Gamuda 2Q net profit rises 7% as overseas projects continue to drive earnings
Revenue more than doubled to RM3.
Revenue more than doubled to RM3.
The Maya Bay Residences serviced apartment and Enso Woods two-storey terraced homes are targeted for vacant possession in March and July, respectively.
The three higher education institutions Gamuda Land signed MOUs with are International Islamic University Malaysia (IIUM), Universiti Teknologi Malaysia (UTM) and Universiti Putra Malaysia (UPM).
5G technology is expected to revolutionise the way smart cities operate, offering faster communication for Internet of Things (IoT) devices, enhancing smart home efficiency, and improving community safety and security.
Prior to the current earthworks contract for the Gamuda Gardens Park project, Advancecon had previously completed earthworks for the adjacent Gamuda Gardens township in Rawang in 2020.
The plots are also contiguous to two other parcels that Eupe bought in 2022 from SNTDSB for a total of RM55.
There are currently 20 "buy" calls and only one "sell" call on Gamuda, with a 12-month average target price (TP) of RM5.
The group’s construction and property earnings grew 35% to RM195 million in 1QFY2024, compared with 1QFY2023’s earnings of RM145 million.
This project is part of Singapore’s 15-kilometre (km) Cross Island Line Phase 2 (CRL2) Mass Rapid Transit (MRT) line, which is also Singapore’s eighth MRT line, comprising six stations.
Comprising 280 rooms across 13 storeys with room sizes ranging from 220 sq ft (square feet) to 650 sq ft, ASAI Gamuda Cove has a total built-up area of 180,000 sq ft and it is slated to open in 1Q2026.