Construction to benefit from improving demand & shorter cash cycles this year: CIMB
Michelle Zhu • • 3 min read
SINGAPORE (Apr 10): CIMB is maintaining “overweight” on Singapore’s construction sector while remaining upbeat on its outlook for 2018.
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SINGAPORE (Apr 10): CIMB is maintaining “overweight” on Singapore’s construction sector while remaining upbeat on its outlook for 2018.
In particular, the research house prefers specialist civil engineering firms that have established track records for their niche expertise – including its preferred sector pick Yongnam Holdings, which has been rated “add” with a target price of 57 cents.
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