Value in Gamuda shares

KWAP and its fund manager had acquired 3.217 million Gamuda shares on Monday.

PETALING JAYA: Market reaction towards news that the government has initiated talks with Gamuda Bhd on highway acquisitions has been overly pessimistic, says Credit Suisse Equity Research.

The resulting share price weakness, the research house said, has created an opportunity to accumulate Gamuda shares.