PETALING JAYA: The slump in business may be soon over for building material companies with construction activities projected to resume following the easing of movement restrictions.
The implementation of movement restrictions by the government in the third quarter (Q3) of 2021 had impacted the pace of construction activity and with that easing, players in the building materials space are now benefitting from the resumption of full operations.
With all, if not most companies now running at an optimal level, analysts expect building material companies to register better earnings in the quarters ahead on the back of firm prices and better demand.
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