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Increased construction activity will benefit AYS - Koon Yew Yin

Koon Yew Yin
Publish date: Thu, 03 Nov 2022, 04:04 PM
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Construction activity in Malaysia rose 6.1 percent year-on-year in the June quarter of 2022, rebounding from a 6.1 percent drop in the prior period and indicating the first increase in a year, as the economy fully emerged from coronavirus curbs. There was an upturn in activity related to residential buildings (7.9 percent vs -11.9 percent in Q1), while the output of non-residential buildings picked up strongly (18.1 percent vs 4.2 percent), and special trade activities continued their double-digit growth (11.9 percent vs 24.1 percent). In contrast, civil engineering activity fell at a slower rate (-4.4 percent vs -15.5 percent). Source: Department of Statistics, Malaysia

AYS is the cheapest steel product manufacturer

Steel price is dropping as shown on the chart below. All the steel products manufacturers can buy cheaper steel to make steel products for sale to make more profit. All of them should report better profit for the next quarter ending September.


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2024-11-22

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