Kenanga maintains 'market perform' on Gamuda, TP at RM3.90

KUALA LUMPUR: Gamuda Bhd's latest contract brings its year-to-date job wins to RM1.05bil, nearly halfway towards a full-year assumption of RM2.4bil, says Kenanga research.

Gamuda announced recently that it had secured a RM932mil construction contract in Taiwan with its joint venture partner, of which the construction company is entitled to RM653mil based on its 70% share of the venture.