Gamuda stock gained 4 percent on September 30 as solar deal advanced

Published on 10/07/2026 at 06:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gamuda stock drew attention after a 680MW Perak solar project was linked to more than MYR 10 billion in gross revenue. FY2026 revenue rose 14 percent to MYR 18.6 billion.

Gamuda, MYL5398OO002, Illustration mit AI erstellt.

Gamuda stock (ISIN MYL5398OO002) gained 4 percent to MYR 5.18 on Bursa Malaysia on September 30, 2026, after a renewable energy venture announced a 680MW project in Perak. The move followed a term sheet with a US technology company for a hybrid solar plant and battery storage system.

Renewable project adds revenue potential

According to The Edge Malaysia on September 30, 2026, the project combines a 680MWac solar photovoltaic plant with four hours of battery storage. Commercial operations are targeted for 2029 under a 21-year renewable energy offtake agreement.

Gamuda estimates the venture could generate more than MYR 10 billion in gross revenue over the offtake period. The project would become the group's sixth recurring-income asset, adding a longer-duration revenue stream beside its construction backlog.

Record earnings support the pipeline

Gamuda Berhad reported on September 29, 2026, that FY2026 net profit rose 5 percent to MYR 1.052 billion and revenue increased 14 percent to MYR 18.6 billion. The construction order book reached MYR 61 billion, while domestic construction earnings rose 49 percent to MYR 461 million.

The earnings mix also shows the main tradeoff. Fourth-quarter property revenue fell 14 percent and property net profit declined 41 percent, while net gearing stood at 72 percent at the end of July 2026 against the group's 70 percent internal limit.

Analysts see further earnings growth

According to Investing.com, 19 analysts held a Strong Buy consensus, with 17 Buy ratings, two Holds and zero Sells. The average 12-month target was MYR 5.72, with a high of MYR 6.40 and a low of MYR 4.40. The average target stood 10.42 percent above the September 30 price of MYR 5.18.

The renewable project and the construction backlog point to a business increasingly supported by both project execution and recurring income. At the same time, the property slowdown and elevated gearing leave execution and cash conversion as important measures for the next reporting cycle.

Gamuda stock closed at MYR 5.18

Gamuda stock closed at MYR 5.18 on Bursa Malaysia on September 30, 2026, up 4 percent, with more than 87 million shares traded and a market capitalization of MYR 31.3 billion. The listing is identified as GAMUDA.KL under ISIN MYL5398OO002 by Global Banking and Finance.