building materials

Hafary's 2HFY202 earnings up 192.6%, plans special dividend - THE EDGE SINGAPORE

Results

Hafary's 2HFY2022 earnings up 192.6%, plans special dividend

Hafary shares closed Feb 17 at 23 cents, up 2.27%, up 25% over the past year.
Phillip Securities keeps BRC Asia at 'buy' on recovery of construction demand - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital keeps BRC Asia at 'buy' on recovery of construction demand

BRC Asia’a order book from construction is up slightly to $1.135 billion for 3QFY2022 from $1 billion
Hengyang Petrochemical Logistics and CEO Gu dispose of stake in Jiangsu entity for $4.3 mil - THE EDGE SINGAPORE

M&A

Hengyang Petrochemical Logistics and CEO Gu dispose of stake in Jiangsu entity for $4.3 mil

The gain upon completion is expected to be RMB5,592.

Tong's Portfolio

Deflation is dead ... long live inflation, again

To be clear, we do not think there will be runaway inflation since there remains plenty of slack in the economy, including high unemployment, in the aftermath of the pandemic.

Results

Engro posts 80.5% decline in 2Q earnings to $0.9 mil

SINGAPORE (Aug 8): Engro Corporation, the provider of building materials, reported earnings of $0.9 million for the 2Q17 ended June, down 80.5% from its earnings of $4.5 million in 2Q16.

Malaysia

Building materials sector poised for turnaround this year

SINGAPORE (Jan 16): UOB Kay Hian is maintaining its “overweight” on Malaysia’s building materials companies as its believes 2017 will be a turnaround year for the sector.

UPP to acquire shares and notes in Taiga Building Products

SINGAPORE (Oct 5): UPP Holdings has entered into an agreement to acquire shares and notes in Taiga Building Products from Berjaya Corporation and its unit, Berjaya Forest Products, as well as shares in Taiga from an entity linked to UPP director Tong Kooi
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