Construction sector’s contract outlook still robust

Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.

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Kepong's new homes

Kepong sounds like a tired old place at the edge of Kuala Lumpur, which many would visit once in a while, lured by its variety of Chinese restaurants and food stalls — some which have been there for generations.

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