Construction stocks rally on ECRL and Bandar Malaysia revival

TheStar Tue, Apr 23, 2019 07:30am - 4 years View Original






Counters surge: Construction stocks were actively traded with some counters including Iskandar Waterfront City Bhd and Ekovest Bhd hitting limit-up yesterday. — AP

Counters surge: Construction stocks were actively traded with some counters including Iskandar Waterfront City Bhd and Ekovest Bhd hitting limit-up yesterday. — AP

PETALING JAYA: The revival of the multi-billion-ringgit Bandar Malaysia project has brought back interest in the construction sector, but some reckon the potential beneficiaries are likely to be limited.

CIMB Research estimated the potential construction works value at between RM5bil and RM6bil based on the earlier estimated RM50bil to RM60bil gross development value assumption.

“The construction of 10,000 affordable homes and prioritising local content in the construction phase will enhance job flows over a period of time.

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