Downtrend: An Ann Joo Resources steel facility. Maybank IB, in a report on Ann Joo Resources, noted that the steel company’s share price had fallen 46 year-to-date.
PETALING JAYA: Changes in global trade policies, tepid global demand and cost issues are expected to continue to disrupt demand for steel from Malaysia, negatively impacting the sector this year and next.
One good news for the sector, however, is the exclusion of building materials and construction services from the Sales and Services Tax (SST), according to MIDF Research.
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