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CONSTRUCTION SECTOR: A StarBiz report stating that the Light Rail Transit Bandar Utama-Klang Line (LRT 3) may be scaled down or shelved is a negative surprise for the sector, according to CIMB Research.
PETALING JAYA: While policy uncertainty, following the surprising outcome of the recent 14th General Election (GE14), has a negative impact on the Malaysian banking sector, the downside risk to the sector’s earnings will likely be mitigated by cost discipline and stable credit growth.
PETALING JAYA: Sunway Construction Group Bhd (Suncon) expects to secure RM1.5bil to RM2bil new contracts this year.
Three notable electronic manufacturing services (EMS) companies on Bursa Malaysia seem to be in the same predicament.
PETALING JAYA: The second quarter of 2018 is expected to be a weaker yet volatile quarter for the year, due to lacklustre trading volume or market interest, with the fast approaching 14th General Election and the Muslim fasting month falling in mid-May 2018, said Kenanga Research.
OCK’s proposed collaboration with ISOC Infrastructures Inc (ISOC) to pursue the telecom tower business in Philippines is a welcome development.