SunCon poised to surpass RM8 billion contract wins, says HLIB
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) is likely to win more than RM8 billion in new contracts for financial year 2026 (FY26), with year-to-date wins already totalling RM6.9 billion, said Hong Leong Investment Bank Bhd (HLIB).
Sunway Construction Group Bhd, also known as SunCon, is reportedly on track to secure contracts exceeding RM8 billion for the financial year 2026 (FY26), according to Hong Leong Investment Bank Bhd (HLIB). As of June 2026, SunCon's unbilled order book has reached a record RM10.5 billion, nearly double its FY25 revenue. The research house anticipates that SunCon could benefit from its parent company, Sunway Bhd's project pipeline, including rapid transit system works and Seremban hospital works.
HLIB maintains a Buy rating on SunCon's stock, with an unchanged target price of RM9.10, citing the company's strong position in the data centre theme, robust execution capabilities, and an attractive dividend yield of six percent.
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