CIMB Research cautious on construction after rail jobs cancelled


CIMB Group is the fifth largest banking group in Asean (by assets), with an extensive regional footprint and a commendable universal-banking franchise.

PETALING JAYA: CIMB Equities Research remains cautious on the construction sector after over RM100bil worth of upcoming rail projects were cancelled over the past three days.

The projects which have been axed are the High Speed Rail (HSR) and the MRT 3.

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