Gamuda in prime position to clinch government projects


The research house noted that Gamuda Bhd’s strong reputation, backed by its work for the MRT1 and MRT2, as well as the double-tracking project, will place the group in prime position to clinch key government projects like the HSR, MRT3 and Bandar Malaysia.

PETALING JAYA: The revival of key infrastructure projects is a given, albeit the uncertainty of timing, with the KL-Singapore high-speed rail (HSR) project and the mass rapid transit line 3 (MRT3) to be back on track, given the advanced stages of rollout, says AllianceDBS Research.

The research house noted that Gamuda Bhd’s strong reputation, backed by its work for the MRT1 and MRT2, as well as the double-tracking project, will place the group in prime position to clinch key government projects like the HSR, MRT3 and Bandar Malaysia.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Gamuda , government contracts , MRT1 , MRT 2 , HSR , construction ,

   

Next In Business News

Gold prices hit 2-1/2-week low as Middle East tensions ease
Oil prices stabilise, Middle East tensions remain in focus
Sunway Property to preview RM1.28bil Sunway Velocity 3 on May 4
More funding needed for developers
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
Cypark's LSS3 hybrid solar plant achieves initial operations
Asian shares extend gains ahead of tech earnings, yen fragile
Singapore March core inflation at 3.1% y/y, below forecast
Oil prices stabilise, Middle East tensions remain in focus
Japan issues strongest warning yet on readiness to intervene in currency market

Others Also Read