KUALA LUMPUR (July 17): CGSCIMB Research has a “Hold” rating on Sunway Bhd at RM1.68 with a target price of RM1.70 and said Sunway Bhd, via subsidiary Sunway Construction Group Bhd, could emerge as one of the potential contenders for the ECRL project.

In a note today, the research house said pending greater clarity on the tender structure, the group has said it could be keen on the subcontract civil works scope, including the station packages.

Click here for more property stories.

SHARE
SPONSORED CONTENT
FAR Capital makes ‘impossible’ rental returns, with data dispelling critics’ disbelief

Many observers look at the numbers FAR Capital Sdn Bhd have achieved and confidently declare that it is impossible for property buyers to cover their mortgage instalments with today’s unfavourable rental yields.

read more
RELATED POSTS
  1. Sunway-led JV wins RM6.74 bil Bayshore Drive mixed-use site in Singapore
  2. Sunway MCL consortium tops S$2.1 bil bid for Singapore Bayshore site
  3. Sunway-led consortium awarded S$750.6 mil River Valley Green site in Singapore