CGS-CIMB Research said the acquisition of DTI has opened the doors to West Australia and Queensland, a market which Gamuda Engineering Australia has yet to enter.
“Its local townships achieved strong presales, with local-to-overseas pre-sales ratio reaching 60:40,” the research house said in a report yesterday. “This already accounted for 71% of its order book of RM20.5bil as at Jan 31, 2023,” said the research house. “However, we think it should command a premium versus its peers, given its successful foray into the Australian infrastructure sector and being less reliant on local public sector infrastructure jobs, which have been slow.”
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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