BRC Asia's Outlook Likely Improving, UOB Kay Hian Says -- Market Talk

Dow Jones06-14

0746 GMT - BRC Asia's outlook is likely improving as it posted robust results in 1H FY 2024, which is historically a seasonally weaker period, UOB Kay Hian analysts say in a report. The steel mesh manufacturer's business prospects seem favorable, as strong demand from likely large number of Housing & Development Board projects being planned and upcoming infrastructure projects including Changi Airport Terminal 5 would help support delivery volumes, the analysts say. The Singapore-listed company's order book remains robust, totaling S$1.3 billion as at end-2Q FY 2024, says the brokerage. It -maintains the stock's buy rating and target price of S$2.42. Shares are 0.5% higher at S$2.10. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 14, 2024 03:47 ET (07:47 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2443617867?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-14 15:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2443617867","market":"hk","top_or_hot":-1,"title":"BRC Asia's Outlook Likely Improving, UOB Kay Hian Says -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0746 GMT - BRC Asia's outlook is likely improving as it posted robust results in 1H FY 2024, which is historically a seasonally weaker period, UOB Kay Hian analysts say in a report. The steel mesh manufacturer's business prospects seem favorable, as strong demand from likely large number of Housing &amp; Development Board projects being planned and upcoming infrastructure projects including Changi Airport Terminal 5 would help support delivery volumes, the analysts say. The Singapore-listed company's order book remains robust, totaling S$1.3 billion as at end-2Q FY 2024, says the brokerage. It -maintains the stock's buy rating and target price of S$2.42. Shares are 0.5% higher at S$2.10. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 14, 2024 03:47 ET (07:47 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRC Asia's Outlook Likely Improving, UOB Kay Hian Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRC Asia's Outlook Likely Improving, UOB Kay Hian Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-14 15:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0746 GMT - BRC Asia's outlook is likely improving as it posted robust results in 1H FY 2024, which is historically a seasonally weaker period, UOB Kay Hian analysts say in a report. The steel mesh ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6015","symbol_name":"建筑产品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2443617867","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443617867","pubTimestamp":1718351220,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0746 GMT - BRC Asia's outlook is likely improving as it posted robust results in 1H FY 2024, which is historically a seasonally weaker period, UOB Kay Hian analysts say in a report. The steel mesh manufacturer's business prospects seem favorable, as strong demand from likely large number of Housing & Development Board projects being planned and upcoming infrastructure projects including Changi Airport Terminal 5 would help support delivery volumes, the analysts say. The Singapore-listed company's order book remains robust, totaling S$1.3 billion as at end-2Q FY 2024, says the brokerage. It -maintains the stock's buy rating and target price of S$2.42. Shares are 0.5% higher at S$2.10. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6015":"建筑产品","U11.SI":"大华银行","BK6505":"周期性消费品与消费者服务","BRC":"布雷迪","BEC.SI":"BRC 亚洲","BK4087":"商业印刷"},"translate_title":"大华继显表示BRC Asia的前景可能会改善——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRC":1,"U11.SI":1,"BEC.SI":0.9},"content_text":"0746 GMT - BRC Asia's outlook is likely improving as it posted robust results in 1H FY 2024, which is historically a seasonally weaker period, UOB Kay Hian analysts say in a report. The steel mesh manufacturer's business prospects seem favorable, as strong demand from likely large number of Housing & Development Board projects being planned and upcoming infrastructure projects including Changi Airport Terminal 5 would help support delivery volumes, the analysts say. The Singapore-listed company's order book remains robust, totaling S$1.3 billion as at end-2Q FY 2024, says the brokerage. It -maintains the stock's buy rating and target price of S$2.42. Shares are 0.5% higher at S$2.10. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 14, 2024 03:47 ET (07:47 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443617867"}