SUNWAY CONSTRUCTION GROUP BERHAD
KLSE (MYR): SUNCON (5263)
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Last Price
4.54
Today's Change
+0.27 (6.32%)
Day's Change
4.26 - 4.54
Trading Volume
7,072,000
Analysis
Discussions
7 people like this. Showing 50 of 2,170 comments
Gamuda, IJM, Suncon the 3 kings of construction all got very strong fundamentals. Only slight retracement recently due to US correction which is a temporary healthy correction before the next wave of bull run..
1 month ago
All wear red, today's share price also red 😆
https://www.thestar.com.my/metro/metro-news/2024/07/30/giving-back-in-golden-celebration
1 month ago
One of the 9 wonders of the world is found in stock market......why retailers dont buy SUNCON at 1.6 rgt but very excited to buy at 5 rgt.
The 8th Wonder of the WORLD is foreign fund/stock brokers issue buy call all over the media @ 4.5-5 rgt, but no where to be seen @1.6 rgt
1 month ago
For construction, we view limited impact of the stronger MYR as most costs are local. The market has been flooded with cheap steel imports from China, and a stronger currentcy might make the imports even cheaper now.
1 month ago
I see either IB, insider or big fund is dumpling purposefully to get this low. I saw thy do not want the price to up but down. I saw they is sudden add on sell q 2000 lots @4.30, we wait for manipulate done, hopefully the uptrend coming....
1 month ago
When pang say die,prepare to sapu.
When pang say mnrb will be like Lpi ,u lari kuat kuat la.
1 month ago
Mnrb 2.10 vs Lpi 12.48
Look left look right also cant figure how to find similarity.lol
1 month ago
The fate of construction related stocks might be similar to those glove counters….
1 month ago
Absolutely non sense if compare construction companies with glove companies. They will only have same fate if and only there are massive entry of china construction players entering Malaysia market, tender for all the data center projects and semi conductor facilities. Or All the upcoming local mega infrastructure given to china construction players instead of Gamuda, IJM and Suncon. If you do not foresee all these happening, stop your illusion.
1 month ago
The first support at 4.15 broken. The next support is at 3.75. Today 5.8.24 closed at 3.90.
1 month ago
Sunway Construction Group Bhd is recovering from the a correction earlier in the week as it bounced off the 50-day simple moving average (SMA) to maintain a positive trend.
The share rose for a second straight day yesterday as it attempted to reach a resistance at RM4.70, en route to a historical trading peak of RM5.18.
The technical indicators are showing a recovery from oversold positions with the slow-stochastic rising to 29 points while the 14-day relative strength index (RSI) bounced off the oversold line to retrace to 48 points.
However, the daily moving average convergence and divergence (MACD) histogram shows falling momentum. A change in direction in the indicator would signal a return to buying interest.
Support for the stock is found at RM3.81 and RM3.30.
1 month ago
if you dont know how to read MACD, dont pretend you are expert...the MACD is showing a recovery path and trend of crossing. Buy call sign
1 month ago
sometimes a temporary drop will present us with some very good opportunities to grab good stocks at discounted price. This opportunity dont come always. I always like Sunway group. They are one of the best managed conglomerate in Msia.
1 month ago
Indeed, but they will never admit. ha
https://www.thestar.com.my/business/business-news/2024/08/27/suncon-eyes-more---------------data-centre-projects
3 weeks ago
No one asking why, when many construction and property stocks raised above +100%? And now drop just over 30%, many people start to ask?
Whatever goes up , must finally come down to its fair value, simple principle.
3 weeks ago
Profit taking is also a full time job, when the right time comes, u sell. Unlike us work 8-5 in the office and long term investor only
2 weeks ago
Investments in Malaysia up 18% to RM160 billion in first half of the year 😮
https://www.nst.com.my/business/economy/2024/09/1100782/pm-investments-malaysia-18pct-rm160b-first-half-year
2 weeks ago
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.
16 hours ago
The reduction of interest rate will benefit property, infrastructure, utility companies while lower interest rates can present challenges for banks.
16 hours ago
The real bull run is finally here in Bursa Malaysia for property and infrastructure companies as the import of building and construction materials becomes cheaper because of a weaker USD compared to RM.
16 hours ago
https://theedgemalaysia.com/node/727236
Singapore stock market heading to 17-year high on US 0.5% rate cut.
KLSE property and construction companies will follow.
15 hours ago
SunCon all time high is RM5.18. Still got RM0.64 to catch up from RM4.54 closing price of today (19.09.2024).
14 hours ago
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suncon kuat.....coming budget 2025 play?
1 month ago