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BRC Asia (SGX) dated 12 Jun 2022 (follow up from 29 Apr post)

Updated: Jul 26, 2022

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.

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This is an opinion piece. Please always do your own due diligence on the company's fundamentals & assess if the Fundamental / Technical analysis opinions are applicable to your trading/investing needs.

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