THE recent surge in the number of affordable housing projects in Malaysia is putting building materials companies on the radar of investors. While construction and property development companies are the obvious beneficiaries of this theme, building materials companies supply the raw materials for these projects. Three listed companies – Ajiya Bhd, Chin Hin Group Bhd and Astino Bhd – provide IBS or produce materials used in IBS. In a recent research note, Public Investment Bank Research highlighted that Chin Hin stands to benefit from the upcoming affordable housing developments as mandated in the Budget 2017 announcement. Ajiya Bhd even has its own Ajiya’s Green Integrated Building System (Agibs).

Source: The Star December 02, 2016 23:39 UTC