Gamuda vs Gamuda

The Star: US-based fund FMR LLC & FIL Ltd’s nominees acquired 4.09 million Gamuda shares last Friday, according to a filing with Bursa Malaysia.

The nominees then sold 1.81 million shares also on the same day. Following the transactions, the fund’s total stake in the infrastructure-based company was 222.55 million shares or 11.11%. Gamuda’s share price closed at RM3.40 on that day. Its share price hit a 52-week low of RM2.80 on March 18 while its 52-week high was RM5.80 on Jan 14. According to Bloomberg’s list of analysts’ recommendations, there were 16 “buys” on the stock, five had a “hold” and three “sell”. The latest recommendation was from JP Morgan, with an “underweight” call and target price of RM3.30 yesterday. However, Credit Suisse, in its recommendation issued last Thursday, had an “outperform” call on Gamuda with a target price of RM7.30.

Comment: Well, I think I have said what's needed to be said. Moolah did a better summary:

http://whereiszemoola.blogspot.com/2008/04/credit-suisse-has-target-price-of-rm730.html


p/s photo: Irene Santiago