GAMUDA BHD

KLSE (MYR): GAMUDA (5398)

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Last Price

8.87

Today's Change

-0.21 (2.31%)

Day's Change

8.87 - 9.08

Trading Volume

5,959,300

Financial

Show?
Last 10 FY Result
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
Revenue 13,346,712 13,346,712 13,346,712 8,233,552 4,920,829 3,517,218 3,662,964 4,565,062 4,227,060 3,211,403 2,121,899 2,399,918 20.98%
PBT 1,097,381 1,097,381 1,097,381 1,067,575 885,800 786,250 585,462 908,849 729,302 826,002 780,658 858,189 2.76%
Tax -155,070 -155,070 -155,070 937,485 -50,140 -154,061 -161,272 -150,654 -164,945 -169,777 -111,918 -132,731 1.74%
NP 942,311 942,311 942,311 2,005,060 835,660 632,189 424,190 758,195 564,357 656,225 668,740 725,458 2.94%
-
NP to SH 912,133 912,133 912,133 1,838,401 806,225 588,316 371,680 706,113 513,883 602,093 626,133 682,138 3.27%
-
Tax Rate 14.13% 14.13% 14.13% -87.81% 5.66% 19.59% 27.55% 16.58% 22.62% 20.55% 14.34% 15.47% -
Total Cost 12,404,401 12,404,401 12,404,401 6,228,492 4,085,169 2,885,029 3,238,774 3,806,867 3,662,703 2,555,178 1,453,159 1,674,460 24.89%
-
Net Worth 11,230,466 11,365,425 11,230,466 10,807,049 9,909,248 9,174,381 8,545,994 8,052,542 7,575,172 7,410,748 6,841,930 6,199,111 6.81%
Dividend
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
Div 438,262 438,003 438,262 1,330,917 306,471 - 150,811 296,412 296,097 291,570 289,095 282,849 4.98%
Div Payout % 48.05% 48.02% 48.05% 72.40% 38.01% - 40.58% 41.98% 57.62% 48.43% 46.17% 41.47% -
Equity
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
Net Worth 11,230,466 11,365,425 11,230,466 10,807,049 9,909,248 9,174,381 8,545,994 8,052,542 7,575,172 7,410,748 6,841,930 6,199,111 6.81%
NOSH 2,739,138 2,772,054 2,739,138 2,662,493 2,553,930 2,513,528 2,513,527 2,472,322 2,467,991 2,429,753 2,409,130 2,357,076 1.68%
Ratio Analysis
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
NP Margin 7.06% 7.06% 7.06% 24.35% 16.98% 17.97% 11.58% 16.61% 13.35% 20.43% 31.52% 30.23% -
ROE 8.12% 8.03% 8.12% 17.01% 8.14% 6.41% 4.35% 8.77% 6.78% 8.12% 9.15% 11.00% -
Per Share
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
RPS 487.26 481.47 487.26 309.32 192.68 139.93 145.73 184.81 171.31 132.17 88.08 101.82 18.98%
EPS 33.30 32.90 33.30 69.93 31.96 23.41 14.94 28.60 20.89 24.78 25.99 28.94 1.57%
DPS 16.00 15.80 16.00 50.00 12.00 0.00 6.00 12.00 12.00 12.00 12.00 12.00 3.24%
NAPS 4.10 4.10 4.10 4.06 3.88 3.65 3.40 3.26 3.07 3.05 2.84 2.63 5.05%
Adjusted Per Share Value based on latest NOSH - 2,739,138
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
RPS 473.01 473.01 473.01 291.80 174.39 124.65 129.82 161.79 149.81 113.81 75.20 85.05 20.98%
EPS 32.33 32.33 32.33 65.15 28.57 20.85 13.17 25.02 18.21 21.34 22.19 24.17 3.28%
DPS 15.53 15.52 15.53 47.17 10.86 0.00 5.34 10.50 10.49 10.33 10.25 10.02 4.98%
NAPS 3.9801 4.0279 3.9801 3.83 3.5118 3.2514 3.0287 2.8538 2.6846 2.6264 2.4248 2.197 6.81%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
Date 31/07/24 31/07/24 31/07/24 31/07/23 29/07/22 30/07/21 30/07/20 31/07/19 31/07/18 31/07/17 29/07/16 31/07/15 -
Price 7.86 7.86 7.86 4.30 3.75 2.80 3.56 3.71 3.87 5.30 4.82 4.82 -
P/RPS 1.61 1.63 1.61 1.39 1.95 2.00 2.44 2.01 2.26 4.01 5.47 4.73 -11.27%
P/EPS 23.60 23.89 23.60 6.23 11.88 11.96 24.07 12.98 18.58 21.39 18.55 16.66 3.94%
EY 4.24 4.19 4.24 16.06 8.42 8.36 4.15 7.71 5.38 4.68 5.39 6.00 -3.78%
DY 2.04 2.01 2.04 11.63 3.20 0.00 1.69 3.23 3.10 2.26 2.49 2.49 -2.18%
P/NAPS 1.92 1.92 1.92 1.06 0.97 0.77 1.05 1.14 1.26 1.74 1.70 1.83 0.53%
Price Multiplier on Announcement Date
AQR T4Q 31/07/24 31/07/23 31/07/22 31/07/21 31/07/20 31/07/19 31/07/18 31/07/17 31/07/16 31/07/15 CAGR
Date 26/09/24 26/09/24 26/09/24 27/09/23 29/09/22 29/09/21 25/09/20 27/09/19 28/09/18 28/09/17 28/09/16 28/09/15 -
Price 8.01 8.01 8.01 4.31 3.85 3.02 3.25 3.56 3.36 5.29 4.90 4.50 -
P/RPS 1.64 1.66 1.64 1.39 2.00 2.16 2.23 1.93 1.96 4.00 5.56 4.42 -10.42%
P/EPS 24.05 24.34 24.05 6.24 12.20 12.90 21.98 12.45 16.13 21.35 18.85 15.55 4.95%
EY 4.16 4.11 4.16 16.02 8.20 7.75 4.55 8.03 6.20 4.68 5.30 6.43 -4.71%
DY 2.00 1.97 2.00 11.60 3.12 0.00 1.85 3.37 3.57 2.27 2.45 2.67 -3.15%
P/NAPS 1.95 1.95 1.95 1.06 0.99 0.83 0.96 1.09 1.09 1.73 1.73 1.71 1.46%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
6 people like this. Showing 50 of 17,499 comments

Mabel

Wow what happen to Gamuda today?

Luckily yesterday sold 50 %....

Time to collect back soon...

4 weeks ago

jenson68

Don’t panic !!! Retest higher & higher …
9 is on the way , hold saja

3 weeks ago

jenson68

Undervalued counter !!

3 weeks ago

PureBULL ...

Global wind power to rule electricity market - Gavin Maguire

Gamuda's young MD from world top 2 school, is helping the co to construct a mega wind power in aust.
the 1st co in msia with knowhow to do huge n forever growing biz...

https://klse1.i3investor.com/blogs/kianweiaritcles/2024-10-25-story-h472730632-Global_wind_power_to_rule_electricity_market_Gavin_Maguire.jsp

3 weeks ago

xiaoeh

Posted by jenson68 > 10 minutes ago | Report Abuse
Undervalued counter !!

Dear Jenson68
may i know what your real value / intrinsic value of Gamuda is?

3 weeks ago

jenson68

With all contracts in hand , this counter may surge and fly higher !! TP 9.80

3 weeks ago

xiaoeh

Noted and Thanks Jenson68

3 weeks ago

jenson68

Fasten the seat belt …haha

3 weeks ago

wahidul

another RM3 billion contract announced

3 weeks ago

forest18

Yup another RM3 billion
https://theedgemalaysia.com/node/731660

3 weeks ago

jenson68

See market reaction on Monday ..

3 weeks ago

AllIsVanity

The top price should be RM11 and above.

3 weeks ago

kancs3118

Gamuda don't need the budget 2025 or the forever cannot materialise MRT3.

3 weeks ago

DreamCommander

Gamuda wins RM3.048bil contract for Ulu Padas Hydroelectric Project in Sabah
Corporate News
Friday, 25 Oct 20245:48 PM MYT

https://www.thestar.com.my/business/business-news/2024/10/25/gamuda-wins-rm3048bil-contract-for-ulu-padas-hydroelectric-project-in-sabah

3 weeks ago

PureBULL ...

Gamuda,
suddenly go places n is winning all the mega projects.
MRT, DC to wind power n now 45% owner in Hydro RE:

https://www.thestar.com.my/business/business-news/2024/10/25/gamuda-wins-rm3048bil-contract-for-ulu-padas-hydroelectric-project-in-sabah

https://www.tradingview.com/x/xd7KPL5B/

3 weeks ago

Mabel

https://www.thestar.com.my/business/business-news/2024/10/25/gamuda-wins-rm3048bil-contract-for-ulu-padas-hydroelectric-project-in-sabah?_sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFBBHQ&stm_medium=email&_stm_source=smartech

Scaling up for 2025…It was a wise decision to collect Gamuda yesterday

Gamuda Bhd has accepted a letter of award from Upper Padas Power Sdn Bhd (UPPSB) to serve as the total development contractor (TDC) for the 187.5MW Ulu Padas Hydroelectric Project in Tenom and Sipitang Sabah, in partnership with Conlay Construction Sdn Bhd (Conlay).

The scope of work includes the design, construction, testing and commissioning of a 187.5MW hydroelectric plant involving a roller-compacted concrete dam, a main and secondary powerhouse, water conveyance system, project access, and other permanent facilities which include a 275kV switchyard, 33kV sub-transmission line, workshop, stores and operation facilities, and a residential village.

3 weeks ago

alenac

Funds upgraded to more than RM10 per share.

3 weeks ago

Kaizenzon

Contra players pants drop

3 weeks ago

yeinemesis

Right time to buy

3 weeks ago

jenson68

Accumumute when dipped , all IB gave high TP !! Be patience

3 weeks ago

DreamCommander

Gamuda gets robust valuations following new RM3 billion hydro project in Sabah
Rachel Lau on October 29, 2024, Tuesday at 3:39 PM

https://www.theborneopost.com/2024/10/29/gamuda-gets-robust-valuations-following-new-rm3-billion-hydro-project-in-sabah/

3 weeks ago

SourDosey

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.

3 weeks ago

newbie8080

Gamuda made good call to offload highway infrastructure in its portfolio a few years back.
This allows better cashflow management and flexible to expand it's order book globally.

3 weeks ago

jenson68

Non stop awards !!!

2 weeks ago

DreamCommander

Gamuda wins RM451.4m job to build data centre in Cyberjaya
Izzul Ikram/theedgemalaysia.com
01 Nov 2024, 01:19 pm
Updated - 02:16 pm

https://theedgemalaysia.com/node/732407

2 weeks ago

DreamCommander

Gamuda shares set for another record-high close as investors, analysts toast latest contract
Jason Ng/theedgemalaysia.com
04 Nov 2024, 11:02 am

https://theedgemalaysia.com/node/732556

2 weeks ago

jenson68

Uptrend !!

2 weeks ago

Mabel

Meow Meow Meow

2 weeks ago

wahidul

hit the highest price ever today,lets go Gamuda 🚀

2 weeks ago

mf

take profit

2 weeks ago

mf

take profit

2 weeks ago

jenson68

Undervalued counter with such contracts in hand , more to come and good in the long run !!

2 weeks ago

troy88

The king of construction!

2 weeks ago

jenson68

Soon will be above 9.00 level !! TP 9.80

2 weeks ago

kancs3118

The market loves Trump ?

2 weeks ago

Lbikeride

Gamuda news: (November 7, 2024)
==================
[1] Proposed Bonus Issue of Up to 2,978,945,287 New Ordinary Shares In Gamuda ("Gamuda Share(s)" Or "Share(s)") ("Bonus Share(s)") on The Basis of 1 bonus share For Every 1 Existing Gamuda Share Held On An Entitlement Date To Be Determined And Announced Later ("Entitlement Date") ("Proposed Bonus Issue Of Shares") ==> this will decrease the share price

==========
[2] Renewal authority to buy back shares ==> this will increase the share price

=====
so, I think the fair price after "ex-date" should be lower than 4.00? Agree?

1 week ago

kancs3118

Yes..you are right 👍😀

1 week ago

troy88

Still one of the most resilient stocks in the shameful pump and dump bursa market..

1 week ago

kancs3118

The show about to begin g

1 week ago

Michael Kwok

Gamuda 8.84
Downgrade to below rm 6,year 2025.
Rising cost as minimum wages,petrol of ron 95 increase to 2.60 range,minimum tax of 2 percents for every 100k earn,possible trump policy on tariff kick in on year 2025
11/11/24 10.44pm

1 week ago

kancs3118

Noted ...Please sell to me at RM4

1 week ago

SourDosey

Sell to us at RM4 or RM5 then, ah kwok

3 days ago

VeneerWood

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

3 days ago

DreamCommander

Local, foreign construction activities to drive Gamuda’s earnings
Monday, 18 Nov 2024

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

2 days ago

kancs3118

Breaking news high ...hope it will breach RM9 soon

2 days ago

jenson68

Wow, uptrend !! TP 9.80

2 days ago

Lbikeride

It shot up to 9.00 a moment ago. Now it lingers around 8.98 to 8.99. Someone is definitely pushing! And now back to 9.00!

1 day ago

Lbikeride

Staying at 9.08. @kancs3118 and @jenson68 (and others), your wish was granted today. Let's see how it unfolds tomorrow.

1 day ago

kancs3118

Gonna breach RM10 damn soon...

20 hours ago

Ninja _07

Jatuh

56 minutes ago

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