Sunway Construction

[winston]

not vested

The more resilient contractor

DC pipeline is intact with higher pricing now;

FY26F RM6bn order target intact and we expect some DC awards in 2Q26F.

Managing the higher cost well – 50% of orderbook are cost past through.

We reiterate our Add call with a GGM-based TP of RM7.90.

Source: CGS

https://rfs.cgsi.com/api/download?file= ... 4F4061BA4C