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IT IS unlikely that the cement industry would make a comeback anytime soon, as the sector is still being hit by the state of oversupply and weak domestic demand.
REVIEW: The FBM KLCI made little headway over the Labour Day-shortened week as it traded within a narrow range with little inspiration for gains.
KUALA LUMPUR: Investors may be turning their attention to YTL Corp, Lafarge Malaysia, Destini, GHL Systems, Pasdec and YFG in Friday trading.
KUALA LUMPUR: YTL Corp subsidiary YTL Cement’s offer to acquire LafargeHolcim Ltd’s 51% stake in Lafarge Malaysia for RM1.6bil cash (RM3.75 a share) is strategically positive but poses immediate earnings dilution, CIMB Equities Research says.
KUALA LUMPUR: YTL Corp is making a mandatory offer (MO) for the remaining shares in Lafarge Malaysia Bhd following its acquisition of a 51% stake in the cement maker from its parent company.