SUNWAY CONSTRUCTION GROUP BERHAD

KLSE (MYR): SUNCON (5263)

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Last Price

4.42

Today's Change

+0.02 (0.45%)

Day's Change

4.40 - 4.43

Trading Volume

10,381,900


7 people like this.

2,185 comment(s). Last comment by troy88 5 days ago

klee

3,525 posts

Posted by klee > 2024-08-03 15:00 | Report Abuse

When pang say die,prepare to sapu.
When pang say mnrb will be like Lpi ,u lari kuat kuat la.

klee

3,525 posts

Posted by klee > 2024-08-03 15:01 | Report Abuse

Mnrb 2.10 vs Lpi 12.48
Look left look right also cant figure how to find similarity.lol

Whiteytey

17 posts

Posted by Whiteytey > 2024-08-03 16:13 | Report Abuse

The fate of construction related stocks might be similar to those glove counters….

Posted by shareinvestment7 > 2024-08-03 18:01 | Report Abuse

Absolutely non sense if compare construction companies with glove companies. They will only have same fate if and only there are massive entry of china construction players entering Malaysia market, tender for all the data center projects and semi conductor facilities. Or All the upcoming local mega infrastructure given to china construction players instead of Gamuda, IJM and Suncon. If you do not foresee all these happening, stop your illusion.

Icon 888

2,301 posts

Posted by Icon 888 > 2024-08-05 09:33 | Report Abuse

Run for ur life .. crisis

klee

3,525 posts

Posted by klee > 2024-08-05 09:42 | Report Abuse

collecting..

cheeseburger

2,873 posts

Posted by cheeseburger > 2024-08-05 10:05 | Report Abuse

Fear factor episode 2

klee

3,525 posts

Posted by klee > 2024-08-05 13:40 | Report Abuse

tmr collect another batch

ChloeTai

1,452 posts

Posted by ChloeTai > 2024-08-05 17:54 | Report Abuse

The first support at 4.15 broken. The next support is at 3.75. Today 5.8.24 closed at 3.90.

Bowmann

93 posts

Posted by Bowmann > 2024-08-05 19:30 | Report Abuse

Tmr 3.50 ?

Ellyn20

78 posts

Posted by Ellyn20 > 2024-08-05 22:33 | Report Abuse

Tomorrow 3.0

klee

3,525 posts

Posted by klee > 2024-08-06 11:26 | Report Abuse

adding..

Bowmann

93 posts

Posted by Bowmann > 2024-08-08 12:06 | Report Abuse

Sunway Construction Group Bhd is recovering from the a correction earlier in the week as it bounced off the 50-day simple moving average (SMA) to maintain a positive trend.

The share rose for a second straight day yesterday as it attempted to reach a resistance at RM4.70, en route to a historical trading peak of RM5.18.

The technical indicators are showing a recovery from oversold positions with the slow-stochastic rising to 29 points while the 14-day relative strength index (RSI) bounced off the oversold line to retrace to 48 points.

However, the daily moving average convergence and divergence (MACD) histogram shows falling momentum. A change in direction in the indicator would signal a return to buying interest.

Support for the stock is found at RM3.81 and RM3.30.

cheeseburger

2,873 posts

Posted by cheeseburger > 2024-08-09 09:35 | Report Abuse

if you dont know how to read MACD, dont pretend you are expert...the MACD is showing a recovery path and trend of crossing. Buy call sign

troy88

3,031 posts

Posted by troy88 > 2024-08-09 09:53 | Report Abuse

Fundamentals unchanged for 3 kings of construction Gamuda, Suncon, IJM

paperplane

21,664 posts

Posted by paperplane > 2024-08-09 14:59 | Report Abuse

weakholders selling during drop crying now thinking they are sor chai

gohkimhock

3,128 posts

Posted by gohkimhock > 2024-08-09 15:12 | Report Abuse

sometimes a temporary drop will present us with some very good opportunities to grab good stocks at discounted price. This opportunity dont come always. I always like Sunway group. They are one of the best managed conglomerate in Msia.

lyetc75

26 posts

Posted by lyetc75 > 2024-08-09 15:32 | Report Abuse

EPF collecting la!!!

Bowmann

93 posts

Posted by Bowmann > 2024-08-12 19:20 | Report Abuse

I followed EPF buying last Monday 😁

klee

3,525 posts

Posted by klee > 2024-08-13 12:23 | Report Abuse

sold

Bowmann

93 posts

Posted by Bowmann > 2024-08-21 20:46 | Report Abuse

Hold until it goes back up to RM5

Posted by stockpicker888 > 2024-08-23 23:51 | Report Abuse

Even RHB research admit they were “too optimistic “. Ahahahahaha

Ninja _07

546 posts

Posted by Ninja _07 > 2024-08-28 16:37 | Report Abuse

All Property counters down

HugoUPUPUP

111 posts

Posted by HugoUPUPUP > 2024-08-28 23:17 | Report Abuse

What happen to all property&contrustion stocks?

speakup

27,061 posts

Posted by speakup > 2024-08-29 13:13 | Report Abuse

Pmx undurlah
Everyday >600 kaunter red but CI green

Posted by stockpicker888 > 2 months ago | Report Abuse

No one asking why, when many construction and property stocks raised above +100%? And now drop just over 30%, many people start to ask?

Whatever goes up , must finally come down to its fair value, simple principle.

Ellyn20

78 posts

Posted by Ellyn20 > 2 months ago | Report Abuse

Profit taking is also a full time job, when the right time comes, u sell. Unlike us work 8-5 in the office and long term investor only

Bowmann

93 posts

Posted by Bowmann > 2 months ago | Report Abuse

To be fair, must ask. Why Suncon shoots up today ? 😆

Bowmann

93 posts

Posted by Bowmann > 2 months ago | Report Abuse

Investments in Malaysia up 18% to RM160 billion in first half of the year 😮

https://www.nst.com.my/business/economy/2024/09/1100782/pm-investments-malaysia-18pct-rm160b-first-half-year

ChloeTai

1,452 posts

Posted by ChloeTai > 2 months ago | Report Abuse

Good News this morning. Here are the key points:

Fed Cuts Rates: The Federal Reserve cut interest rates by half a percentage point, citing increased confidence in inflation moving towards 2%.

Economic Projections: Policymakers expect further rate cuts, with the benchmark rate falling to 2.75%-3% by 2026.

Market Reactions: US stocks gained, the US dollar fell, and Treasury yields dropped following the announcement.

Labour Market Concerns: The Fed’s decision reflects concerns about a potential slowdown in the job market, despite progress on inflation.

ChloeTai

1,452 posts

Posted by ChloeTai > 2 months ago | Report Abuse

The reduction of interest rate will benefit property, infrastructure, utility companies while lower interest rates can present challenges for banks.

ChloeTai

1,452 posts

Posted by ChloeTai > 2 months ago | Report Abuse

The real bull run is finally here in Bursa Malaysia for property and infrastructure companies as the import of building and construction materials becomes cheaper because of a weaker USD compared to RM.

ChloeTai

1,452 posts

Posted by ChloeTai > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/727236
Singapore stock market heading to 17-year high on US 0.5% rate cut.
KLSE property and construction companies will follow.

ChloeTai

1,452 posts

Posted by ChloeTai > 2 months ago | Report Abuse

SunCon all time high is RM5.18. Still got RM0.64 to catch up from RM4.54 closing price of today (19.09.2024).

troy88

3,031 posts

Posted by troy88 > 2 months ago | Report Abuse

Correction over. Watch the rally to new heights!

kancs3118

2,230 posts

Posted by kancs3118 > 2 months ago | Report Abuse

Congrats to all suncon shareholders... I made a mistake by betting on the wrong horse (IJM) - although making money but not as much - as compared to investing in SunCon.

minichart

23 posts

Posted by minichart > 2 months ago | Report Abuse

For FY24-26, Suncon’s revenue is expected to grow, fueled by strong demand for DC construction. The company’s EBITDA for FY24F is projected at RM304 million, increasing to RM498 million in FY25F. Net profit for FY25F is expected to reach RM322.6 million, a significant increase from RM190.9 million in FY24F.

https://www.minichart.com.sg/2024/09/24/sunway-construction-group-bhd-powering-growth-through-data-centers-and-diversification/

nayinvest

13 posts

Posted by nayinvest > 2 months ago | Report Abuse

SunCon is very much involved in DC construction in Cyberjaya. Completed one & now handling 2 more including for Amazon. It’s not from reading news but I see it myself.

HugoUPUPUP

111 posts

Posted by HugoUPUPUP > 2 months ago | Report Abuse

@kancs3118
Same with u bet on IJM😢

Bowmann

93 posts

Posted by Bowmann > 1 month ago | Report Abuse

Will Suncon break out 2morrow ? 😁

mf

29,208 posts

Posted by mf > 1 month ago | Report Abuse

WATCH: Israeli soldiers raise flag near Lebanon monument
Israeli soldiers have filmed themselves raising Israel’s national flag in the south Lebanon village of Labbouneh, near a monument marking the end of the 2006 war between Israel and Hezbollah.

A soldier fist-pumps the air and cheers as the flag is raised.

Watch the video below:

Posted by KelvinGoh123 > 1 month ago | Report Abuse

coming😁 Dear all any target price?

Michael Kwok

6,452 posts

Posted by Michael Kwok > 3 weeks ago | Report Abuse

Suncon 4.32
Downgrade lower rm 3.higher cost kick in as minimum salary rm 1700.ron 95 at rm 2.6 also kick in.
1/11/24 3.18pm

Posted by kelifish > 3 weeks ago | Report Abuse

walao, just awarded project also jatuh kaw?

Bowmann

93 posts

Posted by Bowmann > 3 weeks ago | Report Abuse

Temporary sell on good news only, kelifish. See, it rebounds kaw kaw today

Bowmann

93 posts

Posted by Bowmann > 5 days ago | Report Abuse

Dilly-dally government 😑

troy88

3,031 posts

Posted by troy88 > 5 days ago | Report Abuse

Great QR. Fundamentals intact just like Gamuda

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