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Analyst Research Report Snapshot


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




Affin Hwang Investment Bank Bhd


07 Mar 2013





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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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