SUNWAY (5211) : Affin Hwang Research upgrades Sunway to Buy
KUALA LUMPUR: Affin Hwang Research has upgraded Sunway to a Buy on share price weakness with a target price of RM3.60.
In a note on Wednesday, the research house said Sunway's nine months 2014 core earnings came within the research house's and street estimates.
The growth in earnings was driven by higher contribution from property segment, construction and others.
"However, this was mitigated by lower contribution from trading segment. No dividend was declared during the quarter," it said.
Meanwhile, its total construction order book replenishment stood at RM881mil as at end-Oct 2014, bringing the total order books to RM3.3bil.
http://www.thestar.com.my
KUALA LUMPUR: Affin Hwang Research has upgraded Sunway to a Buy on share price weakness with a target price of RM3.60.
In a note on Wednesday, the research house said Sunway's nine months 2014 core earnings came within the research house's and street estimates.
The growth in earnings was driven by higher contribution from property segment, construction and others.
"However, this was mitigated by lower contribution from trading segment. No dividend was declared during the quarter," it said.
Meanwhile, its total construction order book replenishment stood at RM881mil as at end-Oct 2014, bringing the total order books to RM3.3bil.
http://www.thestar.com.my
