AmInvestment keeps 'underweight' on Cahya Mata Sarawak amid cautious sector outlook


KUALA LUMPUR: AmInvestment Bank research is keeping its underweight call on Cahya Mata Sarawak Bhd, even as its operations contiue to normalise post-movement control order.

The research house said that while Sarawak could support the construction sector with the RM11bil state reserves-fuelled infrastructure projects comprising the Coastal Road, Second Trunk Road and 11 mega bridges, the rollout of work packages seems to have hit a snag.

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