Kenanga Research has recently upgraded the building material sector to Overweight due to the strong performance of Press Metal Berhad. The company’s subsidiary, Aluminium Circle (AL Circle), has played a significant role in this upgrade.
Press Metal Berhad is a leading player in the aluminium industry, and its subsidiary AL Circle has shown impressive growth and performance. This has led Kenanga Research to have a positive outlook on the building material sector as a whole.
The upgrade to Overweight indicates that Kenanga Research believes that the building material sector, particularly companies like Press Metal and AL Circle, will outperform the market in the near future. This is a bullish sign for investors looking to capitalize on the growth potential of the sector.
Overall, the strong performance of Press Metal and its subsidiary AL Circle has been a key factor in Kenanga Research’s decision to upgrade the building material sector. Investors should keep an eye on these companies as they continue to show promising growth and potential in the market.