Gamuda Order Book: HLIB Research Sees Potential Upside

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Post on Oct 27, 2024

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Gamuda's Order Book: HLIB Research Sees Potential Upside

Gamuda's order book is looking pretty healthy right now, and HLIB Research thinks it's a good sign for the company's future. This Malaysian construction giant has been busy snagging some big contracts lately, which has given its order book a nice boost.

HLIB Research thinks that this could lead to some potential upside for Gamuda's share price. They're particularly excited about Gamuda's involvement in the MRT3 project, which is expected to be a major driver of earnings in the coming years.

So, what's all the fuss about Gamuda's order book? Let's break it down.

A Deep Dive into Gamuda's Order Book

Firstly, it's worth remembering that a healthy order book is a pretty good indicator of a company's future performance. It means that they've got a pipeline of work lined up, which is essential for generating revenue and profits.

Gamuda's order book is currently sitting at a healthy RM21.8 billion. This is a pretty significant amount, and it's likely to continue growing in the coming years.

The MRT3 project is a major contributor to Gamuda's order book. This project is the third phase of the Klang Valley Mass Rapid Transit (MRT) system and is a massive infrastructure undertaking that is expected to cost around RM45 billion.

Gamuda is also involved in several other big projects, including:

• The Pan Borneo Highway project in Sabah and Sarawak.
• The Langat 2 Water Treatment Plant project.
• The Kinrara-Damansara Expressway (Kidex) project.

These projects are expected to provide a steady stream of revenue for Gamuda in the years to come.

HLIB Research Sees Potential Upside

HLIB Research believes that Gamuda's healthy order book is a strong indication of the company's future potential. They've given Gamuda a "Buy" recommendation, with a target price of RM3.60 per share.

HLIB Research thinks that Gamuda's strong track record, its experienced management team, and its diversified portfolio of projects make it a compelling investment opportunity.

The Takeaway

Gamuda's order book is looking pretty good right now, and HLIB Research believes that it could lead to some potential upside for the company's share price. If you're looking for a company with a strong track record in infrastructure development, Gamuda might be worth considering.

Just remember, all investments come with risk, so do your own research before making any decisions.