not vested
Analysts see Gamuda clinching more hyperscale data centre projectsBy Luqman Amin
Recently secured contracts for the construction of a hyperscale DC in Elmina Business Park, with a combined value of RM1.7 billion.
"The latest win brings Gamuda’s unbilled order book to RM25.8 billion (an additional 7%), with DC jobs comprising 8% of the estimated unbilled construction order book.
Gamuda shares are currently trading at an attractive 17.5 times forward earnings, according to HLIB, which raised its target price for the counter to RM6.88.
Last Friday, Gamuda announced that it had secured two separate contracts for the construction of a hyperscale DC in Elmina Business Park, with the first contract worth RM815 million awarded by Sime Darby Property Bhd (KL:SIMEPROP) for the construction, completion, testing, and commissioning of the DC.
The second contract, valued at RM928.6 million, is from Pearl Computing Malaysia and involves the fit-out, testing, and commissioning of mechanical, electrical, and plumbing works for the same DC in Elmina Business Park.
Source: theedgemalaysia.com
https://theedgemalaysia.com/node/713040
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