Basic materials suppliers see growing momentum on improved demand


KUALA LUMPUR: Basic materials producers are bouncing back from low valuations, according to RHB Research, which said all three stocks under its coverage in the sector - Press Metal Aluminium Holdings Bhd, Cahya Mata Sarawak Bhd and Malayan Cement Bhd - have delivered positive results despite the pandemic.

Moving forward, the research firm expects the trio to chart stronger earnings versus pre-pandemic levels.

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