WCT’s job wins exceed expectations
In the near term, WCT is hopeful of securing a building job within the Tun Razak Exchange area.
In the near term, WCT is hopeful of securing a building job within the Tun Razak Exchange area.
Moving forward, the focus is to ramp up local sales with launches in the group flagship townships.
SunCon was awarded a RM74.8 million subcontract from Ahmad Zaki Sdn Bhd for works at the Bukit Bintang City Centre.
More land-banking exercises are expected going forward.
RM140 million earnings contribution from the Battersea project.
Sunway Bhd has entered into a joint venture agreement with Huatland Development Sdn Bhd with a 55% stake to form a JV company.
The proposed acquisition of the property is expected to be completed by the fourth quarter of 2017.
Renewals of leases expiring in 2017 for both Mid Valley Megamall and The Gardens Mall are largely completed with a healthy reversion of a mid-single digit.
Key jobs eyed include the East Coast Rail Link (ECRL), MRT3, high-speed rail linking Kuala Lumpur to Singapore, and Pan Borneo Highway in Sabah.
The higher quantum of step down compared with dividend projections could further enhance valuation of the warrants.