DOCSLIB.ORG

Size Does Matter

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Construction and Materials MALAYSIA October 5, 2011 Sunway Bhd SWB MK / SWAY.KL Current RM1.87 SHORT TERM (3 MTH) LONG TERM Market Cap Avg Daily Turnover Free Float Target RM2.68 Previous Target NA US$754.5m US$1.40m 40.1% RM2,417m RM4.10m 1,293 m shares Up/downside 43.32% Convicti on Notes from the Field Size does matter The merged Sunway group offers value, not just because of its share price decline but also the potential synergies from more in-house construction of its property projects. We also like the growth prospects for its construction division, which could clinch more ETP/10MP jobs. Sunway offers exposure to Malaysia’s stocks under our coverage. It is rising construction activities. It is driven by ETP and 10MP projects as Sharizan Rosely Malaysia also an integrated property group well as ongoing in-house property T (60) 3 20849864 that enjoys recurring income from development projects. Sunway’s E [email protected] property investments and REITs. We construction unit specialises in begin coverage with an building, civil and infrastructure Company Visit Expert Opinion OUTPERFORM, pegging our target works, both for the public and price to a 20% discount to its RNAV. private sectors. With its bigger size Channel Check Customer Views and balance sheet, the group can Potential synergies hold its own among the big “The merger aims to Post merger, Sunway has a fairly construction boys in the battle for create bigger entity for similar business profile as the bigger large-scale jobs, having been business scale, realize construction boys, with property and shortlisted for the KVMRT project. synergies between the construction being the main earnings Recurring income from group’s construction and contributors and drivers. The group targets merger synergies worth 1-2% property property arms, and of revenue over the next two years, Sunway’s property division, which enhance brand name” coming from (i) better cost contributes 70% of pretax, boasts a management and efficiency, (ii) remaining landbank of 2,160 acres ─ Tan Sri Jeffey Cheah, Chairman increased construction of in-house and has one of the largest portfolios properties by the construction unit, of investment properties in Malaysia, and (iii) sharing of construction which provides it with recurring design technology, leading to fewer income. Klang Valley projects will be design faults and delays. the main contributors to property th development earnings while overseas 5 largest order book projects will provide a platform for Sunway’s RM2.5bn outstanding longer-term growth. The outstanding construction order book is the 5th property GDV of RM14.4bn is good largest among the construction for another 5-8 years. Price Close Relative to FBMKLCI (RHS) 2.7 104 Financial Summary 2.5 99 Dec-10A Dec-11F Dec-12F Dec-13F 2.3 94 Revenue (RMm) 3,134 3,578 3,825 4,106 2.1 89 1.9 84 Net Profit (RMm) 688.1 301.8 347.3 391.0 1.7 79 Core EPS (RM) 0.53 0.23 0.27 0.30 1.515 74 Core EPS Growth 0.0% (56.1%) 15.1% 12.6% Vol Vol m 10 FD Core P/E (x) 3.50 8.25 7.40 6.57 5 DPS (RM) 0.10 0.08 0.09 0.10 Aug-11 Sep-11 Sep-11 Sep-11 Dividend Yield 5.56% 4.01% 4.81% 5.21% Source: Bloomberg EV/EBITDA (x) 5.12 7.54 6.13 5.23 P/FCFE (x) 20.17 8.31 NA NA 52-week share price range Net Gearing 54.6% 65.8% 48.2% 39.6% 1.87 P/BV (x) 0.93 0.86 0.70 0.62 1.67 2.49 Recurring ROE 11.2% 11.2% 10.7% % Change In Core EPS Estimates 2.68 CIMB/consensus EPS (x) 1.01 0.92 0.99 0.99 Current Target Consensus EPS (RM) 0.53 0.25 0.27 0.31 SOURCE: CIMB, COMPANY REPORTS IMPORTANT DISCLOSURES. INCLUDING ANY REQUIRED RESEARCH CERTIFICATIONS, ARE PROVIDED AT THE END OF THIS REPORT. Sources: CIMB. COMPANY REPORTS Designed by Eight, Powered by EFA Sunway Bhd October 5, 2011 PEER COMPARISON Research Coverage Bloomberg Code Market Recommendation Mkt Cap US$m Price Target Price Upside Gamuda GAM MK MY OUTPERFORM 1,805 2.80 5.13 83.2% IJM Corp Bhd IJM MK MY OUTPERFORM 1,949 4.54 7.67 68.9% Malaysian Resources Corp MRC MK MY OUTPERFORM 744 1.72 3.21 86.6% Muhibbah Engineering MUHI MK MY TRADING BUY 129 1.01 1.70 68.3% Sunway Bhd SWB MK MY OUTPERFORM 755 1.87 2.68 43.3% WCT Bhd WCT MK MY OUTPERFORM 500 1.99 3.99 100.5% Rolling P/BV (x) Rolling FD Core P/E (x) 4.5 6,000 4.0 5,000 3.5 3.0 4,000 2.5 3,000 2.0 1.5 2,000 1.0 1,000 0.5 0.0 0 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Gamuda IJM Corp Bhd Gamuda IJM Corp Bhd Malaysian Resources Corp Muhibbah Engineering Malaysian Resources Corp Muhibbah Engineering Sunw ay Bhd WCT Bhd Sunw ay Bhd WCT Bhd Sector Average: P/BV vs Recurring ROE Sector Average: FD Core P/E vs FD Core EPS Growth 4.0 25% 35 80% 3.5 22% 30 60% 3.0 19% 25 40% 2.5 16% 20 20% 2.0 13% 15 0% 1.5 9% 10 -20% 1.0 6% 0.5 3% 5 -40% 0.0 0% 0 -60% Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Rolling P/BV (x) (lhs) Recurring ROE (rhs) Rolling FD Core P/E (x) (lhs) FD Core EPS Grow th (rhs) Valuation FD Core P/E (x) P/BV (x) EV/EBITDA (x) Dec-10A Dec-11F Dec-12F Dec-10A Dec-11F Dec-12F Dec-10A Dec-11F Dec-12F Gamuda 22.33 17.07 10.78 3.06 2.99 2.83 40.01 29.38 14.05 IJM Corp Bhd 22.18 14.88 11.84 2.63 2.51 2.36 15.09 10.90 9.08 Malaysian Resources Corp 29.51 25.78 17.00 3.07 2.74 2.37 21.33 13.08 9.05 Muhibbah Engineering 11.89 5.56 4.96 0.67 0.66 0.64 9.95 6.30 6.29 Sunway Bhd 3.50 8.25 7.40 0.93 0.86 0.70 5.12 7.54 6.13 WCT Bhd 12.37 9.68 8.86 1.48 1.31 1.15 5.57 4.50 4.24 Growth and Returns FD Core EPS Growth Recurring ROE Dividend Yield Dec-10A Dec-11F Dec-12F Dec-10A Dec-11F Dec-12F Dec-10A Dec-11F Dec-12F Gamuda 9.8% 30.8% 58.4% 13.3% 17.7% 26.9% 4.75% 5.47% 5.67% IJM Corp Bhd -6.9% 49.1% 25.7% 11.9% 17.3% 20.5% 3.05% 3.27% 3.35% Malaysian Resources Corp 60.5% 14.5% 51.7% 9.2% 11.2% 15.0% 0.04% 0.30% 0.17% Muhibbah Engineering 95.9% 113.9% 12.1% 6.4% 12.0% 13.1% 3.47% 3.96% 4.48% Sunway Bhd na -57.6% 11.5% 11.2% 11.2% 5.56% 4.01% 4.81% WCT Bhd 25.5% 27.8% 9.1% 13.4% 15.5% 14.8% 5.03% 5.90% 6.22% SOURCE: CIMB, COMPANY REPORTS Calculations are performed using EFA™ Monthly Interpolated Annualisation and Aggregation algorithms to December year ends 2 Sunway Bhd October 5, 2011 BY THE NUMBERS Share price info P/BV vs Recurring ROE FD Core P/E vs FD Core EPS Growth Share price perf. (%) 1M 3M 12M 1.20 11.22% 20% Relative -10.3 -10.9 -18.0 8.0 10% 1.00 11.21% Absolute -18.0 -24.9 -24.9 0% 0.80 11.20% 6.0 -10% Major shareholders % held -20% 0.60 11.19% 4.0 -30% Tan Sri Jeffrey Cheah 47.7 0.40 11.17% -40% Government of Singapore 2.0 -50% 12.2 0.20 11.16% Investment Corp -60% 0.00 11.15% 0.0 -70% Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Rolling P/BV (x) (lhs) Recurring ROE (rhs) FD Core P/E (x) (lhs) FD Core EPS Grow th (rhs) Profit & Loss (RMm) Dec-10A Dec-11F Dec-12F Dec-13F Revenue 3,134 3,578 3,825 4,106 Cost Of Sales - - - - Gross Profit 3,134 3,578 3,825 4,106 Total Operating Costs (2,542) (3,136) (3,325) (3,546) Operating Profit 592 441 501 561 Operating EBITDA 592 461 520 581 Depreciation And Amortisation - (19) (20) (20) Operating EBIT 592 441 501 561 Net Interest Income (74) (102) (109) (98) Exchange Gains - - - - JV/Associates Profit 199 95 110 106 Other Income - - - - Profit Before Tax (pre-EI) 717 434 502 569 Exceptional Items - - - - FY10 net profit boosted by Pre-tax Profit 717 434 502 569 Taxation 280 (100) (116) (132) RM393m asset revaluation Profit After Tax 997 335 386 437 and deferred tax reversal. Minority Interests (309) (33) (39) (46) Net Profit 688 302 347 391 Recurring Net Profit 688 302 347 391 Cash Flow (RMm) Dec-10A Dec-11F Dec-12F Dec-13F Pre-tax Profit 717 434 502 569 Depreciation And Non-cash Adjustments (125) 27 18 12 Change In Working Capital (199) (432) (71) (78) Tax Paid - (100) (116) (132) Other Operating Cashflow (199) (95) (110) (106) Cashflow From Operations 194 (166) 223 265 Capex - (20) (20) (20) Proceeds From Disposals Of FAs/subsidiaries - (281) (349) (347) Acquisition Of Subsidiaries/investments - - - - Other Investing Cashflow - - - - Cash Flow From Investing - (301) (369) (367) Assumed 30% dividend net Debt Raised/(repaid) - 859 (502) (196) payout ratio Equity Raised/(Repaid) - - - - Dividends Paid - 97 116 126 Net Cash Interest (74) (102) (109) (98) Other Financing Cashflow (283) 8 403 217 Cash Flow From Financing (357) 861 (91) 49 Total Cash Generated (163) 394 (237) (53) Change In Net Cash (163) (465) 265 143 Free Cashflow To Equity 119 290 (756) (396) SOURCE: CIMB, COMPANY REPORTS 3 Sunway Bhd October 5, 2011 BY THE NUMBERS Balance Sheet (RMm) Dec-10A Dec-11F Dec-12F Dec-13F Fixed Assets 969 970 970 970 Intangible Assets 330 330 330 330 Other Long Term Assets 2,686 2,967 3,316 3,663 Total Non-current Assets 3,985 4,267 4,616 4,963 Total Cash And Equivalents 881 1,256 1,000 922 Inventories 302 516 552 593 Accounts Receivable 1,143 1,957 2,092 2,246 Other Current Assets 714 1,100 1,163 1,232 Total Current Assets 3,040 4,829 4,807 4,993 Trade Creditors 1,380 2,362 2,526 2,711 Borrowings rose due to Short-term Debt 506 455 409 368 RM910m loan to satisfy cash Other Current Liabilities 68 68 68 68 Total Current Liabilities 1,953 2,885 3,003 3,147 portion of the merger Total Long-term Debt 2,006 2,916 2,460 2,305 Other Liabilities - - - - Deferred Tax 81 81 81 81 Total Non-current Liabilities 2,087 2,997 2,541 2,387 Shareholders' Equity 2,599 2,795 3,421 3,918 Minority Interests 386 419 458 504 Preferred Shareholders Funds Total Equity 2,985 3,213 3,879 4,422 Key Ratios Dec-10A Dec-11F Dec-12F Dec-13F Revenue Growth N/A 14.1% 6.9% 7.3% Operating EBITDA Growth N/A -22.1% 12.9%
Recommended publications
  • Icwsaud2019-Book-Of-Abstract-3.Pdf

    Icwsaud2019-Book-Of-Abstract-3.Pdf

    I ABSTRACTS OF 4th INTERNATIONAL CONFERENCE-WORKSHOP ON SUSTAINABLE ARCHITECTURE AND URBAN DESIGN 2019 A joint conference with 4th International Conference on Engineering, Innovation and Technology “Reviewing Our Built Environment in Global Economic Uncertainty” Date: 24-26th June 2019 Vistana Hotel, Penang I 4th ICWSAUD 2019 24 – 26th June 2019 SCHOOL OF HOUSING, BUILDING AND PLANNING, USM http://www.hbp.usm.my © Copyright 2019 by the School oh Housing, Building and Planning, Universiti Sains Malaysia Edited by: Muhammad Hafeez Abdul Nasir Ahmad Sanusi Hassan This work is subjected to copyright and no parts of that can be published in any format or by any means of reproduction without the written consent of the publisher. Information obtained in this work is gathered by the respective authors of the articles and where all attempts are made; neither editors nor reviewers are responsible for the accuracy and completeness of the contents. The contents of this proceeding including figures, tables, charts. etc. do not necessarily exhibit the viewpoints of the editors. Includes bibliographical references. Publisher: SCHOOL OF HOUSING, BUILDING AND PLANNING, USM http://www.hbp.usm.my Cover Design by: Muhammad Hafeez Abdul Nasir A Sketch by: Prof. Dr Ahmad Sanusi Hassan Page | ii 4th ICWSAUD 2019 24 – 26th June 2019 ORGANISING COMMITTEE Advisors YBhg. Prof. Datuk Dr Asma Ismail (Vice-Chancellor USM) Assoc. Prof. Ir. Dr Abdul Naser Abdul Ghani (Dean HBP USM) Chairman Prof. Dr Ahmad Sanusi Hassan Co-Chairman Assoc. Prof. Dr Boonsap Witchayangkoon Secretariat Muhammad Hafeez Abdul Nasir Dr Yasser Arab Ahmad Sid Hijaz Md. Saaid Farhana Mohd Razif Committee Members Prof.
  • The Sunway Brand, Hallmarks of a Premier Property Developer

    The Sunway Brand, Hallmarks of a Premier Property Developer

    Laporan Tahunan 2004 Annual Report The Sunway Brand, Hallmarks of a Premier Property Developer SUNWAY CITY BERHAD ( Co. No. 87564 - X ) CONTENTS Corporate Vision 2 Corporate Directory 3 - 4 Corporate Information 5 - 6 Corporate Structure 7 Profile of Directors 8 - 12 Five-Year Group Financial Summary 13 Financial Highlights 14 - 15 Chairman’s Statement / Penyata Pengerusi 16 - 25 Corporate Governance Statement 26 - 31 Terms of Reference of 32 - 34 Executive Committee of The Board Terms of Reference of 35 - 36 Employees’ Share Option Scheme Committee Terms of Reference of Nomination Committee 37 - 38 Terms of Reference of Remuneration Committee 39 - 40 Cover Rationale Terms of Reference of Group Risk Management Committee 41 - 42 The Sunway Brand encompassed within a golden Audit Committee Report 43 - 48 sphere, signify distinctive Statement on Internal Control 49 - 50 designs and quality finishes in prime locations are the Enterprise Risk Management Framework 51 - 52 hallmarks of Sunway City Berhad, Malaysia’s premier Financial Statements 53 - 138 property developer. Awarded List of Properties 139 - 145 Superbrands status for its timely delivery, innovation Additional Compliance Information 146 - 147 and consistent quality, Sunway City Berhad is indeed Recurrent Related Party Transactions 148 - 153 a trusted name that Directors’ Interests in Shares and Options over endeavours lifestyle in the Ordinary Shares of the Company and its property industry amongst Subsidiary Companies 154 the discerning Malaysian (87564-X) home buyers. Analysis of Shareholdings 155 - 156 Notice of 22nd Annual General Meeting 157 - 161 Statement Accompanying Notice of Annual General Meeting 162 Form of Proxy CITY BERHAD SUNWAY 1 CORPORATE VISION A premier property company focusing on quality real estate development and investing in properties with attractive yields that augment its township development to generate excellent returns that maximise shareholders’ value.
  • Malaysia Real Estate Highlights

    Malaysia Real Estate Highlights

    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2015 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU KUALA LUMPUR HIGH END CONDOMINIUM MARKET (MPC) meeting in May in an effort to support economic growth and domestic HIGHLIGHTS consumption. • Softening demand in the SUPPLY & DEMAND high-end condominium With the completion of seven notable segment amid a cautious projects contributing an additional market. 1,296 units [includes projects that are physically completed but pending Madge Mansions issuance of Certificate of Completion • Lower volume of transactions and Compliance (CCC)], the cumulative expected to come on-stream. The KL in 1Q2015. supply of high end condominiums in City locality will account for circa 35% Kuala Lumpur stands at 39,610 units. (1,310 units) of the new supply; followed • Developers with niche high by Mont’ Kiara / Sri Hartamas with Approximately 45% (582 units) of the new 34% (1,256 units); KL Sentral / Pantai / end residential projects in KL completions are located in the Ampang Damansara Heights with 20% (734 units); City review products, pricing Hilir / U-Thant area, followed by some and the remaining 11% (425 units) from and marketing strategies in 26% (335 units) in the locality of KL City; the locality of Ampang Hilir / U-Thant. a challenging market with 16% (204 units) from the locality of KL lacklustre demand, impacted Sentral / Pantai / Damansara Heights Notable projects slated for completion by a general slowdown in the area; and 14% (175 units) from the Mont’ in KL City include Face Platinum Suites, economy, tight lending Kiara / Sri Hartamas locality. Le Nouvel, Mirage Residences as well as guidelines, weaker job market the delayed project of Crest Jalan Sultan The three completions in Ampang Hilir amongst other reasons.
  • CFA Society Malaysia Sunway University

    CFA Society Malaysia Sunway University

    CFA Institute Research Challenge Hosted by CFA Society Malaysia Sunway University CFA INSTITUTE RESEARCH CHALLENGE Sunway University Student Research This report is published for educational purposes only by students competing in the [Financials Sector, REIT Industry] CFA Institute Research Challenge. Sunway REIT Date: 22 February 2014 Current Price: RM 1.30 (as of 21.2.14) Recommendation: BUY Ticker: SREIT:MK (Bloomberg) USD/RM: 3.29 Target Price: RM 1.56 (20% upside) Market Profile 52-week high (RM) 1.65 52-week low (RM) 1.23 Previous close 1.30 Market Capitalization 3800 Highlights (RM million) Outstanding units 2923.7 We issue a BUY recommendation with a target RM 1.56, an upside of (million) 20% from current stock price. Sunway REIT (SunREIT) is one of the Free Float 42.6% largest REIT in Malaysia in terms of its property value. SunREIT is a EPS (2014F) (sen) 7.5 diversified REIT with a portfolio of primarily retail properties and P/E (FY2014)(Target 24 diversification into hotels, offices and others segments. px/EPS) ROE (FY2014) 7.5% Main growth drivers – (1) Sustainable organic growth from vibrant township. (2) Positive rental reversion rates from retail sector. (3) Upside Source: Team’s estimates potential from future post-refurbishment of Sunway Putra Place in Kuala Lumpur. (4) Future yield-accretive acquisitions available from pipeline assets. Stable financial position – (1) Low gearing is maintained, and is expected to remain constant in the near future, in line with management’s current strategy of managing capital structure. (2) Frequent rental reversion in retail malls and office buildings will increase projected earnings.

  • Enjoying Effortless Excellence

    - FACE TO FACE - CONTENTS ENJOYING EFFORTLESS EXCELLENCE Face To Face The Sunway Education Group Starting end of February, 03 Enjoying Effortless Excellence Sunway College Ng Jee Hong is pursuing a 04 Volunteering Is Its Own Reward No. 2, Jalan Universiti Bachelor of Design majoring in 06 I Heart NYU Bandar Sunway 47500 Selangor Darul Ehsan Architecture at the Melbourne 08 A Platform For Learning And Malaysia School of Design, the University Earning Ideas T: 603-5638 7176 of Melbourne. A Monash Reinvent To Create 12 E: [email protected] University Foundation Year New Beginnings sunway.edu.my/college (MUFY) alumnus, Jee Hong 14 Teaching Is My Life! Sunway University plans to pursue a Master of Making A Difference In The Lives T: 603-7491 8622 Architecture for another 2 Of Others E: [email protected] years after completing his 15 In The Pacific Northwest sunway.edu.my/university Bachelor of Design. Monash University Malaysia 10 Victoria University Homecoming T: 603-5514 6000 E: [email protected] He thinks Architecture may Movers & Shakers monash.edu.my be the perfect course as he 07 The Big Five Increases enjoys studying concepts Engagement With Students Jeffrey Cheah School of Medicine and Health Sciences of physics behind the 13 Adding Colour To Academia T: 603-5514 6000 construction of buildings. At 16 Breeze Or Storm, MUFY E: [email protected] the same time, he will be able Graduates Shine Again med.monash.edu.my to use his ideas to create 17 Starting The Year With Sunway International School structures that excel practically A Great Celebration T: 603-7491 8070 and design-wise.
  • Integrating DES Into Urban Planning

    Integrating DES Into Urban Planning

    GOVERNMENT OF MALAYSIA District Energy Systems Webinar Series 2020-2021: Policy Development: Integrating DES Into Urban Planning BY: KAMISAH MOHD GHAZALI SENIOR VICE PRESIDENT, RESILIENT ENVIRONMENT GOVERNMENT OF MALAYSIA OBJECTIVE This webinar presents the fundamentals of policy development in DES planning, including: • The importance of integrating DES in urban planning process • Key steps of policy development to integrate DES in urban planning • Best case practices, strengths and limitations • Lessons learned & recommendations PRIME MINISTER’S DEPARTMENT ISKANDAR MALAYSIA • Iskandar Malaysia is located in the main • Iskandar Regional Development Authority southern development corridor in Johor. (IRDA) is a Malaysian Federal Government • Total area: 2,217 sq km (12% of Johor State); 3 statutory body tasked with the objective of times the size of Singapore. regulating and driving various stakeholders in • Iskandar Malaysia covers FIVE Local both public and private sector towards realizing Authorities the vision of developing Iskandar Malaysia into a strong and sustainable metropolis of international standing. • IRDA’s statutory powers and functions are designed to achieve the above objective with core functions to plan, promote and facilitate developments in Iskandar Malaysia, MPKU MBJB MBPG MBIP MDP 3 LOW CARBON SOCIETY BLUEPRINT PRIME MINISTER’S DEPARTMENT FOR ISKANDAR MALAYSIA 2025 On 17 Dec 2009, Malaysian 6th At COP 21 Paris – The At COP 19 Doha – Iskandar Malaysia Prime Minister committed to a commitment is renewed to a launched Low Carbon Society voluntary reduction of up-to-40% in reduction of up to 45% in Blueprint for Iskandar Malaysia terms of emission intensity of GDP terms of emission intensity of 2025. The Blueprint was subsequently by the year 2020 compared to GDP by 2030 compared to 2005 endorsed by the Prime Minister of 2005 levels.
  • Annual Review 2014

    Annual Review 2014

    Annual Review 2014 www.monash.edu.my Foreword Likewise, our research profile continues to improve. On the Malaysian Research Assessment (MyRA), based on the unaudited score, the campus is expected to maintain a 4-star rating in 2014. Supporting research capacity building, the campus further enhanced its research infrastructure, with the opening this year of new world-class laboratories for medicine, engineering, science and pharmacy, along with extensive investment in additional research equipment. Our seven schools continued to achieve outstanding results in 2014. Engineering introduced its civil engineering program, completing the full suite of engineering disciplines at Monash Malaysia. Science continued to build its genomics research platform, opening up this facility to new industry contacts. Pharmacy obtained full accreditation for its undergraduate program and was established as a new school. The School of Business, as part of the wider Faculty of Business & Economics, received AACSB accreditation, along with AMBA accreditation for its new MBA program. Medicine opened its world class anatomy laboratory, complete with new Smart Tables providing the latest learning technologies. Information Technology facilitated the country’s first Intelligent Medicine Symposium in collaboration with Institut Jantung Negara (National Heart Since the establishment of Monash University Malaysia Institute) and Agensi Inovasi Malaysia (National Innovation sixteen years ago, the campus has evolved into Agency Malaysia). Arts & Social Sciences established a fully-fledged comprehensive private university with over the new General Studies program, successfully integrating it 6,700 students from 70 different countries. Students receive into the campus. an outstanding Australian university education at Monash Malaysia, which prepares them to become global citizens External engagement continues to be a major focus for and future leaders in their chosen careers.
  • Up-And-Coming Attractions the Klang Valley Is Home to Some of the Largest Shopping Malls in the World and Is a Shopper's Haven

    Up-And-Coming Attractions the Klang Valley Is Home to Some of the Largest Shopping Malls in the World and Is a Shopper's Haven

    ON THE COVER NEW MALL RISING Up-and-Coming Attractions The Klang Valley Is home to some of the largest shopping malls In the world and Is a shopper's haven. Malaysia Retailertak.es a closer look at what some of the newly opened malls have to offer and also how the stalwart malls are coping with new competition. By Tan Thiam Hock & Samuel Ngeow t has been said that shopping is Malaysians' favourite pastime. Newly Completed Retail Malls In 2014 IJudging from the bustling crowds at the popular malls here and the sheer numbers and sizes of the malls in the country (some of NAME LOCATION COMPLETION NLA (sqft) the largest in the world), the phrase does bear some truth. From the Main Place USJ 21 USJ, Subang Jaya 1Q2014 237,000 most luxurious designer labels such as Louis Vuitton and Chanel to the more affordable local brands like Padini and F.O.S, there's Encorp Strand Mall Kota Damansara 1Q2014 308,800 something for everyone when they are shopping here. With the Jaya Shopping Centre Sec 14, Petaling Jaya 1Q2014 300,000 impending entries of many new malls and the ongoing expansion Nu Sentral KL Sentral 2Q 2014 651,800 of retail spaces for the existing ones, the locals are spoilt for choice D'Puize Cyberjaya 3Q 2014 240,000 when it comes to their preferred weekend activity. Quill City Mall Jalan Sultan Ismail 4Q 2014 770,000 OVERVIEW OF THE RETAIL INDUSTRY IOI City Mall Putrajaya 4Q 2014 1,350,000 Tan Sri Datuk Eddy Chen Lok Loi, Source: WTWResearch President of Malaysia Shopping Malls Retail Developments Scheduled for Completion in 2015 Association (PPK Malaysia) says, "Generally, the mall industry is doing NAME NLA (sqft) well, given the rising population and Sunway Putra Mall 620,000 thelarger consumer base.
  • A Good Night for the Graduating Class of Monash

    A Good Night for the Graduating Class of Monash

    CONTENTS SOCIAL REPORT The Sunway Education Group DOING SMALL THINGS WITH GREAT LOVE Sunway College No. 2, Jalan Universiti Bandar Sunway 47500 Selangor Darul Ehsan Malaysia T: 603-5638 7176 E: [email protected] sunway.edu.my/college Sunway University T: 603-7491 8622 E: [email protected] sunway.edu.my/university Monash University Malaysia T: 603-5514 6000 E: [email protected] monash.edu.my Jeffrey Cheah School of Medicine and Health Sciences T: 603-5514 6000 03 Doing Small Things with Great Love E: [email protected] med.monash.edu.my MOVERS & SHAKERS 2 Top in Malaysia and 23 Top in the World Awards for June 2016 Exams Sunway International School 04 T: 603-7491 8070 07 Gaining Insights Through Entrepreneurship and Career Bootcamp E: [email protected] sis.sunway.edu.my 12 AUSMAT Superheroes Tribute & I-Care Day Stimulating Intellectual Discussion at the Economic and Leadership Forum Sunway College Johor Bahru 14 T: 607-359 6880 E: [email protected] Chow Jun Kit, Sharifah Azlinah, Yap Yee Ting, Yap Wye Keat and Muhammad Ali 17 Mobile App Idea for Loyalty Card Wins the Nurture Business Challenge Imran Ya´akub at their pre-loved books booth sunway.edu.my/jb Students and lecturers preparing food 18 Harvard Prize Book Award Winners Share Their Stories 19 A Good Night for the Graduating Class of Monash University Sunway College Ipoh For six hours on a Thursday afternoon in September, the T: 605-545 4398 Energy Hub was home to all things Australian at the MUFY Foundation Year E: [email protected] sunway.edu.my/ipoh (Monash University Foundation Year) Sharity Carnival.
  • Malaysia Branch Quarterly Newsletter

    Malaysia Branch Quarterly Newsletter

    Dear Fellow Members, MALAYSIA BRANCH In partnership with IMechE Univerisiti Tenaga Nasional (UNITEN) Student Chapter (SC), we hosted the prestigious IMechE Leadership QUARTERLY Conference 2019 (ILC 2019) at Sunway University, Bandar Sunway, Subang Jaya, Selangor. Thanks to IMechE UNITEN SC for the great NEWSLETTER effort, making it a very successful event. October 2019 Diwali will be celebrated in October. We wish all our Hindu members Happy Diwali. Malaysia Branch We will hold our annual dinner in December. We are looking forward to seeing you. Ir. C.C. Chow Past Events The speakers were able to share insightful ideas and experiences from their professional experience to help 1.0 IMechE Leadership Conference 2019 and inspire the young leaders. They all shared their On 17 August 2019, IMechE Malaysia in partnership stories on how they built something from nothing, and with IMechE UNITEN SC hosted the prestigious how they became who they are today. IMechE Leadership Conference 2019 (ILC 2019) at Sunway University, Bandar Sunway, Subang Jaya. An overwhelming attendance to the ILC 2019 The conference attracted young leaders from all Tan Sri Jeffrey Cheah speaks to the audience across Malaysia and renown keynote speakers, including Tan Sri Jeffrey Cheah AO, Chairman of The pinnacle of the event was the prime keynote Sunway Group and Founding trustee of the Jeffrey speech, where Tan Sri Dr Jeffrey Cheah shared his Cheah Foundation as the prime keynote speaker. vision and his life’s work, Sunway Group. Tan Sri explained how he wishes to educate the youth to bring Other notable speakers were: out the best in themselves.
  • VOICES of CHANGE Efforts to Improve the Planet

    VOICES of CHANGE Efforts to Improve the Planet

    BERITA KDNPP 5365/10/2012 (031031) ISSUE 57 | SEP - DEC 2016 VOICES OF CHANGE Efforts to improve the planet Creating Sowing into a Best in Voices to light up The Harvard sustainable greener future healthcare the dark perspective properties tourism CONTENTS ISSUE 57 | SEP - DEC 2016 FROM THE SENIOR MANAGEMENT’S DESK 3 FROM THE SENIOR IN DEVELOPMENT 16 Voices to Light up the Dark 22 Acapella group Harvard MANAGEMENT’S Expanding Connectivity Krokodiloes lend their voices DESK 14 Sunway Construction to raise awareness and funds awarded RM1.21 billion MRT for the blind SSP line viaduct project contract Pack Meals, Stop Hunger HAPPENINGS 24 Sunway City Ipoh volunteers SUNWAY, 15 team up to combat hunger Sowing into a Greener Future among the Orang Asli 4 Fun, green initiatives at community Sunway Property’s World THE EMPLOYER Environment Day campaign Community Effort to Care for Public Parks Winning Prose 26 Sunway Property launches OF CHOICE 6 Twenty-six students awarded neighbourhood initiative to at the 3rd Sunway-Oxbridge upkeep newly renovated park Essay Competition Sunway Group, with 12 established business FEATURES 24 divisions and a 14,000-strong workforce Discovering Their Potential 7 How Outward Bound School More Machinery, Stronger Sales across 50 locations worldwide, has a diverse helped underperforming SMK and Service Support workplace culture underscored by a healthy mix Bandar Sunway students 20 CASE Construction appoints Sunway Enterprise as of employees who continue to bring remarkable Best in Healthcare Tourism authorised full-line dealer resourcefulness, innovation, reinvention and 9 Sunway Medical Centre wins New Gem in Mont Kiara Ghostbusters Fun at Sunway digital “savviness” amongst other qualities.
  • Walking the Talk on Sustainability

    Walking the Talk on Sustainability

    2 CSR THE STAR, TUESDAY 18 DECEMBER 2018 Walking the talk on sustainability SINCE aligning itself with the 17 Raising the new generation United Nations Sustainable Development Goals (UNSDGs), Based on Dr Cheah's firm Sunway has been a strong convictions, it is only natural for advocate of the cause, much of Sun way's operational implementing supportive steps focus to be deeply rooted in across all its projects in Malaysia. Goal4 of the UNSDGs- quality Sun way Group founder and education- through the Jeffrey chairman Tan Sri Dr Jeffrey Cheah Cheah Foundation (JCF). recognises the hardship that Sunway is committed to comes with the lack of quality ensuring inclusive, equitable and education and hazards that quality education, as well as present themselves when the promoting lifelong learning environment is not cared for. opportunities for all, particularly He shared his views at a UBS among those in need. conference in Singapore in May, Since 2005, Sun way has saying, "My views on sustainability disbursed more than RM400mil in were shaped by my formative the form of scholarships and grants years growing up in Pusing - a through the JCF, which is owned small town in Perak. I witnessed at and governed by a distinguished first hand the impact of poverty on board of trustees, with Sultan families and how it closed off Sharafuddin Idris Shah of Selangor avenues for advancement, as its royal patron. particularly in education, for "I have always believed that Women, Family and Community Development deputy minister Hannah Yeah (eighth from left) and Tan Sri Dr Jeffrey them.