Analysts remain bullish over Gamuda's 2H outlook

KUALA LUMPUR: Analysts are keeping their "buy" calls on Gamuda Bhd following the group's latest results announcement and guidance for a stronger second half to the financial year.

In Wednesday's results filing with the stock exchange, Gamuda said its net profit for the six-month period ended Jan 31, 2024, saw an increase of 19% to RM404mil, while revenue nearly doubled to RM6.2bil compared to the previous year’s RM3.7bil.