KUALA LUMPUR: Maybank Investment Bank Research has trimmed its earnings forecast on Gamuda Bhd on expectations of a slight delay in recovery at its tolled highways.
This comes after the group reported a 1HFY21 net profit of RM232mil, which came to 45% and 42% of Maybank IB's and consensus full-year estimates due to delayed recognition at its Celadon City property development in Vietnam.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!