Gamuda GAMU.KL GAM MK EQUITY: ENGINEERING & CONSTRUCTION Management lowered FY26E sales guidance to MYR 4bn due to delays in the Hanoi launch, which will now be pushed into FY27E following permit timing issues (note: this was already guided in 2Q26 results). Management now expects a sharp rebound in property sales to MYR 7bn in FY27E, with approximately 75% of launches coming from Singapore and Vietnam. Key projects include the long-awaited Hanoi development launching in October, a MYR 1bn of joint venture ...