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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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Gamuda Earnings Seen Rising Another 40% After Record FY2025

Gamuda Bhd (KL:GAMUDA) could lift earnings by another 40% in FY2026 after delivering record results this year, analysts said, citing strong job flows and a recovery in property sales.

Market Snapshot

  • FY2026 earnings forecast: RM1.40b net profit (Bloomberg consensus).

  • Analyst ratings: 19 Buy, 2 Hold, 0 Sell.

  • Average target price: RM6.39 (vs current RM5.58).

  • Share performance: Up ~20% year-to-date, despite pulling back from record highs.

  • FY2026 property sales target: RM5.5b, backed by >RM2b launches in Malaysia and quick projects in Vietnam.

Growth Drivers Ahead

  • Projects in the pipeline: Data-centre tenders, Marinus Link conversion, Penang LRT packages, and Australian renewable-energy works expected in the coming months.

  • 2026 outlook: Analysts expect an “eventful year” with high certainty of project conversions.

Property Division Recovery

  • FY2025 property sales came in below Gamuda’s RM5b target.

  • RHB Research sees FY2026 sales target of RM5.5b as achievable, supported by domestic launches and Vietnam projects.

Key Takeaway

Analysts remain bullish on Gamuda’s earnings momentum, underpinned by a strong order book and improving property sales. With a consensus net profit forecast of RM1.40b and target prices above RM6, the stock remains a top pick in the construction and property space.

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