Gamuda orderbook seen hitting RM60bil as contract pipeline builds
KUALA LUMPUR: Gamuda Bhd’s orderbook could rise to RM60 billion by year-end, about 20 per cent above its target, as strong contract wins and a visible pipeline support earnings growth, according to CGS International Securities Malaysia Sdn Bhd.
KUALA LUMPUR: Gamuda Bhd's orderbook could reach RM60 billion by the end of the year, exceeding its target by 20 percent, according to CGS International Securities Malaysia Sdn Bhd. The construction division is valued at 19 times FY27 earnings, and the latest A$624 million Australian contract boosts the FY27 year-to-date order wins to RM10.2 billion, raising the orderbook to RM62.5 billion as of September 2026.
Analysts cite strong contract wins and a visible pipeline as supporting earnings growth. CGS maintains a RM6.05 target price and expects the orderbook to hit RM60 billion by year-end, driven by the group's project pipeline and earnings delivery.
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