KUALA LUMPUR: There is expected to be a slow recovery for the Malaysian construction sector post-movement control order although the companies are in a better financial position to weather the cyclical downturn as compared to in previous crises.
According to Affin Hwang Capital research, which has an underweight call on the sector, the MCO will impact construction and property development progress billings, traffic volume for toll highway concessions and property sales as shows galleries are closed.
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