HLIB Research made no changes to its earning estimates.
PETALING JAYA: Sunway Bhd
is expected to gain around RM40.4mil in annual earnings from its latest joint venture (JV) development project with Sing Holdings Ltd in Singapore, following its successful bid for the government land sale site at Chuan Grove in Singapore.
The JV between Sunway and Sing Holdings had emerged as the top bidder for the government land sale tender for the development of a residential site at Chuan Grove, Singapore, with an offer of S$703.6mil, representing a 7.3% premium over the second-highest bid.
