Malayan Cement FY24 earnings expected to rise

PETALING JAYA: The kick-off of major construction and property projects will spur demand for cement, benefitting players like Malayan Cement Bhd (MCement), according to RHB Research.

Thus, the research firm has lifted its financial year 2024 (FY24) forecast earnings for the cement maker by 15.7% on optimism of the recent developments in regards to infrastructure and property projects.