♦ Construction stocks to outperform. We are upbeat on construction stocks as we believe they will continue to generally outperform the market from 4Q2010, buoyed by news flow from: (1) The infrastructure development for the Greater KL National Key Economic Area (NKEA) under the Economic Transformation Programme (ETP), particularly, the RM36bn MRT project; and (2) The RM7bn Ampang and Kelana Jaya LRT line extension project.
Construction Sector Update : Continues To Ride On News Flow - 04/10/2010
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