SunCon front runner for mega jobs

足球博彩分析www.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩分析上登录线路最新、新2皇冠网址更新最快,足球博彩分析开放皇冠会员注册、皇冠代理开户等业务。

KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) is compelling, according to analysts, who maintain that is it a front runner for mega construction jobs that will be announced soon.

According to Hong Leong Investment Bank Research (HLIB Research), SunCon is poised to benefit from the upcoming Mass Rapid Transit 3 (MRT3) contracts, sizeable factory and data centre projects and RM500mil worth of in-house jobs.

It said SunCon‘s latest outstanding order book stood at RM4.2bil, translating into a decent 2.5 times cover.

“Contract replenishment has lagged expectations with only RM536mil replenished so far.

“The only notable contract secured in the second quarter ended June 30, 2022 (2Q22) is the Light Rail Transit 3 subcontract works worth RM191mil,” the research house, which maintained its “buy” call on the stock, added.

It noted that the group was in the midst of tendering for sizeable factories and data centre jobs which were worth RM1bil to RM1.5bil individually.

“Elsewhere, SunCon has around RM500mil worth of in-house jobs that could also be converted into awards this year,” HLIB Research said.

It also said SunCon could likely be preserving its balance sheet space to bid for the MRT3 turnkey package.

,

菲律宾飞机群www.tel8.vip)是一个Telegram群组分享平台,菲律宾飞机群包括菲律宾飞机群、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容,菲律宾飞机群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

“If unsuccessful, the company would still be a strong subcon candidate.

“All in all, management is maintaining their order book replenishment target of RM2bil,” it added.

RHB Research in its note to clients said SunCon’s outstanding construction order book should support its earnings visibility well into financial year 2024 (FY24).

Also maintaining its “buy” call on the stock with a target price of RM1.93, RHB Research said the group’s first-half 2022 (1H22) core earnings met its and market’s expectations, accounting for 52% and 55% of its and the street’s full-year projections.

“Looking ahead, we reiterate SunCon as a front runner for the elevated works portion of MRT3, given its lean balance sheet to take up large projects.

“Aside from that, its listed parent company should continue to support earnings visibility,” it added.

In its report, Kenanga Research said it ascribed a construction price-to-earnings ratio of 16 times to SunCon – the upper range of contractors under its coverage, given its strong backing from parent Sunway Group and its dominant position within the local construction space.

It said the group had “extensive capabilities and track record” in building, infrastructure, solar as well as mechanical, electrical and plumbing works.

Kenanga Research said risks to its call included sustained weak flows of construction jobs from both the public and private sectors, project cost overruns and liabilities arising from liquidated ascertained damages and rising costs of building materials.

添加回复:

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。