RHB Research says the group’s jobs related to the sustainable energy segment make up about 7% (RM420mil) of its total order book.
KUALA LUMPUR: Sunway Construction Group Bhd
(SunCon) has secured a letter of acceptance to jointly develop Daiso’s global distribution centre (GDC) warehouse in Port Klang, Selangor, for RM595.38mil.
In a filing with Bursa Malaysia, SunCon said a 50:50 joint venture comprising its wholly-owned subsidiary, Sunway Construction Sdn Bhd (SCSB) and Kajima (Malaysia) Sdn Bhd had signed a letter of acceptance issued by Daiso Malaysia Group Sdn Bhd in respect of the proposed design and construction of the GDC.
“The project is for a period of 34.5 months and is expected to be completed by the second quarter of 2026,” it said.
SunCon added that the project is not expected to have any immediate material effect on its earnings per share, net assets per share and gearing of SunCon for the financial year ending Dec 31, 2023.
“However, barring any unforeseen circumstances, the project is expected to contribute positively to the earnings of SunCon group for the financial year ending Dec 31, 2023 onwards.”
Meanwhile, in a separate announcement, SunCon announced that SCSB had accepted a letter of intent from K2 Strategic Infrastructure Malaysia Sdn Bhd in respect of a proposed development of a data centre in Johor, for RM190mil.
“The project is for a period of approximately 14 months and is expected to be completed in phases with the final phase to be completed by the fourth quarter of 2024.
“Total new projects secured by SunCon group this year amounted to RM2.2bil,” it said.
