Stop work order hiccup for construction sector


CGS-CIMB expects sector-wide share price performance to remain weak in the medium term due to the MCO-led overhangs and the ongoing national recovery programme.

KUALA LUMPUR: The anticipation of a recovery in the construction sector for the second half of this year has been dragged down by phase one of the National Recovery Plan (NRP) as well as the delay in the rollout of new mega contracts including the Mass Rapid Transit 3 (MRT 3).

Following the issuance of a stop work order on all construction works in Selangor and Kuala Lumpur last week, contractors are expected to face immediate earnings risks from the negative impact on progress billings.

Save 30% and win Bosch appliances! More Info

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!
stop work , order , construction , recovery , MRT 3 , MRT 2 ,

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In