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BRC Asia Limited ( (SG:BEC) ) has issued an announcement.
BRC Asia Limited has secured contracts worth approximately S$570 million to supply steel reinforcement for the substructure of Singapore Changi Airport’s Terminal 5, awarded by a joint venture between China Communications Construction Company Limited and Obayashi Singapore. This contract strengthens BRC’s position as a key player in Singapore’s infrastructure sector, enhancing its market leadership and extending its revenue visibility through 2029, as the company continues to play a crucial role in major domestic infrastructure projects.
The most recent analyst rating on (SG:BEC) stock is a Buy with a S$2.27 price target. To see the full list of analyst forecasts on BRC Asia Limited stock, see the SG:BEC Stock Forecast page.
More about BRC Asia Limited
BRC Asia Limited is a leading provider of steel reinforcement solutions in Singapore, focusing on supplying high-quality prefabricated steel reinforcement products essential for large-scale infrastructure projects.
YTD Price Performance: 39.33%
Average Trading Volume: 34,195
Technical Sentiment Signal: Buy
Current Market Cap: S$913.6M
Learn more about BEC stock on TipRanks’ Stock Analysis page.