CIMB: Revival likely of water infra theme

Pipe replacement jobs: Engtex is said to be one of the major non-rated water pipe manufacturers that is likely to benefit strongly from the new NRW masterplan.

KUALA LUMPUR: CIMB Research sees high possibility of a revival of water infra theme this year while water contracts could be revived from this year.

“Water infra is one of the three segments that we are positive about in 2016. A revival of this theme looks more likely this year,” the research house said.