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Gamuda – Federal Green Light For Penang LRT; Kenanga Renders Outperform

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The federal government has finally approved the Penang LRT  project and awarded GAMUDA’s 60%-owned SRS Consortium the  Segment 1 civil work of the project. Kenanga Investment Bank (Kenanga), in its Company Update today (Apr 1), said they estimate GAMUDA’s share  of civil work to be worth RM4.6b to RM5.0b, which is still within Kennaga’s FY24 […]

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