nit Price Index Of Building Materials Declines Across Malaysia, Says DOSM
According to a report by the Department of Statistics Malaysia (DOSM) titled "Special Release 2 (For Building and Structural Works) November 2022," a month-on-month comparison of construction materials and selected areas in Peninsular Malaysia, Sabah, and Sarawak showed a decrease in the unit price index for all areas. The unit price index of steel recorded a decrease of 1.6% in November 2022 compared to October 2022 and has declined for three consecutive months.
This decrease in the price index is in line with the decline in the price of major commodities such as iron ore and steel at the global level. However, according to Trading Economics, the price of iron ore and steel began to increase at the end of November 2022 due to some major cities in China easing their COVID-19 lockdowns. While there may be increasing demand for steel, there are still uncertainties surrounding steel prices that may put pressure on prices.
The unit price index for steel and metal sections decreased by 0.6%, while the index for sand decreased by 0.1%. However, the index for timber increased by 1.7%, and the index for cement increased by 1.1%. Some building materials, such as plywood in all areas of Peninsular Malaysia, Sabah, and Sarawak, remained unchanged.
In a year-on-year comparison, the unit price index for building materials in November 2022 showed increases of between 3.2% and 11.8% compared to the same month the previous year. The unit price index for steel increased by 3.4%, and the index for steel and metal sections increased by 4.6% in November 2022 compared to the same month the previous year.
Average Price of Selected Building Materials
A comparison for the month showed that the average prices of selected construction materials, such as steel and cement, decreased compared to October 2022. The average price per unit of steel, including mild steel round bars and Mycon 60 high tensile deformed bars, was RM3,599.34 per metric tonne, a 1.0% decrease from the previous month (October 2022: RM3,637.01 per metric tonne). The average price of cement (Ordinary Portland) increased slightly by 0.9% to RM20.88/50 kg compared to RM20.70/50 kg (October 2022). The average price of aggregates was RM41.14/metric ton, a 0.7% increase from October 2022 (RM40.83/metric ton).
However, on an annual basis, the average prices of steel and cement increased by 10.2% and 9.6%, respectively. The overall decrease in building materials should be good news for construction players, which in turn could benefit mega developers by decreasing pressure on costs.
We are upbeat for the prospect for mega developers such as SP Setia Berhad, Eco World Development Group Berhad, IOI Properties Group, SkyWorld Development Berhad and UOA Development Berhad.

New gov is picking up. Same goes to Gamuda, next will be Spsetia.

Going back to 2 and above soon

Mr market said today is not the day, but tomorrow would be

Water is not moving? Whats wrong??

Still need to wait sometime.. Market still on bearish. Collect first

JCY compare Dufu, is like a giant and midget. But JCY really need pick up. Else forever stand at the same ground.

Keep staying in the same share price

Anytime to go 2 and above

Nothing to fight, market is week. Buy now or buy later.
Market will turn good in one day. Stay strong...

It seems all tech stock still having a long run for the recovery

Let it drop below 0.20 and enter ?

market is week...but ok la, Atech still in good fundamental

Once market get strong.... all spike

KIV ....

tech stock all at bad trend...

Market no good, semua boss ular
Market good , semua naga

现在整个市场都走入疲劳状态

I guess company is having Good value ?

DUFU good no use. If Coming few quarter still remain same performance. Dead share price. Investor will slowly throw ticket

Totally no rebound sign anymore ? lol

The most sad case share in my stock. Even arb can profit, but jcy no power at all.

Errr.... The one comment loop is me not neonstrife ... lol ???

Seems no one comment here, be right back

My spring today is making a move. Good good...

just like what neon said, Arb is a loop, line turned solved issues to unsolved and repeat time to time . Arb had no show for awhile, line come to make show ? lol.... thought that everyone no need work meh, keyboard warrior. Those layan either too free or come for entertainment. Just like me. hahah

Just like what neon said, arb is just a loop, everyone answer same question, going back same issues again and again. line make solved issues to unsolved and repeat again. Arbb no show, but line got show. show what ? show the same thing. hahaha

Goreng finish ? Continue throw down ?

Wine look so dry....

43 -42 ?

Drop so little and no volume.... Time to collect again ?

Many bleeding today, hopefully not drop below 1.50

Lol, a little bit unrelated, even name also can drag in as a topic. lmao ?

Share price seems having big movement recently

RM 1 must be a Joke. now go to 27, super huge discount.

Spring is not coming yet , therefore we have to stay at cold

I was long time suspect this 2 is same person - line and neon , but the way they reply seems different.

Definitely need more time, strong rebound incoming

Susah la... Bila nak naik ?

Furniture now only remain sernkou staying strong 70-80 cent

Springart seems getting weak.

While liihen not famous as 2 years back.

still got chance or holland already ?

Good counter but no movement ?

Wow, that will be a new thing to the market.