2013-02-03 16:33:40 -
Fast Market Research recommends "Malaysia Infrastructure Report Q1 2013" from Business Monitor International, now available
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 forward, with construction real growth forecast to reach 7.2% in 2013. This outlook is primarily because we expect headwinds from a weakening global economy to grow in severity and dampen demand for residential and non-residential buildings.
Key developments that will impact
growth:
* In September 2012, Tan Sri Syed Hamid Albar, chairman of the Land Public Transport Commission, said that the feasibility studies for the second and third lines of the mass rapid transit (MRT) system development in the Klang Valley, Malaysia are likely to be concluded by early 2013. MRT Corporation will then require government's approval to begin implementation, with all the three MRT lines scheduled to become operational by 2020.
* In October 2012, Tenaga Nasional (TNB) secured a MYR3bn (US$978mn) contract from Malaysia's Energy Commission to construct, own and operate a power plant in the northern state of Penang, Malaysia. The company will build the 1,071MW combined-cycle gas turbine (CCGT) plant in Prai. The plant, which will become operational by March 2016, is aimed at fulfilling an increase in power requirements for peninsular Malaysia by 2016 and 2017.
* In November 2012, we estimate 53 out of a total of 85 packages have been awarded, with all of the 19 key construction contracts (viaducts and stations) for the Blue line awarded. Other key contracts awarded: Siemens for the electric trains, Siemens and Hisniaga for the depot equipment and maintenance equipment; Bombadier for signalling and train control system; Meidensha for power supply and distribution; Mitsubishi Heavy Industries for track work; Sumitomo for design, engineering, procurement and installation of track works.
* In November 2012, Bintulu Port Holdings was given the task to build, own and operate the Samalaju port. The first phase of the project is expected to cost MYR1.8bn (US$590mn) and have an annual handling capacity of 18mn tonnes of cargo for industries operating in Samalaju Industrial Park (SIP), which is part of the Sarawak Corridor of Renewable Energy (Score). The project is expected to be completed in Q116.
Full Report Details at
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www.fastmr.com/prod/529432_malaysia_infrastructure_report_q1_201 ..
Report Table of Contents:
SWOT Analysis
- Malaysia Infrastructure SWOT
Market Overview
- Table: ETP - Key Construction Entry Point Projects
- Competitive Landscape
- Table: EQS Data
Building Materials
- Asia
- Cement Forecasts
- Table: Malaysia Cement Production and Consumption Data, 2010-2016
- Table: Malaysia Cement Production And Consumption Long Term Forecasts, 2015-2021
Industry Forecast Scenario
- Table: Malaysia Construction And Infrastructure Industry Data, 2010-2016
- Table: Malaysia Construction And Infrastructure Long Term Forecasts, 2015-2021
- Construction And Infrastructure Forecast Scenario
Transport Infrastructure
- Table: Malaysia Energy And Utilities Infrastructure Industry Data, 2010-2016
- Table: Malaysia Energy And Utilities Infrastructure Long Term Forecasts, 2015-2021
- Transport Infrastructure Outlook And Overview
- Table: Factbox - Key Construction Packages For US$11.5bn Greater KL MRT project
- Title: Competitiveness Of Malaysia's Infrastructure
- Major Projects Table - Transport
- Table: Major Projects - Transport
Energy And Utilities Infrastructure
- Table: Malaysia Energy And Utilities Infrastructure Industry Data, 2010-2016
- Table: Malaysia Energy And Utilities Infrastructure Long Term Forecasts, 2015-2021
- Energy And Utilities Infrastructure Outlook And Overview
- Major Projects Table - Energy & Utilities
- Table: Major Projects - Energy And Utilities
Residential/Non- Residential Construction And Social Infrastructure
- Table: Malaysia Residential And Non-residential Building Industry Data, 2010-2016
- Table: Malaysia Residential And Non-residential Building Long Term Forecasts, 2015-2021
- Residential/Non-Residential Building Outlook And Overview
- Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
- Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
Risk/Reward Ratings
- Malaysia's Risk/Reward Ratings
- Rewards
- Risks
- Regional Overview
- Asia Pacific Infrastructure Risk/Reward Ratings
- Asia Infrastructure Risk/Reward Ratings
Company Monitor
- IJM Corp
- Gamuda
- WCT Berhad
Global Overview
Methodology
- Industry Forecasts
- Construction Industry
- Data Methodology
- New Infrastructure Data Sub-sectors
- Construction
- Capital Investment
- Construction Sector Employment
- Infrastructure Risk/Reward Ratings
- Table: Infrastructure Business Environment Indicators
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