Sunway Construction Group Bhd (SunCon) has secured RM664.4 million in additional change orders for two data centre projects in Johor, lifting the total contract value to RM865.6 million.
In a Bursa Malaysia filing, SunCon said its wholly owned subsidiary, Sunway Construction Sdn Bhd (SCSB), accepted the change orders on June 17 from a US-based multinational technology company for project service requests initially awarded on April 21.
Construction works began on April 21, 2026, with one project slated for completion in the fourth quarter of 2027 and the other in the second quarter of 2028.
SunCon noted that the projects are exposed to typical construction risks, including fluctuations in material prices, but said these are expected to be managed through SCSB’s expertise and experience. The contracts are anticipated to contribute positively to the group’s earnings from 2026 onwards.
Including the latest orders, SunCon has secured RM4.2 billion worth of new jobs year-to-date, bringing its outstanding order book to RM8.8 billion.
For the first quarter ended March 31, 2026, SunCon posted a 56.4% increase in net profit to RM118.41 million from RM75.72 million a year earlier, supported by stronger contributions across its business segments.
However, quarterly revenue declined 27% to RM1.02 billion from RM1.4 billion, mainly due to lower construction contributions following accelerated progress on the Rapid Transit System Link project and several data centre projects in the previous year.
SunCon shares last traded at RM7.43, valuing the company at RM9.89 billion.
