Analyst Natalie Ong from CGS International reiterated a Buy rating on BRC Asia Limited and increased the price target to S$5.50 from S$5.40.
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Natalie Ong has given his Buy rating due to a combination of factors, primarily the company’s strong earnings momentum and robust balance sheet. Core profit in the first half of FY26 rose markedly even as margins were slightly compressed by the consolidation of Southern Steel Mesh and higher operating costs, while net cash increased and dividends were raised, underscoring solid financial health.
She also sees BRC as a key beneficiary of Singapore’s construction upcycle, with management guiding for peak steel demand between late 2026 and 2028 and an order book that supports multi‑year visibility. Ong lifted her FY26–28 earnings forecasts and increased the target price to S$5.50, arguing that higher expected volumes, improved trading revenue, and favourable sector positioning justify further upside despite risks from credit exposure and macro slowdown.
According to TipRanks, Ong is ranked #5132 out of 12188 analysts.