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

Dow Jones

2024-12-09

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)

Copyright (c) 2024 Dow Jones & Company, Inc.

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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. 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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. 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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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BRC":"布雷迪","BEC.SI":"BRC 亚洲"},"translate_title":"BRC Asia的盈利将受益于强劲的项目储备和其他有利因素——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BEC.SI":0.9,"BRC":1},"content_text":"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%. 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