Maybank IB Research sees better 4Q for Gamuda

KUALA LUMPUR: Maybank Investment Bank Research expects the fourth quarter ending July 31,2020 for infrastructure-property company Gamuda Bhd to be better as work pace at its projects has picked up after the government allowed construction activities to resume from May 4.

The research house said on Thursday that while the Klang Valley MRT2 was now at 70-75% of its optimum/pre-movement control order (MCO) level; its work pace was however expected to peak at only 90%-95% of its pre-MCO level under the new social distancing normal.