AmInvestment Bank: Upgrade to buy with an unchanged fair value of RM1.
AmInvestment Bank: Maintain underweight with a fair value of RM1.27
Gamuda property division’s performance has been relatively “defensive” given its geographical diversification.
AmInvestment Bank: We believe SunCon is mitigated by its substantial order backlog that should keep it busy over the next one to two years.
AmInvestment Bank: Maintain buy with an unchanged fair value of RM3.90.
AmInvestment Bank: The greatest comfort we have derived from the latest episode — the reinstatement of MMC-Gamuda as the tunnelling contractor for MRT2 — is the fact that Gamuda’s working relationship with the government seems to have “normalised”.