PETALING JAYA: Analysts remain upbeat on the domestic construction industry, given the number of contracts that have been rolled out so far this year.
Hong Leong Investment Bank (HLIB) Research said in a report yesterday, that domestic contract awards to listed contractors totalled RM6.96bil in the first quarter of this year (1Q24), which was up 45% quarter-on-quarter.
“Contracts during the quarter were off to a strong start, driven by private-sector jobs as public contracts contributed 15% of 1Q24 contract flows.
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