BRC Asia May Benefit From Robust Growth in Singapore's Construction Sector -- Market Talk

Dow Jones

May 28, 2025

0309 GMT - BRC Asia may benefit from robust growth in Singapore's construction sector, UOB Kay Hian analysts say in a research report as the brokerage raises the stock's target price to S$3.29 from S$2.76. The Building and Construction Authority has projected total construction demand in 2025 would be between S$47 billon and S$53 billion, up sharply from S$44.2 billion in 2024, the analysts note. The Singapore-listed steel-mesh manufacturer is strategically poised to capitalize on the surge in public-sector construction, as it can leverage its expertise in infrastructure components such as steel reinforcement, the analysts say. The brokerage maintains its hold rating as it reckons the stock is fairly valued at current price levels. Shares are unchanged at S$3.14.(ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 27, 2025 23:09 ET (03:09 GMT)

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The Building and Construction Authority has projected total construction demand in 2025 would be between S$47 billon and S$53 billion, up sharply from S$44.2 billion in 2024, the analysts note. The Singapore-listed steel-mesh manufacturer is strategically poised to capitalize on the surge in public-sector construction, as it can leverage its expertise in infrastructure components such as steel reinforcement, the analysts say. The brokerage maintains its hold rating as it reckons the stock is fairly valued at current price levels. Shares are unchanged at S$3.14.(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 27, 2025 23:09 ET (03:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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 May Benefit From Robust Growth in Singapore's Construction Sector -- 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 May Benefit From Robust Growth in Singapore's Construction Sector -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-28 11:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0309 GMT - BRC Asia may benefit from robust growth in Singapore's construction sector, UOB Kay Hian analysts say in a research report as the brokerage raises the stock's target price to S$3.29 from S$2.76. The Building and Construction Authority has projected total construction demand in 2025 would be between S$47 billon and S$53 billion, up sharply from S$44.2 billion in 2024, the analysts note. The Singapore-listed steel-mesh manufacturer is strategically poised to capitalize on the surge in public-sector construction, as it can leverage its expertise in infrastructure components such as steel reinforcement, the analysts say. The brokerage maintains its hold rating as it reckons the stock is fairly valued at current price levels. Shares are unchanged at S$3.14.(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 27, 2025 23:09 ET (03:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065732104.USD","symbol_name":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2538417500","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538417500","pubTimestamp":1748401740,"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":"0309 GMT - BRC Asia may benefit from robust growth in Singapore's construction sector, UOB Kay Hian analysts say in a research report as the brokerage raises the stock's target price to S$3.29 from S$2.76. The Building and Construction Authority has projected total construction demand in 2025 would be between S$47 billon and S$53 billion, up sharply from S$44.2 billion in 2024, the analysts note. The Singapore-listed steel-mesh manufacturer is strategically poised to capitalize on the surge in public-sector construction, as it can leverage its expertise in infrastructure components such as steel reinforcement, the analysts say. The brokerage maintains its hold rating as it reckons the stock is fairly valued at current price levels. 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The Singapore-listed steel-mesh manufacturer is strategically poised to capitalize on the surge in public-sector construction, as it can leverage its expertise in infrastructure components such as steel reinforcement, the analysts say. The brokerage maintains its hold rating as it reckons the stock is fairly valued at current price levels. Shares are unchanged at S$3.14.(ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 27, 2025 23:09 ET (03:09 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":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}