New launches set to boost UEM Sunrise earnings

UEM Sunrise chief executive officer Sufian Abdullah.

KUALA LUMPUR: UEM Sunrise Bhd is expected to see a pick-up in earnings in the second half of this year, supported by the launches of sizeable projects.

Hong Leong Investment Bank (HLIB) Research noted that potential launches for the remainder of the year include The MINH, Connaught One and the new phase of Kiara Bay, which collectively amount to RM2.37bil in gross development value.