BRC Asia's Earnings Could Peak in FY 2027-FY 2028 -- Market Talk

Dow Jones

Feb 20

0341 GMT - BRC Asia's earnings are likely to peak in FY 2027-FY 2028, says CGS International's Natalie Ong in a note. The Singapore steel fabricator's order book hit a high of S$2.2 billion at end-December, she says, noting the company is likely benefiting from Singapore's elevated construction activity from 2025-2029. While labor bottlenecks and safety-related work stoppages could result in construction delays, BRC Asia is managing these risks by taking on smaller projects and reducing its exposure to large projects, she says. This in turn enhances its earnings resilience, Ong adds. She raises her FY 2026-FY 2028 earnings per share estimates by 8%-19% to reflect higher sales volume estimates. CGSI raises its target price to S$5.40 from S$4.90 and maintains an add rating. Shares rise 1.1% to S$4.71. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 19, 2026 22:41 ET (03:41 GMT)

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The Singapore steel fabricator's order book hit a high of S$2.2 billion at end-December, she says, noting the company is likely benefiting from Singapore's elevated construction activity from 2025-2029. While labor bottlenecks and safety-related work stoppages could result in construction delays, BRC Asia is managing these risks by taking on smaller projects and reducing its exposure to large projects, she says. This in turn enhances its earnings resilience, Ong adds. She raises her FY 2026-FY 2028 earnings per share estimates by 8%-19% to reflect higher sales volume estimates. CGSI raises its target price to S$5.40 from S$4.90 and maintains an add rating. Shares rise 1.1% to S$4.71. (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  February 19, 2026 22:41 ET (03:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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 Earnings Could Peak in FY 2027-FY 2028 -- 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 Earnings Could Peak in FY 2027-FY 2028 -- 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\">2026-02-20 11:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0341 GMT - BRC Asia's earnings are likely to peak in FY 2027-FY 2028, says CGS International's Natalie Ong in a note. The Singapore steel fabricator's order book hit a high of S$2.2 billion at end-December, she says, noting the company is likely benefiting from Singapore's elevated construction activity from 2025-2029. While labor bottlenecks and safety-related work stoppages could result in construction delays, BRC Asia is managing these risks by taking on smaller projects and reducing its exposure to large projects, she says. This in turn enhances its earnings resilience, Ong adds. She raises her FY 2026-FY 2028 earnings per share estimates by 8%-19% to reflect higher sales volume estimates. CGSI raises its target price to S$5.40 from S$4.90 and maintains an add rating. Shares rise 1.1% to S$4.71. (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  February 19, 2026 22:41 ET (03:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"SKIS","symbol_name":"Peak Resorts, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612025584","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612025584","pubTimestamp":1771558860,"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":"0341 GMT - BRC Asia's earnings are likely to peak in FY 2027-FY 2028, says CGS International's Natalie Ong in a note. The Singapore steel fabricator's order book hit a high of S$2.2 billion at end-December, she says, noting the company is likely benefiting from Singapore's elevated construction activity from 2025-2029. While labor bottlenecks and safety-related work stoppages could result in construction delays, BRC Asia is managing these risks by taking on smaller projects and reducing its exposure to large projects, she says. This in turn enhances its earnings resilience, Ong adds. She raises her FY 2026-FY 2028 earnings per share estimates by 8%-19% to reflect higher sales volume estimates. CGSI raises its target price to S$5.40 from S$4.90 and maintains an add rating. Shares rise 1.1% to S$4.71. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SKIS":"Peak Resorts, Inc.","BRC":"布雷迪"},"translate_title":"BRC Asia盈利可能在2027财年至2028财年达到峰值——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKIS":1.5,"BRC":1.5},"content_text":"0341 GMT - BRC Asia's earnings are likely to peak in FY 2027-FY 2028, says CGS International's Natalie Ong in a note. The Singapore steel fabricator's order book hit a high of S$2.2 billion at end-December, she says, noting the company is likely benefiting from Singapore's elevated construction activity from 2025-2029. While labor bottlenecks and safety-related work stoppages could result in construction delays, BRC Asia is managing these risks by taking on smaller projects and reducing its exposure to large projects, she says. This in turn enhances its earnings resilience, Ong adds. She raises her FY 2026-FY 2028 earnings per share estimates by 8%-19% to reflect higher sales volume estimates. CGSI raises its target price to S$5.40 from S$4.90 and maintains an add rating. Shares rise 1.1% to S$4.71. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2026 22:41 ET (03:41 GMT)\n\n\n  Copyright (c) 2026 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}