June 28, 2010

GAMUDA - Gamuda upgraded to 'trading buy' at RHB

Stock Name: GAMUDA
Company Name: GAMUDA BHD
Research House: RHB

Gamuda Bhd, a Malaysian construction and infrastructure company, was upgraded to "trading buy" from "underperform" at RHB Research Institute Sdn on expectations it may participate in a mass rail project.

Its fair value was raised to RM3.85 from RM2.74, RHB said in a report today. -- Bloomberg

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