Optimistic outlook for construction sector


UOBKH Research believes that the sector outlook in 2024 is promising due to multiple catalysts.

PETALING JAYA: The near-term outlook for the construction sector remains resilient, underpinned by the imminent ramp-up of progress billing, coupled with a gradual margin recovery.

This optimism is further supported by improved contract flows from both the public and private sectors, according to UOB Kay Hian (UOBKH) Research.

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