Track record: File picture showing passengers boarding a bus at a BRT Sunway station. Maybank IB said Suncon stands a good chance of securing sizeable contracts due to its solid track record in major projects such as the Sunway BRT, MRT 1 and MRT 2 projects.
PETALING JAYA: Sunway Construction Group Bhd
(SunCon) stands to secure up to RM5.6bil worth of new jobs this year, says Maybank IB Research.
The research house, which has maintained its “buy” recommendation for the stock with a higher target price of RM1.65, said that SunCon’s job replenishment prospect this year remains robust with potential job wins from railway, bus rapid transit (BRT), highways and building projects.
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