Singapore contractors tipped to outperform on $30b–$40b demand: UOB
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UOB Kay Hian forecasts that Singapore's construction sector will outperform due to strong demand, with annual construction demand averaging $30b to $40b. The sector is supported by public projects like the Deep Tunnel Sewerage System and new MRT lines. UOB has maintained an overweight call on the sector, citing improved valuations and strong orderbook positions. Key picks include Centurion, Reclaims Global, and Tiong Woon. Risks include labor shortages and cost inflation.
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