September 17, 2010

GAMUDA - Gamuda hits 30-month, fair value raised

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



GAMUDA Bhd, a Malaysian builder, rose to a 30 month-high in Kuala Lumpur trading after after AmResearch Sdn Bhd raised its fair value to RM4.28 on expectations it will be involved in a mass rail project in the country's capital.

Its shares gained 1.6 per cent to RM3.76 at 10:06 a.m. local time, set for their highest close since March 3, 2008. - Bloomberg





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