Valuation wise, it noted that current valuations already price in the near-term recovery. The revival of the Klang Valley Mass Rapid Transit 3 (KVMRT 3) and the Kuala Lumpur-Singapore High Speed Rail are key catalysts for the sector.
PETALING JAYA: Construction players are expected to see a rebound in earnings from this month, driven by a pick-up in activities.
However, analysts reckon that these improvement in earnings are already reflected in the share prices of construction counters, thanks to the recent rally.
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