Established in 1974 and listed on Bursa Malaysia as Sungei Way Holdings Berhad in 1984, Sunway Berhad is widely known as a success story for its transformation from a humble tin mining enterprise to become one of Malaysia’s largest conglomerates with 10 key business divisions that operate across 50 locations worldwide. The group’s core interests are focused on real estate, construction, education, healthcare, retail, and hospitality.
The conglomerate’s three public-listed companies — Sunway Berhad, Sunway Construction Group (SunCon), and Sunway REIT — with a combined market capitalization of RM16.5 billion, allows it to effectively execute its ‘Build, Own, Operate’ business model. The process typically begins with landbanking and master-planning, followed by design and construction, marketing and sales, property management and, lastly, capital recycling via Sunway REIT upon the maturity of properties.
Here are 12 things I learned from the 2019 Sunway AGM:
1. Group revenue grew 3.3% year-on-year (YoY)