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KUALA LUMPUR: Sunway Bhd recorded a higher net profit of RM190.55 million in the first quarter ended March 31, 2025 (1Q 2025), an increase of 11 per cent from RM172.22 million in the same period last year.
SUNWAY Healthcare Holdings Bhd will start gauging investor interest as soon as January for an initial public offering that may raise around $700 million, according to people familiar with the matter.
The health-care arm of conglomerate Sunway Bhd. plans to list in Kuala Lumpur as early as March, the people said, asking not to be named as the discussions are private. Deliberations are ongoing, and the size and timing of the deal may change, they said.
Sunway has proposed an offer price of RM3.15 per IJM share, which HLIB said implies price-to-earnings (P/E) multiples of 20.7 times for financial year 2026, 17.5 times for financial year 2027 and 17.2 times for financial year 2028, alongside an audited price-to-book (P/B) ratio of 1.1 times.
HLIB views the valuation as reasonable, given IJM's five-year average trading P/E and P/B multiples of 17.3 times and 0.67 times, respectively.
KUALA LUMPUR (Feb 26): Shares of Sunway Bhd (KL:SUNWAY) rose to new record highs on Thursday after the property-to-healthcare conglomerate reported strong earnings that met market expectations.
Sunway rose as much as 18 sen or 3% to RM6.02. The stock was trading at RM5.97 at 9.15am after more than two million shares changed hands. The company was valued at nearly RM41 billion based on its last price.