Analyst Research Report Snapshot

Title:

Company Update – Sunway Bhd (BUY, upgrade) - An attractive proxy to Iskandar

Price:

$81.00

Provider:

Affin Investment Bank

Date:

07 Mar 2013

Pages:

8

Type:

AcrobatPDF

Companies referenced:

SWAY.KL

Available for Immediate Download
Summary:

Iskandar developers garnering attention The newsflows on Iskandar have picked-up considerably over the past 2 months. Notable newsflows are the announcement of the proposed KL-Singapore High Speed Rail project and Singapore-JB Rail Transit System project, as well as the entry of major foreign real estate players like CapitaLand, Ascendas Land and Country Garden to undertake development projects in Iskandar. These positive developments, coupled with improved market sentiment, have resulted in the share price rally of developers with sizeable exposure to Iskandar.

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