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Gamuda a top pick on potential rail jobs


The research house said the infrastructure company was in a “sweet spot for bigger rail tenders” and has a target price of RM5.88 pegged to a 10% realised net asset value (RNAV) discount and an implied 19% upside

The research house said the infrastructure company was in a “sweet spot for bigger rail tenders” and has a target price of RM5.88 pegged to a 10% realised net asset value (RNAV) discount and an implied 19% upside

KUALA LUMPUR: Gamuda Bhd remains a top pick among the big capitalised stocks for the multi-billion ringgit rail tunnelling jobs in the Klang Valley and other road projects, especially the Pan Borneo Highway (Sabah), according to CIMB Research.

The research house said the infrastructure company was in a “sweet spot for bigger rail tenders” and has a target price of RM5.88 pegged to a 10% realised net asset value (RNAV) discount and an implied 19% upside.

Gamuda

   

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