KUALA LUMPUR: AmInvestment Bank research has maintained its buy call on Sunway Bhd
with an unchanged fair value of RM1.99 following its proposal to acquire the entire equity interest in Sterling Paradise Sdn Bhd for RM15mil.
The research house is positive on the development as it will help to sustain Sunway's property earnings over the medium term. "However, we made no changes to our FY19–21 earnings forecasts as the project is still in the planning stage," it said.
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