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PETALING JAYA: Gamuda Bhd’s tender for the A$2.6bil (RM7.27bil) motorway link project in Sydney via joint-venture (JV) company Gamuda-BMD Constructions Pty Ltd is a positive to Gamuda, though the group stands a 50:50 chance to secure the project.
PETALING JAYA: Gamuda Bhd through its joint venture (JV) company with Australia-based BMD Constructions Pty Ltd has been invited to tender for a motorway to connect the south of Sydney, Australia, costing about A$2.6bil (RM7.27bil).
With the arrival of a new decade, analysts and fund managers present to StarBizWeek 20 stock picks which they opine will outperform the market.
SHAH ALAM: Gamuda Bhd intends to grow overseas contribution to its construction business to 50% within the next three years from 20% currently, underpinned by projects in Australia, Taiwan and Singapore.
AFTER several months of uncertainty, the government’s plan to acquire Gamuda Bhd and Lingkaran Trans Kota Holdings Bhd (Litrak) toll highways finally got the nod from the Cabinet - removing a big hurdle.
PETALING JAYA: Gamuda Bhd is seen as getting a fair deal with regard to the disposal of its tolled highways but going forward it will have to search for new businesses with recurring incomes to fill the vacuum.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Hold call for Gamuda Bhd and a target price of RM3.65 after its foray into Australia and the government's go-ahead to take over its tolled roads.
KUALA LUMPUR: Gamuda Bhd will take up a 50% stake in Australia-based Martinus Rail Pty Ltd to leverage on the significant pipeline of construction projects Down Under.
KUALA LUMPUR: Gamuda Bhd will invest in a 50% equity stake in Australian-based Martinus Rail Pty Ltd to leverage on the significant pipeline of construction projects in Australia.
KUALA LUMPUR: The market reacted positively to the latest financial results from Gamuda Bhd and its shares were up 3% in early trade Monday.