Construction expected to pick up from third quarter

TheStar Wed, Jul 22, 2020 11:00am - 3 years View Original


Valuation wise, it noted that current valuations already price in the near-term recovery. The revival of the Klang Valley Mass Rapid Transit 3 (KVMRT 3) and the Kuala Lumpur-Singapore High Speed Rail are key catalysts for the sector.

PETALING JAYA: Construction players are expected to see a rebound in earnings from this month, driven by a pick-up in activities.

However, analysts reckon that these improvement in earnings are already reflected in the share prices of construction counters, thanks to the recent rally.

Recall that many construction sites had to stop work when the government imposed the movement control order (MCO) on March 18, as part of efforts to curb the Covid-19 infections.

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