KUALA LUMPUR: Job awards momentum in the construction sector is expected to pick up again in second half of 2017 and into 2018, according to Maybank Investment Bank Research.

The research house said earnings delivery of construction players with robust orderbooks would be in the limelight as major infrastructure project progress accelerates.

“Our sector top ‘buy’ pick is IJM Corp as a direct proxy to growing Chinese investments in Kuantan through MCKIP and Kuantan Port.

“Sunway Construction is our mid-cap pick as the only pure major construction stock with strong earnings visibility and potential for higher orderbook replenishment,” Maybank said, adding that it was “positive” on the construction sector.

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