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ECM raises YTL Cement to 'buy'

YTL Cement Bhd, a Malaysian cement producer, was upgraded to “buy” from “hold” at ECM Libra Capital Sdn. following its acquisition of Batu Tiga Quarry Sdn Bhd from its parent, YTL Corp.

Its share price forecast was raised to RM4.77 from RM4.50, the research house said in a report today. - Bloomberg

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