KUALA LUMPUR: AmInvestment Bank Research upgraded its outlook on the building materials sector to neutral from underweight previously as it forecasts a mixed recovery for the sector.
The research house said it expects cement prices in Peninsular Malaysia not to fall given the emergence of a price leader in the market following YTL Cement's acquisition of Malaysian Cement in 2019 and easing supply pressure with the recent shutdown of clinker plants by Malaysian Cement and CIMA.
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