A major boost to orderbook. Sunway's latest MYR1.17b win for the KVMRT
Sg Buloh-Kajang viaduct works will boost its outstanding order book by
41% to MYR4b, and enhance earnings visibility over the medium term. We
maintain our earnings forecasts for now having imputed job win potential
to the tune of MYR1.5b for this year. Our RNAV-based TP is unchanged at
MYR2.62. Maintain HOLD.
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Source: Maybank Research - 10 May 2012
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