Sunway Berhad

Titan Trading Notes For Wednesday [22/1/2025]:

KLCI had a decent rebound back towards the 1580 points region with an overall positive market sentiment as our market rebounded strong from last week's heavy selling activities. Daily trading volume remained at a healthy level around the 3.4 billion mark, which is a pretty good start.

Main stocks that showed strong buying momentum would be the likes of CBHB, MAHSING, SET, VELESTO, GAMUDA, SNS, SIMEPROP, NATGATE, GENETEC, JCY, SUNWAY, YTL, SUNCON, YTLPOWR, ARMADA, INARI, MNHLDG, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MAHSING / 8583 (MAH SING GROUP BERHAD) since retracing over the past 2 weeks, went all the way towards the RM 1.30+ main support levels today and rebounded all the way towards the RM 1.50+ regions with huge volume and buying momentum after being massively oversold.

So far looking quite strong here for this rebound and as long as able to sustain above its RM 1.44+ immediate support, could continue to trend back up towards the RM 1.60+ major resistance levels soon.

Will be monitoring MAHSING closely here.

$SUNWAY / 5211 (SUNWAY BERHAD) on the other hand since rebounding from its RM 4+ main support levels earlier last week, been able to carry forward the buying momentum today and rallied all the way towards the RM 4.50+ regions with good volume here.

Although unable to close on its intraday high, its closing price of RM 4.46, could trend back up towards the RM 4.70+ major resistance levels soon in the coming few days here to resume this buying momentum.

Will be monitoring SUNWAY closely as seems to be rebound very strongly.

$KLSE-ADB since retracing back towards the RM 1.10+ support levels over the past week, been able to rebound quite well since then and bounced back towards the RM 1.23 regions with good volume and buying momentum today, even closing on its intraday high.

Looking quite bullish for now as it seems to have formed its higher low regions already over the past week. If able to sustain, could trend back up towards the RM 1.32 all time high levels soon in the coming weeks.

Will be monitoring ADB closely here.

US market also rebounding quite well tonight, expecting our local market sentiment to be lifted up as well in the coming few days.

Titan Trading Notes For Monday [20/1/2025]:

KLCI had a decent rebound back towards the 1566 points region with an overall positive market sentiment as the market as a whole started to rebound from the past week of rigorous selling activities. Daily trading volume settled around the 3.1 billion mark, which is pretty decent.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, YTL, SUNWAY, YTLPOWR, ARMADA, IJM, JCY, SUNCON, MNHLDG, TENAGA, DNEX, UEMS, and PBBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUNWAY / 5211 (SUNWAY BERHAD) since retracing all the way back towards the RM 4+ major support levels over the past week, been able to sustain the selling pressure and rebounded back towards the RM 4.20 regions with good volume and buying momentum.

For now showing signs of a potential rebound here. As long as able to hold above its RM 4.05+ immediate support levels, could bounce back towards the RM 4.40+ major resistance levels soon in the coming week.

Will be monitoring SUNWAY closely here as looks ripe for a potential rebound.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand since retracing all the way towards the RM 3.65+ main support levels on Friday, was able to rebound back strong towards the RM 3.90 regions on the daily chart here on the same day.

This is a strong sign that it's reached its bottom already after 1-2 weeks of continuous heavy selling activities. As long as able to keep this up, could trend back up towards its RM 4.20 - RM 4.40+ major resistance levels soon in the coming weeks.

Will be monitoring YTLPOWR closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand since breaking out towards the RM 1.50+ regions, been retracing over the past 2 weeks here back towards the RM 1.25+ main support levels and was able to bounce back well towards the RM 1.39 regions on Friday.

so far seems to have formed its higher low regions already and as long as able to sustain above its RM 1.33+ immediate support, could trend back up towards the RM 1.50+ major resistance levels soon for an uptrend continuation pattern soon.

Will be monitoring GENETEC closely here.

$SUNWAY / 5211 (SUNWAY BERHAD)
Research Report by TA

$SUNWAY / 5211 (SUNWAY BERHAD)
Research Report by MAYBANK

$SUNWAY / 5211 (SUNWAY BERHAD)
Research Report by Kenanga

$SUNWAY / 5211 (SUNWAY BERHAD)
Research Report by HLIB

$SUNWAY / 5211 (SUNWAY BERHAD)
Research Report by RHB

$SUNWAY / 5211 (SUNWAY BERHAD)
Research Report by CGSI

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by HLIB

PETALING JAYA: Sunway Bhd’s latest acquisition will beef up its presence in the Singapore property market after it secured another piece of land in the city-state.

CIMB Securities Research recently visited two major developments in Iskandar Puteri, Johor: the 2,000-acre integrated township, Sunway City Iskandar Puteri (SCIP) by Sunway Bhd – the largest in the area – and Puteri Harbour, a prime waterfront development by UEM Sunrise Bhd (UEM Sunrise), which also has an international ferry terminal.

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by CGSI

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by HLIB

KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) anticipates that demand for Sunway Bhd’s ongoing and upcoming projects in Singapore will be favourable, especially as funding costs for housing purchases are expected to decrease.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Public Bank Bhd, LPI Capital Bhd, Top Glove Corp Bhd Sunway Bhd, KJTS Group Bhd, Sapura Resources Bhd and MGB Bhd are among the stocks to watch today.

PETALING JAYA: Sunway Bhd, via its indirect wholly owned subsidiary Sunway Developments Pte Ltd and Hoi Hup Realty Pte Ltd, has been awarded 2.35ha at Tampines Street 94, from the Housing and Development Board of Singapore for a 99-year lease-term mixed commercial and residential development at S$668.28mil.

KUALA LUMPUR: Sunway Bhd, through indirect unit Sunway Developments Pte Ltd (SDPL), has secured a land parcel at Tampines Street 94 from the Housing and Development Board of Singapore for a S$668.28 million (RM2.19 billion) mixed commercial and residential development project.

Analysts are bullish on Sunway Bhd’s new acquisition of a freehold land in Taman Taynton in Kuala Lumpur, due to its strategic location and attractive offerings.

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by HLIB

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by TA Securities

KUALA LUMPUR: Sunway Bhd shares on Bursa Malaysia went up in the early session today after it announced plans to buy a 7.11-hectare (ha) prime land in Cheras for RM320 million, earmarking it for mixed-use development.

KUALA LUMPUR: Sunway Bhd’s wholly-owned subsidiary, Sunway Melawati Sdn Bhd, has entered into a sales and purchase agreement with Viva Impian Sdn Bhd (VISB) to acquire a parcel of land for RM320 million in Cheras, here.

Titan Trading Notes For Monday [2/9/2024]:

$KLSE-KLCI had a huge breakout towards the 1678 regions with an overall positive market sentiment with Property, Construction, Technology, and the Financial sector all showing good gains to close for the week. Daily trading volume also settled quite well around the 3.9 billion mark.

Main stocks that showed strong buying momentum would be the likes of SUNWAY, PBBANK, CEB, CIMB, YTLPOWR, SIMEPROP, SPSETIA, NOTION, YTL, GAMUDA, MALAKOF, TENAGA, ARMADA, TANCO, SIME, ELRIDGE, JCY, ECOWLD, INARI, NATGATE, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUNWAY / 5211 (SUNWAY BERHAD) since retracing back towards the RM 3.90+ main support levels over the past week, had been able to hold well above this support region and broke out back towards the RM 4.10++ regions with huge volume during Friday.

For now looking very strong here and as long as able to sustain above its RM 3.90 - RM 4 main support levels, could continue on towards and beyond its RM 4.40+ major resistance levels for an uptrend continuation pattern soon.

Will be monitoring SUNWAY closely as seems to be trending upwards quite strongly here.

$PBBANK / 1295 (PUBLIC BANK BERHAD) on the other hand although retraced back towards the RM 4.70 main support levels during Thursday, was able to form an immediate higher low support and broke out back towards the RM 4.82 regions with huge volume and buying momentum on Friday.

For now looking quite strong here and as long as able to sustain above its RM 4.74+ immediate support levels on the hourly charts, could continue to trend up towards and beyond the RM 4.84+ regions in the coming weeks.

Will be monitoring PBBANK closely.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since breaking out from its RM 1.10+ main downtrend resistance earlier last week, had been able to hold well above this region and broke out towards the RM 1.16+ regions with good volume and buying momentum on Friday.

For now looking quite strong here and could be ripe for a potential uptrend continuation pattern towards and beyond the RM 1.20+ major resistance levels soon in the coming weeks.

Will be monitoring HUPSENG closely.

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by TA
Buy - TP RM4.76

"Johor's Rising Prominence and Expanding Healthcare Excellence"

We maintain Buy on Sunway with an unchanged TP of RM4.76/share, based on SOP valuation and a 5% ESG premium.

Analyst:
Thiam Chiann Wen
cwthiam@ta.com.my

Titan Trading Notes For Friday [30/8/2024]:

$KLSE-KLCI retraced back towards the 1653 points region with an overall negative market sentiment today we saw over 850 counters closing red for the day. Daily trading volume settled around the 3.6 billion mark, mainly dominated by selling activities. Overall market sentiment was definitely bearish.

Main stocks that showed strong buying momentum would be the likes of NOTION, TANCO, SUNWAY, SEALINK, MALAKOF, and FRONTKN.. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUNWAY / 5211 (SUNWAY BERHAD) since breaking out towards the RM 4.40+ regions, had been retracing and consolidating over the past month here, and recently formed a solid support region around the RM 3.90+ regions on the daily chart despite the weak market sentiment.

For now still able to hold quite well here and as long as able to sustain, could start to trend back up towards the RM 4.20 - RM 4.40++ major resistance levels in the coming weeks here.

Will be monitoring SUNWAY closely as seems to be trending up quite strong in the long run.

$CEB / 5311 (CAPE EMS BERHAD) since its earlier rebound back towards the RM 0.54 regions, had been retracing over the past month here, heading towards forming a new low at RM 0.33 today with huge selling pressure despite being oversold here.

For now still down trending here with RM 0.365+ as the main downtrend resistance on the hourly charts. For now we can refer RM 0.33 - RM 0.34+ as the main support levels to see if able to hold or not.

Will be monitoring CEB closely here for a potential rebound soon.

I still think the market is quite bearish overall here, and perhaps we might see some rebound from certain stocks being oversold, still have to act cautiously overall.

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by RHB
Buy – TP RM 5.00

"Parc Central In Singapore To Drive 3Q24 Earnings”

Sunway’s 2Q24 results are in line. In 3Q24, we expect it to book robust earnings – driven by the handover of Parc Central Residences in Singapore, whereby a total of MYR123m in progressive profits will be recognised. Its 1H24 new sales of MYR1.27bn also puts it on track to meet its FY24 target of MYR2.6bn. Investors should continue to accumulate shares, premised on the group’s strategic exposure in Iskandar Malaysia, as well as the upcoming listing of Sunway Healthcare Group.

Analyst:
Loong Kok Wen, CFA
loong.kok.wen@rhbgroup.com

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by HLIB
BUY – TP RM4.51

"On track for a record year”

Sunway reported 2Q24 core PATAMI of RM175.1m (+2.8% QoQ; +29.9% YoY), which brought 1H24’s sum to RM345.4m (+25.1% YoY) – this was within expectations. The good results showing was supported by improvements across all segments, particularly in property development and healthcare. Maintain forecasts and BUY call with an unchanged TP of RM4.51 based on SOP-derived valuation. With the group’s widening exposure in the Malaysian economy, the stock provides a good proxy to the domestic economy which is currently entering a new phase of growth. Additionally Sunway’s recent inclusion to the MSCI Malaysia Index enhances the stock’s visibility among global investors, particularly institutional investors who track or benchmark against MSCI indices.

Analyst:
Tan Kai Shuen, CFA
kstan@hlib.hongleong.com.my

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by TA
BUY – TP RM4.76

"A Steady 1H24”

We arrive at a new SOP-derived TP of RM4.76/share (previously RM4.55/share), after factoring the latest TPs for SunCon and Sunway REIT. Maintain Buy.

Analyst:
Thiam Chiann Wen
cwthiam@ta.com.my

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by CGS
ADD – TP RM4.65

"Strong showing across all divisions”

■ 2Q24 results met expectations; strong 2H2HF to be driven by lumpy property recognition in Singapore and stronger construction earnings.
■ SHG’s 1H24 EBITDA up 34% yoy, looking at potential M&A opportunities.
■ Reiterate Add; we lower FY24-FY26F EPS but raise TP to RM4.65

Analyst:
CHONG Tjen-San, CFA
tjen-san.chong@cgsi.com

$SUNWAY / 5211 (SUNWAY BERHAD)
Research by MIDF
NEUTRAL – TP RM4.15

"Solid Earnings”
• 1HFY24 earnings within expectations
• Solid earnings in 1HFY24
• New sales on track
• Earnings forecast revised upwards
• Maintain NEUTRAL with a revised TP of RM4.15

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my