KUALA LUMPUR: Investors are likely to react positively to Transport Minister Datuk Seri Wee Ka Siong's weekend statement that the government will be moving ahead with the Mass Rapid Transit 3 project.
AmInvestment Bank Research, which upgraded its weighting on the construction sector to "neutral" from "underweight", raised its benchmark forward price-earnings for large- and mid-cap contracted to 14x from 12x, and for small-cap contractors to 9x from 8x.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
