Steady earnings flow for SunCon

On Dec 27, SunCon announced that it has received two letters of intent for the fourth cycle of large scale solar (LSS4) projects worth a cumulative RM385mil from Gopeng Bhd and Sharp Ventures Solar Sdn Bhd.The scope of works include engineering, procurement, construction and commissioning of solar photovoltaic, with a total capacity of 100MW.

PETALING JAYA: Sunway Construction Group Bhd’s (SunCon) latest job wins are expected to generate total net earnings of RM27.1mil throughout the construction period.

This is based on the assumption that the contracts offer a net margin of 4%, according to TA Securities Research.