Sabah, S'wak firms to gain from Budget.

(From Business Times (Malaysia))

THE Government's RM11.4 billion budget for infrastructure developments in Sabah and Sarawak fails to immediately bolster share prices of construction and property firms from the states.

But analysts said the likes of Zecon Engineering Bhd, Cahya Mata Sarawak Bhd (CMS) and newly-listed Naim Cendera Holdings Bhd will get more attention from investors in the medium term.

"Last Friday's Budget 2004 announcement failed to stir interest in the market. There were some minor announcements at the weekend and this could stir some interest in select stocks, but investors will probably stay on the sidelines for a while," said a …