Franklin Templeton: Investors to maintain cautious outlook on toll roads

Chief executive officer and Head of Malaysia fixed income and sukuk, Hanifah Hashim(pic) said while the budget touched on funding for the toll road takeover via a government guaranteed bond issuance, there was still insufficient information to properly assess the risks involved.

KUALA LUMPUR: Investors will maintain a cautious outlook on the toll road sector, due to a lack of details and uncertainties concerning the takeover plans for Gamuda Bhd and PLUS Malaysia Bhd highways, says Franklin Templeton GSC Asset Management Sdn Bhd.

Chief executive officer and Head of Malaysia fixed income and sukuk, Hanifah Hashim said while the budget touched on funding for the toll road takeover via a government guaranteed bond issuance, there was still insufficient information to properly assess the risks involved.