The Business Times
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Construction recovery paves the way for Singapore-listed concrete, steel producers

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Yong Jun Yuan

Yong Jun Yuan

Published Wed, Mar 13, 2024 · 05:00 AM
    • The recovery in construction activity comes on the back of the lifting of a Heightened Safety Period put in place by the Ministry of Manpower from Sep 1, 2022, to May 31, 2023, after a spate of workplace fatalities in the sector.
    • The recovery in construction activity comes on the back of the lifting of a Heightened Safety Period put in place by the Ministry of Manpower from Sep 1, 2022, to May 31, 2023, after a spate of workplace fatalities in the sector. PHOTO: BT FILE

    INVESTOR interest is building for locally listed construction material manufacturers, as they ride on a ramp-up in construction activity in Singapore.

    Peggy Mak, research manager at Phillip Securities Research, noted that some of the market leaders in the construction material space – such as ready-mix concrete producer Pan-United Corporation and steel manufacturing and solutions provider BRC Asia – have benefited from an increase in construction activity since May last year.

    She estimated that Pan-United has about a 40 per cent local market share in ready-mix concrete, while BRC Asia has about an 80 per cent local market share in steel rebars.

    Constructionbrc asiapan-united corphong leong asia

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