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Huge RM3 Billion+ New Orders from Australia (May 20–25)
Gamuda’s Australian subsidiary, DT Infrastructure, successfully won two massive contracts in Queensland, Australia. These contracts are for building two giant hybrid power stations (combining solar power and battery storage) named Smoky Creek and Guthrie's Gap. Together, they are worth over RM3 billion!
15-Year "Government Revenue Guarantee"
Even better, on May 25, Gamuda's Weasel Solar and Cellars Hill Wind projects in Tasmania were selected for the Australian Government’s Capacity Investment Scheme (CIS). This means the Australian government will provide a financial safety net (a revenue guarantee) for Gamuda for the next 15 years, heavily dropping the investment risk.
Launch of First Sovereign AI Model (May 23)
In a surprise move, Gamuda launched "Wira-LLM", its first end-to-end sovereign AI model. This will fully integrate AI technology into their global engineering designs and tunnel-boring operations.
the US Vs IRAN situation is so unstable with bombing possibly resuming again, so we know why the stock is volatile with downwards pressure despite back to back huge contract wins. it's the Market overall, not just affecting Gamuda
