No mega projects, no problem

CONSTRUCTION stocks saw early morning dips on Monday this week as the government refrained from announcing new mega infrastructure projects in Budget 2025, with even well-known players such as IJM Corp Bhd, Gamuda Bhd and Malaysian Resources Corp Bhd (MRCB) being affected.

Thankfully, though, most of these counters recovered as the week went on and sentiment improved despite the initial concerns, as industry observers are also keeping their optimism intact.