The research house remains negative on the construction sector due to the deterioration in cash flow along the entire value chain.
The construction cost for the ECRL project has been reduced by RM21.5 billion to RM44 billion from the earlier RM65.5 billion.
The research house remained negative on the construction sector due to the deterioration in cash flow along the entire value chain.Ambank Research said some of these debts have escalated to defaults and contract disputes. “It is uncertain at this point what will be the extent of the local participation in the project ,” Ambank Research said in a research note released today.
It also said that although the revival of the ECRL is positive to both the construction and building material sectors, it is no game-changer to these industries.
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