RHB maintained an 'overweight' momentum on the construction sector, with Gamuda Bhd (target price: RM7), Kerjaya Prospek Group Bhd (target price: RM3.45), and Sunway Construction Group Bhd (target price: RM7.32) being its top picks to buy.
Construction outfit Crest Builder Holdings Bhd (KL:CRESBLD) has bagged a RM73.9 million subcontract from HAB Construction Sdn Bhd to undertake electrical and extra low-voltage system installation and maintenance works for the CloutHaus mixed-use development in Section 58, Jalan P Ramlee here.
The development is predicted to generate more than RM9 billion in economic growth and create up to 60,000 jobs persistently.
This follows Sarawak Metro Sdn Bhd's award of contract to Linde EOX Sdn Bhd for the relocation of Sarawak Energy Bhd’s hydrogen production plant and refuelling station.
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