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SunCon Hands Subcontract Work For Data Centre To JV Unit
Sunway Construction has provided more information in relation to the group's announcement back in March over the Project Services Request with a multinational technology corporation headquartered in the United States on the prospects of the construction and completion of a Data Center. With the contract value of RM747.8 million, the SunCon board has now informed [...]
MY Morning Wrap | Sunway Construction's Subsidiary Lands RM418 Million Sub-Contract for Data Centre M&E Works
Stocks to watch: SunCon, Genting Plantations, MCE and CIMB.
SunCon Unit Awarded RM418 Mil Sub-contract in Selangor Data Centre Project
Sunway Construction Group Bhd (KL:SUNCON), which in March won a RM747.8 million contract from a US-based multinational technology corporation for the construction of a data centre in Selangor, on Friday announced the award of a sub-contract relating to the project worth RM417.8 million.
Gamuda Hits Record High: Analysts Optimistic About Malaysia's Construction Sector
Gamuda announced the securing of an AUD 1.6 billion (MYR 5 billion) contract on Thursday. The stock price has risen by more than 80% since the beginning of the year. Analysts are optimistic about Gamuda's performance and predict that the prospects of Malaysia's construction industry will further improve in the second half of 2024.
SunCon Poised For 3-Year Earnings CAGR Of 24%
Sunway Construction has demonstrated strong performance with a significant rise in its target price to MYR6.29, driven by expanding data centre (DC) contracts and increasing industrial project wins. The company has been involved in high-value industrial projects, including warehouses and semiconductor facilities, contributing to an estimated annual job win of MYR4 billion and a projected [...]
Bursa Malaysia KLCI Index Soars to Three-Year Peak, What's Next?
Among these constituent stocks, the top 10 performers have seen gains of over 19% this year, with Sunway leading the way with a 100% increase, followed closely by YTL Group with a gain of over 90%. In terms of sector performance, the construction sector is leading the way.
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