Construction Picks Up Pace with KL-SG High Speed Rail
Tushar Mohata, Vice President of Equity Research, Nomura
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The KL-SG High Speed Rail is expected to provide a further boost to the construction sector with an estimated contract size of RM 40 - 50 billion. A healthy construction pipeline for the 2H'16 will keep local players busy with more contract and award packages to be awarded from MRT, Pan Borneo, SUKE, and TRX. Stock picks include IJM Corp Bhd and Sunway Construction.
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