Latest news with #SunwayConstruction
BusinessToday
6 days ago
- Business
- BusinessToday
SunCon Secures RM1.15 Billion Data Centre Contracts From US Multinational
Sunway Construction Group Berhad announce that its wholly-owned subsidiary has accepted Works Orders from a multinational technology company headquartered in the United States for the provision of General Contractor works for two data centre projects totaling RM1.155 billion. The Group expects these projects to contribute positively to the Group's earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has secured RM3.5 billion worth of new orders to date, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion to RM6.0 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Related
New Straits Times
6 days ago
- Business
- New Straits Times
Sunway Construction lands RM1.15bil data centre jobs for big US firm
KUALA LUMPUR: Sunway Construction Group Bhd's subsidiary Sunway Construction Sdn Bhd has been hired by a big US-based technology company to build two data centres totaling RM1.15 billion. Sunway Construction, in a statement, said the projects are expected to contribute to its earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has so far secured RM3.5 billion of new orders, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion-RM6 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Sunway Construction group managing director Liew Kok Wing said the new projects expand its order book for the year and fortify earnings visibility over the next two years. "Our strong performance in the first quarter of 2025 reflects the sustained momentum across our operations. "We are confident that this positive momentum will continue in the current financial year, underpinned by accelerated progress on data centre projects and a robust outstanding order book, including newly-secured projects," he added.
The Star
21-05-2025
- Business
- The Star
Mild bounce on Bursa Malaysia amid subdued trading
KUALA LUMPUR: Malaysia's benchmark index pulled up at the start of Wednesday trading after four consecutive days of profit-taking, although the consolidation phase is expected to continue over the near term. The FBM KLCI rose 4.07 points to 1,552.95, returning above the psychological 1,550 level amid a cautious market undertone. Rakuten Trade said there has been an absence of investor participation given the lack of catalysts, especially from the retail portion "As we do not expect the market to stage a trend reversal anytime soon, we believe the index to hover within the 1,545-1,555 range today," it said in a note. On developments in tariffs negotiations, TA Securities said investors are expected to remain sidelined while they monitor ongoing US trade discussions with India and Japan this week. It said this would lead to insights into future negotiations with other trade partners in the region. "Immediate resistance stays at 1,610, with next major resistance seen at 1,644 followed by the August 2024 high of 1,684. Immediate support is kept at 1,526, with 1,490 and 1,444 acting as stronger supports," it said in its market commentary. Following its earnings announcement yesterday, Sunway Construction jumped 25 sen to RM5.13. Hume Industries rose 15 sen to RM3 and Time dotCom gained six sen to RM5.27. KLCI-heavyweight Hong Leong Bank gained 12 sen to RM20.02, QL Resources rose seven sen to RM4.66 and IOI climbed seven sen to RM3.69. Top actives in early trading were Harvest Miracle unchanged at 18 sen, Sarawak Cable down 4.5 sen to 3.5 sen and Alam Maritim gaining 0.5 sen to 3.5 sen.
