EcoWorld’s FY19 outlook expected to remain stable
AmInvestment Bank: Maintain hold with an unchanged fair value of RM1.13.
UEM Sunrise seen to be on track to meet annual sales target
AmInvestment Bank: Upgrade to buy with an unchanged fair value of RM1.
Order backlogs likely to keep Sunway Construction busy over next two years
AmInvestment Bank: Maintain underweight with a fair value of RM1.27
Gamuda’s property profit contribution seen to rise
Gamuda property division’s performance has been relatively “defensive” given its geographical diversification.
SunCon should be able to compete under open bidding system
AmInvestment Bank: We believe SunCon is mitigated by its substantial order backlog that should keep it busy over the next one to two years.
Steady recurring income expansion expected for Dialog
AmInvestment Bank: Maintain buy with an unchanged fair value of RM3.90.
Outlook for MRCB expected to remain stable
MRCB’s long overdue concerns over the light rail transit Line 3 (LRT3) continuation and EDL compensation have now been resolved with a clearer picture.
Gamuda’s working ties with govt seem to have ‘normalised’
AmInvestment Bank: The greatest comfort we have derived from the latest episode — the reinstatement of MMC-Gamuda as the tunnelling contractor for MRT2 — is the fact that Gamuda’s working relationship with the government seems to have “normalised”.
Serba Dinamik’s Laos investment seen as positive
Serba Dinamik has entered into a share sale and purchase agreement to acquire a 49% equity stake in a 30 megawatt (mw) hydropower concession in Laos called OHP Ventures Inc for US$800,000 (RM3.32 million).
Property development seen driving Sunway’s growth
Sunway Construction Group Bhd’s outstanding order book now stands at RM5.6 billion, indicating stable income for the construction division over the next one to two years.
