Better outlook for SunCon on workforce capacity

Maybank IB Research also estimated that about 70% of SunCon’s outstanding order book comprises projects located in the Klang Valley, now under NRP phase one.

PETALING JAYA: Sunway Construction Group Bhd’s (SunCon) earnings outlook should improve on higher workforce capacity, after the government’s announcement regarding the re-opening of selected economic sectors on Sunday, according to Maybank Investment Bank (IB) Research.

The research house pointed out that 99% of the group’s workforce has received first-dose vaccinations and they should be fully inoculated by end-August, while its sub-contractors have also achieved high workforce vaccination rate.