KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
Gamuda (KLSE: GAM) has long been a key name in Malaysia’s construction sector—but right now, it's building more than just tunnels and highways. It’s laying the foundation for its next phase of growth, quietly extending its reach into data centres, regional projects, and infrastructure upgrades.
A Pipeline That’s Actually Moving
Gamuda’s project pipeline isn’t just talk—it’s backed by recent wins and ongoing tenders. One major win: enabling works for a hyperscale data centre by Pearl Computing. That project alone puts Gamuda in a strong position, with several more data centre contracts from the same client in the pipeline.
Beyond that, the company is actively bidding for:
- Water treatment plant upgrades in Sabah
- Penang LRT works
- Rail and renewable energy projects in Australia
- Transit infrastructure in Taiwan and Sydney
Gamuda may have missed out on one large rail contract recently, but it has a full bench of upcoming opportunities—both local and overseas.
Construction Activity Picking Up
While earnings have been modest in recent quarters, that’s largely due to the early stages of large projects that haven't fully ramped up. Many of its Malaysian jobs are still progressing through the initial phases of the construction curve—where revenue and profit recognition tend to be slower.
As these projects gather pace, the business momentum is expected to improve naturally without needing new contracts just to keep the engine running.
Property: Steady Demand in Vietnam
On the property side, Vietnam remains a key contributor. Despite regulatory delays, Gamuda’s Eaton Park project in Hanoi has shown strong market interest, with earlier phases sold out quickly. While the company may fall slightly short of its ambitious presales targets this year, the underlying demand remains solid, especially in prime locations.
With more launches lined up, Vietnam will continue to be an important leg of Gamuda’s property engine.
What Makes Gamuda Stand Out?
- Robust order book with real visibility and diversification
- Regional exposure with established operations in Vietnam and Australia
- Trusted contractor for data centres and public infrastructure
- Strong client relationships, especially with repeat tech and MNC partners
MoneyMaster Take
Gamuda isn’t chasing hype—it’s executing on contracts. In a market filled with noise, it stands out for what matters most: delivery, discipline, and long-term positioning.
As Malaysia scales up on infrastructure and regional projects open new doors, Gamuda’s quiet consistency could deliver solid results for long-term investors.
If you’re looking for stable names with strong pipelines—not just short-term momentum—this is one worth keeping on your radar.
Comments
Post a Comment