Two leaders from Malaysia and Singapore have mutually agreed to build a high-speed rail (HSR) linking Kuala Lumpur and Singapore, targeted to be completed by 2020. The travel time between two cities will be shortened to 90 minutes, compared with about five hours by road and this alone carries significant long-term implications on the various sectors in Malaysia.
We believe the “winners” are the construction, property and gaming sectors. However, a likely “loser” is the aviation sector.
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