Australia’s Platinum Investment ups Gamuda stake

KUALA LUMPUR: Australia-based Platinum Investment Management Ltd acquired 7.18m Gamuda Bhd shares on Nov 3, when the share price was near its 52-week low.

A filing with Bursa Malaysia showed the fund manager acquired the shares from the open market. The share price closed at RM1.65 on that day.

After the recent acquisition, its shareholding was increased to 179.17 million shares or 8.93%.

At the current trading price of RM1.86, the stock is trading at a historical price-to-earnings of 11.37 times.

Its 52-week low was RM1.25 on Nov 4 while its 52-week high was RM5.80 on Jan 14.

URL: http://biz.thestar.com.my/news/story.asp?f...45&sec=business

Gamuda Q1 net profit at RM55m

KUALA LUMPUR: Gamuda Bhd’s net profit in the first quarter ended Oct 31 was RM55.03mil versus RM88.06mil a year ago due to lower contribution from property and construction segments.

It announced on Wednesday that revenue was higher at RM614mil compared with RM482.4mil a year ago. Earnings per share were 2.74 sen compared with 4.43 sen.

URL: http://biz.thestar.com.my/news/story.asp?f...18&sec=business

Surged 4 cents to close at 1.86.

Penang government is pressuing Gamuda on the double track railway project in Seberang Prai. Would that affect Gamuda share price?

Gamuda: Buy, target price RM5.25

HwangDBS Vickers thinks Gamuda has been an 'unjustified' laggard against its closest peer, IJM Corp, and expects this underperformance to reverse this year.

Read more: http://www.btimes.com.my/Current_News/BTIM...l#ixzz1CHcRUN4o

MMC-Gamuda get letter of award for Klang Valley MRT

URL: http://www.theedgemalaysia.com/business/18...valley-mrt.html

CIMB Research has Technical Sell on Gamuda at RM3.55

KUALA LUMPUR: CIMB Equities Research has a Technical Sell on Gamuda Bhd at RM3.55 at which it is trading at a FY12 price-to-earnings of 13.1 times and price-to-book value of 2.0 times.

URL: http://www.theedgemalaysia.com/business/18...a-at-rm355.html