Sunway Construction Group Bhd Initiate with buy with a target price (TP) of RM1.
Setapak, a large and established suburb in the district of Gombak, Kuala Lumpur, has seen the average values of its high-rise homes outpace that of Kuala Lumpur’s on the back of a strong rental market, affordability and good access via road and light rail transit.
KUALA LUMPUR (July 2): Kenanga IB Research maintained its overweight call over the construction sector, as it is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.
PETALING JAYA (June 29): Sunway Construction Group Bhd (SCG) has set a dividend policy of paying out 35% of its annual core profit once it has been listed to enable its shareholders “to participate in the group’s profit”, according to its prospectus of its initial public offer.
PETALING JAYA (June 29): Sunway Construction Group Bhd’s (SCG) listing exercise will offer up to 398.
IPOH (June 17): Sunway City (Ipoh) Sdn Bhd has unveiled projects with a total gross development value of at least RM500 million for Sunway City Ipoh within the next three years.
PETALING JAYA (June 12): Construction media group, BCI Asia awarded 20 of the country’s finest architecture firms and developers at its 11th annual BCI Asia Awards 2015 ceremony here tonight.
KUALA LUMPUR (June 12): Daiwa House Malaysia Sdn Bhd, a subsidiary of Japan’s largest prefabricated homebuilder Daiwa House Industry Co Ltd, has entered into a joint venture with Sunway Bhd’s unit Sunway Iskandar Bhd (SISB) to construct 100 prefabricated homes in Iskandar Malaysia, Johor, with a gross development value of RM210 million.