Gamuda shares gain nine sen after record FY2026 profit
Revenue increased 14 per cent to RM18.6 billion, while the construction order book hit RM61 billion.
Gamuda Bhd traded at RM5.07 at 10.05 am on Sept 30, up nine sen, after reporting FY2026 net profit of RM1.052 billion. Trading volume stood at 18.09 million shares.
Net profit increased five per cent in the financial year that ended July 31, 2026, giving Gamuda a fifth successive annual earnings record. Stronger construction performance lifted revenue by 14 per cent to a record RM18.6 billion. Its construction order book also reached a new high of RM61 billion.
CIMB Securities Sdn Bhd cited the continuing order book pipeline and better construction margins as reasons for upgrading its core profit forecasts. It increased the FY2027 estimate by four per cent to RM1.23 billion and the FY2028 estimate by one per cent to RM1.54 billion.
CIMB Securities retained a “buy” rating and lifted its target price to RM6.10, compared with RM6.00 previously.
MBSB Investment Bank kept its “buy” rating and sum-of-the-parts (SOP) target price at RM5.60. The bank said Gamuda remained its preferred construction stock, citing the record order book and better visibility on earnings.
