Counters surge: Construction stocks were actively traded with some counters including Iskandar Waterfront City Bhd and Ekovest Bhd hitting limit-up yesterday. — AP
PETALING JAYA: The revival of the multi-billion-ringgit Bandar Malaysia project has brought back interest in the construction sector, but some reckon the potential beneficiaries are likely to be limited.
CIMB Research estimated the potential construction works value at between RM5bil and RM6bil based on the earlier estimated RM50bil to RM60bil gross development value assumption.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
