AmInvestment Research retains Buy on Gamuda, best proxy to construction sector

KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on Gamuda Bhd with a sum-of-parts based fair value of RM5.60 while it sees the company as the best proxy to the booming construction sector in Malaysia.

AmInvestment Research said Gamuda has a dominant role in MRT (as the project delivery partner (PDP) and tunneling contractor) and its involvement in Pan Borneo Highway.