Gamuda’s property profit contribution seen to rise
Gamuda property division’s performance has been relatively “defensive” given its geographical diversification.
Gamuda property division’s performance has been relatively “defensive” given its geographical diversification.
“In fact, we have been putting a lot of effort into improving the state’s affordable housing policy with aims to achieve a win-win situation for both developers and buyers.”
PublicInvest Research: Maintain neutral with a lower target price (TP) of RM2.80.
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
Kenanga Research: Maintain outperform with a lower target price (TP) of RM1.25.
AmInvestment Bank: Maintain buy with an unchanged fair value of RM3.90.
AllianceDBS Research: UEM Sunrise’s vast land bank of 12,800 acres (5,180ha), of which 75% is in Johor, has been heavily discounted by the market which completely belies the real value of the land.