External broker reports(aggregated public sources), Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad operates as an investment banking company. The Company provides debt and equity funding, private debt securities issuance, merger and acquisitions, initial public offerings, corporate restructuring, and stockbroking services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Sunway Construction Group Bh / Equity Bottom-Up

<ul><li>SunCon’s 1HFY23 performance was slightly disappointing on the back of slow progress of its key data centre project.</li><li>However, delays are temporary and better than feared. CGPP win and track record in LSS4 could position SunCon to benefit from the NETR.</li><li>Contract flows could pick-up given various award decisions due. Precast is on track for strong performance in FY23 and looks set for growth in FY24-25. </li></ul><p><em>Maintain BUY with marginally higher TP of RM2.10 postminor tweaks in earnings.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’s 1HFY23 performance was slightly disappointing on the back of slow progress of its key data centre project.However, delays are temporary and better than feared. CGPP win and track record in LSS4 could position SunCon to benefit from the NETR.Contract flows could pick-up given various award decisions due. Precast is on track for strong performance in FY23 and looks set for growth in FY24-25. Maintain BUY with marginally higher TP of RM2.10 postminor tweaks in earnings.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.

Sunway Construction Group - Pipeline Looking Good