Stock Name: GAMUDA
Company Name: GAMUDA BHD
Almost there for the SBK MRT line.
Press reports that MMC-Gamuda JV has finalised the details of its PDP job scope and fee, as well as being the lowest bidder for the SBK MRT tunnelling works are positive news that we have anticipated since we lifted Gamuda as one of our top buys for 2012. Share price has outperformed with a 15% gain YTD. We maintain our RM4.10 RNAV-based TP which has incorporated a 50sen contribution from the MRT for now, pending finalisation of details.
Maybank Research 9 Feb 2012
Click here for full report
Company Name: GAMUDA BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 4.10 |
Almost there for the SBK MRT line.
Press reports that MMC-Gamuda JV has finalised the details of its PDP job scope and fee, as well as being the lowest bidder for the SBK MRT tunnelling works are positive news that we have anticipated since we lifted Gamuda as one of our top buys for 2012. Share price has outperformed with a 15% gain YTD. We maintain our RM4.10 RNAV-based TP which has incorporated a 50sen contribution from the MRT for now, pending finalisation of details.
Maybank Research 9 Feb 2012
Click here for full report
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