Stock Name: LMCEMNT
Company Name: LAFARGE MALAYAN CEMENT BHD
RHB Research raised its call on Lafarge Malayan Cement Bhd to "outperform" from "market perform" on the back of rising domestic demand and higher cement selling prices.
"As the largest cement player in Malaysia with a lion market share of 40 percent, Lafarge is a good proxy to the massive public and oil and gas infrastructure spending," RHB said in a note on Wednesday.
"Rising domestic cement demand also allows Lafarge to unlock its earnings potential by changing its sales mix towards even more high-margin domestic sales vis-a-vis low-margin export sales," RHB added.
RHB raised Lafarge's fair value by 23 percent to RM9.05 per share from RM7.34 previously.
As of 9.49am, Lafarge's shares rose 2.5 percent against the Malaysian benchmark stock index's 0.15 percent rise. -- Reuters
Company Name: LAFARGE MALAYAN CEMENT BHD
| Research House: RHB | Price Call: BUY | Target Price: 9.05 |
RHB Research raised its call on Lafarge Malayan Cement Bhd to "outperform" from "market perform" on the back of rising domestic demand and higher cement selling prices.
"As the largest cement player in Malaysia with a lion market share of 40 percent, Lafarge is a good proxy to the massive public and oil and gas infrastructure spending," RHB said in a note on Wednesday.
"Rising domestic cement demand also allows Lafarge to unlock its earnings potential by changing its sales mix towards even more high-margin domestic sales vis-a-vis low-margin export sales," RHB added.
RHB raised Lafarge's fair value by 23 percent to RM9.05 per share from RM7.34 previously.
As of 9.49am, Lafarge's shares rose 2.5 percent against the Malaysian benchmark stock index's 0.15 percent rise. -- Reuters
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