Bursa Malaysia Stock Watch
Buy construction stocks: HwangDBS
kltrader
Publish date: Fri, 03 Sep 2010, 12:06 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Investors should buy Malaysian builders such as MMC Corp, Gamuda Bhd and Malaysian Resources Corp as construction earnings are at an inflection point with greater visibility, HwangDBS Vickers Research Sdn Bhd said.
A proposed mass rapid transit, if approved by the government, will transform the local construction landscape, HwangDBS said in a report today.
MMC rose to a 25-month high, leading Malaysian builders higher. Shares of MMC gained 2.5 per cent to RM2.84 at 9:44 am local time in Kuala Lumpur, set for its highest level since July 30, 2008.
Malaysian Resources Corp added 3.4 per cent to RM1.82. WCT Bhd climbed 0.7 per cent to RM2.85. -- Bloomberg
A proposed mass rapid transit, if approved by the government, will transform the local construction landscape, HwangDBS said in a report today.
MMC rose to a 25-month high, leading Malaysian builders higher. Shares of MMC gained 2.5 per cent to RM2.84 at 9:44 am local time in Kuala Lumpur, set for its highest level since July 30, 2008.
Malaysian Resources Corp added 3.4 per cent to RM1.82. WCT Bhd climbed 0.7 per cent to RM2.85. -- Bloomberg
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