News by AmInvestment Bank

AmInvestment Bank: Maintain hold with an unchanged fair value of RM1.13.

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. 

MRCB’s long overdue concerns over the light rail transit Line 3 (LRT3) continuation and EDL compensation have now been resolved with a clearer picture.

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”.

Serba Dinamik has entered into a share sale and purchase agreement to acquire a 49% equity stake in a 30 megawatt (mw) hydropower concession in Laos called OHP Ventures Inc for US$800,000 (RM3.32 million).

Sunway Construction Group Bhd’s outstanding order book now stands at RM5.6 billion, indicating stable income for the construction division over the next one to two years.