Construction industry margins to improve this year

Kenanga Research expects a fresh wave of public infrastructure projects to finally hit the market in 2024.

PETALING JAYA: The construction industry’s margins are expected to improve in 2024 as older contracts with low margins tail off and new contracts with more normalised margins start to contribute, says Kenanga Research.

In a note yesterday, the research house said the industry is poised for margin recovery as newly secured contracts reflect cost inflation.

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