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Construction Sector Earnings Update 2016 by Sofian Robakin is a document available to read on EtoBox.

What is Construction Sector Earnings Update 2016 about?

Aggregate sector core net profit fell 14% yoy and 7% qoq in 2Q16 as newly secured projects did not significantly contribute to bottom lines. However, construction companies saw strong new infrastructure contract procurement in the first eight months of 2016, which is expected to spur 15% yoy earnings growth in 2017 as order books are at record highs. The report maintains an Overweight rating on the construction sector, with top picks as WCT, Sunway Construction, Gamuda and AQRS.

Author

Sofian Robakin

Language

EN