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.
“Property sales rose to an all-time high of RM4.
Investors take heed: “Follow the infrastructure to find the property hotspot” is no longer the only golden mantra for investing.
KUALA LUMPUR (June 25): The Perikatan Nasional (PN) government may not proceed with the takeover of four toll highways which Gamuda Bhd has a majority stake in — Damansara-Puchong Expressway, SPRINT Expressway, Shah Alam Expressway, and SMART Tunnel — according to Affin Hwang Capital Research.
KUALA LUMPUR (March 26): Sunway Construction Group Bhd (SunCon) said it had received a letter of award (LoA) on highway construction, from the National Highways Authority of India (NHAI) worth a total 8.
KUALA LUMPUR (Feb 7): Touch n' Go Sdn Bhd (TNG), which is planning to expand the use of its RFID tag beyond highways, is targeting to double its RFID tag users — which number one million now — by the end of this year.
Construction sector Maintain market weight: The New Straits Times has reported that the government is planning to acquire 15 highways nationwide for RM43 billion via issuing debt to the concessionaires.
KUALA LUMPUR (March 23): Investors in Gamuda Bhd’s securities have met with the company on March 15 over the nationalisation of the four highway concessionaires in which the contractor has stakes, reported The Edge Malaysia in its latest issue.
KUALA LUMPUR (Feb 26): The acquisition of four existing highways from Gamuda Bhd will save the government RM5.
KUALA LUMPUR (Aug 20): The government has not made a decision on the gateless gantry toll system using radio frequency identification (RFID) at all major highways, said Transport Minister Anthony Loke.