Hello everyone

The new governor (Chris Minns), located in New South Wales, Australia, said in an interview a few days ago that the government of the former DPRK had excessively relaxed the state's current construction of the Sydney Metro West Line project in Australia. Cost estimates have soared from the initial 16 billion Australian dollars to 25 billion Australian dollars, which has already exceeded the originally allocated budget, so it is intended to put the plan on hold, and it is not ruled out that it will be cancelled
However, the governor publicly stated two days later that it is currently only in the discussion stage, including how to reduce the budget, shorten or replace routes, and expand development value, etc. At the same time, he assured reporters that “if this plan is cancelled, you can cut off my head”
According to the contract, Gammuda was the general contractor for the project and received a contract worth 2.16 billion Australian dollars on March 1, 2022. Construction in April of the same year was also the group's most valuable hand order. As of the latest quarterly report, the Group has completed 26% of its progress. If it is cancelled, then the value of losses will exceed 1.5 billion dollars, which is 4.53 billion in Malaysian dollars
As a result, Gamuda has been somewhat shaken in the past few days since the news was announced. Today, it even fell below a new low in a month, and once pulled back close to 7.5%. However, to me, investors seem to have overdigested this message. In particular, the governor has stated that he will not rashly cancel all projects, urging the public to reassure the public
Coupled with the imminent opening of the MRT3 tender, the high-speed rail agency reconvening the screening process for the Longxin High Speed Rail, and the imminent arrival of the 2024 budget, I think Gamuda is still...