Skip to content
MCC-property

MCC-property

Epicurean real estate

Primary Menu
  • Real Estate News
  • House for Rent
  • Construction
  • Furniture
  • Apartment
  • Building
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Construction contract flows could improve in 2022
  • Construction

Construction contract flows could improve in 2022

By Rickey Andreu 1 year ago

[ad_1]

KUALA LUMPUR: Following a muted start to the year, contract flows in the construction sector could see gradual improvement as the country enters the endemic stage of Covid-19, said Hong Leong Investment Bank (HLIB) research.

The research firm said in a note that ongoing rollouts of existing projects like the East Coast Rail Link, Pan Borneo Highway Sabah and Sarawak, Johor-Singapore Rapid Transit System and Central Spine Road could help support job flows moving forward in 2022.

These projects would help to ramp up the rollout of jobs after a slow start to the year where only RM2.2bil of domestic awards were doled out to listed contractors.

According to HLIB, the total contract value was 65% lower quarter-on-quarter and 54% less year-on-year.

“Awards were largely made up of private sector (building/township) and solar-related jobs representing 66% and 14% of awards during the quarter under review.

“The remainder were from government-related entities with the notable award being city mosque job to AZRB (9%),” said HLIB.

It noted the absence of public sector-related contracts such as water, roads, airports and public buildings during the quarter under review.

Meanwhile, HLIB added that the Rasau Package 1 project was initially scheduled for 1Q22 but has seen delays pending the grant approval.

“We also look forward to the rollout of Sarawak Metro which costs RM6bn in 2H22.

“Should things proceed smoothly, early stage awards for the MRT3 could come in late 2022,” it added.

In terms of downside risk, HLIB said there is growing concern over private sector flows due to soaring materials prices and its impact on various project rollouts.

It noted that steel bar and cement prices have risen sharply higher by about 20% and 40% respectively in 1Q22 due to inflationary pressures.

“We continue to expect sector coverage earnings to recover this year but downside risks versus our expectation is growing should recent steep costs escalation persists,” it added.

HLIB retained its “neutral” sector call with its preferred stocks being SunCon (TP: RM1.84) and Kimlun (TP: 99 sen) in the mid-cap and small-cap spaces respectively.



[ad_2]

Source link

Tags: C J Real Estate, C.F. Real Estate, C&M Real Estate, C&R Real Estate Services, D Real Estate Appraiser, D Real Estate Daily, D Real Estate Logo, D'Arcy Real Estate, D'Ettorre Real Estate, D&B Real Estate, E Real Estate Agency, E Real Estate Agents Act 2008, E Real Estate Corp, E Real Estate Depot, E Real Estate Depot Mission Tx, E Real Estate Llc, E Real Estate Logo, E Real Estate Meaning, F Real Estate Developer, F Real Estate Logo, F Real Estate Management, F Real Estate Words, F&C Real Estate Investments, F&G Real Estate, H&F Real Estate, M&D Real Estate, Real Estate Data, Real Estate Definition, Real Estate Degree, Real Estate Desoto County Ms, Real Estate Developer, Real Estate Development Consultant, Real Estate Dyer County Tn, Real Estate Dyersburg Tn, Real Estate Etf, Real Estate Exam Prep, Real Estate Exam Questions, Real Estate Express Login, Real Estate Express Reviews, Real Estate Fayette County Tn, Real Estate Florida, Real Estate For Dummies, Real Estate For Sale, Real Estate For Sale Memphis Tn, Real Estate For Sale Near Me, Real Estate For Sale Oxford Ms, Real Estate Forecast 2022, Real Estate Germantown Tn, S&D Real Estate

Continue Reading

Previous 4 Most Impactful Ways to Upgrade Your Home This Spring
Next Best Beaches In San Clemente
October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    

Archives

Recent Posts

  • Dark Wood Convex Dining Range For Your Home
  • 4 Important Furniture Items For Your Office or Home
  • Home Office Furniture Collections Can Update Your Office
  • Alternatives to Vacation Homes
  • Blending Styles: Contemporary Decor and Mid-Century Modern Furniture

BL

Tags

C&M Real Estate C&R Real Estate Services C.F. Real Estate C J Real Estate D&B Real Estate D'Arcy Real Estate D'Ettorre Real Estate D Real Estate Appraiser D Real Estate Daily D Real Estate Logo E Real Estate Agency E Real Estate Agents Act 2008 E Real Estate Corp E Real Estate Depot E Real Estate Depot Mission Tx E Real Estate Llc E Real Estate Logo E Real Estate Meaning F&C Real Estate Investments F&G Real Estate F Real Estate Developer F Real Estate Logo F Real Estate Management F Real Estate Words H&F Real Estate M&D Real Estate Real Estate Data Real Estate Definition Real Estate Degree Real Estate Desoto County Ms Real Estate Developer Real Estate Development Consultant Real Estate Dyer County Tn Real Estate Dyersburg Tn Real Estate Etf Real Estate Exam Prep Real Estate Exam Questions Real Estate Express Login Real Estate Express Reviews Real Estate Fayette County Tn Real Estate Florida Real Estate For Dummies Real Estate For Sale Real Estate For Sale Memphis Tn Real Estate For Sale Near Me
mendocinocoastproperty.com | Magazine 7 by AF themes.

WhatsApp us