Malaysia's building industry was raised to 'overweight' from 'neutral' at OSK Research Sdn Bhd to reflect 'positive newsflow' in the coming months, which will re-rate valuations upwards.
Top picks among construction stocks are Mudajaya Group Bhd and Sunway Holdings Bhd, Jeremy Goh, an analyst at OSK said in a report today.
Investors should also buy shares such as Gamuda Bhd and Naim Holdings Bhd, it said. -- Bloomberg
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