Robust outlook for Gamuda

CIMB Research said it expects Gamuda to secure more construction works from the Ulu Padas hydroelectric dam.

PETALING JAYA: Gamuda Bhd is expected to deepen its involvement in the Ulu Padas hydroelectric dam project in Sabah, with further contract wins on the horizon as the state accelerates efforts to secure long-term water and energy security.

In its report, CIMB Research said: “We expect Gamuda to secure more construction works from the Ulu Padas hydroelectric dam.”