Rollout of big projects positive for Gamuda

On March 1, Gamuda was awarded the Sydney Metro West – Western Tunnelling Package Project with a contract sum of AU$2.16bil (RM6.5bil) and a week prior, the contract to build the Defu Station and two tunnels in Singapore for S$467mil (RM1.45bil).On its property segment, MIDF Research said Gamuda currently has an unbilled property sale of RM5.2bil. (File pic shows Gamuda tunnelling training.)

KUALA LUMPUR: Gamuda Bhd’s outstanding order book of RM10.4bil is set to keep the group busy for the next five years, following recent job wins from its international markets.

TA Research, in a report yesterday, said this would alleviate initial concerns about the group’s depleting outstanding construction order book.