Investment Case

Summarised Investment Highlights
  1. Leading property & construction group in Malaysia
    • One of the largest property group in Malaysia with a market capitalization of approximately RM6.6 billion
    • Reputable developer with multiple product offerings and in multiple locations.
    • Successful track record as an integrated township developer with its signature development "Sunway City" having 8 key components i.e. retail, hospitality, leisure, education, healthcare, commercial, residential and industrial.
  2. Unique integrated real estate business model
    • Developer with capacity and capability to carry out all aspects of the property development business chain.
    • The management of and investment in Sunway REIT provides the Group with an avenue to divest its mature property investment assets to crystallize capital gains and yet allows it to continue benefitting from REIT management fees and rental income through dividend from the REIT units.

  3. Positioned for growth
    • Landbank of close to 3,338 acres located across multiple strategic locations with a potential GDV of approximately RM57.1 billion.
    • One of the largest listed landowners in Iskandar Malaysia with 1,712 acres.
    • Focused regional strategy with continued expansion of footprint in Singapore and China.

  4. Resilient earnings base
    • Recurring income from REIT in the form of REIT dividends and management fees.
    • Unbilled sales of RM3.2 billion as at end June 2020.
    • Construction order book of RM5.4 billion as at end June 2020.