Top Stories
Company Update | Gamuda (GAM MK/BUY/RM4.22/Target: RM5.25)
Gamuda’s ytd share price consolidation potentially reflects declining foreign shareholding, profit-taking after its stellar outperformance in 2024-25, and broad market de-risking due to GE16. Nevertheless, the group is set to digest its recordhigh orderbook of >RM50b into an exponential earnings delivery in FY27-28. Ample Australia opportunities, DC and infrastructure pipelines in Malaysia, and a growing overseas property segment remain as key catalysts. The current discounted valuations and mid-long-term earnings visibility are also attractive. Maintain BUY and target price of RM5.25.
Market Spotlight
- The FBMKLCI continued to drop 1.92pt (-0.11%) and closed at 1,720.37 yesterday as investors remain cautious over the uncertain global environment and lack of fresh local catalysts.
- US stocks were higher after the close on Tuesday, as gains in the technology, oil & gas and basic materials sectors led shares higher.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Eita Resources | EITA MK
Trading Buy Range: RM0.54-0.55
Genetec Technology | GENE MK
Trading Buy Range: RM0.355-0.36
Rapid Synergy | RSB MK
Trading Buy Range: RM0.77-0.78
Top Stories
Company Update | Gamuda (GAM MK/BUY/RM4.22/Target: RM5.25)
Gamuda’s ytd share price consolidation potentially reflects declining foreign shareholding, profit-taking after its stellar outperformance in 2024-25, and broad market de-risking due to GE16. Nevertheless, the group is set to digest its recordhigh orderbook of >RM50b into an exponential earnings delivery in FY27-28. Ample Australia opportunities, DC and infrastructure pipelines in Malaysia, and a growing overseas property segment remain as key catalysts. The current discounted valuations and mid-long-term earnings visibility are also attractive. Maintain BUY and target price of RM5.25.
Market Spotlight
- The FBMKLCI continued to drop 1.92pt (-0.11%) and closed at 1,720.37 yesterday as investors remain cautious over the uncertain global environment and lack of fresh local catalysts.
- US stocks were higher after the close on Tuesday, as gains in the technology, oil & gas and basic materials sectors led shares higher.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Eita Resources | EITA MK
Trading Buy Range: RM0.54-0.55
Genetec Technology | GENE MK
Trading Buy Range: RM0.355-0.36
Rapid Synergy | RSB MK
Trading Buy Range: RM0.77-0.78
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