KUALA LUMPUR: Kenanga Research has lowered its earnings projection on Gamuda Bhd
in anticipation of a weaker final financial quarter following its recent disappointing earnings result.
In 3QFY21, Gamuda's core net profit of RM142mil brought year-to-date core net profit to RM374mil, which came to 70% and 69% of Kenanga's and consensus full-year estimates.
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