THE government's intention to be cautious on development expenditure may have resulted in a rather gloomy outlook for certain construction firms that have shown signs of slowing down in replenishing their order books.
Investment analysts are recommending clients to switch to companies that have “locked-in” projects amid concerns that more public projects may be put on hold, following the recent deferment of the RM14bil double-track project, awarded to the MMC-Gamuda consortium.
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