皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

欧博电脑版下载(www.aLLbet8.vip):Greater earnings visibility for Gamuda

admin2022-11-0213

欧博电脑版下载www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

One of Gamuda's projects on the outskirts of Kuala Lumpur. - File pic

PETALING JAYA: Gamuda Bhd’s contract win from Pengurusan Air Selangor Sdn Bhd valued at RM1.97bil is expected to provide the infrastructure group greater earnings visibility over the next three years.

Last Friday, the group said it won Package 1 of Rasau Water Supply Scheme (phase one) worth RM1.97bil. Gamuda is the main contractor for this project, which will start on July 15 and targeted for completion on June 30, 2025.

It is Gamuda’s first major job win in Malaysia for 2022 and will bring its outstanding order book to a new record high of RM14.4bil.

Where project margins are concerned, Kenanga Research said they are similar to historical levels

“Year-to-date order book replenishment stood at RM11.7bil, tracking in line with our RM12.5bil target for financial year 2022 (FY22). Consequently, outstanding order book is raised to RM14.4bil.

“Gamuda guides that the pre-tax profit margins for this project will range between 8% and 10% – similar to their historical construction pre-tax profit margins registered between FY18 and FY21, with the exception of FY20 which was affected by the pandemic,” said the research firm.

Kenanga Research noted that margins for this contract were relatively protected by price escalation clauses built in for key raw materials.

However, it made no change to its FY22-FY23 earnings estimates as the contract win was within the research firm’s replenishment target.

,

新2备用网址www.hg108.vip)是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。

,

It also kept its “outperform” call with an unchanged target price of RM4.20.

Meanwhile, UOB Kay Hian Research (UOBKH) said that based on the margin assumption of 6% to 8%, the project may potentially contribute RM30mil to RM50mil per year over the contract period.

“We are positive on this new win as it shows that Gamuda continues to be a strong local contender on top of securing multiple major regional wins year-to-date,” added UOBKH.

The research house said Gamuda has managed to more than triple its order book, taking into account recent project awards, which include two major projects in Australia valued at RM8.5bil. Besides this, it has secured projects in Singapore and Taiwan.

Locally, with the MRT2 near completion, UOBKH said that Gamuda aims to replenish its order book by RM20bil in FY22-FY23 and around RM8bil to RM10bil a year after that.

The research firm expects the group’s fourth quarter of FY22 earnings to remain strong, driven by MRT2 and other property projects.

As for its proposed highway disposal, the research house noted that it was progressing well.

Following shareholders’ approval, which is expected to be secured in July, the next step would be the RM5.5bil sukuk to be raised by not-for-profit entity Amanat Lebuhraya Rakyat.

网友评论

1条评论
  • 2022-11-02 00:31:45

    显著可以躺着赚钱,但无故科技却在2015年内部立项了一个名为《生死偷袭2》的项目。与一代在页游大展拳脚差异,2代盯上了PC端游市场,试图在这个端游日益衰落的时代,重新打造出射击游戏爆款。扶我起来我还能看!

热门标签