Second project in FY12/10. Sunway has been awarded by KLCC Holdings a RM88m contract for the construction of Impiana KLCC (Phase 2), comprising a 3-storey car park podium and a 22-storey tower block. This is the second job Sunway has secured in FY12/10, boosting its outstanding construction orderbook by 4% to RM2.2bn (see Table 2). Assuming an EBIT margin of 5-7%, the latest contract will fetch a total EBIT of RM4.4-6.2m over the construction period of 19 months ending 2 Nov 2011. We are positive on the latest development.
Sunway Holdings Berhad : Secures RM88m KLCC Building Job - 02/04/2010
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