3.2.08

SUNWAY CITY BERHAD (SUNCITY)

Sunway City Berhad has created a buzz recently about possibility of setting up The Biggest REIT in Malaysia (or in neighbouring country). Its 1Q result announced in Nov-07 showed quite significant improvement compare to last 1Q FY quarter. 2Q result to be announced on end of this month should be interesting to watch.
In terms of its share price, it might be on a med-term downtrending now. It has had a good uptrend starting from end-Nov 2006 up to the highest level on early-Oct 2007. I'll keep watching its share price development.


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