Sunway Construction secures RM1.15 bil new work orders, lifts order book to RM6.9 bil

KUALA LUMPUR (Feb 26): Sunway Construction Group Bhd (KL:SUNCON) has secured new work orders totalling RM1.15 billion for shell-and-core projects from a US-headquartered multinational technology company.

In a bourse filing, SunCon said its wholly owned Sunway Construction Sdn Bhd accepted the work orders for two separate projects. Construction is set to begin immediately, with final completion targeted for May 2027. SunCon, however, did not disclose the identity of the client.

The latest win lifts SunCon's outstanding order book to RM6.9 billion, including RM1.2 billion in new projects secured in the first eight weeks of 2026. The group is aiming for a RM6 billion order replenishment this year, after achieving an all-time high order book replenishment of RM5.2 billion in 2025.

The latest contract wins follow a banner year for the builder. On Monday, SunCon declared a fourth interim dividend of nine sen per share, bringing its total FY2025 payout to a record 50.5 sen.

The record payout comes after a 93.6% jump in full-year net profit to RM361.78 million from RM186.91 million a year earlier. Revenue breached the RM5 billion milestone for the first time, ending the year at RM5.34 billion.

The group attributed the stronger performance to robust contributions across all segments, led by accelerated progress in advanced-technology facilities-related projects.

SunCon shares closed 31 sen or 4.7% higher at RM6.90 on Wednesday, valuing the group at RM9.13 billion. Year to date, the counter has gained over 21%.

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