SunCon holding up for better catalysts

UOBKH Research said SunCon’s current order book stands at RM7.9bil, following year-to-date job wins of RM3.3bil.

PETALING JAYA: The “risk-reward” profile of Sunway Construction Group Bhd (SunCon) appears less appealing at this juncture given the stock’s stretched valuations.

This is because, according to UOB Kay Hian (UOBKH) Research, SunCon’s earnings growth that is supercharged by its robust order book replenishment has been fairly reflected in the stock’s rally over the past seven months.