Broker Name: CGS International
Date of Report: October 9, 2025
Excerpt from CGS International report.

Report Summary

• Singapore’s construction demand in 2025 is expected to reach S\$36bn (inflation-adjusted), matching the previous peak, driven by higher density developments and increased gross plot ratios that will boost steel demand.
• BRC Asia, holding a dominant 55-60% steel market share, is well-positioned to benefit from this upcycle, with strong financial performance, robust ESG practices, and ongoing opportunities from Singapore’s Equity Market Development Programme.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com/en/home.html