Bright prospects seen for Gamuda

PETALING JAYA: Analysts are generally bullish on the prospects of engineering and construction giant Gamuda Bhd, on the back of a record-high order book, its chances of securing further projects such as in the mass rapid transit three (MRT3) and its presence in overseas markets that could cushion its risk exposure to any single country.

Hong Leong Investment Bank (HLIB) Research said in a report that Gamuda’s core net profit of RM190.4mil, which excludes the RM1bil gain on the group’s disposal of its four highways, for the quarter ended Oct 31, was above its and consensus expectations.