$SUNWAY (5211.MY)$ Performance profits hit a new high, but the stock price seems to have already taken the lead... It seems like everyone in the recent market is quite savvy. 😅
As a diversified group, Sunway Berhad covers various sectors including real estate development, construction, medical, hotels, and quarrying. It has shown strong growth in multiple sectors, especially in real estate development and construction.
Real estate development is one of Sunway's core revenue sources, with a 60.1% revenue growth reported in this financial statement, mainly due to progress in the Singapore projects and sales of local projects in Malaysia. This sector is like a cash cow for the company, stable and solid.
The construction business, operated through its subsidiary SunCon, has performed remarkably well with a 44% revenue growth. Particularly, the accelerated progress in datacenter projects, which are high-demand infrastructure, will continue to be a revenue backbone. This financial statement was released last week...
The medical sector contributed 63 million ringgit in net income this quarter, an increase of 41.8%. The increase in bed occupancy rates and the expansion of medical services have shown me the potential of Sunway in the medical field, and I am looking forward to its medical sector IPO in about 1-2 years.
Although the revenue of the quarrying and manufacturing business has declined by 5.5%, the profit still increased by 22.7% through cost optimization. This shows that Sunway's management efficiency is good, being able to maintain profitability even under challenges...

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$TOPMIX (0302.MY)$
2024-11-25
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