♦ Another contract. Sunway has secured a RM69.9m contract from Putrajaya Holdings for roadworks, drainage, utilities, landscaping works and engineering, procurement, construction & commissioning (EPCC) of chilled water storage tank, plant building and other associated works for the Gas District Cooling Plant 4 in Putrajaya. The latest contract has boosted Sunway’s YTD new contracts secured to RM607m (see Table 2) and its outstanding construction orderbook by 3.5% to RM2.1bn (see Table 3).
Assuming an EBIT margin of 7-8%, the contract will fetch a total EBIT of RM4.9-5.6m over the construction period ending Nov 2011 – Feb 2012. We are positive on the latest development.
Sunway Holdings Berhad : Secures A RM70m Putrajaya Infrastructure Contract - 02/09/2010
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