Building materials firms to lead construction recovery
Analysts believe building materials companies remain attractive as infrastructure spending pick up amid gradual reopening of economies
Claudia 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.
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