KUALA LUMPUR: Affin Hwang Capital Research remains Overweight on construction and its top buys are AQRS, Gamuda, Sunway Construction and Pintaras.
It said on Monday public-sector civil works done by contractors are picking up, growing 3.4% year-on-year (yoy) to RM16.6bil in 3Q19. However, the LRT3 project works only resumed in 2H19 for some of the subcontractors.
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!