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.
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