Gamuda’s annnualised earnings above consensus: CIMB Research

KUALA LUMPUR: CIMB Equities Research said Gamuda's annualised 1HFY7/15 core net profit was 2% above its full-year forecast and 11% above consensus.

“We deem the results broadly in line, as 2H15 will be dragged by weaker property sales but offset by MRT profits. We are not too negative on the three to six month delay in MRT 2, given the alignment changes,” it said.