Sunway Construction Group Bhd (April 19, RM2) Maintain hold with an unchanged target price (TP) of RM1.
KUALA LUMPUR (April 8): Sunway Real Estate Investment Trust (REIT)'s proposed RM10 billion perpetual note programme, which will increase the group's debt headroom without diluting earnings and distribution per unit (EPU and DPU), is a positive development, according to Hong Leong Investment Bank (HLIB) Research.
KUALA LUMPUR (April 2): Sunway Construction Group Bhd’s (SunCon) indirect unit Sunway Builders (Myanmar) Co Ltd (SBM) has inked a memorandum of understanding (MoU) with a Myanmar company Capital Construction Ltd (CCL) to jointly bid for major infrastructure and construction projects in Myanmar, marking SunCon’s first foray into the Southeast Asian country.
KUALA LUMPUR (March 22): Sunway Real Estate Investment Trust has proposed to establish a RM10 billion perpetual note programme for the financing of investment activities, refinancing of existing and future borrowings, and working capital.
KUALA LUMPUR (March 21): Sunway Construction Group Bhd announced yesterday that it has, via its subsidiaries, bagged two piling works contracts worth a combined value of RM86.
KUALA LUMPUR (March 6): Sunway Construction Group Bhd’s unit Sunway Geotechnics (M) Sdn Bhd has launched a lawsuit against Ikhmas Jaya Group Bhd’s wholly-owned subsidiary Ikhmas Jaya Sdn Bhd, seeking RM8.
Sunway Bhd (March 1, RM1.
KUALA LUMPUR (Feb 26): Wider profit margin helped to lift Sunway Construction Group Bhd’s (SunCon) earnings for the fourth quarter ended Dec 31, 2018 (4QFY18).