0738 GMT – GKE Corp.’s China ready-mix concrete business is looking lackluster, CGS-CIMB analysts say in a research report. Revenue was flat on year in 1H FY 2024 as construction activities in Wuzhou, China, showed little improvement, they note. The Singapore-listed warehousing and logistics solutions provider said building activity levels in China have seen little growth year to date, reinforcing CGS-CIMB’s view that RMC volume recovery in FY 2024 is likely to be bumpy.
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