Cautious view on construction

Rail project: The entrance of ECRL project site in Bentong, Pahang. CIMB Equities Research says it will be cautiously positive on the impact on local contractors if the ECRL is allowed to proceed this year.

PETALING JAYA: CIMB Equities Research is underweight on the construction sector, following uncertainties over the East Coast Rail Link (ECRL).

The research unit said it would be cautiously positive on the impact on local contractors if the ECRL is allowed to proceed this year.