KUALA LUMPUR (Jan 22): CIMB IB Research has rated Gamuda Bhd an “Add” at RM5.10 with a target price of RM6 and said the Gamuda is its top pick in the construction sector.
In a note Jan 20, the research house said Gamuda’s rail tender outlook has been revived with its submission for the MRT 3 turnkey bid.
“2018 could see a trifecta of wins if it is successful with its bids for MRT 3, HSR PDP, and ECRL – all planned for award in 2018,” it said.