Kenanga Research said in a note the management has guided that its two outstanding tenders worth A$4bil (RM12bil) (effective stake A$2bil or RM6bil) from the Sydney Metro West (SMW) Western Tunnel and SMW Airport Link would be awarded latest by February next year. The management, it noted, is hopeful to secure at least one of the projects.(File pic shows Gamuda's tunnelling work.)
PETALING JAYA: Gamuda Bhd
, which is involved in property development and construction, is in a better position to see improved earnings over the next few quarters, driven by some of its upcoming projects.
One of them being the tenders for its projects in Australia, of which the outcome would be known in February.
Already a subscriber? Log in.
Save 30% for ads-free and full access now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
