KUALA LUMPUR: AmInvestment Bank Research remains "underweight" on Cahya Mata Sarawak Bhd (CMS) on expectations that the group's cement division will continue to face headwinds while its associate's performance will drag on earnings.
In an analyst briefing, CMS said its cement division will continue to face margin compression in the near- to medium-term due to the elevated price of imported clinkers, of which it is heavily dependent.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!