Sunway records revenue increase of 26% to RM2.6 bil
The property development segment reported a revenue of RM380.
SunCon declares 29.25 sen dividend in 3Q as net profit leaps 80% on data centre jobs
The strong quarterly performance also boosted its nine-month results to a record high, with net profit more than doubling to RM243.
SunCon divests district cooling JV to Sunway’s facilities arm in group realignment
The move, which forms part of an intra-group restructuring exercise, will allow SunCon to streamline operations and sharpen its focus on core construction and related services, SunCon said.
Southern Score Builders subsidiary secures RM19.31m subcontract from Sunway Construction
Sunway Construction retains the discretion to postpone or defer the project, or any portion of it, by up to six months.
SunCon may face temporary data centre tender risks after graft probe, but fundamentals intact—analysts
"Even so, given its strong brand equity and parentage, we think SunCon will be able to recover from this event without impacting its new order wins materially over the longer term.
Sunway Construction says an employee under investigation by anti-graft agency
“SunCon is also currently seeking legal counsel to evaluate the appropriate actions to be taken on certain sub-contracts and parties.
Construction stocks extend decline sharply as SunCon falls over 10%
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
Sunway Construction posts 16% rise in 1Q net profit, eyes more advanced jobs
“The group is optimistic of registering a positive growth in FY2024 supported by our strong existing outstanding order book” totalling RM6.
RHB IB remains upbeat on construction sector, names Gamuda, Sunway Construction and Kerjaya Prospek as top picks
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
SunCon receives RM253m refurbishment contract from Sunway REIT
SunCon said the project is expected to contribute positively to the earnings of the group for the financial year ending Dec 31, 2023 onwards.
