PETALING JAYA: The construction sector continues to face multiple headwinds due to Covid-19 with contract roll-outs muted in tandem with the slower-than-expected economic recovery.
The government’s announcement that the Mass Rapid Transit Line 3 (MRT3) project will begin work during the second half of the year, has injected some optimism and improved trading sentiment on construction stocks.
Underpinned by the country’s vaccination efforts, analysts said this will eventually “prime the sector for a re-opening play”.
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