PETALING JAYA: Sunway Construction Group Bhd
(SunCon) could potentially see an earnings accretion of about 5% for the financial year ending Dec 31, 2024 (FY24) from works related to the 2.12 gigawatt (GW) Song Hau 2 thermal power plant (SH2P) project in Vietnam.
This estimate by RHB Research is based on assumptions that the project comes with a targeted duration of 57 months and a profit-after-tax margin of 7%, and if the financial close could be obtained by the end of this month.
