Sunway Gets Downgrade on Limited Upside -- Market Talk

Dow Jones
5 hours ago

0845 GMT - Sunway's stock has limited upside, with the upcoming listing of Sunway Healthcare Group in 1Q next year likely to widen the holding-company's discount, CGS International says in a note. Analyst Chong Tjen-San says that Sunway is unlikely to have substantial businesses beyond property development post-listing, downgrading the stock to hold from add, with an unchanged target price of MYR5.90. The analysts also trims Sunway's 2025-2027 EPS forecasts by 5%, 1% and 1%, respectively, to reflect lower bed-capacity assumptions for Sunway Healthcare, alongside more moderate margins. Shares are 2.7% lower at MYR5.40. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

November 27, 2025 03:45 ET (08:45 GMT)

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