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THE cement industry, which was severely affected when the property and construction industry slowed down during the economic downturn, is set to return to profitability as the economy recovers.
Poised to gain most from the growing demand for cement is Malayan Cement Bhd (MCB), the largest producer of cement and cement-related products in Malaysia, according to a report by MIDF Sisma Sdn Bhd.
The report said MCB is expecting a 20 per cent increase in demand for cement and cement-based products.
It also said the company's shares were fairly valued at RM1.53 per share after considering MCB's growth prospects and financial muscle of its major shareholder …