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News'Trading sentiment on builders turn positive'
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'Trading sentiment on builders turn positive'
by hlk Thu 10 May 2012, 14:22
Builder Sunway Bhd advanced 1.3 percent to RM2.40, headed for its highest close since April 30 in Kuala Lumpur trading at 10.06am.
TRC Synergy Bhd gained 0.7 percent to 74 sen.
"We expect trading sentiment to turn more positive on the construction sector in coming months, backed by impending mega project awards likely to be front-loaded ahead of the 13th Malaysian general elections some time in 2012," Benjamin Lee, an analyst at ECM Libra Financial Group Bhd, said in a report today.
The government yesterday awarded four companies including Sunway and TRC Synergy contracts totaling RM3.2 billion (US$1 billion) to help build a mass-rail network in the Klang Valley. -- Bloomberg
TRC Synergy Bhd gained 0.7 percent to 74 sen.
"We expect trading sentiment to turn more positive on the construction sector in coming months, backed by impending mega project awards likely to be front-loaded ahead of the 13th Malaysian general elections some time in 2012," Benjamin Lee, an analyst at ECM Libra Financial Group Bhd, said in a report today.
The government yesterday awarded four companies including Sunway and TRC Synergy contracts totaling RM3.2 billion (US$1 billion) to help build a mass-rail network in the Klang Valley. -- Bloomberg
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