<div class=newsTextDataWrapInner>KUALA LUMPUR (March 18): Hong Leong Investment Bank (HLIB) maintained its 'buy'&nbsp;rating for Sunway Bhd at RM3.02, with a higher target price (TP) of RM3.76 (from RM3.10), and said Sunway’s healthcare segment achieved an impressive four-year compound annual growth rate of 34.9% in earnings before interest, taxes, amortisation and depreciation (Ebitda) from the financial year ended Dec 31, 2019 (FY2019) fo FY2023, while its Ebitda margin of 26% sat at the upper end of the industry's average range.</div>

<div class=newsTextDataWrapInner>In a note on Monday, the research house said that based on its sensitivity analysis, valuation of Sunway Healthcare Group, anticipated to be listed by end-FY2027, could potentially range from RM22.4 billion to RM28.9 billion, reflecting its superior Ebitda margin and other competitive advantages.</div>

<div class=newsTextDataWrapInner>“Sunway's diversified business portfolio, deeply entrenched in Malaysia's economic progress, presents an opportunity for investors to own a piece of the nation's robust growth trajectory.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“We maintain 'buy', with a higher TP of RM3.76 (from RM3.10), based on sum-of-parts-derived valuation,” HLIB said.</div>

Hong Leong Investment Bank (HLIB) maintained its 'buy' rating for Sunway Bhd at RM3.02, with a higher target price (TP) of RM3.76 (from RM3.10), and said Sunway’s healthcare segment achieved an impressive four-year compound annual growth rate of 34.9% in earnings before interest, taxes, amortisation and depreciation (Ebitda) from the financial year ended Dec 31, 2019 (FY2019) fo FY2023, while its Ebitda margin of 26% sat at the upper end of the industry's average range.

HLIB keeps 'buy' on Sunway with higher target price of RM3.76

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