“Going into the final quarter, we reckon job flows will continue to be dominated by the private sector with contracts from factories and data centres,” HLIB Research said.
PETALING JAYA: Private sector contracts will likely continue dominating the construction sector in the fourth quarter, while job flows from the public sector will likely remain sluggish in the final three months of the year.
Maintaining its “neutral” stance on the construction sector, Hong Leong Investment Bank (HLIB) Research noted domestic contract awards during the third quarter (3Q) of 2023 saw a decline of 70% quarter-on-quarter and 72% year-on-year (y-o-y) to RM2.28bil.
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