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KUALA LUMPUR (Aug 3): Sunway Construction Group Bhd (KL:SUNCON) has secured an engineering contract worth RM1.02 billion for a data centre project in Johor.
Works involve mechanical, electrical and plumbing fit-out with the letter of award also serving as the notice-to-proceed, according to an exchange filing. The job is expected to be completed by the fourth quarter of 2027, Sunway Construction said.
SunCon’s strong order book and track record in data centre jobs provide solid long-term growth, even if the current valuation looks a bit pricey after the massive rally. If you held from 5, just enjoy the dividends and wait for their margins to stabilise as more mega projects kick into high gear.
