KUALA LUMPUR: Investors are likely to react positively to Transport Minister Datuk Seri Wee Ka Siong's weekend statement that the government will be moving ahead with the Mass Rapid Transit 3 project.
AmInvestment Bank Research, which upgraded its weighting on the construction sector to "neutral" from "underweight", raised its benchmark forward price-earnings for large- and mid-cap contracted to 14x from 12x, and for small-cap contractors to 9x from 8x.
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