0136 GMT - Sunway Bhd.'s earnings visibility may remain strong in next three to four years, TA Securities analyst Thiam Chiann Wen says in a note. The conglomerate appears well-positioned for growth amid a stronger Malaysian economy, with the retail, leisure, hotel and healthcare segments benefiting, she reckons. Its new medical centers could expand its healthcare portfolio, while an aging population and medical tourism could further support the segment's growth, she adds. Thiam expects the Johor-Singapore Special Economic Zone and the completion of the rail link to boost Sunway's residential development in Johor. TA Securities raises Sunway's target price to MYR5.61 from MYR5.60 while maintaining a buy rating on the stock. Shares are 0.9% higher at MYR4.67. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 20:36 ET (01:36 GMT)
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