Re: Malaysia - Infrastructure Projects & Building Materials
Posted: Tue Apr 16, 2019 9:42 am
Optimism for the sector
We expect the ECRL revival to be positive on the sector.
Tun Daim was quoted as saying that 40% of the sub-contractors would be Malaysians (link); this implies MYR17.6b of works vs. e.MYR10b under the previous structure (1 of 8 main packages).
We await more details from the press conference on 15 Apr.
Contractors with experience in rail development such as Gamuda, IJM, Sunway Construction, WCT are potential beneficiaries of the civil engineering works.
From a construction materials perspective, Lafarge could benefit from the supply of cement
whilst Kimlun could benefit from supplying the precast components.
Source: Kim Eng
https://factsetpdf.maybank-ke.com/PDF/1 ... 7ac293.pdf
We expect the ECRL revival to be positive on the sector.
Tun Daim was quoted as saying that 40% of the sub-contractors would be Malaysians (link); this implies MYR17.6b of works vs. e.MYR10b under the previous structure (1 of 8 main packages).
We await more details from the press conference on 15 Apr.
Contractors with experience in rail development such as Gamuda, IJM, Sunway Construction, WCT are potential beneficiaries of the civil engineering works.
From a construction materials perspective, Lafarge could benefit from the supply of cement
whilst Kimlun could benefit from supplying the precast components.
Source: Kim Eng
https://factsetpdf.maybank-ke.com/PDF/1 ... 7ac293.pdf