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Another stocks rally in the works - construction, boosted by LRT3


As at 5pm yesterday, numerous construction companies were among the top gainers on Bursa Malaysia with several counters chalking up all-time highs.  George Kent (M) Bhd, which is one of the project delivery partners (PDPs) for the LRT3, closed at a new high of RM4.37, or a 19-sen increase from Tuesday. The other PDP, Malaysian Resources Corp Bhd, rose three sen to close at RM1.78, which is close to a three-year high.

As at 5pm yesterday, numerous construction companies were among the top gainers on Bursa Malaysia with several counters chalking up all-time highs. George Kent (M) Bhd, which is one of the project delivery partners (PDPs) for the LRT3, closed at a new high of RM4.37, or a 19-sen increase from Tuesday. The other PDP, Malaysian Resources Corp Bhd, rose three sen to close at RM1.78, which is close to a three-year high.

PETALING JAYA: Construction stocks rallied again yesterday in anticipation of the first round of Light Rail Transit 3 (LRT3) contracts, which are being awarded in stages beginning this month, say observers.

As at 5pm yesterday, numerous construction companies were among the top gainers on Bursa Malaysia with several counters chalking up all-time highs.

Construction , Construction stocks , LRT3

   

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