KUALA LUMPUR: AmInvestment Bank Research remains pessimistic over the earnings outlook of the local construction sector as it believes the government will be unlikely to roll out new public infrastructure projects over the short term.
The research house, which has an underweight call on the sector, said the tabling of the 12th Malaysia Plan in March, which will earmark mega public infrastructure projects to be implemented in 2021 to 2025, will be a non-event.
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