SunCon prospects to stay strong

TheStar Thu, May 23, 2024 12:00am - 3 weeks View Original


Kenanga Research said SunCon stands to benefit from the vibrant private sector construction market.

PETALING JAYA: Sunway Construction Group Bhd’s (SunCon) prospects are expected to remain strong, on the back of a record order backlog and the rollout of mega public infrastructure projects locally.

Kenanga Research said: “We like SunCon for its strong job prospects for the sector as a whole, with the imminent rollout of key public infrastructure projects.”

It also favours the construction outfit for its strong earnings visibility, underpinned by its RM6.3bil outstanding order book and recurring jobs from parent and sister companies, as well as its extensive capabilities and track record in building, infrastructure, solar, mechanical, electrical and plumbing works.

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