SunCon set to gain from sustainable energy segment

RHB Research says the group’s jobs related to the sustainable energy segment make up about 7% (RM420mil) of its total order book.

PETALING JAYA: The ramp-up in progress of existing projects as well as new job wins driven by new opportunities in the sustainable energy segment is expected to support Sunway Construction Group Bhd’s (SunCon) earnings growth, going forward.

RHB Research expects the construction company’s second-quarter 2023 (2Q23) core earnings to grow in the range of RM30mil to RM40mil from RM26mil in 1Q23, underpinned by the ramp-up in progress of projects that were in their early stages during 1Q23.