Stock Name: SUNWAY
Company Name: SUNWAY HOLDINGS BHD
Research House: OSK
Company Name: SUNWAY HOLDINGS BHD
Research House: OSK
OSK says Sunway Holdings Bhd announced that it had won a RM258 million job for the construction of the Legoland Theme Park (Package 4) in Iskandar, Johor.
Including this recent award, Sunway has secured RM295.4 million worth of jobs year to date. Thus, OSK sees Sunway a buy with a target price if RM2.60.
This compares with its assumption of RM1billion for FY 2011 and management’s guidance for RM1-1.5 billion.
Other potential jobs are: the LRT Package B and subcontract for Package A, road networks in Sarawak under SCORE, and building-type jobs for the private sector. - Reuters
Including this recent award, Sunway has secured RM295.4 million worth of jobs year to date. Thus, OSK sees Sunway a buy with a target price if RM2.60.
This compares with its assumption of RM1billion for FY 2011 and management’s guidance for RM1-1.5 billion.
Other potential jobs are: the LRT Package B and subcontract for Package A, road networks in Sarawak under SCORE, and building-type jobs for the private sector. - Reuters
No comments:
Post a Comment