December 3, 2010

GAMUDA - Buy Gamuda at RM4.90: HwangDBS

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



HwangDBS Vickers has given a "buy" recommendation to Gamuda and raised the stock's target price to RM4.90.

"Like for MMC, we built in realistic assumptions for the RM40 billion MRT project - 50 per cent probability the MMC-Gamuda JV would clinch the RM14 billion tunneling works, " says HwangDBS.


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