Building material makers take a hit

PETALING JAYA: The fall in average selling prices (ASPs) of building materials have led to the lack of improvement in the sector’s second-quarter results for the financial year 2022 (2Q22), says Kenanga Research.

The research house noted that earnings of building material producers under its coverage were subdued, with 33% and 67% coming in within and below its expectations, respectively, unchanged from the previous quarter.