Key Indices
Top Stories
Company Update | Sunway Construction Group (SCGB MK/BUY/RM7.57/Target: RM8.44)
- Suncon’s rosy prospects for 2026-28 are backed by a robust orderbook. Earnings are on track to chart good growth throughout 2026-28, mainly backed by strong DC tender pipelines and internal project flows. The group’s lush prospective yield of over 5% in 2026-28 and palatable valuations are also well supported by multi-year earnings visibility and a healthy balance sheet. We upgrade Suncon to BUY with an unchanged target price of RM8.44, following the recent share price correction.
Market Spotlight
- The FBMKLCI came under selling pressure and dropped 7.07pt to close at 1,676.43 yesterday.
- US stocks were lower after the close on Wednesday, as losses in the utilities, consumer services and technology sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Oppstar | OPPSTAR MK
- Trading Buy Range: RM0.69-0.70
QES Group | QES MK
- Trading Buy Range: RM0.58-0.59
SCGM | SCGM MK
- Trading Buy Range: RM0.34-0.345
Top Stories
Company Update | Sunway Construction Group (SCGB MK/BUY/RM7.57/Target: RM8.44)
- Suncon’s rosy prospects for 2026-28 are backed by a robust orderbook. Earnings are on track to chart good growth throughout 2026-28, mainly backed by strong DC tender pipelines and internal project flows. The group’s lush prospective yield of over 5% in 2026-28 and palatable valuations are also well supported by multi-year earnings visibility and a healthy balance sheet. We upgrade Suncon to BUY with an unchanged target price of RM8.44, following the recent share price correction.
Market Spotlight
- The FBMKLCI came under selling pressure and dropped 7.07pt to close at 1,676.43 yesterday.
- US stocks were lower after the close on Wednesday, as losses in the utilities, consumer services and technology sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Oppstar | OPPSTAR MK
- Trading Buy Range: RM0.69-0.70
QES Group | QES MK
- Trading Buy Range: RM0.58-0.59
SCGM | SCGM MK
- Trading Buy Range: RM0.34-0.345
Key Indices
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