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NewsHighlight 2015 poised to be another busy year for contractors
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Highlight 2015 poised to be another busy year for contractors
by Cals Tue 06 Jan 2015, 02:04
Highlight
2015 poised to be another busy year for contractors
KUALA LUMPUR (Jan 5): RHB Research has maintained its “Overweight” rating on the construction sector based on the continued strong momentum of a long list of mega public infrastructure projects, particularly the RM73 billion Klang Valley Mass Rapid Transit (MRT).
In a note Monday, the research house said its top themes and corresponding stock picks were the Klang Valley MRT (Gamuda Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and Kimlun Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)), Pan-Borneo Highway (Naim Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)) and piling (Pintaras Jaya Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)).
“We believe the current strong momentum of activities should be sustained, backed by a long list of ongoing and shovel-ready mega public infrastructure projects like the RM73 billion Klang Valley MRT (comprising MRT 1, MRT 2 and MRT 3), the Refinery and Petrochemical Integrated Development (RAPID) (RM89 billion), Pan-Borneo Highway (RM27 billion), Penang Transport Master Plan (RM27 billion), West Coast Expressway (RM5 billion) and East Klang Valley Expressway (RM1.55 billion),”it said.
2015 poised to be another busy year for contractors
KUALA LUMPUR (Jan 5): RHB Research has maintained its “Overweight” rating on the construction sector based on the continued strong momentum of a long list of mega public infrastructure projects, particularly the RM73 billion Klang Valley Mass Rapid Transit (MRT).
In a note Monday, the research house said its top themes and corresponding stock picks were the Klang Valley MRT (Gamuda Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and Kimlun Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)), Pan-Borneo Highway (Naim Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)) and piling (Pintaras Jaya Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)).
“We believe the current strong momentum of activities should be sustained, backed by a long list of ongoing and shovel-ready mega public infrastructure projects like the RM73 billion Klang Valley MRT (comprising MRT 1, MRT 2 and MRT 3), the Refinery and Petrochemical Integrated Development (RAPID) (RM89 billion), Pan-Borneo Highway (RM27 billion), Penang Transport Master Plan (RM27 billion), West Coast Expressway (RM5 billion) and East Klang Valley Expressway (RM1.55 billion),”it said.
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