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Malaysia: Gamuda still good buy despite Sydney Metro issues
Hong Leong Investment Bank Bhd (HLIB) maintain its “buy” call on Malaysian construction company Gamuda Bhd. According to Bank view, Sydney Metro West (SMW) rail line project in construction by Gamuda-Laing O’ Rourke JV too costly to abort.
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https://www.malaymail.com/news/money/2023/07/31/hlib-maintains-a-buy-on-gamuda-despite-issues-with-its-sydney-rail-joint-venture-project/82713
HLIB maintains a ‘buy’ on Gamuda despite issues with its Sydney Rail joint venture project
www.malaymail.comKUALA LUMPUR, July 31 — Hong Leong Investment Bank Bhd (HLIB) has maintained a “buy” call on Gamuda Bhd with a target price of RM4.92 per share taking the view that its joint...