Research house’s top picks within the basic materials sector are Press Metal Aluminium Holdings Bhd and Malayan Cement Bhd.
RHB Investment Bank said Press Metal’s financial performance in Q2 FY2023 fell short of both market consensus and its own forecasts.
It said LMC was in an advantageous position to capitalise on the upswing of construction and real estate developments in Peninsular Malaysia. On the aluminium sector, RHB IB noted Press Metal’s financial performance in the second quarter ended June 30 fell short of both market consensus and its own forecasts.
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