PETALING JAYA: Analysts have raised their earnings projections for Sunway Bhd
as the group, which is one of Malaysia’s largest conglomerates, enters financial year 2021 (FY21) with a bigger sales target and new property launch plans.
TA Securities Research said it has revised its FY21 and FY22 earnings forecasts higher by 1.6% and 2.8%, respectively, to reflect the change in property sales assumptions.
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