KUALA LUMPUR: RHB Research has maintained its Buy call on Gamuda with a fair value of RM5.61, favouring the group for being the best proxy to the buoyant construction sector, given its dominant role in the largest public infrastructure project in Malaysia.
In a note on Tuesday, the research house said Gamuda now expects tenders for work packages of the RM25bil Line 2 of the Klang Valley MRT project to be called in end-2015, with contract awards expected in mid-2016 due to “the hiring of additional consultants by the Government to review the alignment of Line 2”.
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