CGSI Research said it believes Gamuda can hit the higher end of its RM40bil to RM45bil order book target by end-2025 .
PETALING JAYA: A modest second quarter for its financial year ending July 2025 (2Q25) is expected when Gamuda Bhd
releases its financial results later this month, as margin recovery will become more apparent in its 2026 financial year (FY26), says CGS International (CGSI) Research.
The research house said while 41% of the constructor’s RM37bil order book as of February consists of higher-margin local projects, many of these, such as data centres, the Upper Padas hydro dam in Sabah, and the Penang Light Rail Transit (LRT) project, are still at their early stages in terms of revenue recognition.
