Strong job flows positive for Cahya Mata

PETALING JAYA: Cahya Mata Sarawak Bhd (CMS) is poised to achieve stronger earnings growth in the medium to long term, partly owing to Indonesia’s upcoming new capital in Nusantara and strong contract flows.

The Bandung Institute of Technology has projected a demand of 21 million tonnes of cement per annum over the next 20 years for the construction of Nusantara as the new capital, which bodes well for CMS due to its geographical advantage as the sole cement manufacturer of Sarawak.