,KUALA LUMPUR: Maybank Investment Bank Research has trimmed its earnings forecast on Gamuda Bhd on expectations of a slight delay in recovery at its tolled highways.This comes after the group reported a 1HFY21 net profit of RM232mil, which came to 45% and 42% of Maybank IB's and consensus full-year estimates due to delayed recognition at its Celadon City property development in Vietnam."A timing issue, Celadon City is expected to see a lumpy recognition in 4QFY21," said Maybank IB, which has a "buy" call on the stock.The research house cut FY21 net profit forecasts by 4%, FY22 by 7% and FY23 by 5%.Concomitantly, it lowered its target price to RM4.12 from RM4.22 previously.Moving forward, Gamuda's orderbook replenishment prospects are looking bright."Outstanding E&C orderbook stood at MYR5.5b as of end-Jan 2021 and this will double with reclamation works and turnkey contract for the PTMP PSR Island A Phase 1."Elsewhere, tender outcome for three tunnel related projects in Australia are expected to be known from mid-2021 till early2022, while discussions with the Government on the KVMRT3 have progressed further with some key issues having been resolved," said Maybank IB.
sàn casino đổi thưởng tiền mặt uy tín SỐ 1 ，Bạn có thể nạp và rút tiền với； Ví điện tử ; đồng tiền ảo; usdt; an toàn tiện lợi và có độ bảo mật cao. Mọi thông tin chi tiết xin liên hệ URL:www.vng.app。
转载说明:本文转载自Sunbet。 环球UG官网声明:该文看法仅代表作者自己，与本平台无关。转载请注明：apple developer account：Maybank IB lowers earnings estimate on Gamuda