Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
Gamuda Bhd has achieved an all-time high construction order book of RM36 billion for the second quarter ending January 31, 2025 (2Q25), breaking its own record for the fourth consecutive year.
Key Highlights:
Revenue: Increased by 19% to RM4 billion, compared to RM3.4 billion in 2Q24.
Net Profit: Rose by 5% to RM218.8 million, compared to RM208.8 million in 2Q24.
Overseas Earnings: Contributed 53% of total construction earnings, with the remaining 47% from domestic projects.
Penang Land Reclamation: Reclaimed 91 acres of land by January 2025, driving growth in domestic revenue.
Half-Year Performance (1H25):
Revenue: Grew by 32% to RM8.2 billion, compared to RM6.2 billion in 1H24.
Net Profit: Increased by 5% to RM424 million, compared to RM403.8 million in 1H24.
Outlook:
Gamuda's domestic order book is expected to expand further next month with the signing of several large domestic contracts, driving future growth in margins and earnings for its construction division.
The company remains resilient, backed by its record-high construction order book of RM36 billion and unbilled property sales of RM7.2 billion. It maintains a healthy balance sheet with a net gearing of 39%, well below its self-imposed limit of 70%.
Gamuda is well-positioned for continued success, with solid growth prospects on the horizon.
Comments
Post a Comment