Gamuda and Gadang are getting a lot of support in speculation more projects will be awarded. Especially Gamuda-WE with persisted buying volume continuous emerged.
As for Gadang, beside of speculative play. It’s EPS is stabilizing and with the announcement of bonus issues and free warrant will further boost short term buying interest.
We sold Gadang before and we have bought back some at RM 2.93 and Gamuda-We at RM 1.33.
We expect also both fiscal and monetary assistance to property segment soon. However we still think it is not the best time to invest property Stocks as the slow economy will prolong.