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Engineering a revival

Engineering and construction (E&C) companies exposed to the mining industry are starting to recover from an investor exodus caused by fear of an earnings crunch in the wake of the COVID-19 pandemic, but the recovery will not be uniform.

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Engineering and construction contractors in Australia positioned well for market rebound

A study of the often overlooked E&C sector by Citi, an investment bank, found that leading Australian mining service providers such as Monadelphous and NRW Holdings have been oversold on the stock