Just Released: "Malaysia Infrastructure Report Q1 2013"
BMI View: We believe we are seeing the peak of the current construction cycle in Malaysia, with construction real growth reaching 18.3% year-on-year (y-o-y) in Q312 (July-September), lower than the 22.2% y-o-y in Q212. Therefore, even though we have revised up our full-year forecasts for 2012 to reflect the new Q312 data - construction real growth is forecast to reach 15.5% y-o-y in 2012 (previously 11.5% y-o-y) - we expect Malaysia's construction sector to grow at a slower rate going...
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