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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.

Kuala lumpurNajib razakJohor baruLoong chee weiMalaysia only high speed railKuala lumpur singaporeAffin hwang capitalMalaysia economic outlookConstruction sector briefingDatuk seri najibகுவாலா லம்பூர்நஜிப் ர்யாஸக்ஜோஹோர் பாருலூங் சீ வெய்மலேசியா மட்டும் உயர் வேகம் ரயில்குவாலா லம்பூர் சிங்கப்பூர்

Malaysia s 2021 fiscal deficit could be higher at 6% of GDP than govt s forecast of 5 4%, says Affin Hwang chief economist

KUALA LUMPUR (Feb 4): Malaysia s fiscal deficit could come in higher at 6% of gross domestic product (GDP) compared to the 5.4% deficit targeted by the government for 2021, opined Affin Hwang Capital chief economist Alan Tan. Looking at the current fiscal deficit position, there could be a possibility of it being 6% of GDP, which is similar to last year s 6% GDP as well, Tan said at Affin Hwang Capital s Malaysia Economic Outlook and Construction Sector Briefing today. I have already built in that the country s fiscal deficit position would deteriorate from the targeted 5.4% of GDP as mentioned in Budget 2021, to 6% this year, he added.

Kuala lumpurMovement control orderFitch ratingsAffin hwang capitalMalaysia economic outlookConstruction sector briefingகுவாலா லம்பூர்இயக்கம் கட்டுப்பாடு ஆர்டர்ஃபிட்ச் ரேடிஂக்ஸ்ஆயின் ஹ்வ்யாஂக் மூலதனம்மலேசியா பொருளாதார ஔட்‌லுக்கட்டுமானம் துறை மாநாடு

With implementation of MCO 2 0, Malaysia s GDP growth seen to hover around 5%

With implementation of MCO 2.0, Malaysia s GDP growth seen to hover around 5% The Edge 4/2/2021 Arjuna Chandran Shankar © Provided by The Edge KUALA LUMPUR (Feb 4): Malaysia s gross domestic product (GDP) growth is expected to hover around 5% in 2021 due to the second Movement Control Order (MCO 2.0), which began on Jan 13 and is slated to end on Feb 18. At its Malaysia Economic Outlook and Construction Sector Briefing today, Affin Hwang Capital chief economist Alan Tan said the firm is looking a base case assumption of 6% GDP growth in 2021, following the low base effect of a 5% GDP contraction in 2020. Assuming if the MCO 2.0 were to drag on beyond Feb 18, the assumption would be that there would be some drag on the economy.

Kuala lumpurMovement control orderMovement controlMalaysia economic outlookConstruction sector briefingAffin hwang capitalJalan tanMovement control ordersகுவாலா லம்பூர்இயக்கம் கட்டுப்பாடு ஆர்டர்இயக்கம் கட்டுப்பாடுமலேசியா பொருளாதார ஔட்‌லுக்கட்டுமானம் துறை மாநாடுஆயின் ஹ்வ்யாஂக் மூலதனம்ஆலன் பழுப்புஇயக்கம் கட்டுப்பாடு ஆர்டர்ஸ்

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