PETALING JAYA: Gamuda Bhd
’s 50:50 joint venture (JV) with Spanish infrastructure specialist Ferrovial Construction is seen as having a better chance of winning the Oven Mountain Pumped Hydro (OMPH) project in New South Wales, Australia after being appointed as the early contract involvement (ECI) partners by Alinta Energy.
Analysts covering Gamuda remained upbeat on the engineering and infrastructure firm’s outlook, with RHB Research maintaining a “buy” call with a sum-of-parts (SOP)-based target price of RM10.52.
