KLSE:SUNCON

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Sunway Construction Unit Bags MYR1 Billion Data Center Works Deal

Sunway Construction Group (KLSE:SUNCON) unit Sunway Construction secured a 1.02 billion ringgit contract from a U.S.-headquartered multinational technology company to carry out mechanical, electrical and plumbing fit-out works for a data center in Johor, Malaysia.The contract takes effect immediately, with the works scheduled for completion by the fourth quarter of 2027, according to a Monday Malaysian bourse filing.The company expects the project to contribute positively to the group's earnings from the financial year ending Dec. 31.

KLSE:SUNCON

Asia112d ago

TA Securities Downgrades Sunway Construction Group to Hold from Buy; Price Target is MYR7.28

Sunway Construction Group (KLSE:SUNCON) has an average rating of buy and mean price target of 7.46 ringgit, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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