Sunway’s outlook bright on healthcare, construction

Sunway continues to expand its footprint in Johor.

PETALING JAYA: Despite downside risks, the prospects for Sunway Bhd are bright in the near term, thanks to its healthcare and construction businesses.

CGS-CIMB Research said Sunway Healthcare Group (SHG) has fast-growing potential on a two-year revenue and earnings before interest, tax, depreciation and amortisation (Ebitda) compounded annual growth rate (CAGR) of 34%-38% over financial year 2021 (FY21) to FY23 and pipeline of new hospitals.