Sentiment on construction stocks will remain under siege, as most of the mega infrastructure projects had come to halt as a result of COVID 19 outbreak. This is because government puts priority on the measures to mitigate COVID 19 by allocating more portion of budget on medical expenses and immediate financial support to the society. However, the sentiment on construction stocks will recover once COVID 19 gets under control when the mega projects can be proceeded as usual.

According to MQ Trader criteria, KIMLUN, MCEMENT and BSTEAD are not fundamentally good companies, as their MQ Fundamental Rating is lower than 2.5. Hence, they are not suitable for long term investment.

KIMLUN

MCEMENT

BSTEAD

Among these companies, KIMLUN has the highest MQ fundamental Rating (2.5) with good company prospect, as the company has secured new jobs worth about RM 100 mil coupled with consistent order flow especially from infrastructure projects in Singapore. For MCEMENT and BSTEAD, they are still making losses for the past few quarters.

In our opinion, we will monitor the news and technical breakout of KIMLUN until there is any positive news that can cause the share price to rebound. Meanwhile, we can look for other opportunities by using the screeners in MQ trader system.

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Disclaimer

This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.

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