KUALA LUMPUR: OSK Research is maintaining its Overweight on the CONSTRUCTION [] sector after 17 companies or their subsidiaries and joint ventures pre-qualified to be the main contractor for the multi-billion-ringgit LRT extension projects in the Klang Valley.
The research house said on Thursday, April 29 this recent piece of news is clearly positive for sentiment in the construction sector.
“As such, we retain our OVERWEIGHT rating on construction, fuelled by more positive news flow in the coming months. Our top picks are Mudajaya and WCT,” it said.
Syarikat Prasarana Negara Bhd announced on Wednesday the list of 17 prequalified applicants for the main contractor of the LRT extension. Another 15 applicants were also prequalified for the supply of segmental box girders (SBGs).
“We expect the bidding to be intense among the prequalified contractors. An award for the Kelana Jaya line could be made as soon as June. Potential winners are Gamuda, IJM, WCT, MRCB and Mudajaya based on their track record. Maintain OVERWEIGHT on construction,” it said.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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