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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.
A SUPPLY glut in the cement industry and cost pressures have continued to depress Lafarge Malaysia Bhd’s earnings in recent times.
KUALA LUMPUR: Maybank Investment Bank Research believes Lafarge Malaysia's production line at Rawang is not affected by the fire incident involving a diesel storage tank last Friday.
KUALA LUMPUR: CIMB Equities Research is maintaining its Hold call on Lafarge Malaysia as it expects the positive sentiment on the stock from better demand expectations in 2018 and stabilising competitive landscape to be mitigated by earnings risks in 2H17.
KUALA LUMPUR: BMT Jelas Sdn Bhd has started preliminary works for the proposed RM4.6bil expressway that will connect Jelapang in Ipoh to Batu Kawan in Penang.
Analyst report: Wah Seong Corp Bh, LaFarge Malaysia Bhd and QL Resources Bhd.
KUALA LUMPUR: Maybank Investment Bank has maintained a “sell” on Lafarge Malaysia Bhd with a lower target price of RM6.50 as competition stiffens and unattractive valuations.