Equity Analysis /
Malaysia

MY : Sunway Bhd - Recovery numbers flow through 9MFY21

    Sharizan Rosely
    Sharizan Rosely

    Construction and Infrastructure

    CGS-CIMB
    26 November 2021
    Published by

    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.