Maybank IB lowers earnings estimate on Gamuda


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.

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Maybank IB Research , Gamuda , construction

   

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