Highlights
KLSE: GAMUDA (5398)       GAMUDA BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
3.19   -0.01 (0.31%)  3.17 - 3.20  1,796,200
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Overview

Market Cap: 8,018 Million
NOSH: 2,514 Million
Avg Volume (4 weeks):15,053,755
4 Weeks Range:3.06 - 3.29
4 Weeks Price Volatility (%):
56.52%
52 Weeks Range:3.01 - 4.00
52 Weeks Price Volatility (%):
18.18%
Average Price Target: 3.89
Price Target Upside/Downside: +0.70

Financial Highlight

Latest Quarter | Ann. Date 31-Jan-2021 [#2]  |  30-Mar-2021
Next QR | Est. Ann. Date: 30-Apr-2021  |  24-Jun-2021
T4Q P/E | EY: 31.41  |  3.18%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 3.45  |  0.92
T4Q NP Margin | ROE: 9.84%  |  2.94%

Headlines

Date Subject
10-Jun-2021 Daily technical highlights – (K1, GAMUDA)
02-Jun-2021 1QCY21 Results Review - Within Expectation
20-May-2021 Gamuda plans RM5.2 bil highway trust company
20-May-2021 MQ Trader Analysis - GAMUDA (5398) - Road to recovery from Pandemic
17-May-2021 与槟政府达新协议 金务大有何影响?
12-May-2021 踢出MSCI全球标准指数 金务大跌云顶种植涨
12-May-2021 金务大试叩RM3.70/敏源
11-May-2021 PublicInvest Research Headlines - 11 May 2021
11-May-2021 Mplus Market Pulse - 11 May 2021
10-May-2021 Gamuda’s highway trust proposal may just be a viable idea
10-May-2021 Gamuda's proposal to sell four highways a boon to government?
27-Apr-2021 PublicInvest Research Headlines - 27 Apr 2021
27-Apr-2021 Mplus Market Pulse - 27 Apr 2021
27-Apr-2021 Gamuda - A slice of action in smallish Gurney Marine Bridge job
19-Apr-2021 大马股票 | 金务大 | GAMUDA | 从零开始了解金务大 - 少爷兵
07-Apr-2021 Govt Reviewing Proposal To Take Over Gamuda Highways
07-Apr-2021 Works minister says govt rethinking Gamuda’s four-highway takeover bid after new proposal
05-Apr-2021 Construction - MRT3 news to buoy trading sentiment
31-Mar-2021 Gamuda - Gradual Earnings Recovery
31-Mar-2021 PublicInvest Research Headlines - 31 Mar 2021

Business Background

Gamuda Bhd is one of Malaysia's largest firms in infrastructure and property development. It helps construct highways, plants, ports, and other industrial developments to aid connectivity throughout select regions, and develops residential and commercial communities catering to various lifestyle needs. The company has three core business divisions: engineering and construction, property development, and infrastructure concessions (approximately half of total revenue). Concessions granted from government authorities pertain to operating highways and water management. Gamuda operates highway tolls and works to minimize traffic congestion. As a water provider, it utilizes a multistep process to supply fresh clean water.
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  5 people like this.
 
nisah395 Which website to see the list of MSCI companies?

BatteriesNotIncluded > Gamuda got kicked out of the MSCI index?
12/05/2021 11:03 AM
12/05/2021 11:20 AM
BatteriesNotIncluded Lots of funds will have to slowly sell down until May 28th.... best to wait until 28th.
12/05/2021 11:37 AM
EST85 EPF stock u think is easy to kick MSCI index. lol
12/05/2021 12:16 PM
Keyman188 REPLY TO BURSA MALAYSIA SECURITIES BERHAD’SQUERY
[REF. IQL-10052021-00002]:
ARTICLE ENTITLED “GAMUDA PLAN RM5.2 BIL HIGHWAY TRUST COMPANY”

Reference is madeto thequery letter received by Gamuda Berhad [Co. Regn. No. 197601003632 (29579-T)](“Gamuda”or “Company”)fromBursa Malaysia Securities Berhad on 10 May 2021under the reference no. IQL-10052021-00002pertaining to amediaarticle entitled “Gamuda plans RM5.2 bil highway trust company”which appeared in TheEdgeMalaysia today, 10 May 2021.

Our official response is as follows:

On the weekend of 3-4 April 2021 (more than 5 weeks ago), the Edge Weekly carried the first speculative article entitled “Highway trust proposal back on the drawing board”.

A few days later on 6 April 2021, several mainstreammedia news outlets quoted the honourable Minister of Works, YB Datuk Seri Fadillah Yusof as saying, “The Government is reviewing its initial rejection of a proposal by Gamuda Berhad to take over four highways”.

“Initially, the Cabinet decided against acquiring Gamuda’s highways due tothe concern of increased financial burden to the government.”

“However, Gamuda came back with a new proposal for a new scheme as what was done by PLUS, where the concession will be extended, with a fixed rate but that is nowunder review,”he said.

Following this on 30 April 2021, the Minister announced that toll hikes for all highway concessionaires (not just Gamuda related ones) for 2021 shall be postponed to at least 2022, and the Governmentwould have to pay RM2.25 billion in compensation as a result. This latest announcement of toll-hike deferral had widespread media coverage. As a result, there was renewed media interest on our highway restructuring proposal and it was reported in the abovementioned queried Edge Weekly article, “When contacted, Gamuda declined to comment”.

Notwithstanding the above, we are now responding to BursaMalaysia Securities Berhad’s official query:

We affirm the honourable Minister’s statement above made on the 6 April 2021 and we affirm that our proposal to the Government does involve the sale of the highway concessions at fair market value, to an independent entity funded entirely by private debt capital markets, and that the speculated enterprise value of RM5.2 billion in the recent 8 May 2021 the Edge Weekly article, is incorrect.

We also affirm that theproposal involves keeping the current toll rates unchanged with no further increases, with a short concession extension in order to fully recusethe Government from paying any compensation (as is legally required of them as per the current Concession Agreements) for keeping the toll rates as they currently are, for the entire proposal period. In our proposal, the Government would have no stake norinterest in the buying entity, and therefore need not spend any of its own monies in the acquisition and further, need not provide any Government Guarantee.

We will update BursaMalaysia Securities Berhadonce we have a definitive decision regarding our proposal and all of its salient details, from the Government. Until then, we are unable to comment further as we are still in talks with the Government.

This announcement is dated 10 May 2021


## https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3156049
12/05/2021 12:43 PM
Keyman188 Description

GAMUDA BERHAD [CO. REGN. NO. 197601003632 (29579-T)] ("GAMUDA" or "COMPANY")

- REPLY TO THE LETTER FROM BURSA MALAYSIA SECURITIES BERHAD DATED 10 MAY 2021


Query Letter Contents

We refer to the media article entitled “Gamuda plans RM5.2 bil highway trust company” appearing in the TheEdge Malaysia dated 10 May 2021, a copy of which is enclosed for you reference. In particular, we would like to draw your attention to the sentences which are reproduced as follows:



“Gamuda Bhd has proposed to the government for the four highway concessions under its stable to be placed into a trust company.”

“In the proposal that had been sent to the Works Ministry, Gamuda proposed that the highways be placed in a special purpose vehicle called Amanah Lebuhraya Sdn Bhd. The highway trust company will be overseen by a board of directors.”

“Amanah Lebuhraya would then go on to raise money from bond investors to buy up the four highways from Gamuda. In return, Gamuda – the main proponent of the highway trust- envisages that the bond investors would get a return of about 5%.”


##https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3156049
12/05/2021 12:45 PM
Keyman188 If successfully disposal of highway concessions to trust company...

Most likely every year earnings per share shall be decelerated substantially due to highway concessions are Gamuda one of the major income contributions...
12/05/2021 12:57 PM
BatteriesNotIncluded @EST85

You can google it yourself. Gamuda really got kicked out of MSCI Index.
12/05/2021 1:22 PM
EST85 Ok. Just see the news. no a big deal. lol
3rd time become Shareholder. Come on Gamuda!
12/05/2021 1:34 PM
BatteriesNotIncluded Here is the official list from MSCI itself. Gamuda and GenP got deletion.

https://app2.msci.com/eqb/gimi/stdindex/MSCI_May21_STPublicList.pdf

Funds needs to clear RM30m from GenP and RM100m from Gamuda. Last day is 28th May.
If wanna buy, wait till after 28th.
12/05/2021 1:36 PM
BatteriesNotIncluded anyway, RM100m in a RM8.2B market cap is nothing.
12/05/2021 1:37 PM
UncleFollower Gamuda removed from MSCI Msia but it will be added to MSCI Msia small cap index

MRDIY missed addition into MSCI as widely expected that's why it's down today

All these counters run by passive funds...smae thing happeend to YTL last round followed by a swift rebound then dip
12/05/2021 1:46 PM
UncleFollower This is a fantastic stock and Ooi Teik Bee's Ms Universe warrant. Ooi got killed in the process. Gamuda is nice but after Najib less so and always range bound. Goodluck bottom fishing
12/05/2021 1:47 PM
DickyMe Moving shhitty counters elsewhere still permeates their natural stink
12/05/2021 1:47 PM
EST85 Gamuda will join to them?

https://www.msci.com/documents/10199/0edac08a-6923-40f4-94b8-ccd143dccd5e
12/05/2021 2:33 PM
Keyman188 Kossan, Supermax to be added as MSCI Global Standard Indexes constituents, IJM Corp dropped

(theedgemarkets.com / August 13, 2020 09:28 am +08)

## https://www.theedgemarkets.com/article/kossan-supermax-be-added-msci-global-standard-indexes-constituents-ijm-corp-dropped




Aiyo...why so concern about MSCI so much...

Keyman188 more concern future earnings growth lahhh...

You all see above what happened for IJM during last year Aug...also delisted from MSCI then nosedived to 1.20...(Keyman188 catch the falling knife lahhh that time)....
12/05/2021 2:47 PM
Keyman188 Even though added to MSCI also no different mahhh...

You all see what happened for Kossan last year Aug...

After announcement shot up to RM 16.78 (before bonus issue)...

Then what is the current price now !!!....
12/05/2021 2:49 PM
Keyman188 Do you all feel funny...

One is moving upward after delisted from MSCI...

The other is moving downward after added into MSCI...

So conclusion is more focus on future growth earnings instead of so much compliance to the constituents of MSCI...
12/05/2021 2:52 PM
Keyman188 So Keyman188 more & more need to know the future if Gamuda really dispose all highway concession to trust company...


THIS IS THE MAIN CONCERN & PROSPECTIVE......






Posted by Keyman188 > May 12, 2021 12:57 PM | Report Abuse X

If successfully disposal of highway concessions to trust company...

Most likely every year earnings per share shall be decelerated substantially due to highway concessions are Gamuda one of the major income contributions...
12/05/2021 2:54 PM
James Mine making another lowest what price soon
12/05/2021 3:04 PM
EST85 I still remember when TM kick out the KLSE index. below RM 3 all say no hope. But one of my friend keep buying. Nowadays he is retire mood.
This time is good chance to collect more.
12/05/2021 3:05 PM
tnang My target price rm3 to enter
12/05/2021 5:49 PM
ivanlau If based on forward eps 16 x average pe 16 - 17, the fair value in year 2021 only around rm 2.60 - 2.80 . today closing 3.30 ......
13/05/2021 9:49 AM
ytrading Why selling volume so high (3milions lots)?
17/05/2021 4:13 PM
SHOB any gd mews
17/05/2021 5:15 PM
HuatAh8809 Any good news?
18/05/2021 2:35 PM
kinuxian Index fund mgr settled their sell off? RSS volume done at 4.4mil units yesterday.
18/05/2021 2:49 PM
Godstock8888 can enter now ?
24/05/2021 11:12 AM
sten_still finished sell down ? I want to buy
24/05/2021 4:35 PM
newbie4444 LRT accident caused by Gamuda?
26/05/2021 3:39 AM
Ron90 giler..sold at 4.20..managed to get back at 4.10.. 127 mil dump ..musy be by big IB..tomorrow would be the last day..
27/05/2021 5:01 PM
kinuxian Perhaps dragged till Monday unless some big boys procrastinated.

They all kinda pakat to trade today. :)
27/05/2021 5:06 PM
Raiz368 Will fall below rm3.00 soon
27/05/2021 11:27 PM
Ron90 tomorrwo last day to clear their stock..
30/05/2021 10:26 PM
SHOB any news for the lastest project ,
03/06/2021 1:42 PM
cktay Anyone knows why MMC suspended? 10s up
03/06/2021 3:07 PM
UncleFollower is that even a serious question on 4th of Jun after market close
05/06/2021 4:13 PM
Sharefisher Any long term holder here can share the future of gamuda? Good to enter now?
09/06/2021 5:04 PM
value_invest GOOD Value to accumulate now, Coming projects to be announced: 1) One of Australia's projects in June, gamuda is shortlisted for few projects worth AUS few bil, 2) MRT 3 which the gov has agreed to go on, tendering is expecting soon, 3) Penang's Master Transport Projects worth RM10bil. More, Expecting good coming QR from oversea's property sales, especially Vietnam. Lastly, The setting Up of Highway Trust worth of more than 5.5 bil to unlock the value... Expecting another special dividend too when the disposal of highway is materialized. At this price, the value is emerged with limited downside...
09/06/2021 5:52 PM
Sharefisher Thanks value_invest for adding few points that not in my mind..
09/06/2021 7:07 PM
SHOB agree with the above view, epf is keep continued buying ,must be something is good tonbe happening.
10/06/2021 6:23 PM
Mtrade 5b orderbook scare what.
13/06/2021 11:01 PM
HuatAh8809 Yes, buy
13/06/2021 11:24 PM
Mtrade plus penang mass transport project another 10b, announcing soon
15/06/2021 12:13 AM
Sharefisher Loaded my first batch of gamuda after sold last year. Hope for the best.
15/06/2021 10:21 AM
siaokar Political uncertainties still affecting this counter.

Wait for the storm over to collect.
15/06/2021 10:23 AM
Bgt 9963 Good morning...!
15/06/2021 10:33 AM
Mtrade http://pgmasterplan.penang.gov.my/en/

Penang Mass transport plan!!! Massive plan for gamuda alone!
15/06/2021 10:59 AM
Sharefisher Slowly accumulate with batches is always working well for me.
15/06/2021 11:16 AM
SHOB any news for coming dividend
17/06/2021 5:50 PM
pang72 Slowly recover...
Vaccination speedy now...

Standby your butt to huat
20/06/2021 2:28 PM


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