Analysts maintain 'buy' calls on Gamuda as 3Q earnings meet expectations, expect more job wins
Quarterly net profit edged up 0.
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.
E&O's 4Q net profit dives 80% on-year on higher expenses
The lower earnings were also due to the higher selling and marketing expenses of RM4.
E&O’s Andaman Island Phase 1, The Meg and Arica get GreenRE Platinum Provisional Certifications
E&O managing director Kok Tuck Cheong: “We are honoured to receive recognition from Rehda for our Andaman Island Phase 1, The Meg and Arica.
NGO trio calls out Gamuda’s claim on rigorous EIA process and positive public support for PSI, a 'red herring'
“Gamuda claims that over 93% of public comments on the EIA favoured the reclamation project.
Gamuda: Scaling down reclamation in Penang is scant regard to rule of law
Gamuda raises the concern on the possible implications for “approval process of future development projects” given that the PSI project was scaled down half way through it.
Scale down of PSI has no earnings impact on Gamuda, says Public Investment Bank
"On top of that, we also expect the Bayan Lepas LRT under the Penang Transport Master Plan (PTMP) to kick off sooner than expected.
Govt plans to upgrade Penang and Subang airports, let private sector develop Carey Island port
The proposed Kulim airport "cannot be considered under current conditions”, said Anwar.
E&O sees rights issue, future sales supporting Phase 2 Andaman Island capex outlay
The group, which is seeking additional funds for the second phase of its 760-acre Andaman Island project, expects to have around RM500 million cash in hand next year despite downsizing its rights issue that was first proposed in February 2022.
Penang govt previews Penang South Islands to empower Malaysia's E&E and service industries
“With the aim of building a city of the future, PSI will continue to encourage the entry of high-end industries and global business services to create a dynamic ecosystem that will [in turn] create high-paying, high-value jobs for the masses.
