I tried CHATGPT to read this news link and tell me which contractors were responsible in the case of the structural failure mentioned. CHATGPT said it could be a piling contractor, a general structural contractor or a concrete or steel frame specialist…

Sell to us at RM4 or RM5 then, ah kwok

When people see crisis, I see opportunity 😀 This is a buying opportunity. Btw, its share price has climbed from 14 sen in August to 16 sen before the bad news. It will move back up to the price level

Interesting, 2 new concord campuses were launched due to high demand
https://www.bernama.com/en/general/news.php/news.php?id=2355855

Retailers are always like this, celebrating when the market is good and blaming stocks when the market is bad 😂

https://www.thestar.com.my/business/business-news/2024/10/29/gamuda-likely-to-exceed-target

Analysts are positive about Gamuda Bhd’s prospects following the group’s Sabah hydroelectric power plant contract win.


Gamuda, together with its joint-venture (JV) partner Conlay Construction Sdn Bhd, had formalised the construction contract for the 187.5MW Upper Padas build operate and transfer hydroelectric power plant in Sabah from Upper Padas Power Sdn Bhd last Friday.

Gamuda has a 75% stake in the JV and Conlay Construction 25%.

Of the RM3.048bil Sabah hydro contract, Gamuda’s projected revenue is pegged at RM2.3bil based on its 75% stake in the JV, according to analysts.

CGS International (CGSI) Research, in a report, said: “We think Gamuda is on track to exceed the higher end of its forecast RM30bil to RM35bil order book guidance by end of 2024.”

The group’s year-to-date wins are about RM15.5bil, bringing its order book to RM31bil as at October, the the research housenoted.

CGSI Research said “Gamuda needs to clinch an additional RM9bil in new wins to achieve an order book of RM35bil by end-2024, assuming a burn rate of RM1bil per month.

“We expect incremental new wins for the rest of 2024 to be from local projects, such as Penang Light Rail Transit (LRT), Sabah water treatment plant and data centres.”

According to the research house, there is a potential for some project wins in Australia before the year-end from Gamuda’s 100%-owned subsidiary, DT Infrastructure.

Local projects contributed 30% of the group’s total order book of RM31bil as at October versus 22% in January while foreign projects from Australia, Taiwan and Singapore made up the remaining 70%.

“We expect the share of local projects to rise to 44% of its order book by December this year, with potential wins from Penang LRT and Sabah hydro,” added CGSI Research.

It had reiterated its “add” call on the stock with a target price (TP) of RM10 a share.

This was premised on Gamuda’s diversified order book, increasing data centre exposure and growing property business.

It noted the key rerating catalysts include more construction wins and stronger property sales.

Meanwhile, Kenanga Research, in a note to clients, said the confirmation of the latest contract would see Gamuda with a projected revenue of RM2.29bil based on its 75% stake, and a pre-tax profit margin of 10% for this project.

“We are positive on this project, which is widely anticipated as it was previously awarded the concession, but pending finalisation of the engineering, procurement, construction, and commissioning, contract.

“Its order book is nearing its end-2024 target of RM35bil. We maintain an ‘outperform’ rating at a TP of RM9.20,” it added.

The research house has also maintained the group’s new job win assumption at RM14.5bil and RM15bil for FY25 and FY26 respectively.

“We like Gamuda for being in the driver’s seat of the Mutiara Line of the Penang LRT, its ability to secure new jobs in overseas markets and its strong war chest after the disposal of its toll highways,” the research house noted.

Furthermore, the group’s strong earnings visibility is underpinned by a record outstanding order book (excluding Penang LRT) and its inroads into the renewable energy space.

RHB Research, in its report, pointed out that the latest contract was Gamuda’s third win for FY25.

As for year-to-date FY25 new jobs wins, Gamuda has clinched around RM6.2bil worth of new contracts (including the Upper Padas Hydro project) versus Kenanga Research’s FY25 job replenishment target of RM20bil.

The research house said: “There are more projects related to Upper Padas Hydro, which may arise in the coming quarters or next financial year, in our view, namely the water supply scheme and also the floating solar solution.”

“Assuming a burn rate of RM11bil from November to end-December 2025, the group needs to win RM20bil of new contracts from November until December 2025 to meet the lower end of the order book target range of RM40bil by end-2025,” it noted.

RHB Research has a “buy” call on the stock with a TP of RM10.52 a share.

The construction sector may see strong momentum tomorrow. Grab this HAILY (PE only 12.89x) before it breaks 30 cents 😉

Gamuda outsources some data center work to LFE

https://themalaysianreserve.com/2024/10/16/lfe-lands-rm39m-data-centre-subcontract-from-gamuda/

The ex-date for the bonus warrants is today, and we will be entitled to receive the warrants tomorrow, Adam92Rosli. Btw, the warrants will be listed on 11 Oct

EPF doesn't like the bonus issue .. ?

It's still an accumulation phase. Let's huat together when the company is officially leaving PN17

CPEtech benefits from Japan's rate hike 😀

https://www.thestar.com.my/business/business-news/2024/07/31/bank-of-japan-to-consider-rate-hike-outline-bond-taper-plan

Looking at the longer weekly chart, EATECH had broken above the downtrend line which has been in effect since Dec 2016

Investing in Gamuda can bring both capital appreciation and dividend income 🤗

Eatech is not a mummy, can't rise back from the ashes 🤣🤣

small white is staying there 😆😆

Dnt get upset over this small thing. YTL also going down today despite market is in good mood today

Gamuda's momentum is so strong 😍

that aint investing but trading. Hence, don't sell until we earn

Thanks for sharing, ChloeTai

Johor Corp becomes EATech's second-largest shareholder with a 21% indirect stake, of which 20% is held through Sindora Bhd and 1% through Kulim (Malaysia) Bhd

Gamuda will catch up Maybank's share price 😁

Retailers are only convinced when it's shooting up. Be smart, collect now, otherwise chase high afterwards like retailers

Up up to the sky 🚀🚀

Always remember, don't be easily swept away by this price fluctuation

TA raise the TP to RM8.13

https://klse.i3investor.com/web/pricetarget/research/71874

high chance for it to leave PN 17 status by next month 🤗

Voultier completes acquisition of 51% Stake in EATECH
https://www.nst.com.my/business/corporate/2024/06/1069283/voultier-completes-51pct-stake-acquisition-ea-technique

wow, the central bank of Norway is also one of the substantial shareholders of CPETECH
https://klse.i3investor.com/web/insider/detail/SBSH_588992_299564203

Double the revenue, double the share price 😁

That's typical action in Bursa. Better don't get washed away easily like ikan bilis

Strong buy call from RHB 😃

https://klse.i3investor.com/web/pricetarget/research/71824

It will fly high for sure after it leaves PN17 status 😀

Directors started disposing 😧

because Eatech will continue to post quarterly profits as oil markets are strong lately 🔥

Prepare to grab if it retraces to 35 cents and below

Hitting RM7 is possible within this month 😃

Breaching 40 cents before the EGM?

strong rebound today 🔥🔥

It will likely continue to fluctuate until it officially leaves pn17 status, I guess ..

Interesting. It pulls back after MIDES event 😗

Better hold on tight until it exits PN17 😊

Too good to be true that can grab this GAMUDA at the price less than RM6 😅

Great, Eatech continues to deliver profitable results ! Confirmed to leave PN 17 status

Today the price has retreated... wait below RM6 and grab again

If you plan to trade it, better set your cut loss price because most people alrdy went on this boat for around 33 cents to 36 cents

Depends on your intention to enter at that price, kelesl

Gamuda bags RM928.6mil data centre contract

https://www.thestar.com.my/business/business-news/2024/05/24/gamuda-bags-rm9286mil-data-centre-contract

It will move up even higher after it leaves PN17 status

Alright, thanks, pjflower