Singapore

Brokers’ take: UOBKH downgrades BRC Asia to ‘hold’ on lack of near-term catalysts



UOB Kay Hian (UOBKH) downgraded its call on BRC Asia to “hold” from “buy” while slashing its target price to S$1.66 from S$2.42, after the steel solutions provider’s first-quarter results missed expectations.



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