KUALA LUMPUR (Nov 14): RHB Research Institute Sdn Bhd has upgraded Gadang Holdings Bhd to “Buy” with an unchanged target price of RM3.50 and said the recent selldown provides a good opportunity to accumulate the stock at forward P/E of <7x vs the peer average (in low teens).

In a note today, the research house said apart from strong medium-term earnings visibility, it has also laid foundation for the longer term.

“Mega construction job wins and its ongoing corporate exercise may boost sentiment on the stock,” it said. — theedgemarkets.com

SHARE
SPONSORED CONTENT
Inside the homes shaping Malaysia’s new generation of homeowners

For one homeowner in Setia Bayuemas, that sense of ease was what made a house feel like home.

read more
RELATED POSTS
  1. YTL Corp’s property and construction divisions support 3QFY2026 revenue growth as net profit declines
  2. IJM’s FY2026 revenue up 10% to RM6.88 bil; construction and industry divisions anchored by RM14.7 bil order book
  3. JAKS’ Vietnam JV lifts 1Q profit as construction, property investment showed mixed operational trends