The High-Speed Rail (HSR) and Mass Rapid Transit Line 3 (MRT 3) will be significant projects to drive the economy from 2021 onwards and AllianceDB Research expects Gamuda to have a role in both projects.
UALA LUMPUR: Gamuda Bhd
is poised to capitalise from a possible revival of mega projects, AllianceDBS Research says as it upped it sum of parts (SOP) derived target price to RM4.60 from RM4.30.
It said on Friday the government’s upcoming medium term recovery plan in October may serve as a prelude to the potential approval of funding for projects in the Budget 2021 tabling in November and 12th Malaysia Plan (12MP).
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