Healthy Construction Pipeline for 2017
Ng Sem Guan, Senio Analyst, RHB Research
06-Jan-17 09:15
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2017 is expected to keep construction players busy with with major projects like LRT3 and remaining packages from MRT2 and Pan-Borneo Highway yet to be awarded. 4Q'16 earnings is expected to remain lacklustre following kitchen-sinking exercises by counters, as they transition into the new year. RHB Reseach's top picks include Gamuda and Gadang Berhad.
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Tags: Malaysia equities, construction sector, Gamuda, Gadang, foreign labour, Employer Mandatory Commitment