Maybank Investment Bank (IB) Research has a “buy” on Gamuda Bhd, IJM Corp Bhd and Lingkaran Trans Kota Holdings Bhd. (File pic shows a general view of housing/property development and construction building at Gamuda Garden, Rawang. - The Star)
PETALING JAYA: The construction sector continues to face multiple headwinds due to Covid-19 with contract roll-outs muted in tandem with the slower-than-expected economic recovery.
The government’s announcement that the Mass Rapid Transit Line 3 (MRT3) project will begin work during the second half of the year, has injected some optimism and improved trading sentiment on construction stocks.
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