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Maybank IB expects Gamuda’s core net profit to hit RM1b mark in FY2025

Maybank Investment Bank Research (Maybank IB) has maintained its “buy” rating for Gamuda Bhd at RM4.31, with an unchanged target price (TP) of RM4.80, and said Gamuda’s core net profit (CNP) for the financial year ended July 31, 2023 (FY2023) was 104% of the house forecast (in line), and 110% of the consensus (above).

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BMI: Bank Negara to begin cutting rates in early 1H2024

BMI, a Fitch Solutions company, has maintained that Bank Negara Malaysia (BNM) will keep the overnight policy rate on hold at 3% until end-2023 and begin cutting rates early in the first half of 2024 (1H2024), alongside other major central banks including the US Federal Reserve.

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