Strong earnings visibility for Gamuda

Gamuda’s prospects remain bright in Malaysia, said MIDF Research.

PETALING JAYA: MIDF Research says Gamuda Bhd remains its top pick for the construction sector, backed by strong overseas expansion plans, especially in Australia, and its consistency in clinching sizeable jobs.

The group’s bulging order book of almost RM26bil will provide strong earnings visibility at least over the next three financial years, the brokerage firm noted.