RM200b bonanza for M'sian builders draws top fund

Kuala Lumpur

WITH as much as RM200 billion (S$68.8 billion) of building jobs in play, Malaysian construction companies cannot be ignored by any investor, says Danny Wong Teck Meng.

The fund manager - whose Areca Equity Trust Fund beat 98 per cent of its peers over the past three years with a 13 per cent return - has been buying builders' stocks as the government accelerates infrastructure spending across Malaysia. The latest hotspot is Sarawak, where a RM28.9 billion, 1,796-kilometre toll-free highway linking the state and Sabah is being built as a crucial state election looms in May.