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Malayan Cement’s proposed acquisition of YTL Cement’s domestic operations will fast track its profitability
AmInvestment Research is maintaining its buy recommendation, forecasts and fair value (FV) of RM3.36 a share for Malayan Cement (MCement).
Although new vehicles sales in Malaysia recorded a 4.6% jump year-on-year (y-o-y) to 53,452 units in August, the figure was 8.9% lower than in July. CIMB Research said the monthly drop was not unexpected because July sales were boosted by various aggressive Hari Raya sales promotions.
SUNWAY Holdings Inc Bhd, which disposed of its crown jewel quarry and ready-mixed concrete a few years ago, intends to return to the business by January 2005, managing director Yau Kok Seong said.