Analysts remain upbeat on Gamuda’s outlook, with CGS International Securities estimating the combined construction value of the Weasel Solar and Cellar Hills Wind farms at RM3.
“We expect the group’s performance to catch up in the final quarter, which has historically been its strongest.
The group's domestic operations have gained significant momentum, with orders now contributing 41% of the overall RM35 billion construction order book, up from 28% last year.
Gamuda’s secured projects include Segment 1 of the Penang Light Rail Transit (LRT) and data centre developments in Negeri Sembilan, which are expected to drive the company towards achieving its order book target of RM40 billion to RM45 billion this year.
The expansion at the southern tip of Gamuda Cove will allow the company to develop landed homes and commercial properties with a gross development value of RM2.
“They will complement our existing attractions like SplashMania and Discovery Park, offering something for every visitor, from thrill-seekers to nature lovers, and families with young children.
MIDF Research said Gamuda's current order book had hit a record high of RM37 billion, with RM15.
It accepted the letter of award from Gamuda Engineering for works covering mechanical, electrical, and plumbing (MEP) fit-out.
Gamuda said the deal reflects its shift toward being a full-service partner for hyperscale data centre developments.
It said the tender encompasses the construction of a new terminal and renovation works for the existing terminal building, inclusive of local infrastructure works, building services, and interior design enhancements.
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