{
  "id": 10836224,
  "title": "Gamuda shares rise after record RM1.05b FY2026 profit",
  "url": "https://urgent.news/2026/09/30/gamuda-shares-rise-after-record-rm1-05b-fy2026-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T02:29:04.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/09/30/gamuda-shares-rise-after-record-rm105b-fy2026-profit/237083"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Sept 30 — Gamuda Bhd witnessed its share price surge in early trading on Wednesday following the company's announcement of a five percent hike in net profit to RM1.052 billion for the financial year ended July 31, 2026 (FY2026). This marked its fifth consecutive year of record earnings. Revenue for the period also increased by 14 percent, reaching an all-time high of RM18.6 billion, fueled by stronger construction performance. Gamuda's construction order book soared to a record RM61 billion. By 10.05am, Gamuda's share price had climbed by nine sen to RM5.07, with a trading volume of 18.09 million shares. CIMB Securities Sdn Bhd noted that Gamuda's consistent order book pipeline and improving construction margins prompted them to raise their FY2027 and FY2028 core profit forecasts by four percent and one percent to RM1.23 billion and RM1.54 billion, respectively. Consequently, the stockbroking firm retained its \"buy\" recommendation on Gamuda, raising its target price (TP) to RM6.10 from RM6.00 previously. MBSB Investment Bank also upheld its \"buy\" stance on Gamuda, retaining an unchanged sum-of-the-parts (SOP) derived TP of RM5.60. The firm reiterated that Gamuda remains its top construction pick, buoyed by its record order book and improving earnings visibility.",
  "summary": "KUALA LUMPUR, Sept 30 — Gamuda Bhd’s share price rose in early trade on Wednesday after the company posted a...",
  "key_points": [
    "Gamuda reports RM1.052 billion FY2026 profit, 5% increase",
    "Revenue hits RM18.6 billion, 14% growth year-over-year",
    "Construction order book reaches RM61 billion record"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}