Gamuda to ride on its tunnelling, underground expertise
Gamuda Bhd is expected to be one of the major beneficiaries for the tunnelling and underground portion of the Mass Rapid Transit Line 3 (MRT3) in the second half (2H) of 2021.
MIDF Research analyst Khoo Zhen Ye said Gamuda is expected to double its order book to about RM9.9 billion from the current RM4.9 billion as of April 2021, with the additional RM5 billion worth of reclamation works of Penang South Island (PSI) Island A, which is expected to be commenced in August 2021.
