Brokers' take

Small mid-cap strategy DBS Group Research, Dec 5

SINGAPORE'S construction sector has been lacklustre for the past few years, plagued by falling tender prices and margin squeeze.

However, with construction gross domestic product (GDP) falling at a lower rate, tender prices recovering and outlook improving for small- and medium-sized contractors, coupled with the recovery of the property sector, we believe this will provide support for sustainable improvement to the current construction landscape.