However, its consortium members (local or foreign) were not disclosed. It is unclear whether it will tender for the project delivery partner (PDP) or the AssetsCo package.To recap, the 191km Gemas-Johor Bahru project covers the southern region from Negeri Sembilan to Johor. Its target price of RM1.48 remains pegged to a 20% RNAV discount. This is supported by its sustainable dividend yields of 6%-8%. Downside risks are job delays,” it said.

Source: The Star December 14, 2017 01:07 UTC