皇冠现金网
热门标签

erc20转换trc20:District cooling system a ‘cool start’ for SunCon

时间:4天前   阅读:7   评论:3

皇冠体育注册平台www.hg108.vip)是一个开放皇冠体育即时比分、皇冠体育官网注册的平台。皇冠体育注册平台(www.hg108.vip)专业解决皇冠体育会员怎么申请开户、怎么申请皇冠体育信用盘代理、皇冠体育公司的代理怎么拿的问题。

RHB Research believes this marks a “cool start” for SunCon as it can leverage on sustainable green cooling systems that could speed up the use of DCS technology in other projects.

KUALA LUMPUR: RHB Research is optimistic about Sunway Construction Group Bhd’s (SunCon) district cooling system (DCS) project, as it allows the group to accelerate the DCS technology adoption in its future developments.

It believes this marks a “cool start” for SunCon as it can leverage on sustainable green cooling systems that could speed up the use of DCS technology in other projects.

The research house is keeping an “add” call on SunCon with a target price of RM1.93.

Recently, SunCon announced that it had entered into a build, own, operate and transfer agreement with Sunway South Quay Sdn Bhd (SSQ).

SSQ is an indirect wholly-owned subsidiary of Sunway Bhd and Engie-Sunway DCS Sdn Bhd, a 40%-owned associate company of SunCon.

Engie-Sunway DCS is the join-venture company between Sunway SK Sdn Bhd, an indirectly wholly owned subsidiary of SunCon, and ECM Cooling Sdn Bhd.

The agreement involves building a DCS and supplying cooling energy to SSQ’s development, known as Sunway South Quay Commercial Precinct 2, for 25 years – after which the DCS is transferred to SSQ.

,

erc20转换trc20www.u2u.it)是最高效的erc20转换trc20平台.ERC20 USDT换TRC20 USDT,TRC20 USDT换ERC20 USDT链上匿名完成,手续费低。

,

Based on the terms, Sunway Engineering, an indirect wholly-owned subsidiary of SunCon, would perform engineering, procurement and construction scope of works for the DCS.

“The contract value could be RM35mil to RM40mil with an expected net margin of 5% to 8% and SunCon could recognise a net profit of around RM1.8mil, assuming a 5% net margin over three years for the completion of the DCS,” said RHB.

It said the annual profits from the DCS operation, attributable to Sunway SK Sdn Bhd’s 40% portion, are minimal over the operating period of less than 0.5% of financial year 2022 (FY22) forecast profits.

“Due to the expected minimal net profit from constructing the DCS, combined with the probability of the DCS to generate income only after two years of operation, we make no changes to our earnings estimates,” it added.

RHB believes its unchanged valuation target price-to-earnings ratio (P/E) of 15.5 times, pegged to its FY23 earnings per share, is fair and reflects SunCon’s high likelihood of securing the Mass Rapid Transit 3 jobs, combined with its steady internal jobs.

The research house said the key risks to the DSC project are the possible cost overruns and higher material costs.


转载说明:本文转载自Sunbet。

上一篇:新2开户:Muar Ban Lee sells entire stake of unit to XOX

下一篇:免费足球推荐:Enjoy your rose and beat the heat, while you can

网友评论