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PETALING JAYA: There is potential in the building material sector despite 60% of the counters under Kenanga Research’s coverage underperformed in the fourth quarter of 2022 (4Q22).
KUALA LUMPUR (March 14): Kenanga Research has maintained its “overweight” rating of the building materials sector, mainly anchored by its “outperform” calls on Press Metal Aluminium Holdings Bhd and OM Holdings Ltd, as it sees continued margin pressures on Ann Joo ...
KUALA LUMPUR (Sept 7): Kenanga Research has maintained its “overweight” rating on the building materials sector, mainly anchored by its "outperform" call on Press Metal Aluminium Holdings Bhd, while long steel producer Ann Joo Resources Bhd and cable support system manufacturer ...
KUALA LUMPUR (Aug 26): Ann Joo Resources Bhd's net profit for the second quarter ended June 30, 2022 (2QFY22) fell 54.27% to RM34.09 million, from RM83.70 million in the same corresponding quarter last year, despite higher revenue.The lower net profit was primarily attributed ...
KUALA LUMPUR (June 22): Malaysia steel mills are likely to remain competitive than their regional peers, even after the next electricity surcharge review by the end of this month, says Datuk Lim Hong Thye, president of the Malaysian Iron & Steel ...
KUALA LUMPUR (June 22): Malaysia's domestic steel demand is expected to continue its gradual recovery momentum through 2023, but the consumption level is likely to stay below pre-Covid-19 pandemic levels, according to a forecast by the Malaysian Iron and Steel Industry Federation (...
AS economic activity continues to pick up pace amid the country’s transition into endemicity, supply chain disruptions and soaring building material costs brought about by Russia’s invasion of Ukraine, and labour shortages threaten to derail the construction sector’...
AFTER a strong 2021, thanks to higher selling prices, many steel producers could be looking at compressed margins and a normalisation in selling prices this year.
KUALA LUMPUR (March 1): Based on corporate announcements and news flow on Tuesday, companies in focus on Wednesday (March 2) may include: Yinson Holdings Bhd, Sapura Energy Bhd, Kenanga Investment Bank Bhd, LYC Healthcare Bhd, Ireka Corp Bhd, Malaysia Building Society Bhd (...