9MFY21 results were in line; core net profit of RM230m grew 19.7% yoy. Stronger property billings and substantial rise in healthcare earnings were key drivers. Property investment booked sequentially lower pretax losses. Retain Hold with lower TP, based on an unchanged 20% discount to RNAV.

Equity Analysis /
MalaysiaMY : Sunway Bhd - Recovery numbers flow through 9MFY21
Sharizan Rosely
Construction and Infrastructure @ CGS-CIMB
26 November 2021

26 November 2021
Published by