Bursa Malaysia Stock Watch

Gamuda: Maintain Buy - Delivery on Track

kltrader
Publish date: Tue, 07 Aug 2012, 10:14 AM
kltrader
0 20,641
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.
Gamuda: Maintain Buy - Delivery on Track
  • Maintain BUY. Gamuda's robust MYR5.5b outstanding construction order book and MYR1.3b in unbilled property sales should translate into record profits in both FY7/12 and FY7/13.
  • The stock remains a BUY on undemanding valuations of just 11.5x 12M forward earnings. Our MYR4.10 RNAV-based target price meanwhile offers 19% upside. Major construction job flows expected next year, post 13GE, would be the next share price catalyst.
  • Meanwhile, its net dividend yield of 3.6% justifies building a medium-term position in this stock, in our view.
Click here for full report

Source: Maybank Research - 7 August 2012
Related Stocks
Market Buzz
Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment