Possible higher profits for cement players

In light of the higher cement average selling price, UOB says that most cement companies are likely to report better earnings in 4Q19 or either break even or narrow their losses.

PETALING JAYA: Cement companies are expected to report better earnings in light of higher cement prices.

According to UOB Kay Hian Research, earnings for cement companies are likely to have improved in the fourth quarter of 2019 (4Q19) on higher bulk and bag cement prices.