KUALA LUMPUR: After a visit to Cahya Mata Sarawak Bhd's (CMSB) base in Sarawak, RHB Research said it was sufficiently impressed by what it saw as to revise the target price for the stock upwards to RM7.55 from its May 23 call of RM6.60.
It reported CMSB's cement division - its main business - was back on track after a prolonged shutdown of its clinker plant in Mambong, Kuching, for refurbishments, incurring a loss of RM29mil in the last financial year.
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