Gamuda's projects in Taiwan unaffected by earthquake, says RHB IB
The research firm said the construction sites of Gamuda’s projects are far away from Hualien, at least 200km from the epicentre.
The research firm said the construction sites of Gamuda’s projects are far away from Hualien, at least 200km from the epicentre.
The group’s construction and property earnings grew 35% to RM195 million in 1QFY2024, compared with 1QFY2023’s earnings of RM145 million.
Maybank Investment Bank Bhd (Maybank IB) said that Gamuda winning the contract to design and build the Kaohsiung Mass Rapid Transit (MRT) metropolitan line has lifted the group’s outstanding orderbook by 15% to RM23.
On a quarter-on-quarter basis, Gamuda’s latest quarterly net profit rose 14.
Gamuda said it was appointed as the main contractor for the package of the TaoYuan City Underground Railway Project by Taiwan's transportation ministry and state-owned railway company Communications’ Railway Bureau.
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