In March 2011, Sunway Holdings was awarded two contracts worth RM332 million. The contracts are RM74.1 million construction of central utilities facility at Biotechnological Park BioXCell and RM258m job for the construction of the Legoland Theme Park. Both contracts are located in Iskandar, Johor.
Another interesting news is regarding the merger between Sunway Holdings and Sunway City. The EGM to vote on the merger is expected to be held sometime in April. If the proposal goes through, the merged entity should be listed in July or August 2011.
Many research houses are calling “buy” for Sunway Holdings. The table below are the target price for Sunway from various research house. The last traded price was RM2.19.
| Research House | Target Price (RM) |
|---|---|
| ECMLibra | 2.60 |
| HwangDBS | 2.60 |
| Maybank | 2.60 |
| OSK Research | 2.60 |
Would you buy Sunway Holdings shares?
If you have fair price or target price from another research house kindly leave in the comment section.