BRC Asia Delivers on M&A Strategy With Proposed Stake Buy in Malaysia Company -- Market Talk

Dow Jones

May 27, 2025

0651 GMT - BRC Asia delivers on its merger-and-acquisition strategy with the proposed acquisition of a 55% stake in Malaysia's Southern Steel Mesh, CGS International's Natalie Ong says in a research report. The brokerage maintains the stock's add rating. At a recent analyst briefing, management said that while BRC Asia has a manufacturing plant in Malaysia's Johor, it has negligible share in Malaysian market as it mainly manufactures products for consumption in Singapore. This acquisition is likely to give the Singapore-listed steel mesh manufacturer a share in Malaysia's downstream steel market and expand its footprint across Malaysia, Ong adds. The brokerage raises the stock's target price from S$2.70 to S$3.40, now based on estimated 2025 price-to-book-value of 1.9X. Shares are 0.6% higher at S$3.14. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 27, 2025 02:51 ET (06:51 GMT)

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The brokerage maintains the stock's add rating. At a recent analyst briefing, management said that while BRC Asia has a manufacturing plant in Malaysia's Johor, it has negligible share in Malaysian market as it mainly manufactures products for consumption in Singapore. This acquisition is likely to give the Singapore-listed steel mesh manufacturer a share in Malaysia's downstream steel market and expand its footprint across Malaysia, Ong adds. The brokerage raises the stock's target price from S$2.70 to S$3.40, now based on estimated 2025 price-to-book-value of 1.9X. Shares are 0.6% higher at S$3.14. 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The brokerage maintains the stock's add rating. At a recent analyst briefing, management said that while BRC Asia has a manufacturing plant in Malaysia's Johor, it has negligible share in Malaysian market as it mainly manufactures products for consumption in Singapore. This acquisition is likely to give the Singapore-listed steel mesh manufacturer a share in Malaysia's downstream steel market and expand its footprint across Malaysia, Ong adds. The brokerage raises the stock's target price from S$2.70 to S$3.40, now based on estimated 2025 price-to-book-value of 1.9X. Shares are 0.6% higher at S$3.14. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 27, 2025 02:51 ET (06:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4516","symbol_name":"特朗普概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2538344034","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538344034","pubTimestamp":1748328660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0651 GMT - BRC Asia delivers on its merger-and-acquisition strategy with the proposed acquisition of a 55% stake in Malaysia's Southern Steel Mesh, CGS International's Natalie Ong says in a research report. 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At a recent analyst briefing, management said that while BRC Asia has a manufacturing plant in Malaysia's Johor, it has negligible share in Malaysian market as it mainly manufactures products for consumption in Singapore. This acquisition is likely to give the Singapore-listed steel mesh manufacturer a share in Malaysia's downstream steel market and expand its footprint across Malaysia, Ong adds. The brokerage raises the stock's target price from S$2.70 to S$3.40, now based on estimated 2025 price-to-book-value of 1.9X. Shares are 0.6% higher at S$3.14. 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