In a research note yesterday, it said the call was based on the strong momentum of contract flows to be sustained over the next one or two years, driven by several mega rail jobs such as the East Coast Rail Line (ECRL), Mass Rapid Transit Line 3 (MRT3) and Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR).
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) has maintained its “overweight” call on the construction sector following an increase in the total number of contracts awarded, especially in the rail section.
In a research note yesterday, it said the call was based on the strong momentum of contract flows to be sustained over the next one or two years, driven by several mega rail jobs such as the East Coast Rail Line (ECRL), Mass Rapid Transit Line 3 (MRT3) and Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR).
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