PETALING JAYA: The construction of a fully-automated precast plant in Singapore is positive for Sunway Construction Group (SunCon) as it will allow the group to maintain its precast margins amid rising labour costs.
Maybank IB Research, which is maintaining a “hold” on the stock with a target price of RM2.30, said a fully automated precast plant would allow SCG to reduce its reliance on foreign workers while improving productivity.
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