Stock Name: SUNWAY
Company Name: SUNWAY HOLDINGS BHD
Research House: OSK
Company Name: SUNWAY HOLDINGS BHD
Research House: OSK
Sunway Holdings Bhd announced it was awarded a RM74.1 million contract from Malaysian Bio-XCell SB. The EPCC contract is to construct the central utilities facility at Biotechnological Park BioXCell, Nusajaya in Iskandar Malaysia.
It is scheduled for completion by 25 May 2012. Given that the company’s year to date job wins are still within OSK's replenishment target, OSK left its estimates unchanged.
OSK target price continues to be based on the implied Sunway-SunCity merger price of RM2.60, which translates into an FY2011-2012 price earnings ratio of 9.3 times and 8.2 times. Based on the last close, there is an 18.2 per cent share price upside to OSK's target price. - Reuters
It is scheduled for completion by 25 May 2012. Given that the company’s year to date job wins are still within OSK's replenishment target, OSK left its estimates unchanged.
OSK target price continues to be based on the implied Sunway-SunCity merger price of RM2.60, which translates into an FY2011-2012 price earnings ratio of 9.3 times and 8.2 times. Based on the last close, there is an 18.2 per cent share price upside to OSK's target price. - Reuters
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