“We believe the potential injection of YTL Cement assets into Malayan Cement will be a fair deal as majority shareholder YTL Cement needs the approval of Malayan Cement’s minority shareholders," the research house said.
KUALA LUMPUR: Affin Hwang Capital Research expects Malayan Cement’s core net loss to shrink in FY20E before turning profitable in FY21E onwards, mainly due to better revenue and profit margins on the back of sustainable cement price improvements.
It said on Tuesday selling prices have increased faster than expected post the consolidation in the sector and are expected to hold up, which is positive for the industry.
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