Cahya Mata to bank on demand for cement

The well-connected stocks include Naim Holdings Bhd, Cahya Mata Sarawak Bhd (CMS), KKB Engineering Bhd and Sarawak Cables Bhd (SCB).

PETALING JAYA: Although Cahya Mata Sarawak Bhd (CMSB) stock fell drastically in April ahead of the Sarawak state election, interest seems to be stirring of late. CMSB has been lagging behind due to the weakness of its ferrosilicon business while many other construction stocks had rallied, analysts said.

The construction proxy picked up momentum in mid-May and have since registered a share price growth of 17.7% as of Aug 12. CMSB is a good construction proxy for investors looking to capitalise on Sarawak’s wave of new infrastructure project.