Malayan Cement Bhd's share price has failed to price in its improving earnings outlook, according to a new assessment by CGS International.
The broker argues that the stock remains undervalued relative to its fundamental performance, suggesting a gap between market sentiment and the company's operational trajectory.
9% for 2026, indicating a more optimistic macroeconomic environment, regional peers face headwinds.
The research note points to a divergence between the firm's financial health and its equity valuation.
While specific price targets or rating changes were not detailed in the initial report, the core thesis rests on the belief that the market has overlooked the positive shift in the company's earnings profile.
This assessment comes against a backdrop of mixed signals for the broader cement sector.
While Maybank Investment Banking Group recently upgraded its GDP growth forecast for Malaysia to 4.9% for 2026, indicating a more optimistic macroeconomic environment, regional peers face headwinds.