Kenanga Research remains “overweight” on the sector, despite the slight sequential deterioration in earnings delivered in 2Q23.
PETALING JAYA: Analysts remain positive on the construction sector, with expectations that there will be higher job rollouts and improving billings in the months ahead, backed by an ample labour force.
Construction companies’ second-quarter (2Q23) financial performance came in below expectations, despite the value of construction work rising by some 8.1% year-on-year (y-o-y) to RM32.4bil.
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