GAMUDA (5398): Financial Annual Results (Unaudited)

Gamuda Bhd (KL:GAMUDA) and Sunway Bhd’s (KL:SUNWAY) construction arm emerged as HLIB’s top picks as both companies have strong pipeline visibility and are in the earnings upcycle phase, it noted.

1 month ago

minichart

Budget 2025: Building Sustainable Growth and Market Opportunities in Malaysia

https://www.minichart.com.sg/2024/10/07/budget-2025-building-sustainable-growth-and-market-opportunities-in-malaysia/

3 weeks ago

Meow Meow Meow

3 weeks ago

A week ago CIMB has unseated Mabel Gamuda in Pole Position after overtaking Gamuda in Mabel's 12 Prince Portfolio.

Today Gamuda has unseated CIMB back to Pole Position..

Malaysia King of Construction, Gamuda will join Mabel's Princes; CIMB, Maybank, PCHEM, Sime Darby, Sunway and Mabel's Farmers; SDG, IOICorp and KL Kepong in FBM Top 25 KLCI constituents with Genting M’sia may give way his position to Gamuda.

Gamuda Berhad recently announced a one-for-one bonus issue. This involves issuing up to 2.98 billion bonus shares 1 to its shareholders, effectively doubling the number of shares they hold without any additional cost. The bonus shares will be issued fully paid, without capitalizing the group’s reserves.

This move comes on the back of a strong financial performance for the fourth quarter of FY2024, where Gamuda reported an 8.2% increase in net profit to RM272.49 million. The company’s revenue also saw a significant jump of 38.7% to RM4.72 billion.

To Our Success !

Meow Meow Meow

Stock: [CIMB]: CIMB GROUP HOLDINGS BERHAD

1 week ago | Report Abuse

# stkoay So attractive, topped up during pre close at 8.05...
30/09/2024 5:00 PM

Indeed stkaoy..

CIMB is now in Pole Position after overtaking Gamuda in Mabel's 12 Portfolio, thanks for accumulating yesterday when at it was sold at a Bargain Price. KLCI is up by 1 points today..

CIMB has never failed to deliver when it matters!!!

To Our Success !!!
09/10/2024 11:29 AM

3 weeks ago

Is 17th October the date for 1+1 Bonus Issues?

Meow

3 weeks ago

giant GOOG is coming to the doors of msia to train up young msians.

this is a DREAM comes TRUE!
https://www.thestar.com.my/news/nation/2024/10/11/gamuda-launches-inclusive-artificial-intelligence-academy

NB: young msians 🙏 to the right GOD.

Is GAMUDA having big JV with GOOG to start new AI biz?

https://www.tradingview.com/x/VwzzMmc9/

Mr. Justin Chin Jing Ho

Aged 33
Alternate Director to YBhg Dato’ Ir Ha Tiing Tai and Managing Director, Gamuda Engineering

BOARD COMMITTEE MEMBERSHIP
• Member of Risk Management Committee

OTHER DIRECTORSHIP(S)

Listed Corporation/Corporations
• Nil

Public Company/Companies
• Nil

Mr. Justin Chin Jing Ho was appointed as the Alternate Director to YBhg Dato’ Ir Ha Tiing Tai on 18 October 2021.

A success story of the Gamuda Scholarship, Mr. Chin’s journey in the Gamuda Group began in 2008 when he was awarded a full scholarship to pursue his tertiary education. Soon after, he joined Gamuda as a Tunnel Engineer on the first Klang Valley Mass Rapid Transit (KVMRT) Project, the MRT Kajang Line, in 2012. Since then, he has held various positions within the Gamuda Group.

With over ten years of experience in the tunnelling sphere, Mr. Chin brings a wealth of technical expertise, competencies and knowledge to the business. He was appointed as the Tunnel General Manager for MMC Gamuda KVMRT (T) Sdn Bhd in 2018 and was responsible for delivering the 13.5 km of twin-bored tunnels for the MRT Putrajaya Line. He has also been involved with the Group’s local and regional engineering business operations in Singapore, Australia, Vietnam and Taiwan. Mr. Chin’s capabilities in tunnel engineering and digitalisation have led to the birth of the world’s first autonomous tunnel boring machine (A-TBM) in 2019, developed entirely in-house by a team of passionate young Gamuda engineers.

This innovative technological breakthrough has won numerous international accolades and awards, propelling Gamuda to the forefront of the global tunnelling fraternity.

Mr. Chin held the position of Special Officer to the Group Managing Director of Gamuda Berhad in 2020 before stepping up as an Executive Director of Gamuda Engineering in January 2021. He assumed the role of Managing Director of Gamuda Engineering on 1 August 2021 in line with Gamuda Group’s succession plans, transitioning to next-generation leaders for Gamuda’s sustainable long-term growth.

Mr. Chin leads the strategic direction and overall business performance of Gamuda’s engineering arm. He also oversees the delivery of the Gamuda Green Plan 2025 as Gamuda Group deepens its commitments to sustainable planning and design, as well as reducing its carbon emissions.

Mr. Chin holds a Master’s Degree in Civil and Environmental Engineering from Imperial College London, United Kingdom.

Mr. Chin has no family relationship with any Director and/or major shareholder of the Company, has no conflict of interest with the Company and has no conviction for any offences within the past five years (other than traffic offences, if any). Additionally, there were no public sanctions or penalties imposed by the relevant regulatory bodies during the financial year.

3 weeks ago

SourDosey

Gamuda outsources some data center work to LFE

https://themalaysianreserve.com/2024/10/16/lfe-lands-rm39m-data-centre-subcontract-from-gamuda/

2 weeks ago

stncws

RM10in 2026

2 weeks ago

Income

真是令人惊奇

2 weeks ago

Construction Sector: Despite a reduction in development expenditure, the construction sector remains favored by the market. In Budget 2025, the government has allocated RM2.8 billion for federal road maintenance and RM5.5 billion to the MARRIS fund for national roads. Furthermore, 12 flood mitigation projects worth RM3 billion have been greenlit and are progressing as planned. MIDF Research identifies the construction industry as a primary beneficiary of Budget 2025, with top stock picks including $IJM (3336.MY)$, $GAMUDA (5398.MY)$, and $MCEMENT (3794.MY)$.

1 week ago

kancs3118

Gamuda don't really need Malaysia shitty budget 2025 or that pissy MRt3

1 week ago

kancs3118

Gamuda don't really need Malaysia shitty budget 2025 or that shitty MRt3 that forever does not materialise

1 week ago

Gamuda JV wins RM4.3 bil MRT job in Taiwan
Myia S Nair/theedgemalaysia.com
22 Oct 2024, 01:20 pm
Updated - 02:33 pm

https://theedgemalaysia.com/node/731078

1 week ago

INVESTORS, [2024-10-22 2:11 AM]
this young MD from world top 2 school made GAMUDA great again,
in many countries now:

https://theedgemalaysia.com/node/731078

https://www.tradingview.com/x/kUd1Wj8r/

1 week ago

AllIsVanity

Just When I Thought I Was Out, They Pull Me Back In!

1 week ago

wahidul

come on let’s fly Gamuda

1 week ago

wahidul

total value of the contract is more than RM11billion

1 week ago

troy88

Congrats to believers of this construction king!

1 week ago

Meow Meow Meow

Gamuda you are the Best !

1 week ago

troy88

Well done ATH construction king. Naysayers who were pissing on Gamuda since RM5 all hiding now lol..

1 week ago

sell

1 week ago

yeinemesis

UP! As long no construction issues, no earthquake in Taiwan, no confrontation between China & Taiwan & trump presidency don't penalize pmx for joining brics.

1 week ago

yeinemesis

Easy profit by Sellers today. Tomorrow another round.

1 week ago

Finally BUY call from most of IB !! Worth to hold since August till today , haha

1 week ago

Wow what happen to Gamuda today?

Luckily yesterday sold 50 %....

Time to collect back soon...

1 week ago

Don’t panic !!! Retest higher & higher …
9 is on the way , hold saja

1 week ago

Undervalued counter !!

1 week ago

Global wind power to rule electricity market - Gavin Maguire

Gamuda's young MD from world top 2 school, is helping the co to construct a mega wind power in aust.
the 1st co in msia with knowhow to do huge n forever growing biz...

https://klse1.i3investor.com/blogs/kianweiaritcles/2024-10-25-story-h472730632-Global_wind_power_to_rule_electricity_market_Gavin_Maguire.jsp

1 week ago

xiaoeh

Posted by jenson68 > 10 minutes ago | Report Abuse
Undervalued counter !!

Dear Jenson68
may i know what your real value / intrinsic value of Gamuda is?

1 week ago

With all contracts in hand , this counter may surge and fly higher !! TP 9.80

1 week ago

xiaoeh

Noted and Thanks Jenson68

1 week ago

Fasten the seat belt …haha

1 week ago

wahidul

another RM3 billion contract announced

1 week ago

forest18

Yup another RM3 billion
https://theedgemalaysia.com/node/731660

1 week ago

See market reaction on Monday ..

1 week ago

AllIsVanity

The top price should be RM11 and above.

1 week ago

kancs3118

Gamuda don't need the budget 2025 or the forever cannot materialise MRT3.

1 week ago

Gamuda wins RM3.048bil contract for Ulu Padas Hydroelectric Project in Sabah
Corporate News
Friday, 25 Oct 20245:48 PM MYT

https://www.thestar.com.my/business/business-news/2024/10/25/gamuda-wins-rm3048bil-contract-for-ulu-padas-hydroelectric-project-in-sabah

1 week ago

Gamuda,
suddenly go places n is winning all the mega projects.
MRT, DC to wind power n now 45% owner in Hydro RE:

https://www.thestar.com.my/business/business-news/2024/10/25/gamuda-wins-rm3048bil-contract-for-ulu-padas-hydroelectric-project-in-sabah

https://www.tradingview.com/x/xd7KPL5B/

1 week ago

https://www.thestar.com.my/business/business-news/2024/10/25/gamuda-wins-rm3048bil-contract-for-ulu-padas-hydroelectric-project-in-sabah?_sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFBBHQ&stm_medium=email&_stm_source=smartech

Scaling up for 2025…It was a wise decision to collect Gamuda yesterday

Gamuda Bhd has accepted a letter of award from Upper Padas Power Sdn Bhd (UPPSB) to serve as the total development contractor (TDC) for the 187.5MW Ulu Padas Hydroelectric Project in Tenom and Sipitang Sabah, in partnership with Conlay Construction Sdn Bhd (Conlay).

The scope of work includes the design, construction, testing and commissioning of a 187.5MW hydroelectric plant involving a roller-compacted concrete dam, a main and secondary powerhouse, water conveyance system, project access, and other permanent facilities which include a 275kV switchyard, 33kV sub-transmission line, workshop, stores and operation facilities, and a residential village.

1 week ago

alenac

Funds upgraded to more than RM10 per share.

6 days ago

Kaizenzon

Contra players pants drop

6 days ago

yeinemesis

Right time to buy

6 days ago

Accumumute when dipped , all IB gave high TP !! Be patience

5 days ago

Gamuda gets robust valuations following new RM3 billion hydro project in Sabah
Rachel Lau on October 29, 2024, Tuesday at 3:39 PM

https://www.theborneopost.com/2024/10/29/gamuda-gets-robust-valuations-following-new-rm3-billion-hydro-project-in-sabah/

4 days ago

SourDosey

https://www.thestar.com.my/business/business-news/2024/10/29/gamuda-likely-to-exceed-target

Analysts are positive about Gamuda Bhd’s prospects following the group’s Sabah hydroelectric power plant contract win.

Gamuda, together with its joint-venture (JV) partner Conlay Construction Sdn Bhd, had formalised the construction contract for the 187.5MW Upper Padas build operate and transfer hydroelectric power plant in Sabah from Upper Padas Power Sdn Bhd last Friday.

Gamuda has a 75% stake in the JV and Conlay Construction 25%.

Of the RM3.048bil Sabah hydro contract, Gamuda’s projected revenue is pegged at RM2.3bil based on its 75% stake in the JV, according to analysts.

CGS International (CGSI) Research, in a report, said: “We think Gamuda is on track to exceed the higher end of its forecast RM30bil to RM35bil order book guidance by end of 2024.”

The group’s year-to-date wins are about RM15.5bil, bringing its order book to RM31bil as at October, the the research housenoted.

CGSI Research said “Gamuda needs to clinch an additional RM9bil in new wins to achieve an order book of RM35bil by end-2024, assuming a burn rate of RM1bil per month.

“We expect incremental new wins for the rest of 2024 to be from local projects, such as Penang Light Rail Transit (LRT), Sabah water treatment plant and data centres.”

According to the research house, there is a potential for some project wins in Australia before the year-end from Gamuda’s 100%-owned subsidiary, DT Infrastructure.

Local projects contributed 30% of the group’s total order book of RM31bil as at October versus 22% in January while foreign projects from Australia, Taiwan and Singapore made up the remaining 70%.

“We expect the share of local projects to rise to 44% of its order book by December this year, with potential wins from Penang LRT and Sabah hydro,” added CGSI Research.

It had reiterated its “add” call on the stock with a target price (TP) of RM10 a share.

This was premised on Gamuda’s diversified order book, increasing data centre exposure and growing property business.

It noted the key rerating catalysts include more construction wins and stronger property sales.

Meanwhile, Kenanga Research, in a note to clients, said the confirmation of the latest contract would see Gamuda with a projected revenue of RM2.29bil based on its 75% stake, and a pre-tax profit margin of 10% for this project.

“We are positive on this project, which is widely anticipated as it was previously awarded the concession, but pending finalisation of the engineering, procurement, construction, and commissioning, contract.

“Its order book is nearing its end-2024 target of RM35bil. We maintain an ‘outperform’ rating at a TP of RM9.20,” it added.

The research house has also maintained the group’s new job win assumption at RM14.5bil and RM15bil for FY25 and FY26 respectively.

“We like Gamuda for being in the driver’s seat of the Mutiara Line of the Penang LRT, its ability to secure new jobs in overseas markets and its strong war chest after the disposal of its toll highways,” the research house noted.

Furthermore, the group’s strong earnings visibility is underpinned by a record outstanding order book (excluding Penang LRT) and its inroads into the renewable energy space.

RHB Research, in its report, pointed out that the latest contract was Gamuda’s third win for FY25.

As for year-to-date FY25 new jobs wins, Gamuda has clinched around RM6.2bil worth of new contracts (including the Upper Padas Hydro project) versus Kenanga Research’s FY25 job replenishment target of RM20bil.

The research house said: “There are more projects related to Upper Padas Hydro, which may arise in the coming quarters or next financial year, in our view, namely the water supply scheme and also the floating solar solution.”

“Assuming a burn rate of RM11bil from November to end-December 2025, the group needs to win RM20bil of new contracts from November until December 2025 to meet the lower end of the order book target range of RM40bil by end-2025,” it noted.

RHB Research has a “buy” call on the stock with a TP of RM10.52 a share.

4 days ago

newbie8080

Gamuda made good call to offload highway infrastructure in its portfolio a few years back.
This allows better cashflow management and flexible to expand it's order book globally.

4 days ago

Non stop awards !!!

2 days ago