Image source: BRC Asia
BRC Asia Daily, 10-mth
Reference to our Whatsapp Broadcast to Clients on 25 April, we’ve recommended taking a look on our local Construction Materials sector, in particular BRC Asia. The stock had since moved up 16% to a recent high of $1.84.
According to DBS Research, there’s still much room for the stock price to appreciate and they had set a 12-month target price of S$2.40, another 30% upside from here.
Please drop us a line if you wish to take a look at the report for the rationale of their recommendation.
As usual, kindly do your own due diligence & assess if the Technical Analysis opinions are applicable to your trading/investing needs. Brought to you by Thomas Ng’s Investment Ideas Broadcast Group.
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