Building materials firms to lead construction recovery
Analysts believe building materials companies remain attractive as infrastructure spending pick up amid gradual reopening of economies
Add BT as a preferred sourceClaudia Tan HS
Singapore
BUILDING materials companies will lead the construction sector's recovery on the back of accelerated infrastructure spending as economies gradually reopen, according to market watchers. This comes as the construction sector is expected to take a hard hit from the Covid-19 outbreak in the face of labour constraints and supply chain disruptions.
According to forecasts by Fitch Solutions, Singapore's construction sector will contract sharply by 10.3 per cent this year in real terms.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
