CIMB Research said the NPWSS project provides Gamuda with the base to rebuild its water-related recurring earnings streams.
PETALING JAYA: Gamuda Bhd
’s latest contract win offers recurring income and a turnkey contract role and helps its total order book exceed its target for 2025.
CGS International (CGSI) Research estimates the engineering and construction group’s order book for the year could stand at about RM47bil, above its in-house target of RM40bil to RM45bil, after it secured a potential RM5bil worth of water treatment and distribution infrastructure jobs in Kerian, Northern Perak, in a joint venture with Perbadanan Kemajuan Negeri Perak (PKNPk).
