Sunway’s unbilled sales improving

“We continue to like Sunway for its diversified earnings base, with the resiliency of its real estate investment trust and healthcare businesses providing stability to counter the cyclical nature of the property development and construction segments over the longer term," said Kenanga research.

PETALING JAYA: Despite lower earnings, the outlook still looks bright for Sunway Bhd, premised on the group’s improving unbilled sales and robust outstanding order book.

With unbilled property sales of RM2.6bil and a construction orderbook of RM5.4bil as of end-March 2020, earnings visibility remains intact, said Kenanga Research in a report yesterday.