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CIMB Research sees Gamuda as big proxy for new rail contracts


KUALA LUMPUR: CIMB Equities Research is overweight on the construction sector and picks Gamuda as a major proxy for new rail contracts for rail contract in the secone half of 2017 with potentially RM10bil worth of job wins per annum over the next three years. 

It said on Wednesday its review of job flows based on Construction Industry Development Board’s (CIDB) data found 71% on-year deceleration in the value of contracts awarded in 1Q17. 

   

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