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Overview
Financial Highlight
HeadlinesBusiness Background Sunway is a Malaysian property-construction corporation with business divisions in property, construction, hospitality, retail, leisure, commercial, trading and manufacturing, building materials, quarrying, healthcare, education, and a real estate investment trust. The property division develops residential and nonresidential properties including retail, healthcare, hospitality, leisure, and commercial assets. The construction division is involved in civil engineering, industrial building systems, geotechnical solutions, machinery, and logistics. The retail division owns and manages shopping malls. The hospitality division operates hotels and resorts in Malaysia, Cambodia, and Vietnam. The leisure division operates theme park attractions such as Sunway Lagoon in Bandar Sunway.
  Mabel A Billion in Bookings Sunway Property, the property arm of Sunway Bhd (SUNWAY) has recorded a sum of MYR1.1 billion in bookings so far this year, contributed by 14 properties around the nation under SUNWAY’s Signature Series 2024 Campaign. This marks the third consecutive year of booking growth for the community developer, as SUNWAY achieved MYR800 million in 2022 and soon broke the MYR1 billion point in 2023. Meanwhile, Sunway Aviana in Johor flexed a remarkable 100% take up rate in just the first two months of launch. Moving forward, SUNWAY announced on 24 July’24 that it plans to launch its first freehold landed homes in Sunway City Iskandar Puteri Johor following this campaign’s success, according to The Star. To Our Success ! Meow 25/07/2024 10:56 AM  fruitcake wait & see. sunway & ijm are the leaders. mahsing seems lost, looking for its way home😂 01/08/2024 11:42 AM  speakup Yes that is main reason. Secondary reason is PH govt duno how run country 02/08/2024 7:26 PM mf Investing.com - U.S. stock futures fell sharply Friday ahead of the release of the key nonfarm payrolls number, while tech earnings dominated sentiment. Here are some of the biggest premarket U.S. stock movers today Intel (NASDAQ:INTC) stock slumped 21% after the chipmaker suspended its dividend an... 02/08/2024 7:35 PM ChloeTai The 1st support at 3.90 is broken. The next support is at 3.50, followed by 3.35. Today closed at 3.62. 05/08/2024 6:08 PM Antifanaticracism DJ has been going up for past 3 days but majority klci shares dropped.. local funds have been buying to support the shares for the past two weeks. But klci shares became weaker and weaker. If DJ is to drop tomorrow or Monday, klci shares will steeply. Sell if u can now 15/08/2024 3:40 PM forest18 I do not share that sentiment of glum, neither it is sunshine. If you look at what the Chief Equity Strategist of Morgan Stanley said in his interview with Bloomberg, he said that the S&P 500 is range bound at the moment, asking investor to stay on the quality curve. He sees little evidence of a bear market yet, even though US economy is in the late cycle. https://www.bloomberg.com/news/articles/2024-08-13/morgan-stanley-s-wilson-sees-few-signs-of-bear-market-in-stocks?embedded-checkout=true Remember come September there is a very strong possibility of an interest rate cut. Malaysia economy on the other I see is at it's early cycle, spoken to senior people in the MNC investment banks they are taking a bullish view in Malaysia's equity and currency. Let's hope and pray what happened last Monday does not repeat itself or manifest into a financial crisis. 15/08/2024 5:18 PM Antifanaticracism Interest rate cut will caused capital flight out of US. Shares of US will fall because investors will sell US shares and move capital out as soon as possible before USD value drops. Shares prices of US shares will drop slowly at the beginning and gather speed latter. The drop in US shares price will affect klci for a short term. 15/08/2024 8:56 PM forest18 I agree with the opinion that a drastic drop in US index will effect KLCI for the short term. But, as for the cut of interest rates in the US, I think the more likely scenario is that funds will move from fixed income etc. to equities, S&P 500 specifically. A capital flight? I doubt the Feds will lower interest rates to the extend it would jeopardise the value of the dollar, heads will roll. The interest rates cut is to simulate economic growth and full employment. You know, what I really hope it does (this interest rate cut) is that the same fund is diverted and invested in KLCI which is under-valued and our currency is still cheap, that way all of us make a little dosh. I maybe wrong, its economics, its about people. Wish you well and happy! 15/08/2024 9:56 PM Mabel https://www.thestar.com.my/business/business-news/2024/08/22/malaysia-shines-as-foreign-investors-return-peers-stumble?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240823&__sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFUJVQ&__stm_medium=email&__stm_source=smartech The stock benchmark KLCI has risen more than 12% this year on the back of an AI-driven data center boom, outperforming the 6% rise in the MSCI Southeast Asia index . 23/08/2024 10:36 PM KingKKK SUNWAY (One of Bursa Magnificent 7 stock) - Strong Q2 earnings with Uptrend Intact - KingKKK https://klse.i3investor.com/web/blog/detail/bestStocks/2024-08-29-story-h-153181128-SUNWAY_One_of_Bursa_Magnificent_7_stock_Strong_Q2_earnings_with_Uptrend 29/08/2024 9:48 AM Mabel The reduction of interest rate will benefit property, infrastructure, utility companies while lower interest rates can present challenges for banks, they can also create opportunities through increased lending activity and improved asset quality. 17/09/2024 11:46 PM Mabel Good News this morning. Here are the key points: Fed Cuts Rates: The Federal Reserve cut interest rates by half a percentage point, citing increased confidence in inflation moving towards 2%. Economic Projections: Policymakers expect further rate cuts, with the benchmark rate falling to 2.75%-3% by 2026. Market Reactions: US stocks gained, the US dollar fell, and Treasury yields dropped following the announcement. Labour Market Concerns: The Fed’s decision reflects concerns about a potential slowdown in the job market, despite progress on inflation. 19/09/2024 9:56 AM ChloeTai Sunway today (19 Sep 2024) closed at RM4.38. Its all time high is RM4.42. Can it make a new all time high? 19/09/2024 6:12 PM enning22 Sunway to buy Taman Taynton land for RM320m for mixed development https://theedgemalaysia.com/node/728798 02/10/2024 8:21 PM Mabel Gamuda Bhd (KL:GAMUDA) and Sunway Bhd’s (KL:SUNWAY) construction arm emerged as HLIB’s top picks as both companies have strong pipeline visibility and are in the earnings upcycle phase, it noted. 04/10/2024 7:36 AM  edcheong https://www.edgeprop.my/content/1910690/sunway-jointly-develop-singapore-land-mixed-use-development-worth-s66828-mil?fbclid=IwY2xjawF2LttleHRuA2FlbQIxMQABHaTDiKRCVd0z4W_ZwLnPdkcsDT7ieDjOsSFWMtwbkHjRUQOLVxWWEFXCzQ_aem_Ymru4PeAwV_w46xwkVRVJQ 12/10/2024 12:18 AM Bell2stock https://www.thestar.com.my/business/business-news/2024/11/19/optimistic-outlook-for-sunway-on-healthy-demand-for-property 20/11/2024 12:46 PM  | |
