PETALING JAYA: The building material industry is poised for modest growth next year as operating conditions improve and construction activities gradually resume following the easing of movement restrictions.
But as the industry looks forward to new property launches and with the rollout of infrastructure projects, analysts remain cautious on the sector given the considerable risk to recovery.
AmInvestment Bank maintained its “neutral” stance for the building material sector but noted that the cement sector in Peninsular Malaysia has turned the corner as construction activities and new property launches gradually resumed and as cement players reverted to more rational competition following a shakeout in 2019.
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