Penang South Reclamation (PSR) project
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Hold call for Gamuda Bhd
and a target price of RM3.65 after its foray into Australia and the government's go-ahead to take over its tolled roads.
The research house said on Monday its target price was based on sum-of-parts valuation, and implies 20.3 times FY20F price-to-earnings (PE).
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