With a more favourable environment, BRC ASIA improves to Positive
BRC ASIA (SG), a company active in the Building Materials & Fixtures industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date February 11, 2022, the closing price was SGD 1.68 and its potential was estimated at SGD 1.76.BRC Asia Limited is involved in the prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. The Company is a provider of steel reinforcement solutions in Singapore. The Company's geographical segments include Singapore, People's Republic of China, Malaysia and Group. The Company's products/services include rebar, wires, cut and bend service, mesh, cages, prefabrication services and BRC Weldfence. The Company supplies 12-meter length reinforcement bars. The Company's rebars are sourced internationally from steel mills. Its wires or mild steel round bars are for construction and industrial applications. Its wires are available in diameters of six-millimeter, 86-millimeter, 106-millimeter and 136-millmeter in six-meter length bundles. The Company's Singapore operations comprise approximately three factories spanning a land area of over 55,000 square meters.
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