Stock Analysis: BRC Asia | Lianhe Zaobao

BRC Asia recommends buying, with a target price of 4.69 yuan and a current market price of 4.41 yuan. The company holds a 55% to 60% share in the steel market, benefiting from construction activities. The government has allocated 19.6 billion yuan for infrastructure spending in the 2025 budget. BRC Asia has secured a contract for the underground structure of Changi Airport T5 worth nearly 570 million yuan, with an order value of 2 billion yuan, which is 35% higher than the revenue for the fiscal year 2024. Additionally, by acquiring a 55% stake in Southern Steel Mesh, BRC Asia will diversify its revenue sources and expand its scale in Southeast Asia