Investor Info
INVESTMENT THESIS
INVESTMENT CASE
Summarised Investment Highlights
- One of the largest property group in Malaysia with a market capitalisation of approximately RM 20.2 billion as at 30 June 2024
- Developer with capacity and capability to carry out all aspects of the property development business chain.
- The management of and investment in Sunway REIT provides the Group with an avenue to divest its mature property investment assets to crystallize capital gains and yet allows it to continue benefitting from REIT management fees and rental income through dividend from the REIT units.
Land bank acquisition
Design & Masterplan
Build for Self / Others
Construction & Supply Chain Management
Build to Sell
Marketing & Sales
Build to Operate
Property Investment & Business Operators
Held for Yield
REIT & REIT Management
Chart Indicator
Integrated Properties
Construction
REIT
- Landbank of close to 2,357 acres located across multiple strategic locations with a potential GDV of approximately RM54.9 billion.
- One of the largest listed landowners in Iskandar Malaysia with 1,770 acres of land.
- Sunway Healthcare’s three operating hospitals continue to perform well, with capacity expansion on track to cater to the growing demand for quality healthcare services. The forthcoming opening of the two new hospitals, Sunway Medical Centre Damansara and Sunway Medical Centre Ipoh scheduled in Q4 FY2024 and Q1 FY2025 respectively will accelerate the growth trajectory of the healthcare segment. This will add 600 beds capacity progressively.
Klang Valley
1,108 acres (47%)
RM 13.7 bil (25%)
Johor
741 acres (31%)
RM 28.9 bil (53%)
Penang
180 acres (8%)
RM 2.2 bil (4%)
Singapore
9 acres (<1%)
RM 5.9 bil (10%)
Others
319 acres (14%)
RM 4.2 bil (8%)
- Recurring income from REIT in the form of REIT dividends and management fees.
- Unbilled sales of RM4.5 billion as at end June 2024.
- Construction order book of RM7.4 billion as at end June 2024.
- Healthcare current licensed beds of 1,158 as at end June 2024.
Financial Calendar
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21 Feb
2024Announcement of the unaudited consolidated results for the 4th quarter ended 31 December 2023
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21 May
2024Announcement of the unaudited consolidated results for the 1st quarter ended 31 March 2024
-
28 Aug
2024Announcement of the unaudited consolidated results for the 2nd quarter ended 30 June 2024
-
26 Nov
2024Announcement of the unaudited consolidated results for the 3rd quarter ended 30 September 2024
Analyst Coverage
Nicholas Lim
Affin Hwang Investment Bank
Team Coverage
AmInvestment Bank
Chong Tjen-San
CGS International Securities Malaysia
Mak Hoy Ken
CIMB Securities
Lim Sue Lin
Citic CLSA Securirties
Tan Kai Shuen
Hong Leong Investment Bank
Clement Chua
Kenanga Investment Bank
Wong Wei Sum
Maybank Investment Bank
Jessica Low Jze Tieng
MIDF Research
Loong Kok Wen
RHB Research Institute
Wendy Thiam
TA Securities
Nurul Nazira
UOB KayHian Securities