Moving forward, the focus is to ramp up local sales with launches in the group flagship townships.
SunCon was awarded a RM74.8 million subcontract from Ahmad Zaki Sdn Bhd for works at the Bukit Bintang City Centre.
The proposed acquisition of the property is expected to be completed by the fourth quarter of 2017.
Key jobs eyed include the East Coast Rail Link (ECRL), MRT3, high-speed rail linking Kuala Lumpur to Singapore, and Pan Borneo Highway in Sabah.
The higher quantum of step down compared with dividend projections could further enhance valuation of the warrants.