To miss expectations. Taking the cue from the still sub-par construction margins recorded by peers IJM and WCT in their just-released Oct-Dec 09 results, we expect Gamuda’s 2QFY07/10 results, due out by the end of the month, to miss expectations. We expect Gamuda’s 2QFY07/10 core net profit to come in at RM65-70m. Cumulatively, 1H net profit of RM128- 133m is equivalent to only 44-46% of our full-year forecast and 42-43% of the full-year market consensus.
Gamuda Berhad : 1HFY07/10 Results To Disappoint - 19/03/2010
No comments:
Post a Comment