AmInvest Research maintains Underweight for building materials

AmInvest Research projects an average aluminium price US$1,850/tonne in 2020F (relatively unchanged from US$1,870/tonne as it had previously assumed, and as compared with an average of about US$1,900/tonne over the last three years).

KUALA LUMPUR: AmInvestment Research is maintaining its Underweight for the building material sector.

It said on Tuesday that locally, the sector continues to be weighed down by weak demand (the discrepancy between the news flow on the revival of mega projects, and in reality, the absence of sizeable new public infrastructure projects up for bidding).