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Building and construction stocks surge in anticipation of recovery

Shares of EnGro, PanU hit 52-week high; investors will want to watch metrics such as price-to-book, gearing ratios

Published Fri, Apr 9, 2021 · 05:50 AM

Singapore

THE local construction industry is still reeling from the aftermath of Covid-induced lockdowns last year. But investors have already begun to look forward to an earnings recovery on the back of a rebound in demand - both locally and abroad.

This past week, shares of building materials provider EnGro Corporation and ready-mixed concrete (RMC) supplier Pan-United Corporation (PanU) hit new 52-week highs.