Earnings Alerts

Sunway Bhd (SWB) Earnings: 2Q Net Income Rises to 273.0M Ringgit with Revenue Up 62% Year-over-Year

  • Sunway Bhd‘s net income in the second quarter is 273.0 million ringgit.
  • This reflects a 0.9% increase compared to the previous year’s second quarter, which was 270.5 million ringgit.
  • The company’s revenue for the second quarter surged by 62% year-over-year, reaching 2.56 billion ringgit.
  • Earnings per share (EPS) slightly decreased to 4.070 sen from 4.110 sen in the previous year’s second quarter.
  • Current analyst recommendations include 7 buy ratings, 5 hold ratings, and 1 sell rating.
  • All comparisons are based on the company’s original disclosures from past results.

A look at Sunway Bhd Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Sunway Bhd, a prominent property development and construction firm, displays a mixed outlook according to Smartkarma Smart Scores. With a Growth score of 4 and Momentum score of 4, the company appears to be positioned well for future expansion and efficient use of market trends. The Resilience score of 3 indicates the company’s ability to weather economic uncertainties or market fluctuations. However, with Value and Dividend both scoring a 2, there might be some concerns regarding the company’s current valuation and dividend payment capacity.

Overall, Sunway Bhd‘s Smartkarma Smart Scores suggest a positive long-term outlook fueled by strong growth potential and momentum in the market. Although there are some areas of improvement needed in terms of value and dividend yield, the company’s diversified business divisions including quarrying, building materials, hospitality, leisure, and healthcare could serve as a solid foundation for future growth and sustainability.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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