Talking about Sunway, i believe everyone staying at Malaysia should know about this company.
Sunway was a good company but after they build the SILK highway they have been suffering lost of money.
But at the end of year 2007 years, they managed to dispose the SILK highway by cash payment of RM50 million and the relinquishing of all of its economic rights to its 36% equity stake in SunInfra.
Through this, they can finally focus on their property and construction development.
Latest Q1 2008 result shows that they earn 5 sen eps, expecting they maintain the same result, it would be 20 sen eps, with current price RM1.95, the PE is stood at 10, which is ridiculous for such a reputable company. Sunway is expanding fast to Middle east country, and also China and Singapore. PE10 for Sunway is definitely a steal.
With current bull run which do not benefit Sunway, it would be good chance to snap this counter.
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