澳洲幸运5开户www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

RHB Research believes this marks a “cool start” for SunCon as it can leverage on sustainable green cooling systems that could speed up the use of DCS technology in other projects.

KUALA LUMPUR: RHB Research is optimistic about Sunway Construction Group Bhd’s (SunCon) district cooling system (DCS) project, as it allows the group to accelerate the DCS technology adoption in its future developments.

It believes this marks a “cool start” for SunCon as it can leverage on sustainable green cooling systems that could speed up the use of DCS technology in other projects.

The research house is keeping an “add” call on SunCon with a target price of RM1.93.

Recently, SunCon announced that it had entered into a build, own, operate and transfer agreement with Sunway South Quay Sdn Bhd (SSQ).

SSQ is an indirect wholly-owned subsidiary of Sunway Bhd and Engie-Sunway DCS Sdn Bhd, a 40%-owned associate company of SunCon.

Engie-Sunway DCS is the join-venture company between Sunway SK Sdn Bhd, an indirectly wholly owned subsidiary of SunCon, and ECM Cooling Sdn Bhd.

The agreement involves building a DCS and supplying cooling energy to SSQ’s development, known as Sunway South Quay Commercial Precinct 2, for 25 years – after which the DCS is transferred to SSQ.

,

欧博手机版www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

Based on the terms, Sunway Engineering, an indirect wholly-owned subsidiary of SunCon, would perform engineering, procurement and construction scope of works for the DCS.

“The contract value could be RM35mil to RM40mil with an expected net margin of 5% to 8% and SunCon could recognise a net profit of around RM1.8mil, assuming a 5% net margin over three years for the completion of the DCS,” said RHB.

It said the annual profits from the DCS operation, attributable to Sunway SK Sdn Bhd’s 40% portion, are minimal over the operating period of less than 0.5% of financial year 2022 (FY22) forecast profits.

“Due to the expected minimal net profit from constructing the DCS, combined with the probability of the DCS to generate income only after two years of operation, we make no changes to our earnings estimates,” it added.

RHB believes its unchanged valuation target price-to-earnings ratio (P/E) of 15.5 times, pegged to its FY23 earnings per share, is fair and reflects SunCon’s high likelihood of securing the Mass Rapid Transit 3 jobs, combined with its steady internal jobs.

The research house said the key risks to the DSC project are the possible cost overruns and higher material costs.


转载说明:本文转载自Sunbet。 环球UG声明:该文看法仅代表作者自己,与本平台无关。转载请注明:欧博手机版(www.aLLbet8.vip):District cooling system a ‘cool start’ for SunCon
发布评论

分享到:

新2足球贴士网:Ringgit ends lower against US dollar
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。