PETALING JAYA: Piling and foundation based Pintaras Jaya Bhd
is well positioned to benefit from the pick up in Singapore’s construction sector, according to RHB Research.
The Singapore Building and Construction Authority has projected construction demand to range between S$25bil and $32bil (RM78.1bil and RM99.97bil) from 2023-2026 back to the pre-pandemic levels.
RHB Research said Pintaras would be supported by the strong pipeline of public housing projects, as well as healthcare development and infrastructure work, including the Cross Island mass rapid transit line, for which Pintaras has had previous experience.
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