Kenanga keeps ‘overweight’ call on building material sector after 2Q2023 results

Kenanga is positive on the aluminum sector due to the stable price of the commodity and demand for cable support systems in the near term, but the same cannot be said for the steel sector amid the sluggish property sector, according to its sector note on Thursday KUALA LUMPUR (Sept 14): Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023).

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Kenanga ups target price for Genting on 'recovery play' despite 1HFY21 results missing expectations

KUALA LUMPUR (Aug 30): Kenanga Research said while Genting Bhd’s first half ended June 30, 2021 (1HFY21) core loss of RM111 million missed expectations, strong UK and US numbers in the second quarter (2QFY21) due to reopening and relaxing operating restrictions led the research house to believe that a swift recovery is in store for Resort World Group and Resort World Singapore once business and borders reopen.

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