♦ Missed consensus. 9MFY07/10 net profit came in within our expectation at 74% of our full-year forecast but missed market expectation at only 68% of the full-year market consensus.
♦ Lobbying hard for KL MRT. Gamuda was open about, it via its 50:50 JV with MMC Corp, lobbying hard for the much-talked-about RM36bn KL mass rapid transit (MRT) project. It did acknowledge that at this point of time, it “will not call it a project, but just a proposal pending the Cabinet’s approval”.
Gamuda Berhad : - 9MFY07/10 Net Profit Grows 36% YoY, Lobbying Hard For KL MRT - 25/6/2010
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