Mar 26, 2010

Gamuda

Gamuda (RM2.82; Buy; Price Target: RM4.20; GAM MK)
Win-win deal
•  Splash offer RM10.75bn for Selangor water assets
•  Political will, Puncak Niaga may be stumbling blocks
•  Maintain BUY and RM4.20 TP.
source: HwangDBS Vickers