BRC Asia Likely to Benefit From Rising Steel Demand -- Market Talk

Dow Jones

2025/09/09

0404 GMT - BRC Asia is likely to benefit from rising steel demand as construction activity in Singapore grows, says its new bull at UOB Kay Hian. The Singapore-based steel supplier has a record S$2 billion order book, which provides strong multi-year earnings visibility, analyst Heidi Mo says in a note. Steel demand in the city state is likely supported by both public and private-sector projects, which should be a tailwind to BRC Asia's earnings going into FY 2026. UOB Kay Hian upgrades its rating to buy from hold, citing a FY 2026 dividend yield of 5.3%, and raises its target to S$4.69 from S$3.29. Shares fall 1.35% to S$4.40. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

September 09, 2025 00:04 ET (04:04 GMT)

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The Singapore-based steel supplier has a record S$2 billion order book, which provides strong multi-year earnings visibility, analyst Heidi Mo says in a note. Steel demand in the city state is likely supported by both public and private-sector projects, which should be a tailwind to BRC Asia's earnings going into FY 2026. UOB Kay Hian upgrades its rating to buy from hold, citing a FY 2026 dividend yield of 5.3%, and raises its target to S$4.69 from S$3.29. Shares fall 1.35% to S$4.40. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 09, 2025 00:04 ET (04:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ27511609.SGD","symbol_name":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566650784","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566650784","pubTimestamp":1757390640,"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":"0404 GMT - BRC Asia is likely to benefit from rising steel demand as construction activity in Singapore grows, says its new bull at UOB Kay Hian. The Singapore-based steel supplier has a record S$2 billion order book, which provides strong multi-year earnings visibility, analyst Heidi Mo says in a note. Steel demand in the city state is likely supported by both public and private-sector projects, which should be a tailwind to BRC Asia's earnings going into FY 2026. UOB Kay Hian upgrades its rating to buy from hold, citing a FY 2026 dividend yield of 5.3%, and raises its target to S$4.69 from S$3.29. Shares fall 1.35% to S$4.40. 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The Singapore-based steel supplier has a record S$2 billion order book, which provides strong multi-year earnings visibility, analyst Heidi Mo says in a note. Steel demand in the city state is likely supported by both public and private-sector projects, which should be a tailwind to BRC Asia's earnings going into FY 2026. UOB Kay Hian upgrades its rating to buy from hold, citing a FY 2026 dividend yield of 5.3%, and raises its target to S$4.69 from S$3.29. Shares fall 1.35% to S$4.40. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 09, 2025 00:04 ET (04:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}