Key Indices
Top Stories
Company Results | BRC Asia (BRC SP/BUY/S$4.32/Target: S$5.30)
- BRC reported 9MFY26 revenue of S$1,360m (+21% yoy) and PATMI of S$79m (+26% yoy), representing 77%/76% of our forecasts respectively. BRC’s S$1.69b orderbook as of end-Jun 26 remains robust despite accelerated project deliveries in 1HFY26, providing earnings visibility. Maintain BUY with an unchanged target price of S$5.30, pegged to a lower 13x FY27F PE on a renewed PE band.
Market Spotlight
- US stocks were lower on Tuesday, with all indices falling as the information technology, industrials and materials sectors slid. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI fell 67.06pt to 5,701.40, supported by weakness in Singtel, DBS and OCBC Bank, with mid-cap indices remaining unchanged and small-cap indices falling with a broad market decline on S$2.00b turnover.
Technical Analysis
Top Glove Corp (TOPG SP)
- Trading Buy Range: S$0.205-0.210
Oiltek International (OTEK SP)
- Trading Sell Range: S$1.47-1.48
Top Stories
Company Results | BRC Asia (BRC SP/BUY/S$4.32/Target: S$5.30)
- BRC reported 9MFY26 revenue of S$1,360m (+21% yoy) and PATMI of S$79m (+26% yoy), representing 77%/76% of our forecasts respectively. BRC’s S$1.69b orderbook as of end-Jun 26 remains robust despite accelerated project deliveries in 1HFY26, providing earnings visibility. Maintain BUY with an unchanged target price of S$5.30, pegged to a lower 13x FY27F PE on a renewed PE band.
Market Spotlight
- US stocks were lower on Tuesday, with all indices falling as the information technology, industrials and materials sectors slid. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI fell 67.06pt to 5,701.40, supported by weakness in Singtel, DBS and OCBC Bank, with mid-cap indices remaining unchanged and small-cap indices falling with a broad market decline on S$2.00b turnover.
Technical Analysis
Top Glove Corp (TOPG SP)
- Trading Buy Range: S$0.205-0.210
Oiltek International (OTEK SP)
- Trading Sell Range: S$1.47-1.48
Key Indices
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