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Top Calls
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Sector Update -
Construction (OVERWEIGHT, maintain)
Chinese investment boon We remain Overweight on the Malaysian Construction Sector given the positive outlook on contract awards in 2H17. But we have moderated our bullish stance following the downgrade of IJM Corp, Suncon and MRCB to HOLD in May. This follows the run up in share prices narrowing the potential upside to our target prices. Contract awards should accelerate in 2H17 with major packages for LRT Line 3 to roll out. Our top BUYs are Gamuda, WCT and HSS.
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Other Calls
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