Broker Name: BRC Asia Ltd
Date of Report: Not specified (inferred as FY25/FY26)
Excerpt from BRC Asia Ltd report.
Report Summary
- BRC Asia’s adjusted PATMI surged 36% year-on-year in 2H25, driven by a 34% increase in steel rebar delivery volumes due to higher construction project demand.
- The company’s order book reached S\$1.9bn, boosted by major contracts, and is expected to continue growing with upcoming projects; the broker upgrades to BUY with a target price of S\$5.10, citing attractive dividend yield and volume growth momentum.
Above is an excerpt from a report by BRC Asia Ltd. Clients of BRC Asia Ltd can be the first to access the full report from the BRC Asia Ltd website: <website>
