Upgrade to Trading Buy. We are upgrading Gamuda to Trading Buy from Underperform as we foresee strong performance in its share price in 2H2010, buoyed by news flow, primarily, from the RM3.6bn KL mass rapid transit (MRT) project.
Gamuda Berhad : A “Tactical” Construction Play In A News Flow Driven Market - 28/06/2010
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