Recently, there has been news announcing Malaysia's intention to terminate the High Speed Rail (HSR) project, with claims that this project does not financially benefit Malaysia at all. At the point of writing, this does not seem to be firm yet.
To share some background, the Jurong area is seeing development for Jurong Lake District. The HSR project is a part of this plan, as Jurong East will be or would have been the site of the Singapore Terminus. This would allow people to get from Singapore to Kuala Lumper (and vice versa) in the span of 1.5 hours, down from driving 4 hours. The project was slated to complete in 2026.
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Two stocks that may be affected immediately comes to mind: Capitamall Trust (CMT) and ...
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