Sunway Construction News Today

KUALA LUMPUR: Sunway Construction Group Bhd’s (SunCon) net profit rose to RM145.11 million in the financial year ended Dec 31, 2023 (FY2023) from RM135.18 million in FY2022 on better performance in its precast segment.

KUALA LUMPUR: The FBM KLCI climbed at midday ahead of US inflation data and quarterly economic growth data due later this week.

Japanese household supplier Daiso has reportedly unveiled plans to invest RM1 billion to build its largest global distribution centre (GDC) in Malaysia next year. Specifically, it will be at Port Klang in Selangor, as reported by Bernama.

KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) has secured a letter of acceptance to jointly develop Daiso’s global distribution centre (GDC) warehouse in Port Klang, Selangor, for RM595.38mil.

Vietnam and Malaysia have confirmed a fresh cooperation framework for new sectors as part of their ongoing drive to expand bilateral trade.

The new facility will enable more precast building components to be made locally. Read more at straitstimes.com.

Construction activities are picking up steam with several major jobs up for grabs and their spillover effect will benefit the sector and players.

PETALING JAYA: Sunway Construction Group Bhd (SunCon) has accepted a letter of award worth RM253mil from Sunway REIT Management Sdn Bhd for the refurbishment of a shopping complex and cultural/commercial centre in Seberang Perai Tengah, Penang.

PETALING JAYA: Sunway Construction Group Bhd (SunCon) expects the construction sector in Malaysia to maintain its recovery momentum on the back of new and ongoing mega infrastructure projects.

KUALA LUMPUR: Stocks with recent corporate news flow include Gamuda, Yinson, Sunway Construction, Eco World Development, Chin Hin Group Property, Straits Energy Resources, Ta Win and Pasukhas, said Apex Research.