With construction plays rallying, which ones should you look out for?

SINGAPORE (March 3): The construction business had been on the slump, but with a slew of public infrastructure and civil engineering projects up for grabs and with more on the horizon, construction stocks have rallied and are likely to continue its ascent over the next few years.

The Building and Construction Authority estimates public sector construction demand at between $18 billion and $23 billion a year from 2018 to 2021. On the whole, total construction demand is expected to average between $26 billion and $37 billion a year.

In February, several construction stocks hit their 52-week highs, with Hock Lian Seng Holdings, a civil engineering firm specialising in works for bridges, highways and MRT tunnels, up 56% this year.

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