Wednesday, April 23rd, 2025

Gamuda: A Strategic Buy as Hydro Project Wins Propel Margin Recovery

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.

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