NST Online Business Times : latest
NST Online Business Times : latest |
| RHB raises Gamuda’s fair value Posted: 13 Dec 2012 06:47 PM PST RHB Research raised Gamuda Bhd's fair value to RM4.49 per share from RM4.29 after the construction firm's first quarter ending on Oct. 31, 2012 came in slightly above the research house's expectation, but within consensus. "We see value in Gamuda as it has given a strong start. We believe the SBK MRT Line (Sungai Buloh-Kajang Mass Rapid Transit Line) project has gone beyond 'the point of no return'," RHB said in a research note on Friday, maintaining 'outperform' on the stock. RHB said once Malaysia's 13th general election is over, investors will refocus on fundamentals of construction stocks, which may appear to be reasonably attractive underpinned by a construction upcycle backed by various large-scale infrastructure, property and oil and gas projects. As of 10.07am, shares of Gamuda dropped 0.55 per cent to 3.62 ringgit per share, while the construction index rose 0.08 per cent. - Bernama
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| KL shares slump in early trade Posted: 13 Dec 2012 05:41 PM PST At 9.30 am today, there were 79 gainers, 152 losers and 162 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,645.05 down 7.70 points, the FBMACE was at 4,149.40 up 9.67 points, and the FBMEmas was at 11,162.02 down 44.46points. Turnover was at 106.748 million shares valued at RM57.397 million. -- BERNAMA |
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