Equity Analysis /
Malaysia

MY : Construction - The building blocks of sustainability

    Sharizan Rosely
    Sharizan Rosely

    Construction and Infrastructure

    CGS-CIMB
    25 March 2022
    Published by

    Malaysia’s construction space enters the transformation phase in 2022 with sustainability initiatives, which could be an alternative recovery angle. We see a shift towards climate action and sustainable mega projects; RM31bn MRT 3 has been reactivated as part of “green growth” agenda. Water, flood mitigation and transport projects are key potential beneficiaries of this theme, which bodes well for Gamuda, IJM Corp and HSS Engineers. Neutral sector rating unchanged. Execution and funding are key risks.