PETALING JAYA: Kenanga Research is keeping its “bullish” outlook for the construction sector, driven by the impending rollout of mega infrastructure and flood mitigation projects, coupled with private sector building jobs.
The research house stated that the private sector is underpinned by the recent investments in new semiconductor foundries and data centres, as well as by the strong showing of companies under its coverage for the first quarter ended March 31, 2024 (1Q24).
