Indonesian workers pouring concrete at a construction site in Kuala Lumpur. - Reuters
KUALA LUMPUR: Despite the fallout from Bandar Malaysia and the implications for China-driven contracts, CIMB Research remains optimistic about the job awards from the RM50bil East Coast Rail Line (ECRL) and the RM9bil Gemas-Johor Baru double-tracking project that are long overdue.
The research house said other China-backed jobs were intact and retained its “overweight” on the construction sector.
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