Gamuda is an infrastructure company with a long history. It was co-founded by Lin Yunlin and Mr. Guan Youyuan. Since its establishment in 1976, it has been a significant foundation for construction projects in Malaysia, such as North South Avenue, MRT/LRT rapid transit system, Smart Tunnel, LDP Avenue, and the upcoming Penang Island Reclamation Project (PSI)
Its business development covers 9 countries, including Malaysia, Singapore, Vietnam, the United Kingdom, Australia, Taiwan, India, Panama and Qatar
Since the government was changed in 2018, many large-scale projects have been put on hold or even cancelled, such as East Railway, Malaysia City, MRT3, and the Longxin High Speed Rail. At one point, they evaporated tens of billions of dollars in development value, and also brought the Malaysian infrastructure sector into a cold winter period. However, a good development foundation allowed Gamuda to quickly get out of the slump, such as actively bidding for foreign infrastructure orders, expanding real estate projects, and reducing dependence on government projects
A number of contracts have been obtained over the past few years. As of the latest records, the value of orders held is as high as RM25.1 billion, which is enough to contribute at least 3 years of revenue
Very healthy asset capacity and shareholder returns have made well-known local institutions such as PNB, EPF, KWP, and Lembaga Tabung Haji prominent shareholders over the years
Recently, 4 avenues were successfully sold and 1.47 billion yuan was allocated to acquire land in Ho Chi Minh City to build comprehensive development projects, plus the Australian infrastructure projects that have just been obtained
The money outlook for the next few years is very optimistic, and this is also for...