Gamuda Bhd has earned recognition as one of the top three companies in Asia within the industrial and infrastructure sector, marking a significant achievement as the only Malaysian company on the list. This prestigious ranking by Institutional Investor Research (II Research) was determined based on votes from 2,493 portfolio managers and buy-side analysts, alongside 492 sell-side analysts.
In addition to its top-three ranking, Gamuda was also named one of the “most honoured companies” by II Research. This year, the Asia Pacific (ex-Japan) executive team – rest of Asia survey received votes for 1,078 companies, with 136 of them earning first, second, or third place rankings in categories such as “Best CEO,” “Best CFO,” “Best IR Professional,” “Best IR Programme,” “Best ESG,” and “Best Company Board.”
Out of these, 45 companies, including Gamuda, were distinguished as “most honoured” for their cumulative success across the rankings. Specifically, Gamuda was ranked second in the “Best CEO” and “Best ESG” categories, first for “Best Investor Relations Professional” (awarded to Clarence Boudville), and third for “Overall Best Investor Relations.” Datuk Lin Yun Ling serves as Gamuda’s CEO.
In a statement, Gamuda highlighted that this achievement underscores its strategic growth and robust performance across the Asia-Pacific market, reflecting the esteemed recognition from II Research, known for its global independent performance and qualitative market intelligence.
“The recognition further highlights Gamuda’s strong financial performance, exceptional management, and proactive investor relations approach that have driven consecutive project victories in Australia, Taiwan, Vietnam, Singapore, the United Kingdom, and Malaysia. The group will continue its nearly five decades of winning trajectory on innovation, strategic acumen, human capital, and resilience,” Gamuda stated.
In the second quarter ended January 31, 2024, Gamuda reported a 7% year-on-year increase in net profit to RM208.8 million, with earnings per share of 7.65 sen. Revenue for the quarter surged by 131% year-on-year to RM3.3 billion. The company attributed this growth to higher contributions from overseas projects, which offset the decline in domestic revenue and earnings following the completion of the mass rapid transit two project last year.
Quarterly revenue from overseas projects soared, contributing 77% of overall revenue, up from 42% previously. Similarly, overseas net profit surged to account for 58% of overall net profit, compared to 50% previously. Looking ahead, Gamuda’s outlook is supported by a substantial construction order book of RM24 billion and unbilled property sales of RM6.7 billion.
The group anticipates that this year’s performance will be driven by ongoing overseas construction activities, particularly in Australia and Taiwan.
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