Stock Digest - Econpile Holdings Bhd - Gradually Getting Back On Track

We believe that Econpile will be able to leverage onto the acceleration of mega infrastructure projects towards 2H22. At the same time, property developers that held back their launches over the past 2 years may also turn slightly more aggressive over the foreseeable future. Already, we note that the property market demonstrated green shoots of recovery in 2021 after recording 300,497 (+1.5% YoY) property transactions worth RM144.87bn (+21.7% YoY).