Affin Hwang mantains Buy on SunCon, raises TP to RM2.25


SunCon hopes to secure one more job from Myanmar this year after having secured orderbook replenishment worth RM1.5bil from several new contracts since the start of the year.

KUALA LUMPUR: Affin Hwang Capital research revised its earnings forecast for Sunway Construction Bhd on the back of delays to its construction earnings recognition and a disappointing 1H19 result.

For FY19, the research house cut core EPS by 7% but raised FY20 and FY21 core EPS by 2% each.

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