2015 poised to be another busy year for contractors



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KUALA LUMPUR (Jan 5): RHB Research has maintained its “Overweight” rating on the construction sector based on the continued strong momentum of a long list of mega public infrastructure projects, particularly the RM73 billion Klang Valley Mass Rapid Transit (MRT).

In a note Monday, the research house said its top themes and corresponding stock picks were the Klang Valley MRT (Gamuda Bhd and Kimlun Corporation Bhd), Pan-Borneo Highway (Naim Holdings Bhd) and piling (Pintaras Jaya Bhd).

“We believe the current strong momentum of activities should be sustained, backed by a long list of ongoing and shovel-ready mega public infrastructure projects like the RM73 billion Klang Valley MRT (comprising MRT 1, MRT 2 and MRT 3), the Refinery and Petrochemical Integrated Development (RAPID) (RM89 billion), Pan-Borneo Highway (RM27 billion), Penang Transport Master Plan (RM27 billion), West Coast Expressway (RM5 billion) and East Klang Valley Expressway (RM1.55 billion),”it said.