PETALING JAYA: Optimism is returning to the building materials sector with the likelihood that the government will push plans for large-scale infrastructure spending to pump-prime the economy.
The revival of mega infrastructure projects would be a positive catalyst for the building materials sector as it would boost steel demand and see a recovery in prices of aluminium moving into 2021, said Kenanga Research.
Expecting better days ahead for the sector, Kenanga Research has upgraded the sector to “neutral” from “underweight”.
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