Stock Name: GAMUDA
Company Name: GAMUDA BHD
Research House: RHB
Company Name: GAMUDA BHD
Research House: RHB
Gamuda Bhd was cut to “market perform” from “trading buy” at RHB Research Institute Sdn Bhd to reflect expectations of lower margins from the Malaysian mass rail project in Kuala Lumpur.
The stock’s fair value was reduced to RM4.03 from RM4.51, RHB said in a report today.
The stock fell the most in two weeks in Kuala Lumpur trading, dropping 1.6 per cent to RM3.69 at 9:12 a.m. local time, set for their biggest decline since Feb. 28. -- Bloomberg
The stock’s fair value was reduced to RM4.03 from RM4.51, RHB said in a report today.
The stock fell the most in two weeks in Kuala Lumpur trading, dropping 1.6 per cent to RM3.69 at 9:12 a.m. local time, set for their biggest decline since Feb. 28. -- Bloomberg
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