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Maybank KE Research maintains Buy on Gamuda, TP RM5.30

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Maybank KE Research maintains Buy on Gamuda, TP RM5.30 Empty Maybank KE Research maintains Buy on Gamuda, TP RM5.30

Post by hlk Tue 21 May 2013, 09:43

KUALA LUMPUR: Maybank KE Research is maintaining its Buy recommendation on Gamuda with a target price of RM5.30 which is 16.5 times the 2014 earnings.
It
said on Tuesday its recent visit to the southern portion of the Klang
Valley MRT 1 construction reinforced its positive view that MMC-Gamuda
is strongly poised to clinch the project delivery partner (PDP) role and
tunneling works for KVMRT 2.
Maybank Research said this was
because of the high barriers to entry and the joint venture's superior
standards that competitors will find difficult to outdo.
"We also see potential upside to our Gamuda FY7/14F earnings forecast on better progress and margins for KVMRT 1," it said.
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