Analysts upbeat on Gamuda’s overseas venture, substantial order book
MIDF Research: “Its bulging order book of RM24.
MIDF Research: “Its bulging order book of RM24.
The freehold development comprises 402 apartment units with a built-up of 900 sq ft.
Upon completion of the acquisition, Sunway pointed out that the acquisition will also entail financial requirements to fund the future development of Sakura Residence.
“To secure a competitive market advantage, GreenRock Energy has now become the first Taiwanese company to participate in a Malaysian government green energy project.
Gamuda's core net profit could come in between RM230 million and RM250 million for the third quarter ended March 31, 2024 (3QFY2024), the research house said in an earnings preview note.
The construction firm announced that its wholly owned subsidiary, Grand Dynamic Builders Sdn Bhd (GDBSB), had accepted a letter of award for the construction of Plot B of a logistics hub from Strategic Sonata Sdn Bhd.
As the main contractor, GDB has to design, build and maintain the five-storey ramp-up warehouse, complete with offices, amenities, and supporting facilities.
The packaging manufacturer cum property developer reported quarterly revenue of RM1.
The research house said Gamuda’s FY2024 year-to-date win is circa RM9 billion and it expects to secure another estimated RM14 billion by end-CY2024, bringing forward its RM25 billion target for FY2024-2025E by half a year.
The group has 17 ongoing construction projects, with an outstanding order book of approximately RM1.