“Gamuda and Sunway Construction could emerge as early winners given their key roles in executing previous large-scale public projects, in our view. However, this will be highly dependent on the government’s finances, especially after the various fiscal injections to combat the economic impact of the pandemic,” UOB Kay Hian said.
PETALING JAYA: Market laggards, namely players within the property, construction and building material sectors are set to experience a gradual recovery, in tandem with the positive economic growth slated for this year.
Following a year that has seen businesses being ravaged by the global Covid-19 pandemic, 2021 has kicked off with pent-up demand for properties, an effective vaccine rollout program and low interest rates.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
