Share of listed highway concessionaires In for a rough ride
PETALING JAYA: Uncertainty over how the government will handle the announced highway takeovers has spooked investors, sending the share prices of listed highway concessionaires tumbling.
Among the counters that were hit was Gamuda Bhd 
, with which the government said it had begun talks to negotiate the acquisition of concessions for four main highways in which the group owns majority stakes.
The highways included the Shah Alam Expressway (Kesas) and the SMART Tunnel, in which it owns 50% and 70% direct stakes.
The others are Lebuhraya Damansara Puchong (LDP) in which it has a 43.6% stake via its 43.6% stake in Lingkaran Trans Kota Holdings Bhd (Litrak) and the Western KL Traffic Dispersal Scheme (Sprint), in which it has an effective stake of 51.8% (a 30% direct stake and a 21.8% indirect stake via Litrak).
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