The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More