Strong recovery seen for Gamuda in FY22

Gamuda’s wholly-owned sub-subsidiary in Vietnam, Gamuda Land HCMC Joint Stock Co, has acquired 13.8 acres of land in Binh Duong New City for US$53.88mil (RM228.5mil).

KUALA LUMPUR: Following Gamuda Bhd’s land acquisition in Vietnam, brokerage firms expect a stronger recovery in its earnings and revenue from the financial year ending July 31 (FY22) onwards.

Gamuda’s wholly-owned sub-subsidiary in Vietnam, Gamuda Land HCMC Joint Stock Co, has acquired 13.8 acres of land in Binh Duong New City for US$53.88mil (RM228.5mil).