Date of Report
October 28, 2024
Broker Name
CGS International
Company Overview
Gamuda is a prominent Malaysian infrastructure and property development company known for its involvement in various construction projects, including highways, railways, and water treatment facilities. The company is committed to enhancing its profitability through strategic project wins and effective management practices.
Stock Performance
- Recommendation: Maintain Add
- Target Price (TP): RM10.00
Recent Developments
Gamuda has recently secured a significant hydro project in Sabah, which is expected to enhance its profit margins. This win is seen as a pivotal factor in the company’s recovery and growth trajectory moving forward.
Investment Recommendation
The recommendation to maintain an “Add” rating indicates a positive outlook for Gamuda, with the anticipated increase in project-related revenues contributing to its overall financial health. The target price reflects the expected growth potential stemming from recent project acquisitions.
