The building blocks of sustainability
? 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.