BRC Asia

Results

Hong Leong Asia's FY2023 earnings up 19%

The company has declared a dividend of 2 cents per share

Broker's Calls

CGS-CIMB maintains 'add' call on BRC Asia, citing highest construction demand since 2015

They also like the stock for its 9% dividend yield and "undemanding" valuation of just 6x 2025 earnings

Company in the news

BRC Asia disposes of stake in Pristine Islands in IPT

E Street Capital will pay BRC Asia US$1.3 million ($1.8 million) for the shares and US$12.7 million for the sale loan.
DBS raises BRC Asia's target price to $2 - THE EDGE SINGAPORE

Broker's Calls

DBS raises BRC Asia's target price to $2

BRC Asia's 'strong' order book of $1.3 billion and accelerating site progress will be key drivers for the current FY2024
CGS-CIMB raises BRC Asia target price on further pick up in construction activities - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB raises BRC Asia target price on further pick up in construction activities

BRC Asia plans to pay a total dividend fo 16 cents for FY2023, giving a yield of around 10%

Results

BRC Asia FY2023 earnings down 16% y-o-y despite 2HFY2023 rally

For 2HFY2023, BRC Asia recorded earnings of $49.5 million, down just 2% y-o-y.
BRC Asia reaps synergies from Lee Metal acquisition - THE EDGE SINGAPORE

Billion Dollar Club 2023

BRC Asia reaps synergies from Lee Metal acquisition

BRC Asia is the largest total reinforcing steel solutions manufacturer worldwide
×