Malaysia-only HSR line would have similar earnings impact on local construction firms — Affin Hwang

Malaysia-only HSR line would have similar earnings impact on local construction firms — Affin Hwang
The Edge
4/2/2021
Arjuna Chandran Shankar
© Provided by The Edge
KUALA LUMPUR (Feb 4): The implementation of a Malaysia-only High Speed Rail (HSR) line would have a similar impact on earnings for the Malaysian construction sector as the now-cancelled Kuala Lumpur-Singapore HSR line.
During a question-and-answer session (Q&A) session at Affin Hwang Capital’s Malaysia Economic Outlook and Construction Sector Briefing today, senior associate director Loong Chee Wei opined that close to 90% of the infrastructure work for the original HSR alignment is in Malaysia.
“If they proceed with just the Malaysian portion, the infrastructure spending would be quite large and benefit major contractors in Malaysia. Indications are that it is close to RM30 to RM40 billion on just the construction cost alone,” Loong said.

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