Sunway’s profile to rise with inclusion in indices

HLIB Research said the group’s Iskandar Puteri township development, as well as its healthcare segment, will be the main pillars anchoring growth for the group in the next few years.

PETALING JAYA: Given the improving liquidity for its stock, Sunway Bhd is expected to be re-included to the FTSE4Good Bursa Malaysia Index and the FTSE4Good Bursa Malaysia Shariah Index, with the earliest possible inclusion being December 2023.

According to Hong Leong Investment Bank (HLIB) Research, the inclusion will help enhance the stock’s “investability” especially for foreign investors and environmental, social and governance index tracking as well as thematic funds.