PETALING JAYA: A softening US dollar is weighing on near-term growth at Aurelius Technologies Bhd

, but analysts say a steady build-up at its new Plant 5 (P5) keeps the long-term investment case intact.

In a note to clients yesterday, Maybank Investment Bank Research said it is “cautiously optimistic” on the near term even as currency headwinds persist, while reiterating a positive outlook anchored on the group’s rising utilisation at its P5 manufacturing plant in Kulim, Kedah.