Gamuda's Order Book Gets Boost From Taiwan MRT Contract Win -- Market Talk

Dow Jones

May 11

0132 GMT - Gamuda's latest Taiwan mass rapid transit contract lifts its order book above 50 billion ringgit for the first time, RHB IB analyst Adam Bin Mohamed Rahim says in a note. The company secured a 3.3 billion ringgit Kaohsiung MRT joint-venture project with Taiwan-based Shang Ting, with Gamuda's effective share at 2.3 billion ringgit. Its order book now stands at 51.6 billion ringgit. RHB estimates Gamuda needs another 9 billion ringgit to 14 billion ringgit in new jobs this year to maintain its end-2026 order book target of up to 55 billion ringgit, which it views as achievable given ongoing global tenders worth at least 30 billion ringgit. RHB raises Gamuda's target price to 6.19 ringgit from 6.01 ringgit, and keeps a buy rating. Shares are 1.1% higher at 4.55 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

May 10, 2026 21:32 ET (01:32 GMT)

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The company secured a 3.3 billion ringgit Kaohsiung MRT joint-venture project with Taiwan-based Shang Ting, with Gamuda's effective share at 2.3 billion ringgit. Its order book now stands at 51.6 billion ringgit. RHB estimates Gamuda needs another 9 billion ringgit to 14 billion ringgit in new jobs this year to maintain its end-2026 order book target of up to 55 billion ringgit, which it views as achievable given ongoing global tenders worth at least 30 billion ringgit. RHB raises Gamuda's target price to 6.19 ringgit from 6.01 ringgit, and keeps a buy rating. Shares are 1.1% higher at 4.55 ringgit. 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The company secured a 3.3 billion ringgit Kaohsiung MRT joint-venture project with Taiwan-based Shang Ting, with Gamuda's effective share at 2.3 billion ringgit. Its order book now stands at 51.6 billion ringgit. RHB estimates Gamuda needs another 9 billion ringgit to 14 billion ringgit in new jobs this year to maintain its end-2026 order book target of up to 55 billion ringgit, which it views as achievable given ongoing global tenders worth at least 30 billion ringgit. RHB raises Gamuda's target price to 6.19 ringgit from 6.01 ringgit, and keeps a buy rating. Shares are 1.1% higher at 4.55 ringgit. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 10, 2026 21:32 ET (01:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4230","symbol_name":"旅客陆运","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634478366","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634478366","pubTimestamp":1778463120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0132 GMT - Gamuda's latest Taiwan mass rapid transit contract lifts its order book above 50 billion ringgit for the first time, RHB IB analyst Adam Bin Mohamed Rahim says in a note. The company secured a 3.3 billion ringgit Kaohsiung MRT joint-venture project with Taiwan-based Shang Ting, with Gamuda's effective share at 2.3 billion ringgit. Its order book now stands at 51.6 billion ringgit. RHB estimates Gamuda needs another 9 billion ringgit to 14 billion ringgit in new jobs this year to maintain its end-2026 order book target of up to 55 billion ringgit, which it views as achievable given ongoing global tenders worth at least 30 billion ringgit. RHB raises Gamuda's target price to 6.19 ringgit from 6.01 ringgit, and keeps a buy rating. Shares are 1.1% higher at 4.55 ringgit. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4230":"旅客陆运","MRT":"Marti Technologies Inc."},"translate_title":"赢得台湾捷运合同提振金务大订单量——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRT":1.5},"content_text":"0132 GMT - Gamuda's latest Taiwan mass rapid transit contract lifts its order book above 50 billion ringgit for the first time, RHB IB analyst Adam Bin Mohamed Rahim says in a note. The company secured a 3.3 billion ringgit Kaohsiung MRT joint-venture project with Taiwan-based Shang Ting, with Gamuda's effective share at 2.3 billion ringgit. Its order book now stands at 51.6 billion ringgit. RHB estimates Gamuda needs another 9 billion ringgit to 14 billion ringgit in new jobs this year to maintain its end-2026 order book target of up to 55 billion ringgit, which it views as achievable given ongoing global tenders worth at least 30 billion ringgit. RHB raises Gamuda's target price to 6.19 ringgit from 6.01 ringgit, and keeps a buy rating. Shares are 1.1% higher at 4.55 ringgit. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 10, 2026 21:32 ET (01:32 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}