Shares & Derivatives
BRC Asia Limited (SGX:BEC) – Looking Beyond FY2020
By The Moss Piglet  •  August 9, 2020
BRC Asia Limited (SGX:BEC) is one of the companies that were badly affected by the Covid-19 pandemic. BRC Asia (SGX:BEC) is Singapore’s leading reinforcement bar(rebar) and welded mesh supplier. They command the largest market share for both rebar and mesh with 40-60% and 50-70% market share. During the last quarter, their revenue dropped 83% yoy and reported a loss for the period. This is due to the 2 month nationwide circuit breaker and the subsequent snail-like pace of the restart of construction activity. With the construction industry just starting to pick up the pace, BRC Asia will be able to resume their production at full swing in the coming weeks. However, we must be realistic with their short term prospects and look for its potential looking beyond FY2020.

Financial Highlights

Taken from BRC Asia 3Q2020 Press Release After a strong start to the year, the construction industry was hit hard by the pandemic. BRC’s 3Q2020 numbers were downright ugly. The Group has suspended all its non-exempted operations...
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By The Moss Piglet
This blog is named after the world’s most indestructible creature – the moss piglet, or also known as tardigrades. These microscopic animals are even more hardier than cockroaches and will continue to thrive for billions of years. The reason why this microbeast is chosen to represent this blog is that we aim to create a resilient investment portfolio for all stages of the economic cycle.
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