12-Dec-22 09:15

Loong Chee Wei, Senior Associate Director, AffinHwang Investment Bank

The KL Construction Index has been inching up, rising by 2% year to date, beating the performance of the KLCI which is down 6%. So far for 2022, there has been a lack of newsflow on the sector, while the largest infrastructure project MRT 3 has yet to be awarded. However, despite having a new government which would provide some stability for the sector, its strained balance sheet will provide little room for the rollout of the large mega projects. How will contractors navigate their business during this still uncertain period? For answers, we speak to Loong Chee Wei, Senior Associate Director Affin Hwang Investment Bank.

Image credit: Shutterstock