KUALA LUMPUR: Affin Hwang Capital research has reiterated its buy rating on Sunway Bhd and target price of RM2.05 on the back of an improved performance in 3Q19, which came within expectations.
For the nine months to end-September 2019, Sunway's net profit rose 22% year-on-year (y-o-y) to RM566mil, bolstered by a lower effective tax rate of 5.7% over the period.
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