Bullish outlook for construction sector on job flows

MIDF Research reiterated its “positive” stance on the construction sector.

PETALING JAYA: The construction sector is expected to see a pick-up in job flows in the second half of this year (2H24), driven by infrastructure projects like the Penang light rail transit (LRT) and Mass Rapid Transit 3 (MRT3) in the Klang Valley.

Coupled with the strong demand for industrial buildings such as warehouses, data centres and semiconductor plants, the operating environment will likely remain favourable for the sector in Malaysia in the near term, leading to a bullish outlook.