Sunway could emerge as one of the potential contenders for the ECRL project, says CGSCIMB Research

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KUALA LUMPUR (July 17): CGSCIMB Research has a “Hold” rating on Sunway Bhd at RM1.68 with a target price of RM1.70 and said Sunway Bhd, via subsidiary Sunway Construction Group Bhd, could emerge as one of the potential contenders for the ECRL project.

In a note today, the research house said pending greater clarity on the tender structure, the group has said it could be keen on the subcontract civil works scope, including the station packages