Scale down of PSI has no earnings impact on Gamuda, says Public Investment Bank
"On top of that, we also expect the Bayan Lepas LRT under the Penang Transport Master Plan (PTMP) to kick off sooner than expected.
"On top of that, we also expect the Bayan Lepas LRT under the Penang Transport Master Plan (PTMP) to kick off sooner than expected.
AIMS Cyberjaya Block 2 is a turnkey project featuring a purpose-built data centre with improved efficiency and building structure, and a total IT load of 8MW.
“His departure from the group is to focus his attention, energy and effort on serving his national duty.
Bay Street has a total of 47 units comprising two and three-storey retail shops with built-up sizes ranging from 3,300 to 7,557 sq ft with prices ranging from RM2 million to RM3.
Gamuda said it plans to refurbish and upgrade the property into a best-in-class, top-rated environmentally sustainable ESG office space that caters to global or multinational financial institutions, legal firms, and mega-tech corporations.
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.