SUNWAY CONSTRUCTION GROUP BERHAD
KLSE (MYR): SUNCON (5263)
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Last Price
4.96
Today's Change
-0.06 (1.20%)
Day's Change
4.92 - 5.18
Trading Volume
3,687,900
Entitlement
Upcoming
Happening
| Ann. Date | Ex Date | Type | Subject | Amount |
|---|
Discussions
7 people like this. Showing 50 of 2,112 comments
Suncon order book remain solid at 7.9 billion. SH 2 power plant is never included in the order book so far as Suncon never receive official letter for EPCC. There is still many mega infrastructure and DC project in tender. If ToyoVen is having a big trouble to financial closing, then it’s better to terminate the project before EPCC work. Suncon lose nothing at this stage. It will be a bigger issue if the EPCC work halt half way due to financial issue by ToyoVen.
2 weeks ago
Still strong. Price drop below 4 and pushed up high again within one day. Deep range. Many made money from Intraday trading.
2 weeks ago
Suncon @1.60 , I was searching for fund houses issue buy call. None. Now SUNCON @4.5, fund houses are issuing BUY BUY BUY like recent Malaysia election, with Loud megaphone. Normally the end is very near. @1.60 , their buy call is for selected insider. Now the same Buy call for is to invite outsider sotong to come in.
1 week ago
It is true that Suncon fundamental is good, backed by no nonsense Sunway team of management. The idea of Data Centers is not hatched yesterday or 1 months ago. Insiders already planning and "scheming" one or 2 years ago. That was when Suncon was meandering between 1.20 -1.50 . It is only NOW that outsiders are hearing GOOD GOOD GOOD BUY. @4.50 Now you can understand how foreign fund are making 200-500% .
1 week ago
one counter that i went in and chicken out too soon :-) today it is flying like no one had even thot of..... kudos to one con.... suncon
1 week ago
I also chicken out too soon,i left @3.8, if suncon really go to rm6, I think I will use an hammer to hammer my chest badly.
1 week ago
Many panicked bilis got washed out during the washing down to RM3.80 only to see it rebound and fly higher..
1 week ago
JP Morgan now upgrade Bursa from 1500 to 1650.
Suncon quitely accumulated from 1.30 to 4.65 (loudly announced good bye by fund houses @4.50) . Mali mali all the sotong, foreign funds announce they just landed in Bursa in July 2024. But the high tide does not seems to show up in 1000 other counters.
1 week ago
CGS International (CIMB)
Sunway Construction (SUNCON)
ADD: Higher target price: RM5.46
https://rfs.cgsi.com/api/download?file=36c77474-3d66-42e6-9b4e-15fcc651b4d2&rpt=0E6765B2-104F-4D79-85BA-EA767E11A596
1 week ago
Sunway Construction Group Bhd Potent combination of earnings upgrades and P/E re-rating:
■ Reiterate Add, as we raise FY24F-FY26F EPS and lift TP to RM5.46.
■ We think our FY24F new order wins of RM5.2bn, at the top end of RM4bn5bn guidance, is achievable with upsizing of existing data centre projects.
■ Re-rating thus far driven by EPS upgrades, with valuation re-rating to follow.
Focus on data centre and government infra projects:
In our view, the cancellation of Song Hau 2 thermal plant project is a setback but Suncon can now focus its resources on project flows locally particularly for data centre projects and the eventual revival of government infrastructure. Suncon has 5 data centre projects (from 4 clients) contributing 50% of its orderbook of RM7.9bn as at Jun-24. Management said it is also bidding for 4 data centre projects, most of which are in Johor.
Upsizing of existing data centre projects brings upside potential:
Suncon is witnessing upsizing of its existing data centre projects; in Jun 24, its existing RM1.7bn Sedenak data centre contract (Sedenak) was increased to RM3.2bn due to additional scope of work. We do not discount further upsizing of this contract depending on end demand. The remaining data centre projects in its orderbook are K2 (RM197m), early contractor involvement for a US MNC (RM58m) and another US MNC (RM748m). We think the potential upsizing of these may add another RM2bn-3bn of new orders in 2H24F and some may spillover into 1Q25F. 6M24 wins amounted to RM3.3bn (Fig 5) vs. our FY24F new win target of RM5.2bn (including precast) and its revised target of RM4bn5bn (from RM2.5bn-3bn). Hence, this implies incremental new wins of RM1.9bn which we believe is achievable not withstanding potential new wins from government infrastructure projects (Penang LRT and airport expansion and Johor ART) and new data centres.
Reiterate Add; we raise FY24F-FY26F EPS and TP:
We raise our FY24F/FY25F/FY26F EPS by 6%/23%/8% as we adjust the revenue recognition of some key projects, such as Sedenak which is a fast-track project to be completed by 1Q26F. We lift our SOP-derived TP to RM5.46 as we lift our forecasts and assign a higher target P/E of 22x for construction (parity with Gamuda), which we think is justified in spite of its smaller orderbook given superior ROEs and more concentrated data centre exposure. We also highlight in Fig 3 that the re-rating for Suncon over the past 1 year has largely been driven by EPS upgrades, lending weight that a valuation re-rating is justified. We like Suncon for its strong execution track record and first-mover advantage in the data centre space, 3-year EPS CAGR of 23% over FY23-FY26F, and market-leading ROEs of 23-30% for FY24-FY26F.
1 week ago
Please hold tight-tight until the target price is achieved. Tomorrow (12 July 2024) still have more upside.
1 week ago
Not only SUNCON closed at all time high. Its mother share (SUNWAY) also closed at all time high at RM4.10. So is GAMUDA, with all time high closing of RM7.88 after touching a high of RM7.97. All these are due to Data Centres Craze. We have to help one and other by holding them tight-tight. The AI / Data Centre Craze still have legs to run.
1 week ago
Sunway Construction to Test RM5.00:
The construction index continues to perform strongly and is on an upward trend.
Among them, Sunway Construction (SUNCON, 5263, main board construction stock) closed at RM4.59 at the closing time, up 26.0 sen or 6.00% on the day.
Sunway Construction's daily chart shows no signs of retreat and continues to hit new highs, showing a steady upward trend.
Its daily relative strength index (RSI) indicator continues to rise and stands at 82.36.
It would move up to the resistance level of RM4.90-5.00.
1 week ago
KUALA LUMPUR (July 12): Hong Leong Investment Bank (HLIB) retained its 'overweight' call on the construction sector for the second half of the year (2H2024), anticipating the roll-out of big-ticket infrastructure contracts.
This should accelerate contract awards in 2H2024, potentially reaching over RM40 billion as per HLIB’s data compilation.
The house's top picks remain unchanged, namely Gamuda Bhd (KL:GAMUDA) with a 'buy' call and a target price (TP) of RM9.08 a share, and Sunway Construction Group Bhd (KL:SUNCON), with a 'buy' rating and a TP of RM5.60.
https://klse.i3investor.com/web/blog/detail/savemalaysia/2024-07-12-story-h-157020144-HLIB_upbeat_on_sizeable_roll_outs_in_2H_names_Gamuda_and_SunCon_as_favo
1 week ago
Yes, Suncon and Gamuda are construction gems with still lots of upside backed by strong fundamentals
1 week ago
Name
Last
High
Low
Chg.
Chg. %
Time
US 30
40,861.2 40,994.4 40,823.3 -93.3 -0.23%
04:03:42
US 500
5,629.5 5,666.6 5,626.5 -37.7 -0.67%
04:03:36
US Tech 100
20,169.4 20,394.0 20,148.1 -230.6 -1.13%
04:03:17
5 days ago
paktua late came..
just manage hrab rm4.96 right now
for 43 stage
huhu
tut tut
if more lower paktua will reload more
7 hours ago
Suprisingly SUNCON can drop below RM5 and Gamuda can drop below RM6. Let Suncon take some rest first and then test RM5 all over again.
2 hours ago
What factors that Joe Biden pulling out from the presidential election that can have such a big negative impact to KLSE. I bought back SUNCON 4.95/4.96.
2 hours ago
Suprisingly SUNCON can drop below RM5 and Gamuda can drop below RM8*. Let Suncon take some rest first and then test RM5 all over again.
Typo error RM8*, not RM6*.
1 hour ago
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troy88
wow, pump and dump?
2 weeks ago