KUALA LUMPUR: Affin Investment Research is retaining its Reduce outlook on Lafarge Malaysia with a target price of RM8.35 compared with last Friday's price of RM9.29.
The research house said on Monday after an estimated 7%-8% demand growth in 2013, Lafarge expects domestic cement demand to grow by a softer 2%-5% in 2014 due to a larger base effect.
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