Bursa Malaysia Stock Watch

Sunway Berhad: Maintain HOLD - Bags MYR1.2b MRT Contract

kltrader
Publish date: Thu, 10 May 2012, 09:27 AM
kltrader
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A major boost to orderbook. Sunway's latest MYR1.17b win for the KVMRT Sg Buloh-Kajang viaduct works will boost its outstanding order book by 41% to MYR4b, and enhance earnings visibility over the medium term. We maintain our earnings forecasts for now having imputed job win potential to the tune of MYR1.5b for this year. Our RNAV-based TP is unchanged at MYR2.62. Maintain HOLD.

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Source: Maybank Research - 10 May 2012
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