Economic advantage: The new “build-and-finance” model for MRT3 gives an upper hand to foreign contractors with strong financial backing from their governments, such as the Chinese and Japanese.
PETALING JAYA: The higher risk premium brought along by the “build and finance” model and the impending general election is weighing on the share price of construction stocks.
AmInvestment Bank Research, although maintaining an “overweight” stance on such stocks, believe that these factors contributed to the risk premium.
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