Cool. Steady movement at 95 cents there today. Thought will have some profit-taking activity this Friday for CNY celebration. Happy CNY and holiday everyone!
Wobble political situation due to imminent state election at Selangor, Penang and Negeri Sembilan, Kedah, Kelantan and Terengganu. Looks like OCR will hang around there for a while I guess
Government policy uncertainties in the implementation of public projects will continue to dampen sentiment on the construction sector, said Affin Hwang Capital.
"However, it is positive to note that the government has preserved the sanctity of contracts and will continue with ongoing projects such as the East Coast Rail Link (ECRL).
Invest it with patience and sure will get a good return from this company. I'm confident that the construction boom will resume once the political uproar is subsided
Despite near-term challenges in certain construction sectors, medium to long term growth story in Malaysia remains intact. The construction industry in Malaysia is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 5.9% during 2022-2026. The construction output in the country is expected to reach MYR 228,680.8 million by 2026.
The Department of Statistics Malaysia (DOSM) says the value of construction work done in the third quarter of 2022 (3Q2022) surged 23.2% compared to the previous corresponding quarter’s RM30.5 billion.
The expansion was driven by the non-residential building (37.7%), special trades (32.2%), residential buildings (17.8%) and civil engineering (14.6%) subsectors.
CGS-CIMB Research said that diversified contractors that participated in 15th Annual Malaysia Corporate Day (MCD 2023) are generally more optimistic about the sector outlook in 2023 compared to 2022.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
YT8170C
108 posts
Posted by YT8170C > 2023-01-20 13:54 | Report Abuse
potential for OCR is huge, upside is too big to ignore..