These days the investors are looking for quick money and any time they have an opportunity to buy and quickly sell, they will grab it for sure! With good news, the share price will increase and therefore it will be a good opportunity to quickly buy and sell within the short period of time. Hopefully if you decide to buy in this manner, you will be buying at the start of the trend rather than the tail of it.
Recently there was a piece of good news for SUNWAY. You can read the full article by clicking here or the full extract of it as below. The share price for SUNWAY moved towards the up trend after lunch from 3.40 and it closed for the day at 3.47. Will it continue to go up on Monday? Well I would say it would be but be cautious on it. Maybe a quick jump for about 3 to 6 cents on Monday but maybe it will not sustain if the overall market is bad. Good luck with your decision!
Sunway Construction subsidiary bags RM1.6bil contract
KUALA LUMPUR: Sunway Construction Sdn Bhd (SCSB), a subsidiary of Sunway Construction Group Bhd, has bagged a RM1.61bil contract to design and construct government office buildings.
It said on Friday SCSB had accepted the letter of award from Putrajaya Bina Sdn Bhd to design and build government offices in Precinct 1, Putrajaya. The development would consist of office towers, podium parking and external works for Parcel F.
Sunway Construction said the contract consisted of the construction 10 blocks of government office buildings and one block of shared facilities and targets to achieve a Gold Certification under the Green Building Index requirements.
Work would start on Sept 18, 2015 and expected to be ready in 34 months. It expected the contract to contribute positively to the group’s earnings for the financial year ending December 31, 2015 onwards.
“With the letter of award, the total outstanding order book for SunCon Group as of to-date is RM4.3bil.
“The project is subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated,” it said.
