In this episode, we unveil our comprehensive Initiation of Coverage on Gamuda Berhad (5398.KL), Malaysia’s leading infrastructure and engineering conglomerate. With a record-breaking MYR34.6 billion order book, growing global footprint, and strong earnings momentum, Gamuda is well-positioned for multi-year growth.

We explore why we’re initiating with a Buy rating and a MYR5.90 target price, reflecting a compelling ~15% upside. From mega rail and data center projects to renewable energy plays in Australia, we unpack the strategic pivots powering Gamuda’s transformation into a high-growth regional player.