Gamuda stock fell 2.16 percent after record FY2026 earnings

Published on 10/05/2026 at 12:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gamuda stock was last at MYR 4.99 on October 5 after FY2026 net profit reached MYR 1.05 billion, up 5 percent. The MYR 61 billion order book supports the outlook.

Gamuda, MYL5398OO002, Illustration mit AI erstellt.

Gamuda stock (ISIN MYL5398OO002) was last at MYR 4.99 on Bursa Malaysia on October 5, 2026, down 2.16 percent from the prior close. The move followed a record FY2026 result, with Gamuda reporting net profit of MYR 1.052 billion for the year ended July 31, 2026, up 5 percent.

Revenue reaches a record

Gamuda's FY2026 revenue rose 14 percent to MYR 18.6 billion, while its construction order book reached MYR 61 billion, according to Gamuda. Domestic construction earnings increased 49 percent to MYR 461 million, making that division the central earnings driver as Australian projects moved toward completion.

The fourth quarter also delivered year-over-year growth. Net profit increased 5 percent to MYR 350 million, while revenue rose 19 percent to MYR 5.8 billion, with data-center construction supporting the result. The property division was weaker, with quarterly revenue down 14 percent and net profit down 41 percent, according to the company release.

MYR 61 billion backlog shapes FY2027

The backlog gives Gamuda a visible workload, but execution is the key variable. The Star reported on October 1 that 90 percent of FY2027 revenue was already covered by the existing order book, while 75 percent of projects remained in mobilization or early execution stages.

Renewable infrastructure adds a second growth channel. Gamuda's consortium with SD Guthrie and Gentari signed a term sheet for a 680MW solar and battery project in Perak, with commercial operations targeted for 2029 and gross revenue above MYR 10 billion across the proposed 21-year offtake period, as The Edge Malaysia reported on September 30.

Consensus target stays above MYR 5

The analyst picture remains constructive but not uniform. Investing.com listed a Strong Buy consensus from 19 analysts, with an average 12-month target of MYR 5.72, a high of MYR 6.40 and a low of MYR 4.40. The average target lies 14.6 percent above MYR 4.99.

For investors, the contrast is clear: earnings and backlog are expanding, while the latest price is 9.8 percent below the 52-week high of MYR 5.53. Execution in domestic construction and the property division's recovery will determine how quickly the order book converts into profit.

Gamuda stock remains below its yearly high

Gamuda stock was last at MYR 4.99 on Bursa Malaysia at 4:59 p.m. MYT on October 5, 2026. Market capitalization was MYR 29.8 billion, volume was 32,607,800 shares, and the 52-week range was MYR 3.70 to MYR 5.53.