HLIB expects stronger 2HFY23 for Gamuda driven by Australian projects
In a note on Friday (March 24), the research house said it expects a stronger 2HFY23 for Gamuda driven by RM8.
In a note on Friday (March 24), the research house said it expects a stronger 2HFY23 for Gamuda driven by RM8.
Gamuda is expecting its performance this year to be driven by property sales, a pick up in work progress of the Sydney Metro West-Western Tunnelling Package, the Coffs Harbour Bypass and the M1 Motorway Extension projects in Australia, following the sale of its highway assets to Amanat Lebuhraya Rakyat.
Ambrin, 74, joined Gamuda’s board in September 2018 as the construction giant’s independent non-executive director.
The group is looking forward to this partnership, which further reinforces the group’s sustainability agenda, particularly its commitment to reducing carbon emissions.
Post election, it noted, there are uncertainties over the timing of mega infrastructure rerating catalysts.
"We anticipate a greater uptake for our future products with the upcoming retail, leisure and commercial properties in the next two years to tailor for the burgeoning market in this area.
This issue of “vacant possession simultaneously with strata titles” has somehow been delayed these last few years since its inception because of some alleged technical problems.
The company’s quarterly revenue gained 90% to RM1.
He has 31 years of experience at Malayan Banking Bhd (Maybank), where he held various senior positions including head of corporate banking, head of commercial banking and head of Malaysian operations.
"Our RE plans also reach beyond the Malaysian border.