Engineering & Construction Sector (OVERWEIGHT)
Contracts To Flow From Extended Infrastructure Cycle
Sector Update
The extended infrastructure cycle is likely to keep construction contracts flowing. Together with various affordable housing projects and several high-profile developments, this would keep local contractors busy in the coming years. Therefore, we reiterate our OVERWEIGHT stance on the sector. Our Top Pick for the sector is Gamuda for large-cap counters, while our preferred small-cap pick is Gadang.
Success in Stock Market through Value Investment
Friday 16 December 2016
Stock pick
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