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PETALING JAYA: The Phase One section of the Putrajaya MRT line is almost complete, and is scheduled to start operations in August.
KUALA LUMPUR: Gamuda Bhd’s decline in earnings for the first half of financial year ending July 31,2021 (FY21) could be just a bump on the road as its performance is expected to improve in the second half of the year, driven by a pick-up in construction activities and property sales as well as strong order book replenishment prospect.
KUALA LUMPUR: Stocks with news flow that might see trading interest on Wednesday include Sime Darby, Kumpulan Perangsang Selangor, Sapura Energy, Top Glove, TH PLantations, Gamuda, LB Aluminium, Widad, Ta Win and Mihubbah Engineering, said JF Apex Research.
KUALA LUMPUR: Maybank Investment Bank Research has trimmed its earnings forecast on Gamuda Bhd on expectations of a slight delay in recovery at its tolled highways.
PETALING JAYA: Gamuda Bhd expects overseas property sales and the continued progress of the mass rapid transit Putrajaya line (MRT2) to drive its performanncce for the financial year ending July 31,2021 (FY21).
THE RM9.6bil Pan Island Link (PIL 1) highway project will be constructed in phases starting with a 2.4km stretch in Bayan Baru.
KUALA LUMPUR: Gamuda Bhd’s net profit shrank 30 per cent to RM123.12 million for the second quarter ended Jan 31, 2021 (2Q21) from RM175.17 million in the same period last year due to COVID-19.
The announcement by Gamuda Bhd that it plans to start the first reclamation works for the ambitious Penang South Islands (PSI) project will see more jobs under the Penang transport master plan (PTMP) coming on stream.
Digi, Petronas Gas and GentingM helped the FBM KLCI to end above the crucial 1,600 level on Friday as investors sentiment perked up following the improved key Asian markets.