5 months had passed since Malaysia’s General Election.

Malaysia Finance Minister Lim Guan Eng (LGE) is spearheading an effort to clean up our nation’s balance sheet. His efforts have resulted in a series of deferments and cancellations of several mega-infrastructure projects nationwide. As I write, it is clear that LGE would continue on Malaysia’s austerity drive in the future.

It is unwelcoming news for local construction firms. Billion-Ringgit firms which include Gamuda, Sunway Construction, George Kent … etc had experienced a sharp drop in their stock prices with expectations of fewer contract tendering opportunities for infrastructure projects in the future.

Here is a question. Is it possible to find winners in the construction sector?

First, it is important to note that the construction industry is cyclical by nature. Hence, to me, it is not a question of whether the industry would recover in the future, but when. In ...