Malaysia - Infra Projects, Building Materials etc

[winston]

Buoyant outlook for building sector

RHB Research is maintaining its “overweight” call on the construction sector, highlighting resilient earnings and robust job flows, particularly from data centre (DC) developments and water infrastructure, alongside other infrastructure projects.

The research house sees contractors continuing to book better progress billings, having recorded a total work value of RM42bil in the final quarter of 2024 – the highest on record.

Source: The Star

https://www.thestar.com.my/business/bus ... ing-sector

[winston]

Construction – Malaysia Pouring In Concrete And Steel

While the broad market remains under pressure due to unprecedented global economic headwinds, the Malaysian construction sector resisted these tensions with a stellar outperformance in 1H25.

Large-cap stocks within the sector are gaining ground, supported by robust orderbook replenishment and earnings delivery.

Maintain OVERWEIGHT as the sector upcycle will be well supported by selective infrastructure and DC projects.

Our top picks are still Gamuda, IJM and Kerjaya.

Source: UOBKH

https://research.uobkayhian.com/content ... e=hs_email