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Foreign business news in brief including from Shanghai that China's third largest listed power company plans to raise up to US$4.8bil in a Wall Street share sale, the official I>Shanghai Securities News /I>reported yesterday, as the country seeks massive investment to alleviate a power crunch.
SO what are the stocks in the construction sector that are ranked among the favourites of analysts and fund managers alike?
ALTHOUGH the deferment of the RM14.5bil electrified double-tracking railway project in mid-December may have dampened sentiment in the construction sector, the investment community sees priority and essential projects, albeit on a smaller scale, helping to drive the sector.
THE local stock market appears to be finally playing catch-up with its regional peers which had chalked up substantially higher gains last year. Some analysts in fact expect the KL market to turn from a laggard to a high-flying performer this year.
THE KLSE Composite Index (CI) made a strong 17.6-point surge yesterday to close above 845 points on an optimistic remark by a deputy minister that Malaysia had posted a stronger-than-expected gross domestic product (GDP) growth last year.
FUND managers still see the local bourse as the market to invest in, irrespective of whether American pension fund giant California Public Employees' Retirement System (CalPERS) decides to, or not to, include Malaysia in its list of emerging market investments.