If you like Gamuda, can hoot GAMUDA-WE, I have some at 0.95
Reiterate positive. Following the award from Pan Borneo Highway Sarawak (PBHS), we expect further awards from other key infrastructure to boost the positive sentiment in the construction sector. Major awards from the Klang Valley mass rapid transit Line 2 (KVMRT 2) are expected in March and April, two to three months ahead of the timeline. Its total value could exceed the initial estimate of RM28 billion, which would be a positive surprise to construction players via higher-than-expected job wins. We reiterate “positive” on the construction sector with Gamuda as the top buy and SCG the top mid-cap pick.