Gamuda’s Premium Land Acquisition, Justified

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Gamuda’s Premium Land Acquisition, Justified - Business Today

Quick Summary:

RHB Investment Bank Bhd (RHB Research), MIDF Amanah Investment Bank Bhd (MIDF Research) and CIMB Investment Bank Bhd (CIMB Securities) have all maintained their BUY calls on Gamuda Bhd, with target prices of RM5.83, RM5.42 and RM5.50 respectively, following the group’s RM248.7 million land acquisition in Kuala Langat.

Gamuda’s strategic expansion, coupled with innovative offerings like “Park Homes” and continued environmental rehabilitation efforts — such as the 90-acre Wetlands Arboretum — underscores its integrated approach to sustainable township development.

The group’s total GDV has now increased by about 4% to RM64 billion, with analysts agreeing that its diversified geographic exposure and robust order book continue to make the stock an attractive proposition.