Construction companies’ earnings forecast stays

TheStar Tue, Apr 28, 2020 09:10am - 3 years View Original


The Bursa Malaysia Construction Index has risen almost 16% over the last four weeks.(File pic MRT 2 construction)

PETALING JAYA: Affin Hwang Capital Research expects construction work at certain key projects, including the Klang Valley MRT Line 2 (MRT2) and light rail transit line 3 (LRT3), to resume as early as next week. The research house also says some building projects have been approved to resume work next week.

However, it will not be back to full force yet, as there will be restricted working hours at these sites as set by the Ministry of International Trade and Industry (Miti).

Affin Hwang said the restrictions include minimal workers on site – limited to 50% of the usual requirement – and restricted working hours from 8am to 5.30pm five days a week.

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