External broker reports(aggregated public sources), Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad operates as an investment banking company. The Company provides debt and equity funding, private debt securities issuance, merger and acquisitions, initial public offerings, corporate restructuring, and stockbroking services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Gamuda reported 9MFY23 core PATAMI of RM608.4m, beating both our and consensus expectations at 82%/83% respectively.</li><li>We expect Gamuda to close FY23 on a high with better sequential performance in 4QFY23 driven by construction kicking into higher gear, consolidation of DTI (c.RM80-90m pa) and as well as higher billings from RM5.7bn of unbilled sales.</li><li>Island reclamation award worth RM3.5bn was announced simultaneously. Upcoming mega contract catalysts are now expected in 4QCY23. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Gamuda reported 9MFY23 core PATAMI of RM608.4m, beating both our and consensus expectations at 82%/83% respectively.We expect Gamuda to close FY23 on a high with better sequential performance in 4QFY23 driven by construction kicking into higher gear, consolidation of DTI (c.RM80-90m pa) and as well as higher billings from RM5.7bn of unbilled sales.Island reclamation award worth RM3.5bn was announced simultaneously. Upcoming mega contract catalysts are now expected in 4QCY23. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gamuda Bhd

Gamuda - Executing Well