Latest news with #SunwayConstructionGroupBerhad
The Star
2 days ago
- Business
- The Star
Trading ideas: SunCon, Vestland, PeterLabs, TWL, UEM Edgenta, IJM, Genting, Carlsberg, KPJ, QL, Farm Fresh, IHH, LHI
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Sunway Construction Group Berhad has secured two work orders valued at RM1.2bn to undertake general contractor services for two data centre projects awarded by a US-based technology company. Vestland Bhd has accepted a letter of award from Mercu Majuniaga Sdn Bhd for construction work to a 51-storey serviced apartment at Lorong Raja Uda 2, Kuala Lumpur, worth RM156.9mn. Peterlabs Holdings Bhd has filed a lawsuit against its non-independent non-executive director Datin Lin Ching Yein and substantial shareholder Bu Yaw Seng, amid an intensifying boardroom tussle, to block their bid to call for an extraordinary general meeting. TWL Holdings Bhd 's unit, TWL Avenue (Kapar) Sdn Bhd, has secured RM67.6mn in credit facilities from Alliance Bank Malaysia Bhd for its affordable housing project in Kapar, Selangor. UEM Edgenta Bhd has secured an order book worth RM1.1bn in 1QFY25, bringing the company's cumulative order book to RM9.3bn as at FY25. For 4QFY25, IJM Corp Bhd 's net profit dipped to RM129mn from RM305.5mn in the previous corresponding period, while revenue rose to RM1.79bn from RM1.76bn a year earlier. Genting Bhd net profit shrank to only RM4.6mn for 1QFY25 from RM588.9mn a year ago due to lower quarterly revenue, which fell 12.4% to RM6.5bon from RM7.4bn in 1QFY24. Carlsberg Brewery Malaysia Bhd reported an 8.7% YoY lower revenue of RM662.8mn, impacted by the shorter Chinese New Year timing, but a 7.5% YoY higher net profit of RM94.5mn on for 1QFY25 KPJ Healthcare Bhd net profit fell 20% YoY to RM57.1mn, in 1QFY25, dragged by losses in its overseas operations, coupled with the absence of discontinued operations' contribution in Australia. In 4QFY25, QL Resources Bhd posted a lower net profit of RM93.9mn, bringing its full-year net profit to RM455.6mn. A slew of new products from ice cream to butter and lower input cost lifted Farm Fresh Bhd net profit to a new record high of RM27.7mn in 4QFY25, a 15% YoY increase. IHH Healthcare Bhd has recorded a drop in net profit to RM514mn in 1QFY25 from RM768mn in 1QFY24. In 1QFY25, Leong Hup International Bhd 's net profit jumped 80% to RM101.8mn against RM56.6mn in the year-ago quarter.
BusinessToday
3 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
Yahoo
5 days ago
- Business
- Yahoo
We Think Sunway Construction Group Berhad's (KLSE:SUNCON) Healthy Earnings Might Be Conservative
Sunway Construction Group Berhad (KLSE:SUNCON) announced a healthy earnings result recently, and the market rewarded it with a strong uplift in the stock price. According to our analysis of the report, the strong headline profit numbers are supported by strong earnings fundamentals. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. Sunway Construction Group Berhad has an accrual ratio of -1.37 for the year to March 2025. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. Indeed, in the last twelve months it reported free cash flow of RM1.3b, well over the RM230.2m it reported in profit. Notably, Sunway Construction Group Berhad had negative free cash flow last year, so the RM1.3b it produced this year was a welcome improvement. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Happily for shareholders, Sunway Construction Group Berhad produced plenty of free cash flow to back up its statutory profit numbers. Based on this observation, we consider it possible that Sunway Construction Group Berhad's statutory profit actually understates its earnings potential! Better yet, its EPS are growing strongly, which is nice to see. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. Ultimately, this article has formed an opinion based on historical data. However, it can also be great to think about what analysts are forecasting for the future. Luckily, you can check out what analysts are forecasting by clicking here. This note has only looked at a single factor that sheds light on the nature of Sunway Construction Group Berhad's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Sunway Construction Group Berhad Beat Revenue Forecasts By 32%: Here's What Analysts Are Forecasting Next
Sunway Construction Group Berhad (KLSE:SUNCON) just released its latest first-quarter results and things are looking bullish. Performance was better than the analysts expected, with revenues of RM1.4b coming in32% ahead of expectations, and statutory earnings per share (EPS) of RM0.059 exceeding forecasts by 14%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Taking into account the latest results, the most recent consensus for Sunway Construction Group Berhad from 16 analysts is for revenues of RM4.92b in 2025. If met, it would imply a decent 14% increase on its revenue over the past 12 months. Per-share earnings are expected to leap 31% to RM0.23. Before this earnings report, the analysts had been forecasting revenues of RM4.64b and earnings per share (EPS) of RM0.21 in 2025. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. View our latest analysis for Sunway Construction Group Berhad With these upgrades, we're not surprised to see that the analysts have lifted their price target 11% to RM5.44per share. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Sunway Construction Group Berhad at RM6.61 per share, while the most bearish prices it at RM3.30. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Sunway Construction Group Berhad'shistorical trends, as the 19% annualised revenue growth to the end of 2025 is roughly in line with the 19% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 13% per year. So although Sunway Construction Group Berhad is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry. The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Sunway Construction Group Berhad's earnings potential next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Sunway Construction Group Berhad analysts - going out to 2027, and you can see them free on our platform here. You can also see our analysis of Sunway Construction Group Berhad's Board and CEO remuneration and experience, and whether company insiders have been buying stock. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
We Like The Quality Of Sunway Construction Group Berhad's (KLSE:SUNCON) Earnings
Investors signalled that they were pleased with Sunway Construction Group Berhad's (KLSE:SUNCON) most recent earnings report. This reaction by the market reaction is understandable when looking at headline profits and we have found some further encouraging factors. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. The ratio shows us how much a company's profit exceeds its FCF. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Sunway Construction Group Berhad has an accrual ratio of -0.56 for the year to December 2024. Therefore, its statutory earnings were very significantly less than its free cashflow. In fact, it had free cash flow of RM707m in the last year, which was a lot more than its statutory profit of RM186.9m. Notably, Sunway Construction Group Berhad had negative free cash flow last year, so the RM707m it produced this year was a welcome improvement. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, Sunway Construction Group Berhad's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that Sunway Construction Group Berhad's statutory profit actually understates its earnings potential! And the EPS is up 66% annually, over the last three years. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Ultimately, this article has formed an opinion based on historical data. However, it can also be great to think about what analysts are forecasting for the future. So feel free to check out our free graph representing analyst forecasts. Today we've zoomed in on a single data point to better understand the nature of Sunway Construction Group Berhad's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
