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The construction industry’s margins are expected to improve in 2024, as older contracts with low margins tail off, and new contracts with more normalised margins start to contribute, said Kenanga Research.
KUALA LUMPUR (Jan 4): Bank Negara Malaysia (BNM) has been named the country’s top overall bond issuer in the fourth quarter of 2023 (4Q2023), according to Bond Pricing Agency Malaysia Sdn Bhd (BPAM).
Kenanga Research said banks are its solid pick for 2024 due to their potential for long-term fiscal sustainability and the benefit they could gain from various public infrastructure projects.
KUALA LUMPUR: While the expansionary Budget 2024 is seen as balanced and positive on Malaysia’s economy, most analysts are largely “neutral” about the effect on the local equity market.