UOBKH Research predicts improved earnings and margins for Hu...

UOBKH Research predicts improved earnings and margins for Hume due to rising cement prices and falling coal prices. They also foresee a dividend increase in 2024 due to robust profits and cash flow. Further upside support for cement prices is expected from key infrastructure projects, and a growth in the industry in 2024 is predicted as construction activity rebounds. They maintain a 'buy' call on Hume with a higher target price of RM3.03 a share.