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Home / Capital / Brokers Calls

UOBKH maintains 'buy' call on BRC Asia with higher TP on recovery in 1Q21 net profit

Broker's Calls

UOBKH maintains 'buy' call on BRC Asia with higher TP on recovery in 1Q21 net profit

Felicia Tan Published on Wed, Feb 10, 2021 / 5:03 PM GMT+8

UOB Kay Hian analyst Lucas Teng has maintained his “buy” call on BRC Asia with a higher target price of $2 from $1.88 previously.

The higher target price comes as BRC Asia reported net profit of $9.6 million in the 1QFY2021, which came in Teng’s expectations at 25% of his full-year estimates.

See: BRC Asia reports 24% lower 1Q21 earnings of $9.6 mil after provisions of $13.2 mil