Stock Analysis

Sunway Berhad First Quarter 2024 Earnings: EPS: RM0.023 (vs RM0.02 in 1Q 2023)

KLSE:SUNWAY
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Sunway Berhad (KLSE:SUNWAY) First Quarter 2024 Results

Key Financial Results

  • Revenue: RM1.42b (up 12% from 1Q 2023).
  • Net income: RM172.2m (up 49% from 1Q 2023).
  • Profit margin: 12% (up from 9.2% in 1Q 2023). The increase in margin was driven by higher revenue.
  • EPS: RM0.023 (up from RM0.02 in 1Q 2023).
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KLSE:SUNWAY Earnings and Revenue Growth May 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sunway Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Industrials industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 7.6% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Sunway Berhad (1 is a bit unpleasant!) that you should be aware of before investing here.

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Find out whether Sunway Berhad is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.