Fund Manager, Privium Funds

Privium Fund Management

Fund Manager

Privium Funds

Privium Fund Management (Singapore) Pte Ltd is an MAS regulated Fund Manager holding a CMS License with a proven track record in providing Fund Management solutions for traditional and alternative asset portfolios.

Equity Bottom-Up

<ul><li>We think BRC Asia Limited ("BRC") is a structural play on Singapore's construction sector via its dominant position within the reinforcing steel sub-sector.</li><li>Its highly automated prefabrication facilities deliver critical on-site manpower savings, and its large-scale delivery network creates high barriers to entry.</li><li>Consequently, it generated a resilient net profit margin of 6.1% in FY2025.</li></ul>

We think BRC Asia Limited ("BRC") is a structural play on Singapore's construction sector via its dominant position within the reinforcing steel sub-sector.Its highly automated prefabrication facilities deliver critical on-site manpower savings, and its large-scale delivery network creates high barriers to entry.Consequently, it generated a resilient net profit margin of 6.1% in FY2025.

BRC Asia (SGX: BEC) Initiation Research 23 September 2026

The New Standard in Wealth Management, Wealth Management Alliance

Wealth Management Alliance

The New Standard in Wealth Management

WMA is a Singapore-based multi-family office with a Capital Markets Services license and provide fund management and investment advisory services to a small number of global UHNW clients. We also act as incubator for single-family offices, allowing them to plug into our broader ecosystem and infrastructure, and tap on our investment professionals for advice. WMA is designed around providing truly bespoke advice to each client, rather than taking a one-size-fits-all approach that may not fit each client's investment objectives and risk tolerances. On top of that, we are designed so that we avoid any semblance of conflicts of interests by being compensated only by the client (which may include profit sharing), as opposed to the model that many of our peers adopt, which include compensation from a variety of third parties such as funds managers, distributors or banks. That, to us, is the easiest way to be firmly on the side of the client in every decision we make.

Thematic (Sector/Industry)

<ul><li>Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months.</li><li>The contraction was led by a slump in exports to the US (-20.6% y/y), suggesting that the front-loading ahead of US tariffs has faded.</li><li>Meanwhile, manufacturing PMI has slipped into the contractionary zone since April, last seen nearly two years ago.</li></ul>

Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months.The contraction was led by a slump in exports to the US (-20.6% y/y), suggesting that the front-loading ahead of US tariffs has faded.Meanwhile, manufacturing PMI has slipped into the contractionary zone since April, last seen nearly two years ago.

Singapore

BRC Asia is a leading Pan-Asia prefabricated reinforcing steel solutions provider. The company offers a full suite of reinforcing steel products and services, including standard length rebar, cut and bend services, prefabrication services, and standard and customized welded wire mesh for the building and construction industry. BRC Asia is headquartered in Singapore and was incorporated in 1938.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

BRC Asia (BRC SP)

BRC Asia (SGX: BEC) Initiation Research 23 September 2026

We think BRC Asia Limited ("BRC") is a structural play on Singapore's construction sector via its dominant position within the reinforcing steel...

Privium Fund Management

Singapore Equity Strategy: June 2025

Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months. The contraction was led by a slump...

Wealth Management Alliance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)