More projects in the pipeline

Kenanga Research is maintaining its “overweight” call on the sector, and pointed out that without the HSR, the government’s fiscal purse would be less tight, thus freeing higher allocations to other high impact projects such as the Mass Rapid Transit 3 (MRT 3).

PETALING JAYA: Although the termination of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project is seen as a major setback for the construction sector, research analysts are maintaining their mixed ratings on the sector.

Kenanga Research is maintaining its “overweight” call on the sector, and pointed out that without the HSR, the government’s fiscal purse would be less tight, thus freeing higher allocations to other high impact projects such as the Mass Rapid Transit 3 (MRT 3).