AmInvestment Bank: Upgrade to buy with an unchanged fair value of RM1.
Gamuda property division’s performance has been relatively “defensive” given its geographical diversification.
RHB Research Institute: Maintain neutral with a lower target price (TP) of 75 sen.
MIDF Research:Upgrade to buy with a lower target price (TP) of RM2.66.
AmInvestment Bank: We believe SunCon is mitigated by its substantial order backlog that should keep it busy over the next one to two years.
CGSCIMB Research: Maintain hold with an unchanged target price of RM7.83