Posted by riffin > 2022-05-09 12:18 | Report Abuse

At this juncture it is unclear how the project will be funded. Nevertheless, the federal government did announce in March an additional RM15 billion for flood mitigation projects between 2023 and 2030.

Posted by riffin > 2022-05-09 12:18 | Report Abuse

This is a big step up from the RM1 billion that had been set aside for mitigation projects under the 12th Malaysia Plan.

Posted by riffin > 2022-05-09 12:19 | Report Abuse

At this stage the government is said to be evaluating all the proposals, and whether or not the project would involve tunnelling.

Posted by riffin > 2022-05-09 12:19 | Report Abuse

The unprecedented floods that took place in Selangor last December and in early January resulted in total losses of about RM3.1 billion.

Posted by riffin > 2022-05-09 12:19 | Report Abuse

The eight proposals that were sent in directly to the Prime Minister’s Office include some big names in the construction industry such as Gamuda Bhd, IJM Corp Bhd and Malaysian Resources Corp Bhd (MRCB).

Posted by riffin > 2022-05-09 12:19 | Report Abuse

Gamuda is familiar with flood mitigation projects, as it built the 10km Stormwater Management and Road Tunnel (SMART Tunnel) in Kuala Lumpur together with its partner MMC Corp Bhd in 2007 for about RM2 billion.

Posted by riffin > 2022-05-09 12:19 | Report Abuse

For this project, which it has dubbed the SMART2 Tunnel, Gamuda has proposed a 22km underground tunnel that includes tributaries, interceptor channels and a pumping system that pumps floodwaters into the sea. Its proposal also includes river improvement works that will increase the capacity of Sungai Klang by 10%.

Posted by riffin > 2022-05-09 12:20 | Report Abuse

The flood mitigation project proposed by Gamuda will be done in two phases and cover the flood-prone areas of Taman Sri Muda, Shah Alam, Setia Alam, Bandar Klang and Taman Sentosa.

Posted by riffin > 2022-05-09 12:20 | Report Abuse

The proceeds amounting to RM5.48 billion from the recent proposed divestment of all four of Gamuda’s highways to Amanat Lebuhraya Rakyat Bhd (ALR) will come in handy for the company. The divestment will result in an equity value of RM2.33 billion for Gamuda.

Posted by riffin > 2022-05-09 12:20 | Report Abuse

Earlier in April, the company received a conditional offer from ALR for its highways — its 70%-owned Kesas Sdn Bhd (Kesas Expressway), 51.6%-owned Sistem Penyuraian Trafik KL Barat Sdn Bhd (Sprint Expressway), 43.2%-owned Lingkaran Trans Kota Sdn Bhd (Damansara-Puchong Expressway) and 50%-owned Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd (SMART Tunnel).

Posted by riffin > 2022-05-09 12:20 | Report Abuse

Another company that is known for its expertise in tunnelling — besides Gamuda and MMC Corp — is IJM Corp. The latter was involved in the Pahang Selangor Raw Water Transfer Tunnel project, which involved the construction of three tunnels measuring 44.6km. The construction was completed in May 2014. The tunnel starts at Karak, Pahang, and runs as deep as 1,200m underground below the Titiwangsa mountain range and hot springs.

Posted by riffin > 2022-05-09 12:25 | Report Abuse

Gamuda Bhd says its four Klang Valley highway concession holding companies have each separately accepted the respective takeover offer extended by Amanah Lebuhraya Rakyat Bhd and sent their written acceptances to ALR on Monday (April 18). The concession holding companies — Kesas Holdings Bhd (KESAS), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT), Lingkaran Trans Kota Holdings Bhd (LITRAK) and Projek Smart Holdings Sdn Bhd (SMART) — are expected to start separate negotiations with ALR to finalise the terms and conditions of the respective definitive agreements for the disposals.

Posted by Sharefisher > 2022-05-10 08:59 | Report Abuse

Wau.. riffin... Buying big on gamuda.. Haha ha..

Posted by YoongGer > 2022-05-10 17:48 | Report Abuse

big shark coming ?

Posted by YoongGer > 2022-05-10 17:48 | Report Abuse

come on come on lets go

Posted by Investfrog > 2022-05-13 12:45 | Report Abuse

Gamuda let go, but no lets go... hahaha

Posted by LRWoo99 > 2022-05-18 07:40 | Report Abuse

Gamuda will hit RM4 soon

Posted by Sharefisher > 2022-05-25 11:20 | Report Abuse

Hope can collect more cheap tickets.

Posted by Mabel > 2022-05-25 13:51 | Report Abuse

All Good News..

Posted by klna75 > 2022-05-25 21:46 | Report Abuse

mabel, what is the good new?

Posted by Icon 888 > 2022-05-26 02:49 |

Post removed.Why?

Posted by troy88 > 2022-05-27 10:26 | Report Abuse

Gamuda stock always ding dong. When it's on sale it's a good buy coz it always rebounds later..

Posted by Sharefisher > 2022-05-27 14:13 | Report Abuse

https://www.mymrt.com.my/wp-content/uploads/2022/05/MRT-Corp-MRT3-CMC-EN.pdf

Posted by Sharefisher > 2022-05-27 14:13 | Report Abuse

Coming liao...

Posted by Riaz1954 > 2022-06-08 15:47 | Report Abuse

Sale should have been completed! We should soon get to know how much is set aside for special div…I reckon 20-30 cents per share is a possibility! Giving it a current value around 3.84.

Posted by Mabel > 2022-06-08 18:55 | Report Abuse

#klna75 mabel, what is the good new?
25/05/2022 9:46 PM

Lots of Good News...Special Dividend Cumming..

https://www.mymrt.com.my/wp-content/uploads/2022/05/MRT-Corp-MRT3-CMC-EN.pdf

Lots of MRT Projects coming up for Mabel’s King of Construction, Gamuda. Beside the above upcoming Projects. Here are the current engagements

EIGHT companies have put in separate proposals to the government for a flood mitigation project in flood-prone areas located in the west of the Klang Valley. The project cost under the various proposals is said to range between RM5 billion and RM15 billion between 2023 and 2030. This is a big step up from the RM1 billion that had been set aside for mitigation projects under the 12th Malaysia Plan. The unprecedented floods that took place in Selangor last December and in early January resulted in total losses of about RM3.1 billion.

The eight proposals that were sent in directly to the Prime Minister’s Office include some big names in the construction industry such as Gamuda Bhd, IJM Corp Bhd and Malaysian Resources Corp Bhd (MRCB). Gamuda is familiar with flood mitigation projects, as it built the 10km Stormwater Management and Road Tunnel (SMART Tunnel) in Kuala Lumpur together with its partner MMC Corp Bhd in 2007 for about RM2 billion.

For this project, which it has dubbed the SMART2 Tunnel, Gamuda has proposed a 22km underground tunnel that includes tributaries, interceptor channels and a pumping system that pumps floodwaters into the sea. Its proposal also includes river improvement works that will increase the capacity of Sungai Klang by 10%. The flood mitigation project proposed by Gamuda will be done in two phases and cover the flood-prone areas of Taman Sri Muda, Shah Alam, Setia Alam, Bandar Klang and Taman Sentosa.

The proceeds amounting to RM5.48 billion from the recent proposed divestment of all four of Gamuda’s highways to Amanat Lebuhraya Rakyat Bhd (ALR) will come in handy for the company. The divestment will result in an equity value of RM2.33 billion for Gamuda. The concession holding companies — Kesas Holdings Bhd (KESAS), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT), Lingkaran Trans Kota Holdings Bhd (LITRAK) and Projek Smart Holdings Sdn Bhd (SMART) — are expected to start separate negotiations with ALR to finalise the terms and conditions of the respective definitive agreements for the disposals. Once the Sale is completed! The shareholders will be rewarded with a Special Dividend -20 to 30 sen per shares is possible..

Posted by Mabel > 2022-06-08 18:56 | Report Abuse

Thank you riffin, Sharefisher and Riaz!

Meow Meow Meow

Posted by Mabel > 2022-06-08 18:58 | Report Abuse

https://paultan.org/2022/06/08/mrt-putrajaya-line-ready-to-start-from-june-16-served-by-20-train-sets-carrying-1200-passengers-in-total/?fbclid=IwAR1vM-kfoeMlOjiEyRxfJU6RGZ34vctTyC_GDj5635-f5kC7zeK-uSCk__M


MRT Putrajaya Line ready to start from June 16, served by 20 train sets carrying 1,200 passengers in total

Posted by Icon 888 > 2022-06-09 04:09 | Report Abuse

Go go go

Posted by Mabel > 2022-06-09 09:21 | Report Abuse

T&C of SSPAs finalised for highway concessions sale

ALR and each Concession Holding Company had, on 7 Jun, finalised the terms and conditions (T&C) of the share sale and purchase agreements (SSPA) to be executed upon fulfilment of all conditions set out, including shareholders approvals. Deal completion is targeted for 30 Jun, and Gamuda has earmarked MYR1b of the MYR2.35b proceeds for capital management activities, including a special dividend to shareholders. We make no change to our earnings forecasts and MYR4.28 RNAV-TP.

Posted by Hemsley > 2022-06-09 13:41 | Report Abuse

Drop pula.

Posted by Sharefisher > 2022-06-09 14:05 | Report Abuse

Steady... Construction will be coming soon.... Now struck by materials cost up and labour shortage..... When these problems cool down....buying interest will be coming... Hold tight tight first.

Posted by Titanium > 2022-06-09 14:33 | Report Abuse

earmarked 1B for capital management & special dividend? Ini macam minimum must have 35c la. If not, no justice. 35c is about 10% DY loh...better still is can give 38c. sure huat .....

Posted by klna75 > 2022-06-09 15:13 | Report Abuse

thank you mabel for updating information

Posted by hali > 2022-06-16 10:26 | Report Abuse

collecting...

Posted by Trader1188 > 2022-06-17 11:23 | Report Abuse

Heard that Gamuda is about to secure something big Down South. Is anyone here can shed some info?

Posted by Sharefisher > 2022-06-17 12:50 | Report Abuse

KLCI drops so much also no chance collect more cheap tickets. Hmmmm...

Posted by Trader1188 > 2022-06-17 13:47 | Report Abuse

@Sharefisher, Gamuda fundamental is strong and just secured a big project in Australia lately. Nett cash position after divest of highways, potential to secure more projects. Who wants to sell cheap? Hahaha

Posted by Sharefisher > 2022-06-17 15:59 | Report Abuse

See got any panic seller or not... Haha ha..

Posted by Mabel > 2022-06-17 22:06 | Report Abuse

Today Gamuda is one of the big mover In Bursa.Very Safe Company..

Posted by Riaz1954 > 2022-06-18 23:31 | Report Abuse

EPF buying ahead of the results as well as more clarity on special div. Further contract win announcement is due from Australia….get special div of 35 cents and reinvest half in shares!

Posted by Sharefisher > 2022-06-20 08:55 | Report Abuse

Hope no Bursa famous action, share price drops when good news out.... Haha ha...

Posted by Trader1188 > 2022-06-20 09:49 | Report Abuse

Gamuda is getting stronger by the footing… another RM2 bil contract wins. Soon ppl will look back at this price and say it’s cheap….

Posted by Sharefisher > 2022-06-20 10:12 | Report Abuse

Hmmmmm.. 10 cents drop...

Posted by Trader1188 > 2022-06-20 14:36 | Report Abuse

@Sharefisher, u wish come true! Many sellers want to sell cheap

Posted by warrenG > 2022-06-20 17:12 | Report Abuse

Only in Malaysia, price dropped when good news because all sharks are insider trading. Only retailer aka bilis cannot do insider trading

Posted by Icon 888 > 2022-06-20 20:42 |

Post removed.Why?

Posted by Mabel > 2022-06-21 10:31 | Report Abuse

More Good New Guys..

Mabel Gamudas 2nd Australia project win - main package for the Coffs Harbour Bypass has lifted its outstanding orderbook to MYR12.5b, based on its 50% stake in the JV which won the project (worth AUD1.35b) and its MYR10.4b outstanding orderbook as of early-Mar 2022. This latest win brings Gamuda closer to its MYR20b E&C orderbook target by mid-2023.

To Our Success !

Meow Meow Meow

Posted by ky75 > 2022-06-21 11:00 | Report Abuse

Yup....more good news will come....buy now when the price is low....

Posted by Riaz1954 > 2022-06-21 14:16 | Report Abuse

Gamuda is good value, shows it’s capability by winning off shore contracts in a competitive market. Deserves much higher rating ….it will happen matter of time. Meanwhile investors can get income from dividend and wait for new contracts …