Gamuda's Shares Sell-Off Looks Overdone -- Market Talk

Dow Jones

Feb 03

0402 GMT - Gamuda's recent shares sell down appears overdone, driven mainly by technical and sentiment factors rather than fundamental deterioration, TA Securities analyst Ng Hong Tong says in a note. Despite an over 10% year-to-date decline, earnings visibility could remain strong, supported by a record MYR45.9 billion outstanding order book and MYR8 billion unbilled property sales, he says. About 70% of projects remain in early construction phases, where initial works result in slower revenue recognition, delaying earnings acceleration until 2027, he adds. Ng sees this as a timing issue, not a structural concern. TA Securities cuts Gamuda's target price to MYR6.17 from MYR6.58, while maintaining a buy rating on the stock. Shares are 5.9% lower at MYR4.16. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

February 02, 2026 23:02 ET (04:02 GMT)

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Despite an over 10% year-to-date decline, earnings visibility could remain strong, supported by a record MYR45.9 billion outstanding order book and MYR8 billion unbilled property sales, he says. About 70% of projects remain in early construction phases, where initial works result in slower revenue recognition, delaying earnings acceleration until 2027, he adds. Ng sees this as a timing issue, not a structural concern. TA Securities cuts Gamuda's target price to MYR6.17 from MYR6.58, while maintaining a buy rating on the stock. Shares are 5.9% lower at MYR4.16. 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Despite an over 10% year-to-date decline, earnings visibility could remain strong, supported by a record MYR45.9 billion outstanding order book and MYR8 billion unbilled property sales, he says. About 70% of projects remain in early construction phases, where initial works result in slower revenue recognition, delaying earnings acceleration until 2027, he adds. Ng sees this as a timing issue, not a structural concern. TA Securities cuts Gamuda's target price to MYR6.17 from MYR6.58, while maintaining a buy rating on the stock. Shares are 5.9% lower at MYR4.16. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 23:02 ET (04:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608451558","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608451558","pubTimestamp":1770091320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0402 GMT - Gamuda's recent shares sell down appears overdone, driven mainly by technical and sentiment factors rather than fundamental deterioration, TA Securities analyst Ng Hong Tong says in a note. Despite an over 10% year-to-date decline, earnings visibility could remain strong, supported by a record MYR45.9 billion outstanding order book and MYR8 billion unbilled property sales, he says. About 70% of projects remain in early construction phases, where initial works result in slower revenue recognition, delaying earnings acceleration until 2027, he adds. Ng sees this as a timing issue, not a structural concern. TA Securities cuts Gamuda's target price to MYR6.17 from MYR6.58, while maintaining a buy rating on the stock. Shares are 5.9% lower at MYR4.16. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6512":"房地产股","BK6045":"建筑与工程","PA3.SI":"长益"},"translate_title":"金务大的股票抛售看起来有些过度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PA3.SI":0.73},"content_text":"0402 GMT - Gamuda's recent shares sell down appears overdone, driven mainly by technical and sentiment factors rather than fundamental deterioration, TA Securities analyst Ng Hong Tong says in a note. Despite an over 10% year-to-date decline, earnings visibility could remain strong, supported by a record MYR45.9 billion outstanding order book and MYR8 billion unbilled property sales, he says. About 70% of projects remain in early construction phases, where initial works result in slower revenue recognition, delaying earnings acceleration until 2027, he adds. Ng sees this as a timing issue, not a structural concern. TA Securities cuts Gamuda's target price to MYR6.17 from MYR6.58, while maintaining a buy rating on the stock. Shares are 5.9% lower at MYR4.16. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2026 23:02 ET (04:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}