HLIB is optimistic about 2024 for construction start, citing fiscal space enlargement from subsidy rationalization. It sees increased public and private jobs along with further potential developments as catalysts for growth in the construction industry, leading to contract recovery upcycle.
HLIB Research projects media sector's continued struggle due to ad spend shifting to digital and decreasing consumer sentiment, leading to subdued earnings for Astro Malaysia and Media Prima amidst stiff competition and advertising cuts.
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