All eyes are on the construction sector as it is expected to be a big beneficiary of the 11th Malaysia Plan (11MP) that will be tabled tomorrow.
Analysts expect the Government to continue to spend on high-impact construction work, particularly rail projects, that will boost the country’s economic growth from 2016 to 2020. The mass rapid transit line two (MRT 2) and light rail transit line three (LRT 3), totalling RM34bil, are expected be rolled out in the next two years.
Affordable housing, highways and oil and gas facilities as well as water and sewerage infrastructure would be part of the plan, analysts are predicting.
As a result, analysts are becoming more bullish on the prospects of construction players. Besides big boys like Gamuda Bhd and IJM Corp Bhd, analysts anticipate mid and small-cap construction players to also benefit.
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Analysts expect the Government to continue to spend on high-impact construction work, particularly rail projects, that will boost the country’s economic growth from 2016 to 2020. The mass rapid transit line two (MRT 2) and light rail transit line three (LRT 3), totalling RM34bil, are expected be rolled out in the next two years.
Affordable housing, highways and oil and gas facilities as well as water and sewerage infrastructure would be part of the plan, analysts are predicting.
As a result, analysts are becoming more bullish on the prospects of construction players. Besides big boys like Gamuda Bhd and IJM Corp Bhd, analysts anticipate mid and small-cap construction players to also benefit.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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