Sunzen's loan financing business is expected to continue to grow given the increasing trend in the number of applications and approvals, mainly due to our ability to provide fast and efficient services and structure more flexible loan packages to meet the needs of the SME market.

Gamuda Bhd expects its performance going forward to be largely driven by overseas and domestic construction activities.

Group chief financial officer Soo Kok Wong said this will include construction of several data centres and higher contributions from the property division’s various quick-turnaround projects.

“Moving forward, the resilience of the group is underpinned by an all-time-high construction order book of RM32bil and unbilled property sales of RM7.7bil.

“On top of that, the group has a healthy balance sheet with a comfortable net gearing of 39%, well below our self-imposed gearing limit of 70%,” he said in the company’s annual report.


In the same report, Gamuda Engineering managing director Justin Chin Jing Ho said the group is eyeing positive growth within the Australian clean energy and renewables infrastructure market, which is worth A$328bil.

“Our aim is to become a leading end-to-end developer-builder-owner of assets in Australia’s clean energy future and are deep in our pursuits of solar, wind, pumped hydro and transmission opportunities.”

As part of Gamuda’s localisation strategy, Chin said the group has a strong team of energy specialists familiar with the Australian energy market, which will be supplemented with expertise and partnerships from Malaysia.

“These include ERS Energy, Malaysia’s largest solar contracting company; and Rohas Tecnic Bhd, a leading Malaysian supplier of turnkey solutions for transmission networks which will provide us with technical capability, resources, and a resilient regional supply chain.”

Additionally, Chin said Taiwan continues to be a promising market for the group, as evidenced by its most recent win in October 2024.

“We secured our seventh infrastructure project as the main contractor for the Xizhi Donghu Mass Rapid Transit (MRT) project in Taipei. This RM4.3bil project encompasses 5.78km of elevated viaducts and trackwork, six above-ground stations, system works and depot maintenance equipment.”

Meanwhile in Singapore, Chin said the Land Transport Authority (LTA) had entrusted Gamuda with the RM1.77bil civil contract to design and construct the West Coast station and its associated tunnels for the MRT Cross Island Line (Phase 2).

“This is our third contract win with the same client that further strengthens the group’s track record in the city-state and our reputation as a key player in Singapore’s infrastructure landscape.

“Gamuda is also currently delivering the Defu station and tunnels for the MRT Cross Island Line (Phase 1) and the Gali Batu Multi-Storey Bus Depot for the LTA.”

https://www.thestar.com.my/business/business-news/2024/11/18/local-foreign-construction-activities-to-drive-gamudas-earnings

Nice grab, gloveshapiro. If the QR is good as expected, it probably will break 35 cents

Today SAM kena attacked by IDSS ...

Worth to invest it for long term 🤝

If you plan to hold it for long-term, then it's worth to go for their DRP

No worries, it's a sign of quiet before the storm 😬

Upper Padas Hydroplant project, Penang Mutiara LRT Segment 1 are likely to be announced

Just keep accumulating if you have extra bullets

wow, I guess you had bought it when the price was RM3 or Rm4 there. Am I right, kancs3118 ? 😀

Then right now is an accumulation phase

Seems like those people are making good profits tody 😁

Only 2 more cents for Sunzen to hit 34 cents. Easy-peasy

Your wish is broken today 😂

ChloeTai

The first support at 7.25 broken. The next support is at 6.60. Today 5.8.24 closed at 6.95.

22 hours ago

I have chipped in at 34 cents today btw 😊

They always work together to create, innovate, and produce the best quality health products for the better living of the community

because of uncontrollable jockeys, may be

If you look at Gamuda's PE, it's quite reasonable

The business covers Chinese medicine, herbal health food and beverages, bird's nest and loan financing. Still considered diversified

HLIB tells investors to buy Velesto on weakness 😆

https://theedgemalaysia.com/node/717662

Diversified businesses tend to remain strong in uncertain market conditions

Euphoria ended after it hits Rm8.40 something ..

btw that show is quite similar to "Shark Tank" from the US one

Then more M&A will be conducted by SUNZEN in October. ha 😁

It has fallen to 2.40 something during Covid-19 period ...

The next QR will increase both month-on-month and year-on-year

The retail prices of petroleum and fuel products remain unchanged this week. Subsidies continue
https://api.nst.com.my/news/nation/2024/07/1081049/no-change-petrol-diesel-prices-week

Sunzen has more than 20 years of experience in managing a realm of businesses that includes fast-moving consumer goods, animal health products, financial solutions, food processing research and development, and raw materials export. Bright future ahead

Reversal signal ... Anyone still staying at 8 floor?

Yup, buying volume is increasing. Anytime for SUNZEN to take off 🚀

Another IB will raise its tp to RM10 after it breaks Rm8 😁

A hidden dragon in Bursa. Look at its 1Y - 5Y price movement, it moves like YTL Power !