AmInvestment raises earnings outlook on Sunway

KUALA LUMPUR: AmInvestment Bank Research has raised its earnings assumptions on Sunway Bhd due to higher progress billing assumptions following an increase in the group's FY21 sales target.

Sunway announced yesterday that the sales target for the current financial year was raised 38% to RM2.2bil as the earlier target of RM1.6bil had already been in hit in the first half of the year.