Gamuda expected to win RM10bil worth of potential jobs

RHB Research raised the company's FY25 to FY26 earnings by 8%.

PETALING JAYA: Gamuda Bhd is expected to clinch at least RM10bil worth of jobs annually, to post a three-year earnings compound annual growth rate of 16%, says RHB Research.

“Assuming an order book burn rate of RM5bil between July and December, with a balance order book of between RM22bil and RM24bil as of June, Gamuda needs RM11bil to RM13bil in new wins to reach its RM30bil target order book by end-2024,” the research house added.