opened flat on Thursday but took off shortly after, following news that the construction group had acquired Downer Group's Australian transport projects business.
According to Gamuda, DTP provides civil construction services in delivering transport projects for its customers, with specialist rail capability. DTP operates across Australia and primarily generates revenue from government clients, with a smaller share coming from private projects. "This will bring Gamuda’s outstanding construction order to another record high of about RM21b, giving it an earnings visibility up to FY26/FY27," it said.