Earnings Alerts

Gamuda Bhd (GAM) Earnings Surge: Q1 Net Income Climbs 5.3% to 205.4M Ringgit

By December 12, 2024 No Comments
  • Gamuda’s net income for the first quarter is 205.4 million ringgit, showing a 5.3% increase compared to the previous year.
  • The company recorded a significant revenue rise, reaching 4.14 billion ringgit, which is a 47% increase year-over-year.
  • Earnings per share (EPS) improved slightly to 7.310 sen from 7.260 sen in the prior year.
  • Analyst coverage shows strong confidence with 19 buy recommendations, 2 holds, and no sell positions.

A look at Gamuda Bhd Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Gamuda Bhd shows a promising long-term outlook. With a strong score in Growth and Momentum, the company is positioned well for future expansion and market performance. The high Momentum score indicates positive market sentiment and investor enthusiasm towards Gamuda Bhd‘s prospects.

Despite average scores in Value, Dividend, and Resilience, the overall outlook for Gamuda Bhd remains optimistic due to its solid performance in Growth and Momentum. As an investment holding and civil engineering construction company with diverse business operations in construction, property development, and paper manufacturing, Gamuda Bhd is poised for continued growth and success in the long run.

Summary of Gamuda Berhad:
Gamuda Berhad is an investment holding and civil engineering construction company. Through its subsidiaries, the Company provides earthwork construction, manufactures and supplies road surfacing materials, and operates quarry and road laying projects. Gamuda also has an operation in hiring and rental of plant and machinery, develops properties, and manufactures and sells paper.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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