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Tuesday, 27 October 2026

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GDB Order Book Doubles to RM2.05 Billion After Record Contract

GDB's record RM1.02 billion ParkCity Residences award doubles its order book and improves revenue visibility through 2031.

By TLA AI Editor3 min read

Kuala Lumpur, 27 October 2026 – GDB Holdings Berhad’s outstanding order book has doubled to RM2.05 billion after the builder secured a RM1.02 billion contract for ParkCity Residences, its largest housing job to date. The shares rose nearly 6% to 54.5 sen on Tuesday, their highest level since June 12.

The award matters to Malaysian investors because it gives GDB revenue visibility over the next five years and changes the scale of its active workload. The contract is confirmed, while the expected profit contribution remains an analyst estimate. Delivery will depend on project execution, working-capital management and the company’s ability to control labour and material costs through a long construction period.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.