SUNWAY CONSTRUCTION GROUP BERHAD
KLSE (MYR): SUNCON (5263)
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Last Price
4.72
Today's Change
+0.18 (3.96%)
Day's Change
4.54 - 4.74
Trading Volume
3,103,000
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Discussions
7 people like this. Showing 50 of 2,189 comments
The first support at 4.15 broken. The next support is at 3.75. Today 5.8.24 closed at 3.90.
2024-08-05 17:54
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.
2024-08-08 12:06
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
2024-08-09 09:35
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.
2024-08-09 15:12
Indeed, but they will never admit. ha
https://www.thestar.com.my/business/business-news/2024/08/27/suncon-eyes-more---------------data-centre-projects
2024-08-27 16:22
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.
2024-08-29 19:53
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
2024-08-30 15:49
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
2024-09-03 19:18
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.
2024-09-19 15:48
The reduction of interest rate will benefit property, infrastructure, utility companies while lower interest rates can present challenges for banks.
2024-09-19 15:49
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.
2024-09-19 15:52
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.
2024-09-19 17:18
SunCon all time high is RM5.18. Still got RM0.64 to catch up from RM4.54 closing price of today (19.09.2024).
2024-09-19 17:45
Congrats to all suncon shareholders... I made a mistake by betting on the wrong horse (IJM) - although making money but not as much - as compared to investing in SunCon.
2024-09-22 11:29
For FY24-26, Suncon’s revenue is expected to grow, fueled by strong demand for DC construction. The company’s EBITDA for FY24F is projected at RM304 million, increasing to RM498 million in FY25F. Net profit for FY25F is expected to reach RM322.6 million, a significant increase from RM190.9 million in FY24F.
https://www.minichart.com.sg/2024/09/24/sunway-construction-group-bhd-powering-growth-through-data-centers-and-diversification/
2 months ago
SunCon is very much involved in DC construction in Cyberjaya. Completed one & now handling 2 more including for Amazon. It’s not from reading news but I see it myself.
2 months ago
WATCH: Israeli soldiers raise flag near Lebanon monument
Israeli soldiers have filmed themselves raising Israel’s national flag in the south Lebanon village of Labbouneh, near a monument marking the end of the 2006 war between Israel and Hezbollah.
A soldier fist-pumps the air and cheers as the flag is raised.
Watch the video below:
2 months ago
Suncon 4.32
Downgrade lower rm 3.higher cost kick in as minimum salary rm 1700.ron 95 at rm 2.6 also kick in.
1/11/24 3.18pm
1 month ago
Too weak and very much dependent on construction king to lift it up. Said goodbye and focus on the king..
1 week ago
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Run for ur life .. crisis
2024-08-05 09:33