Moving forward, UOB Kay Hian Research expects bulk cement ASPs to firm up by RM10 to RM20 per tonne towards year-end, which will bring bulk cement prices to RM240-RM250 per tonne, along with the gradual resumption of mega and infrastructure projects.
KUALA LUMPUR: Earnings of cement companies are expected to recover in the second half of this year, driven by the resumption of production amid the easing of the movement control order (MCO).
UOB Kay Hian Research expects losses to narrow in the third quarter of this year and profitability to return in the fourth quarter as utilisation rates, which have improved, are likely to normalise in the fourth quarter.
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