HLIB Research neutral on construction, top picks are Gamuda, SunCon

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research has maintained its “neutral” call on the construction sector while its top picks are Gamuda Bhd and Sunway Construction Group Bhd.

The research house said both companies have contract win levers aside from MRT3 project that could lead to a more sustained orderbook growth phase. Both companies are poised to sustain/enter earnings upcycle even on existing orderbook.