Time to accumulate construction stocks

KUALA LUMPUR: With Budget 2021 and the 12th Malaysian Plan around the corner, the time may be ripe to accumulate construction counters, says Kenanga Investment Bank Research.

"We think the sector’s appeal to investors will gradually increase as we approach Budget-2021 (on 6th Nov 2020) and 12th Malaysian Plan (Jan 2021) in anticipation of the potential roll-out of mega infrastructure projects namely MRT3, Pan Borneo Sabah, Sabah Sarawak Link Road and potentially HSR.

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