A sapphire in the field of infrastructure, Gamuda Berhad💎
Gamuda is a long-established infrastructure company, co-founded by Lin Yunlun and Mr. Guan Youyuan. Since its establishment in 1976, it has been a significant pillar of Malaysia's architecture engineering, including the North-South Highway, MRT/LRT rapid transit system, Smart tunnel, LDP highway, and the upcoming Penang Island reclamation project (PSI).
Its business development covers 9 countries, including Malaysia, Singapore, Vietnam, United Kingdom, Australia, Taiwan, India, Panama, and Qatar.
Since the change of government in 2018, several large-scale projects have been forced to be postponed or even canceled, such as the East Coast Rail Link, Bandar Malaysia, MRT3, and the Kuala Lumpur-Singapore high-speed rail, evaporating billions of dollars in development value. However, a strong foundation has enabled Gamuda to quickly emerge from the downturn, actively bidding for international infrastructure orders, expanding property projects, and reducing reliance on government projects.
Since the change of government in 2018, several large-scale projects have been forced to be postponed or even canceled, such as the East Coast Rail Link, Bandar Malaysia, MRT3, and the Kuala Lumpur-Singapore high-speed rail, evaporating billions of dollars in development value. However, a strong foundation has enabled Gamuda to quickly emerge from the downturn, actively bidding for international infrastructure orders, expanding property projects, and reducing reliance on government projects.
In the past few years, it has won many contracts, and as of the latest record, it holds order value of up to 25.1 billion Malaysian Ringgit, which is enough to contribute to at least 3 years of revenue.
The very healthy asset capability and return on investment for shareholders have made local renowned institutions such as PNB, EPF, KWP, and Lembaga Tabung Haji become significant major shareholders in recent years.
Recently, successfully sold 4 highways and allocated 1.47 billion for the acquisition of land in Ho Chi Minh City, in order to create a comprehensive development project, along with the newly obtained infrastructure project in Australia.
The outlook for the next few years is very optimistic, which is why as many as 20 analysts have "buy" calls on Gamuda, with an average target price of RM5.
Would you enter the market for this strong leader in infrastructure at this time? Please feel free to leave a comment and let me know your thoughts.
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