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PETALING JAYA: The building materials sector, especially the steel industry, will continue to be weighed down by weak demand due to the absence of sizeable new public infrastructure projects.
KUALA LUMPUR: AmInvestment Research is maintaining its Underweight for the building material sector.
KUALA LUMPUR: YTL Corp 1QFY20 results were broadly in line; core net profit rose 58% year-on-year (yoy), driven by strong revenue growth of 29% yoy.
AIRASIA BHD’s current valuation is at the high end. The group is expected to record a net profit of RM336mil for 2H19, which is below consensus’ expectation of RM341mil.
Business news in brief.
KUALA LUMPUR: Shares in Lafarge Malaysia Bhd rose 2.3% in early trade Tuesday after minority shareholders voted down a plan to enter into recurrent related party transactions (RPT) worth about RM3.5bil with YTL Cement Bhd.
PETALING JAYA: Cement maker Lafarge Malaysia Bhd, whose net loss widened by over RM104mil last year, is expected to return to profitability in the financial year of 2021 (FY21), according to AllianceDBS Research
PETALING JAYA: Cement prices are expected to go up by the end of the year, following early signs of recovery that have come about as a result of the acquisition of Lafarge Malaysia Bhd by YTL Cement Bhd.
TAN Sri Tunku Imran Tuanku Ja’afar has been installed as the fourth chancellor of Wawasan Open University (WOU).