Syarikat Prasarana Negara Bhd's announcement that it is budgeting between RM6 and RM7 billion to extend the light rail transit (LRT) lines in operation should stir interest in construction companies.
Scomi Group and the YTL Group are reported to be eyeing part of the mechanical and electrical works. As for the civil works, they include UEM BUILDERS BHD [], IJM Corp Bhd, MALAYSIAN RESOURCES CORP [] Bhd, YTL and Loh & Loh Construction Bhd.
Stocks to watch: - Construction stocks, GCorp, LCL, AirAsia
Monday, September 14, 2009
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