Gamuda's FY2023 net profit crosses RM1b on disposal of highways; overseas construction revenue surges fourfold to RM3.5b
“Property sales rose to an all-time high of RM4.
RHB IB remains upbeat on construction sector, names Gamuda, Sunway Construction and Kerjaya Prospek as top picks
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
Gamuda Land partners ENGIE to accelerate sustainable township development in Malaysia
“We designed and planned our townships with a target to achieve at minimum a 30% overall reduction in carbon emission, as compared to the business-as-usual design.
Gamuda buys 9.1-acre land in Vietnam for US$315 mil for mixed-use development
The company said this mixed-use development site has a projected gross development value (GDV) of US$1.
Gamuda, VTAR sign MOU to launch Digital IBS course
Gamuda noted that this RM30 million partnership will see the company collaborating with VTAR to create the Certificate in Digital Manufacturing in Construction programme.
Analysts maintain 'buy' calls on Gamuda as 3Q earnings meet expectations, expect more job wins
Quarterly net profit edged up 0.
Lin Yun Ling continues as Gamuda’s group MD until mid-2028
In a bourse filing on Thursday (June 22), the engineering, property and infrastructure group said it had approved the renewal of the employment contract of the 68-year-old engineer-turned-corporate leader from July 1, 2023 to June 30, 2028.
Gamuda's 3Q net profit edges up to RM223.36 mil on stronger overseas earnings, pays six sen dividend
On a quarter-on-quarter basis, Gamuda’s latest quarterly net profit rose 14.
Gamuda kicks off Penang South Island reclamation with RM3.7b Phase 1 works
This involves about 1,260 acres of the total 2,300 acres to be reclaimed for the island known as Island A, which the project developer Silicon Island Development Sdn Bhd — the 70:30 joint venture between Gamuda and the Penang state government — had previously estimated would cost RM6 billion in total to reclaim, with the cost of common infrastructure expected to be RM2.
CGS-CIMB expects Gamuda's core net profit to rise 7% in FY23F
CGS-CIMB said that once earnings delivery picks up for its maiden Australia project Sydney Metro West which is 20-25% complete, that should instill more investor confidence in Gamuda’s ability to execute projects in Australia.
