Construction boom seen in Sarawak


PETALING JAYA: The realisation of a few, long-anticipated major projects in Sarawak could generate massive construction works, creating unprecedented demand for building materials in the state, said Maybank Investment Bank Research (Maybank-IB).

The brokerage, which in its report on Tuesday reiterated an “overweight” call on the construction sector, said that Sarawak companies were poised for a re-rating as projects in the state shift into high gear.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Sarawak , construction , boom ,

   

Next In Business News

Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Selling pressure amid Mideast and polls anxiety
Low volatility a remedy for the extremes?
Maximising your unit trust returns
Dishing up consumer success

Others Also Read