month high on renewable energy venture with SD Guthrie
Gamuda Bhd shares reached a 10-month high following a joint venture agreement for a major renewable energy project in Perak. The project involves a 680MW solar plant and battery storage system expected to generate significant long-term revenue.
Why it matters
This development reflects growing investor confidence in renewable energy infrastructure projects in Southeast Asia.
BURSA SGX Home Hot Stock Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Sept 30): Gamuda Bhd (KL: GAMUDA ) hit a 10-month high on Wednesday after its joint venture with SD Guthrie Bhd (KL: SDG ) and Gentari Sdn Bhd signed a term sheet with a US-based technology company for a 680MW renewable energy project in Perak.
Gamuda shares rose as much as 30 sen or 6% to RM5.28, their highest level since Nov 27, 2025. The counter later ended at RM5.18, still up 4%, with more than 87 million shares changing hands, valuing the group at RM31.3 billion.
SD Guthrie also gained as much as seven sen or more than 1% to an intraday high of RM6.23, before paring some gains to end at RM6.20, giving it a market capitalisation of RM42.9 billion.
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