Another contract. Sunway has secured a RM129m contract from private company PML Dairies Sdn Bhd for the construction of a dairy product factory in Klang, Selangor. The contract has boosted Sunway’s YTD new contracts secured to RM537m (see Table 2) and its outstanding construction orderbook by 6% to RM2.4bn (see Table 3). Assuming an EBIT margin of 5-7%, the contract will fetch a total EBIT of RM6.5-9.0m over the construction period of 12 months ending Jul 2011. We are positive on the development.
Sunway Holdings Bhd : Secures A RM129m Contract To Build A Dairy Factory In Klang - 29/6/2010
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