BRC Asia's Earnings Set to Benefit From Strong Project Pipeline, Other Tailwinds -- Market Talk

Dow Jones2024-12-09

0214 GMT - BRC Asia's earnings may benefit from a strong project pipeline and other tailwinds, UOB Kay Hian analysts say in a research report. Its medium-term outlook seems favorable, given robust demand from the likely large number of public-housing projects being planned and upcoming infrastructure projects in Singapore. Order book of the provider for prefabricated reinforcing steel is robust at S$1.4 billion as at end-4Q FY 2024, and the steel market is expected to recover from 2025 onward, the analysts add. The brokerage lifts its estimates for BRC Asia's FY 2025-2026 profit after tax and minority interests by 1%-4%. It raises the stock's target price to S$2.52 from S$2.29, with an unchanged hold rating. Shares are unchanged at S$2.58. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 08, 2024 21:14 ET (02:14 GMT)

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Its medium-term outlook seems favorable, given robust ...</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":"BEC.SI","symbol_name":"BRC 亚洲","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490798571","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490798571","pubTimestamp":1733710440,"columns":[],"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":"0214 GMT - BRC Asia's earnings may benefit from a strong project pipeline and other tailwinds, UOB Kay Hian analysts say in a research report. 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