Construction sector poser ahead of budget

Sector catalysts include a faster-than-expected rollout of Mass Rapid Transit 3 (MRT3) and a potential bump-up in development expenditure allocation in 2024 and 2025 by the government, said RHB Research.

PETALING JAYA: Analysts have a “neutral” call on the construction sector ahead of the upcoming revised Budget 2023.

Sector catalysts include a faster-than-expected rollout of Mass Rapid Transit 3 (MRT3) and a potential bump-up in development expenditure (DE) allocation in 2024 and 2025 by the government in order to meet the RM400bil planned DE under the 12th Malaysia Plan (12MP), said RHB Research.