Bursa Malaysia Stock Watch

Gamuda: Maintain Buy - Another good quarter?

kltrader
Publish date: Tue, 13 Mar 2012, 09:55 AM
kltrader
0 20,246
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Maintain Buy. Gamuda's 2QFY12 results, due on 28 March, should pleasantly surprise on rising property contributions from record sales, as well as land sale gains in Vietnam. We raise our FY12-14 net profit forecasts by 1-3% p.a.. There is however no change to our RM4.10 RNAV-based TP. The KVMRT-SBK tunnelling and Gemas-JB double track rail works, both to be awarded by mid-2012, will be the catalysts that drive the share price. Both would provide upside to our earnings forecasts. Our TP only reflects the KVMRT-SBK tunnelling works.


Maybank Research 13 March 2012

Click here for full report
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment