Kenanga Research neutral on auto and plastics, upgrades building materials


KUALA LUMPUR: Kenanga Investment Bank Research is maintaining its neutral outlook on the automotive, plastics and packaging, ports and logistics sectors while it upgraded the building materials sector and kept its underweight rating on healthcare.

In its strategy report issued on Wednesday, it maintained neutral on the automotive sector with 2020 total industry vehicle (TIV) target sales of 475,000 units (-21% YoY).

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