Maybank IB upbeat on Sarawak construction, sees HSL as top pick
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Maybank IB upbeat on Sarawak construction, sees HSL as top pick
Maybank IB upbeat on Sarawak construction, sees HSL as top pick |
Business & Markets 2014 |
Written by theedgemalaysia.com |
Friday, 19 September 2014 11:51 KUALA LUMPUR (Sept 19): Maybank IB Research is "overweight" on the Sarawak construction sector with Hock Seng Lee Bhd (HSL) as its top pick. In a note Friday, the research house said it was upbeat on significant progress in the Sarawak Corridor of Rewable Energy (SCORE) as more construction works had since rolled out and more detailed development plans drawn up to ensure sustainable growth. “Ample construction jobs to be dished out which is medium term positive for Sarawak-based contractors and those from Peninsular with track record. “Overweight on Sarawak construction with HSL as Top Pick," the note said. |
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