External broker reports(aggregated public sources), Kenanga Investment Bank Bhd

Kenanga Investment Bank Bhd

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. 

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External broker reports(aggregated public sources)

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Sunway Construction Group Bh / Equity Bottom-Up

<ul><li>SUNCON has bagged a RM253m contract to refurbish Sunway Carnival Mall in Penang, boosting its YTD job wins to RM1.5b, on track to meet our FY23F assumption of RM2.2b.</li><li>We maintain our forecasts, TP of RM2.13 and OUTPERFORM call. SUNCON has been awarded a refurbishment contract worth RM253m for Sunway Carnival Mall.</li><li>Awarded by SUNREIT (OP; TP: RM1.93), it comprises a 4-storey shopping complex and a 1-storey cultural/commercial centre with 1-storey basement in Seberang Jaya, Penang. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SUNCON has bagged a RM253m contract to refurbish Sunway Carnival Mall in Penang, boosting its YTD job wins to RM1.5b, on track to meet our FY23F assumption of RM2.2b.We maintain our forecasts, TP of RM2.13 and OUTPERFORM call. SUNCON has been awarded a refurbishment contract worth RM253m for Sunway Carnival Mall.Awarded by SUNREIT (OP; TP: RM1.93), it comprises a 4-storey shopping complex and a 1-storey cultural/commercial centre with 1-storey basement in Seberang Jaya, Penang. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company Update - Sunway Construction Group - 3 July 2023