UOB Kay Hian Research sees contractors’ earnings picking up


The Penang Transport Master Plan: Penang government website

KUALA LUMPUR: UOB Kay Hian Malaysia Research expects contractors’ earnings to pick up gradually from mid-3Q20 onwards from the low base in 1H20 following the prolonged Movement Control Order (MCO) which began on March 18.

It said on Wednesday the MCO ruling has resulted in contractors reporting lower earnings (YoY) in 2020 amid the absence of construction activities.

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