KUALA LUMPUR: Maybank Investment Bank Research expects the fourth quarter ending July 31,2020 for infrastructure-property company GAMUDA BHD
to be better as work pace at its projects has picked up after the government allowed construction activities to resume from May 4.
The research house said on Thursday that while the Klang Valley MRT2 was now at 70-75% of its optimum/pre-movement control order (MCO) level; its work pace was however expected to peak at only 90%-95% of its pre-MCO level under the new social distancing normal.
“Traffic has also returned to its urban toll roads; volume now is down just 10% from its pre-MCO level. However, we do not expect traffic volume to be back to its pre-MCO level anytime soon as working-from-home is becoming prevalent, and schools have yet to fully resume; these will cap the recovery in road users, ” it said.
It issued the report after Gamuda announced its third quarter results ended April 30.
...