Posted by da4444 > 2015-09-11 16:22 | Report Abuse

On the book suncon is undervalued. Wait till people realise its a hidden gem it will shoot to 1.30++

Posted by ramlighani > 2015-09-11 16:40 | Report Abuse

Confirm today just signed 1.6 b project.

Posted by AAILY > 2015-09-11 16:44 | Report Abuse

when to announce ? after 6pm today ?

Posted by kentg03 > 2015-09-11 17:00 | Report Abuse

no power to last until 6. wait for Monday show

Posted by AAILY > 2015-09-11 17:02 | Report Abuse

Hope so. Thanks for sharing.

Posted by Regine > 2015-09-11 17:38 | Report Abuse

TP 1.38 on nx week as its fundamental is strong

Posted by rich_ > 2015-09-11 18:00 | Report Abuse

RM 1.6 billion contract.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4865561

Posted by klmanutd > 2015-09-11 18:04 | Report Abuse

Yahooo....... Rm1.6 b

Posted by The One > 2015-09-11 18:20 | Report Abuse

Wondering why Suncon up only 3 sen today? Surely this kind of info (quite big too) shoud have been known by insiders already. Hmm.. ???

Posted by hissyu2 > 2015-09-11 19:11 | Report Abuse

New contract awarded 1billion ++

Posted by Hakimi Hashim > 2015-09-11 19:16 | Report Abuse

haiya why drop back to 1.12???

Posted by gforce2 > 2015-09-11 23:05 | Report Abuse

Just some quick calculations, with the assumption that % profit is maintained.
Based on the past quarterly results, SunCon's pre-tax profit margin is about 8% of total revenue.
So, estimated profit of about RM128M from this 1.6B contract.

The contract period is 34 months, so we can estimate it would add about RM 11M pre-tax profit per quarter, or about RM 8M after tax to add to 4Q2015. This will add about 0.6-0.7 sen to EPS, bringing their annual EPS to about 12 sen.
Taking a conservative 10x P/E ratio, indicates RM1.20
If you want to be more optimistic, 12x P/E ratio, indicates RM1.44

One of the major catalyst looking forward, would probably be the LRT3 / MRT3, and other mega infrastructure projects. I expect SunCon to be able to get their fair share of contracts and tenders over the next 2-3 years.

Posted by jeffrey_cheah > 2015-09-12 09:12 | Report Abuse

If still cannot surpass RM 1.20(IPO price) should consider privatisation 2nd time.

Posted by LaoLiu > 2015-09-12 12:01 | Report Abuse

SunCon wins RM1.6bil Putrajaya project !
PETALING JAYA: Sunway Construction Group Bhd (SunCon) has bagged a construction project worth RM1.6bil from Putrajaya Holdings Sdn Bhd (PHSB) for works in Precinct 1, Putrajaya.

In a filing with Bursa Malaysia, SunCon said its subsidiary Sunway Construction Sdn Bhd had received the letter of award from Putrajaya Bina Sdn Bhd, which is a wholly-owned subsidiary of PHSB.

The award would involve the proposed design, construction and completion of government office buildings consisting of office towers, podium parking and external works for Parcel F, Precinct 1, Pusat Pentadbiran Kerajaan Persekutuan, Putrajaya, said SunCon.

“With this letter of award, the total outstanding order book for SunCon Group as of to-date is RM4.3bil.

“The project consists of the construction and completion of 10 blocks of government office buildings and one block of shared facilities,” the company said, adding that it aimed to achieve Gold Certification under the Green Building Index requirements.

The company said works would include all temporary and permanent works but not limited to architectural, interior design and fit out, landscape, building maintenance system, building facade, civil, structural, mechanical, electrical and system works sufficient to provide for the project while meeting the relevant local and international standards.

SunCon said the project would commence on Sept 18, 2015, with a contract period of 34 months.

“The project is expected to contribute positively to the earnings of SunCon group from the financial year ending Dec 31, 2015 onwards.”

Posted by LaoLiu > 2015-09-12 12:03 | Report Abuse

Time to collect more SunCon shares for future gain..as now still below IPO Value of 1.200.

Posted by Jason > 2015-09-12 18:31 | Report Abuse

Hi Tan Sri Jeffrey, don't easily give up first.. Even now KLCI index affect market sentiment

Posted by kinfatt999 > 2015-09-12 19:14 | Report Abuse

suncon is the best

Posted by LaoLiu > 2015-09-14 09:03 | Report Abuse

Go, go Suncon ! Now trade at 1.160.

Posted by kentg03 > 2015-09-14 09:54 | Report Abuse

Power pls last until 5pm. haha

Posted by kinfatt999 > 2015-09-14 12:29 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/09/14/PM-to-announce-economic-measures-today/?style=biz

Posted by kinfatt999 > 2015-09-14 12:29 | Report Abuse

sure lau sai today

Posted by Goodnews > 2015-09-14 12:30 | Report Abuse

Increase order book mean increase future profit. Good to collect more when still cheap.

Posted by AAILY > 2015-09-14 15:45 | Report Abuse

why no power at all ?

Posted by mamatede > 2015-09-14 15:53 | Report Abuse

collect only, long term share

Posted by Goldenharvest > 2015-09-14 16:56 | Report Abuse

have to look at the opportunity cost of holding on to this counter also..from 1.17 can go back to square one..1.12

Posted by kentg03 > 2015-09-14 18:26 | Report Abuse

those bought at 1.17 will curse suncon 99

Posted by birkincollector > 2015-09-14 18:56 | Report Abuse

stupid counter, will only go up if grab 1 trillion worth of projects

Posted by timss > 2015-09-14 20:24 | Report Abuse

Everyone is eyeing at the special dividend from Sunway for the time being. After ex-date, maybe there could be some movement...

Posted by ampabella > 2015-09-14 21:24 | Report Abuse

this counter only can wake up after 2 years

Posted by lian998 > 2015-09-14 22:45 | Report Abuse

http://www.theedgeproperty.com.my/my/content/sunway-construction-rises-357-new-rm161-billion-job

Posted by lian998 > 2015-09-14 22:46 | Report Abuse

tp 1.5

Posted by Mars > 2015-09-15 07:43 | Report Abuse

people scared RHB throw out the shares so all play save.

Posted by hissyu2 > 2015-09-15 07:55 | Report Abuse

pls la~~ RHB was just stablizier bank... do not own those shares laaaaaaaaaaaaaaa

Posted by kentg03 > 2015-09-15 09:28 | Report Abuse

will it another con day

Posted by BN_menang > 2015-09-15 10:39 | Report Abuse

Still got hope for SunCon to win anything under LRT3? SunCon has good past record why their bid not consider?

Posted by supernova > 2015-09-15 11:18 | Report Abuse

no hope, is conrfirmed to kent george, u help me i help u. no more lowest bid get the work, its about survival nowaday

Posted by Goodnews > 2015-09-15 13:26 | Report Abuse

TP RM 1.52.
http://www.theedgemarkets.com/my/article/sunway-construction-achieves-rm22b-worth-projects

Posted by kinfatt999 > 2015-09-15 14:01 | Report Abuse

tension play in the stock market ,

Posted by Tom Chun > 2015-09-15 18:47 | Report Abuse

haha RHB didn't own any SunCon share bro,just act as stabilizer manager in the first month of IPO launching

Posted by lian998 > 2015-09-17 18:43 | Report Abuse

two more days to up, hopefully

Posted by rich_ > 2015-09-17 19:11 | Report Abuse

Director buying more.

Posted by DreamGladiator > 2015-09-17 19:11 | Report Abuse

Waah, so cheap now ah ...

Posted by kinfatt999 > 2015-09-17 20:58 | Report Abuse

world reccesion is coming soon

Posted by rich_ > 2015-09-17 21:02 | Report Abuse

If recession coming meaning tonight Fed will not increase interest rate.

Posted by kinfatt999 > 2015-09-17 21:05 | Report Abuse

fed sure increase interest rate

Posted by rich_ > 2015-09-17 21:08 | Report Abuse

If IR increase MYR should weaken not strengthen like today.

Posted by mamatede > 2015-09-18 00:08 | Report Abuse

Was wondering how rhb play stabilizer if they do not buy the shares themselves, anybody so wise out there #sarcastically?? Although offiially now they are not supporting it anymore

Posted by Sebastian Sted Power > 2015-09-18 08:03 | Report Abuse

world reccesion!!

Posted by kentg03 > 2015-09-18 10:07 | Report Abuse

RHB did buy but they do not own any suncon share. All the shares (59,805,700) give back to sunholdings at 26 aug. correct me if im wrong. tq

Posted by ruslimz > 2015-09-18 12:33 | Report Abuse

stabilizing works together with over allotment of shares during ipos whereby placement agent in this case RHB will issue extra shares to a few institution as an over allotment of shares. For example officially as in the prospectus the number of ipo shares to be issued to institutions and public is 10m. But during offer RHB issued 12m shares. Normally extra shares issued to institutions only. So from where Rhb got these 2m shares extra. Actually it borrowed from share holders or the promoters of the company involved in this ipo. So within one month after listing RHB will have to buy these 2m shares from open market to replace the shares it borrowed from the share holders. At the mean time These purchase also acted as a price stabilizing during early days of listing.........