Gamuda secures MYR 2.71 billion Taiwan contract for Gamuda stock

Published on 10/20/2026 at 03:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gamuda won a TWD 29.22 billion Taiwan rail contract on October 14, 2026. Gamuda stock has MYR 63.9 billion in orders for FY27.

Contract execution and valuation

Gamuda's Taiwan joint venture secured a TWD 29.22 billion contract on October 14, 2026.
Gamuda's unbilled construction order book reached MYR 63.9 billion on October 16, 2026.
Gamuda's market capitalization was MYR 29.2 billion as of October 20, 2026.

Gamuda, MYL5398OO002, Illustration mit AI erstellt.

Gamuda (MYL5398OO002) secured a MYR 2.71 billion share of a Taiwan rail contract on October 14, 2026, according to MarketScreener. The award gives the Gamuda-led joint venture a 72.84 percent stake in the TWD 29.22 billion Keelung Mass Rapid Transit design-and-build project.

Taiwan award expands the backlog

The project covers 15.6 kilometers of trackwork and systems across Taipei City, New Taipei City and Keelung City. The contract runs for 2,820 days, or 7.7 years, and Gamuda is the joint venture's main contractor, according to MarketScreener. For investors, the award adds execution volume to a business already carrying a large overseas project pipeline.

Three contract milestones since September

On September 20, 2026, Gamuda's Australian joint venture won an AU$624 million road upgrade project, according to MarketScreener. On September 28, 2026, a Gamuda consortium entered a 21-year term sheet for a 680 megawatt hybrid solar and battery project, according to MarketScreener. The October 14, 2026 Taiwan award was the latest of the three milestones.

What supports FY27 execution?

TA Research said on October 16, 2026 that the latest award lifted Gamuda's fiscal 2027 year-to-date job wins to MYR 15.2 billion and its unbilled construction order book to MYR 63.9 billion, or 4.3 times fiscal 2026 construction revenue, according to The Star. The same report said TA Research maintained a MYR 5.65 target price.

The counter-factor is margin pressure. Gamuda's fiscal 2026 net profit margin was 5.98 percent, while overseas revenue reached MYR 11.07 billion, or 59.5 percent of total revenue, according to New Straits Times. Net debt stood at MYR 9.4 billion at the end of fiscal 2026, while operating cash flow improved to MYR 808 million from a MYR 78 million outflow in fiscal 2025.

Price and valuation context

Execution now matters alongside balance-sheet discipline. Gamuda's market capitalization was MYR 29.2 billion on October 20, 2026, while its 52-week range was MYR 3.70 to MYR 5.50; the stock was trading at MYR 4.82 on Bursa Malaysia at 9:16 a.m. MYT on October 20, 2026.