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Construction Sector Continues Steaming Ahead With More Project Fuel

Kenanga Research, in a recent sector update report, maintains their “overweight” view on the construction sector, as it will remain busy for the next few years, driven by mega infrastructure projects underpinned by MRT2, LRT3, RAPID, Pan Borneo Highway, SUKE, and DASH.

With these huge construction works to be distributed out by mid-2016, most of the local contractors are expected to reap the benefits in the coming months.

Key players such as Mudajaya, IJM, Sunway Construction, Gamuda, etc, are expected secure the MRT2 project, given their track record in the MRT1 project, while other players such as WCT will be busy executing their massive orderbook of RM4.6 billion.

Source: Kenanga Research

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