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PETALING JAYA: Cement companies are expected to report better earnings in light of higher cement prices.
UOB Kay Hian says cement industry set to recover
RHB Research is maintaining a “buy” call on OCK Group with a target price of RM0.75, which is an 28% upside, as the group remains confident in sealing the towerco divestment deal soon
KUALA LUMPUR: Affin Hwang Capital Research expects Malayan Cement’s core net loss to shrink in FY20E before turning profitable in FY21E onwards, mainly due to better revenue and profit margins on the back of sustainable cement price improvements.
PETALING JAYA: CGS-CIMB Equities Research is cautiously optimistic about YTL Corp’s strategy of making a comeback in the KL-Singapore high-speed rail (HSR) space ahead of the May 2020 deadline of the HSR’s review period.
KUALA LUMPUR: CGS-CIMB Equities Research is cautiously optimistic on YTL Corp’s strategy of making a comeback in the KL-Singapore high-speed rail (HSR) space ahead of the May 2020 deadline of the HSR’s review period.
PETALING JAYA: The building materials sector, especially the steel industry, will continue to be weighed down by weak demand due to the absence of sizeable new public infrastructure projects.
KUALA LUMPUR: AmInvestment Research is maintaining its Underweight for the building material sector.
KUALA LUMPUR: YTL Corp 1QFY20 results were broadly in line; core net profit rose 58% year-on-year (yoy), driven by strong revenue growth of 29% yoy.
AIRASIA BHD’s current valuation is at the high end. The group is expected to record a net profit of RM336mil for 2H19, which is below consensus’ expectation of RM341mil.