SHAH ALAM: Gamuda Bhd has set a target of securing RM3.5 billion in property sales in the financial year ending July 31, 2018 from RM2.4 billion secured in 2017. Lin said the current contribution from both of its local and overseas projects are at 50:50, but overseas projects have contributed well towards the group’s property sales. On its construction business, Lin said the group is expected to maintain its annual orderbook size of between RM6 billion and RM8 billion next year. “We are expecting subcontract prices will move in the next two to three years when other new projects come in. Currently, he said the company’s orderbook size stands at RM8 billion and will keep the company busy over the next three years.

Source: New Strait Times December 07, 2017 04:52 UTC