PETALING JAYA: Prospects for the construction sector in the first half of this year seem lacklustre amidst the second round of the movement control order (MCO 2.0) and project cancellations.
CGS-CIMB Research said its assessment of the sector outlook for the first half of 2021 fails to excite.
“Developments from end-2020, such as the termination of the Kuala Lumpur-Singapore High Speed Rail (HSR) bilateral agreement, the MCO 2.0 and the declaration of a state of emergency (likely till August), have dampened our earlier positive expectations of a catalyst-driven first half.
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