Strong start for construction sector in 1Q

HLIB Research said it expects public infrastructure projects to drive contracts in the coming quarters.

PETALING JAYA: Analysts remain upbeat on the domestic construction industry, given the number of contracts that have been rolled out so far this year.

Hong Leong Investment Bank (HLIB) Research said in a report yesterday, that domestic contract awards to listed contractors totalled RM6.96bil in the first quarter of this year (1Q24), which was up 45% quarter-on-quarter.