KUALA LUMPUR (Nov 19): Malayan Cement may have potential for a turnaround on higher cement prices and reduced costs after an acquisition by YTL Cement, AllianceDBS Research says. 

Upcoming Malaysian infrastructure projects like the East Coast Rail Link should help support cement prices, the research group says, expecting Malayan Cement's sales to improve 2%-4% for FY 2020-22. 

AllianceDBS upgrades the stock to buy from hold and raises its target price to RM3.95 from RM3.75.