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
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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.
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