steel

UOB Kay Hian, citing near and long term growth, raises BRC Asia's target price to $2.42 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian, citing near and long term growth, raises BRC Asia's target price to $2.42

Long term growth is underpinned by mega projects such as Changi Airport's Terminal 5, Tuas Port and the Cross Island MRT line

Results

BRC Asia 1HFY2023 earnings down 34% y-o-y on lower sales and margin

'BRC remains an integral part of Singapore's construction sector,' says CEO Seah Kiin Peng

Results

BRC Asia reports record earnings of $90.2 million for FY2022, 12 cents worth of dividends heading shareholders' way

As at Sep 30, the company has built an order book of $1.4 billion
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
BRC Asia doubles 3QFY2022 earnings, sees support from public sector projects - THE EDGE SINGAPORE

Results

BRC Asia doubles 3QFY2022 earnings, sees support from public sector projects

As of June 30, the company’s order book has reached some $1.135 billion

Results

BRC Asia FY2021 earnings up 131% to $45 mil, declares final and special dividend of 8 cents

The company will be paying a total dividend of 12 cents per share for FY2021

Commodities

Iron ore's brutal collapse below US$100 flags more trouble ahead

Iron ore futures plunged more than 20% this week
Hong Leong Asia to pay $68.1 mil to bring stake in BRC Asia to 20% - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Hong Leong Asia to pay $68.1 mil to bring stake in BRC Asia to 20%

HLA will subscribe for a placement at $1.48 each and also buy shares from existing BRC shareholders

Commodities

Record steel prices inject life into long-suffering industry

Few expect these good times to last through 2022

Hot Stock

Civmec awarded contract for Australian offshore patrol vessel project

SINGAPORE (Apr 16): Civmec has won a contract from Luerssen Australia, a subsidiary of German shipbuilder Lürssen, to supply and process steel for all 12 vessels to be built for Australia’s SEA 1180 Offshore Patrol Vessel (OPV) project.
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