KUALA LUMPUR: Affin Hwang Capital Research has upgraded the construction sector from Neutral to Overweight as Malaysia Rail Link Sdn Bhd (MRL) will call for tenders for the RM44bil East Coast Rail Link (ECRL) project civil works in 4Q19.
It said on Wednesday more infrastructure projects are likely to be revived. It expects infrastructure spending to accelerate in 2020 to support GDP growth.
Already a subscriber? Log in.
Save 30% for ads-free and full access now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
