KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research is striking an optimistic tone on the prospects of Gamuda Bhd
as it believes Australia's Sydney Metro West (SMW) project is too costly for the New South Wales government to abort given its current stage of progress.
"Taking cue from Gamuda’s progress rate, we reckon the other packages could be similar – where at the completion of the review process (October 23), potential loss and expense claims would have climbed even higher," it said in its latest update.
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