Improved investors’ risk appetite. We are turning a little more upbeat on the sector in 2Q2010, prompted largely by investors’ improving risk appetite for construction stocks following: (1) The massive underperformance of the sector vis-à-vis the market in 4Q2009 and 1Q2010; and (2) A better sector news flow and new expectations leading up to the announcement of the 10th Malaysia Plan (10MP) in June 2010.
Construction : Investors’ Risk Appetite To Improve - 26/03/2010
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