UOB Kay Hian noted that post the 14th General Election (GE14) that saw Pakatan Harapan (PH) taking over the Federal Government, most construction and highway-concession related stocks have tumbled significantly, besieged by concerns of potential cancellation/deferment of some mega projects, contract renegotiation of ongoing mega projects, and toll road concessionaires being compromised.
PETALING JAYA: An introduction of a more transparent public procurement system should be able to weed out rent-seekers from the system.
This will lead the way toward healthier competition within the local construction sector, said AmBank Research in a report.
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