A recent meeting with Management revealed that its construction orderbook is expected to add new jobs to the tune of RM7-8bn by 1H2016 and potentially another RM1-2bn in 2H2016. Among the key jobs eyed are the MRT 2 tunnel works (c.RM6.5bn) and tendering as sub-contractor for other projects such as the Pan Borneo Highway (packages worth RM1.5bn), LRT3 and Gemas-JB double track project. Elsewhere, Gamuda is finalizing PDP contract terms by March 2016 for the Penang Transport Master Plan (PTMP) with physical works expected in 2018 at the earliest. As for the property division, Management expects FY16 sales to grow 10% YoY to RM1.33bn, driven by fast-turnaround projects especially from overseas (Vietnam, Melbourne and Singapore). Maintain Outperform and RM4.90 TP, which is pegged on parity with our sum-of-the-parts (SOTP) valuation
Source: PublicInvest Research - 3 Feb 2016
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principal
we interested to invest to public listed company as Gamuda Berhad.size amount usd50mill to usd300mill.interested meeting,please call or whatsapp me 0124911029
2016-05-07 22:48