Market Strategy – At the forefront of public investment hustle
- We believe public investment will accelerate earlier than expected in order to boost economic growth amid the slowdown of other growth engines.
- The North-South expressway projects will return to center stage in 2H20F.
- We believe the suppliers of construction materials, especially stone and asphalt, will directly benefit from the surging demand from these projects.
- Our top picks in this theme include: KSB, PLC and HPG.
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