Construction companies’ earnings forecast stays


The Bursa Malaysia Construction Index has risen almost 16% over the last four weeks.(File pic MRT 2 construction)

PETALING JAYA: Affin Hwang Capital Research expects construction work at certain key projects, including the Klang Valley MRT Line 2 (MRT2) and light rail transit line 3 (LRT3), to resume as early as next week. The research house also says some building projects have been approved to resume work next week.

However, it will not be back to full force yet, as there will be restricted working hours at these sites as set by the Ministry of International Trade and Industry (Miti).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Construction , companies , earnings , forecast , stays , MRT2 , LRT ,

   

Next In Business News

EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023
PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms

Others Also Read