BRC Asia Ltd – Broker Name and Report Date
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Report Date: Not specified in the provided document
Excerpt from Broker report
Report Summary
- BRC Asia Ltd reported a 36% year-on-year spike in adjusted PATMI for 2H25, driven by a 34% YoY increase in steel rebar delivery volumes due to stronger construction project offtake.
- The company’s order book reached S\$1.9bn, up 36% YoY, primarily from new contracts such as the S\$570mn T5 project. The outlook remains positive with expected peak volumes in 2026-2027, leading to an upgrade to BUY and a higher target price of S\$5.10.
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