Daily Market Report (16 Oct 2019)
- With Budget 2020 done and dusted, we would expect the construction sector to see more activities moving forward. Already we saw Advancecon, Crest Builder, Econpile and Pintaras have had added new contracts into their orderbook of late.
- Activities are also anticipated to heighten in Sabah and Sarawak along the Pan Borneo Expressway after a relatively subdued performance since its inception in 2017.
- Most importantly, Consortium Zenith had also inked the RM6.3bn infrastructure project in Penang which is anticipated to commence on 31st October and we foresee companies namely Vertice and Vizione to play a large part in it.
- For this, we reckon it is time to re-look at the smallish construction players to ride on another construction play soon.
