Bursa Alert
Global Market
NewsStocks With Momentum: Sunway
Page 1 of 1
Stocks With Momentum: Sunway
by Cals Wed 05 Nov 2014, 21:09
Stocks With Momentum: Sunway
Sunway Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
Sunway recently announced its intention to list its construction arm by 2Q15, and is poised to benefit from the country’s major infrastructure spending. The company plans to distribute part of the listing proceeds in the form of a special dividend, estimated to be about 25-30 sen per share.
Sunway is one of Malaysia’s largest property and construction companies, and has a solid track record. It has a total land bank of 3,376 acres with potential GDV of RM50 billion. It has a land bank of over 1,800 acres in Iskandar Johor, where it is poised to replicate its successful Sunway Resort City concept with a RM30 billion project.
The stock is trading at a trailing 12-month P/E ratio of 3.9 times and just 1.08 times book. Excluding revaluation gains, its normalised P/E is 11.8 times. Dividend per share was 10 sen in 2013, translating into a yield of 2.9%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 5, 2014.
Sunway Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
Sunway recently announced its intention to list its construction arm by 2Q15, and is poised to benefit from the country’s major infrastructure spending. The company plans to distribute part of the listing proceeds in the form of a special dividend, estimated to be about 25-30 sen per share.
Sunway is one of Malaysia’s largest property and construction companies, and has a solid track record. It has a total land bank of 3,376 acres with potential GDV of RM50 billion. It has a land bank of over 1,800 acres in Iskandar Johor, where it is poised to replicate its successful Sunway Resort City concept with a RM30 billion project.
The stock is trading at a trailing 12-month P/E ratio of 3.9 times and just 1.08 times book. Excluding revaluation gains, its normalised P/E is 11.8 times. Dividend per share was 10 sen in 2013, translating into a yield of 2.9%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 5, 2014.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Stocks With Momentum Insider Asia’s Stock Of The Day: Sunway Bhd
» Stocks With Momentum: GIC’s Sunway stake disposal ‘timely’
» Stocks With Momentum Tanco, Sunway, Pharmaniaga, KKB Engineering, Luster, Ideal United Bintang
» April 9th - Stocks To Watch Technology stocks, LPI, Hovid, C.Stationery, Sunway, Affin, Bina-Goodyr, Maybulk
» Stocks With Momentum Stocks With Momentum: Golden Land, Mulpha Land, Prolexus, Rexit, Gopeng, Xingquan, Abric, Kawan
» Stocks With Momentum: GIC’s Sunway stake disposal ‘timely’
» Stocks With Momentum Tanco, Sunway, Pharmaniaga, KKB Engineering, Luster, Ideal United Bintang
» April 9th - Stocks To Watch Technology stocks, LPI, Hovid, C.Stationery, Sunway, Affin, Bina-Goodyr, Maybulk
» Stocks With Momentum Stocks With Momentum: Golden Land, Mulpha Land, Prolexus, Rexit, Gopeng, Xingquan, Abric, Kawan
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|