Construction Counters Keeping Busy in 2017
Loong Chee Wei, Senior Associate Director, Affin Hwang Capital
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With the conclusion of 3Q'16, most construction counters posted lower earnings as they saw their results weighed down by higher tax liabilities and forex losses. However, the sector is buoyed by a better construction pipeline in 2017, with upcoming mega-projects announced like the ECRL which will keep players busy. Affin Hwang Capital's top picks include Sunway Construction, WCT, Gamuda and Gabungan AQRS.
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