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Without a doubt, the past two years have been challenging. The dramatic spread of COVID-19 has taken a toll on everyone’s lives, impacting livelihood and businesses globally. Our businesses were not spared either, however, we managed to weather through the pandemic storm with minimal disruptions to our business operations, mainly due to our unique COVID-19 ecosystem.
Our engineering and construction division ended the year on a triumphant note, having clinched three prestigious international awards for its tunnelling expertise. Our current construction orderbook of RM4.5 billion can sustain the Group’s earnings for the next two years while for FY2022, we aim to continue our orderbook replenishment target of RM10 billion from FY2021, stemming from Penang South Islands (PSI) project and future projects in Australia. For overseas markets, we will continue with our expansion in both Singapore and Taiwan.
As for our property division, we witnessed higher take up rates for newer townships such as Gamuda Gardens, Gamuda Cove and twentyfive.7. Due to the pandemic, there has been a shift in consumer sentiment, favouring larger, more spacious units to accommodate a home office.
With the property sector industry staging recovery this year and positive take up rates which reflect the consumers’ trust in our projects as it showcases green and sustainable qualities that are part of our DNA – the commitment to be a sincere, responsible and original town-maker, we are optimistic that our property division will continue to contribute sustainable income to the Group.
On the environmental, social, and governance (ESG) front, we always believed that good governance plays a key role in achieving the Group’s objectives to deliver our sustainability targets. Thus, we further strengthened our sustainability governance structure with the implementation of the Gamuda Green Plan (GGP) 2025 in FY2021. GGP 2025 is a group-wide tangible targets anchored on four pillars framework, driven by ESG dimensions, over the next five years – to empower all of us at Gamuda to pursue these goals with a structured plan.
There will be inevitable challenges to overcome as we carry on our journey to achieve the goals set out in GGP 2025. Nevertheless, as we remain firm in our conviction that our five core values – Take Personal Ownership; Walk the Talk; Adopt Open, Honest Communication; Demonstrate Real Teamwork; and Develop Our People – are critical to achieving our long-term goal, we are confident that we will be able to meet these targets.
What we have achieved so far has been amazing and we can attribute this success to the contribution from everyone here at Gamuda. It is not a solo journey as the path to greatness is along with others, us as a team, just like the quote by Steve Jobs, “Great things in business are never done by one person; they’re done by a team of people.”
Also, we are harvesting what we sowed years ago. We have become pioneers and trailblazers in the industries that we are in. The doors will be opened for those who are bold enough to knock and we can proudly say that we’ve been bold all these years, not afraid to be indifferent, pushing our limits to go beyond the accepted norms, creating groundbreaking technological innovations.
The COVID-19 pandemic is far from over, and with new variants emerging, we are not sure when we will regain some sense of normalcy. So, let us embrace the new year with courage, and continue to sail through. Come what may and we will take it head–on, like a bull by its horns.
Rise Editorial conversation with Mr Justin Chin Jing Ho – Gamuda Engineering Managing Director, and Mr Aw Sei Cheh – Gamuda Land Chief Operating Officer.
Happy New Year, Gamudians! We have sailed through the tribulations last year and even managed some triumphs and a few accolades.
As 2022 dawns, in our first issue of the year, we have stories that will inspire you to challenge the status quo while embracing the new normal to keep our achievements soaring.