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KUALA LUMPUR: The East Coast Economic Region (ECER) is expecting to complete the East Coast Rail Link (ECRL) feasibility study at least by early 2014.
SHAH ALAM: Gamuda Bhd is set to have a busy 2017 as it outlines two major projects with staggering figures, namely the RM28bil Mass Rapid Transit Line 2 (MRT2) project and four townships with an estimated gross development value of RM45bil.
PETALING JAYA: Gamuda Bhd, IJM Corp Bhd and WCT Holdings Bhd are among the domestic frontrunners from the construction industry to benefit from the recently-inked bilateral agreement for the Kuala Lumpur-Singapore high speed rail (HSR) project.
KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on Gamuda Bhd with a sum-of-parts based fair value of RM5.60 while it sees the company as the best proxy to the booming construction sector in Malaysia.
AMInvestment Bank has maintained its “buy” call, forecasts and sum-of-parts based fair value of RM5.60, which values Gamuda’s construction business at 16 times calendar year 2017 net profit.
KUALA LUMPUR: The gross domestic product (GDP) of three East Coast states in Peninsular Malaysia is projected to grow by 1.5% at the current rate with the implementation of the East Coast Rail Link (ECRL) project, said Prime Minister Datuk Seri Najib Tun Razak.