Uncertainties cast a pall over Gamuda, MMC
KUALA LUMPUR (Oct 30): The government’s decision last Friday to rescind Gamuda Bhd and MMC Corp Bhd’s contract termination concerning the mass rapid transit Sungai Buloh-Serdang-Putrajaya line (MRT2) project did not offer a long-enough respite for both stocks.
Gamuda's MRT2 profit sacrifice preferable to contract termination, say analysts
KUALA LUMPUR (Oct 29): While the revised cost structure of the mass rapid transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project could result in only a marginal total earnings contribution, analysts believe Gamuda Bhd's sacrifice in its profit margin is still preferable to a contract termination.
MRT2: Margin squeeze inevitable
KUALA LUMPUR (Oct 29): The good news that MMC-Gamuda KVMRT (T) Sdn Bhd received last Friday that the consortium will remain the contractor for the underground portion of the mass rapid transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project comes with a catch.
Gamuda active, up 1.22% after MRT 2 underground works set to proceed
KUALA LUMPUR (Oct 29): Gamuda Bhd shares rose 1.
Gamuda, MMC shares rise on MoF nod to continue MRT2 underground portion
KUALA LUMPUR (Oct 26): Shares of Gamuda Bhd and MMC Corp Bhd rose to their highest level in two weeks, after it was announced that their joint-venture firm will remain as the contractor for the underground portion of the Sungai Buloh-Serdang-Putrajaya MRT line (MRT2) project.
MoF: MMC-Gamuda to continue underground MRT2, costs cut to RM13.11b
KUALA LUMPUR (Oct 26): The Ministry of Finance has announced that MMC-Gamuda KVMRT (T) Sdn Bhd will remain the contractor for the underground works portion of the MRT Sungai Buloh-Serdang-Putrajaya line (MRT2) -- now at an even lower cost of RM13.
Gamuda likely to face earnings risk from outcome of MRT2 renegotiation
Gamuda Bhd (Oct 24, RM2.
