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KLSE: SUNWAY       SUNWAY BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
4.40 4.24     -0.16 (3.64%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
08/09/2017 4.42 5.16 +0.74 (16.74%) BUY HLG Price Target News
05/09/2017 4.35 5.04 +0.69 (15.86%) BUY HLG Price Target News
30/08/2017 4.35 4.26 -0.09 (2.07%) HOLD MIDF Price Target News
30/08/2017 4.35 5.16 +0.81 (18.62%) BUY HLG Price Target News
17/08/2017 4.15 4.26 +0.11 (2.65%) HOLD MIDF Price Target News
17/08/2017 4.15 5.14 +0.99 (23.86%) BUY HLG Price Target News
07/08/2017 4.34 4.38 +0.04 (0.92%) HOLD UOBKayHian Price Target News
04/08/2017 4.29 4.25 -0.04 (0.93%) HOLD MIDF Price Target News
04/08/2017 4.29 4.25 -0.04 (0.93%) HOLD KENANGA Price Target News
04/08/2017 4.29 5.14 +0.85 (19.81%) BUY HLG Price Target News
02/08/2017 4.36 4.25 -0.11 (2.52%) HOLD MIDF Price Target News
02/08/2017 4.36 4.22 -0.14 (3.21%) HOLD KENANGA Price Target News
02/08/2017 4.36 5.07 +0.71 (16.28%) BUY HLG Price Target News
31/07/2017 4.26 5.04 +0.78 (18.31%) BUY HLG Price Target News
25/07/2017 4.19 5.04 +0.85 (20.29%) BUY HLG Price Target News
14/07/2017 3.93 3.82 -0.11 (2.80%) HOLD MIDF Price Target News
14/07/2017 3.93 3.87 -0.06 (1.53%) HOLD KENANGA Price Target News
15/06/2017 3.73 3.64 -0.09 (2.41%) HOLD MIDF Price Target News
15/06/2017 3.90 4.03 +0.13 (3.33%) HOLD MAYBANK Price Target News
15/06/2017 3.90 3.87 -0.03 (0.77%) HOLD KENANGA Price Target News
15/06/2017 3.73 4.97 +1.24 (33.24%) BUY HLG Price Target News
15/06/2017 3.90 3.81 -0.09 (2.31%) BUY AMMB Price Target News
15/06/2017 3.90 4.22 +0.32 (8.21%) BUY Affin Hwang Capital Price Target News
30/05/2017 3.58 3.93 +0.35 (9.78%) BUY UOBKayHian Price Target News
30/05/2017 3.58 3.46 -0.12 (3.35%) HOLD MIDF Price Target News
30/05/2017 3.58 3.45 -0.13 (3.63%) HOLD MAYBANK Price Target News
30/05/2017 3.58 3.50 -0.08 (2.23%) HOLD KENANGA Price Target News
30/05/2017 3.58 3.81 +0.23 (6.42%) BUY AMMB Price Target News
29/05/2017 3.59 3.90 +0.31 (8.64%) BUY Affin Hwang Capital Price Target News
06/04/2017 3.28 3.26 -0.02 (0.61%) HOLD MAYBANK Price Target News


Price Target Research Article/News (past 6 months)
08/09/2017  HLG Sunway - Going Ex on 27 Sep 2017
05/09/2017  HLG Sunway - Land Acquisition at Jalan Belfield
30/08/2017  MIDF Sunway - Earnings Driven By Property Investment Division
30/08/2017  HLG Sunway - 1H17 in Line; Higher Dividend Declared
17/08/2017  MIDF Sunway - Fifth Landbanking For The Year
17/08/2017  HLG Sunway - Landbanking: One After Another
07/08/2017  UOBKayHian Sunway: Potential Positive Factors Priced In
04/08/2017  MIDF Sunway - Disposing Sunway Clio To Sunway REIT
04/08/2017  KENANGA Sunway - More Disposals at Hand?
04/08/2017  HLG Sunway - Asset Unlocking Via Disposal of Property
02/08/2017  MIDF Sunway - Acquires Lands In Kajang And USJ 1
02/08/2017  KENANGA Sunway - Out with a Shopping Bag!
02/08/2017  HLG Sunway - Gaining Pace in Expanding Landbank
31/07/2017  HLG Sunway - Attractive Warrant With Step-down Mechanism
25/07/2017  HLG Sunway - Fast Turnaround in Approval Process
14/07/2017  MIDF Sunway - Acquires Land In Jalan Belfield
14/07/2017  KENANGA SUNWAY - Replenishes in Landbank in KL…
15/06/2017  MIDF Sunway - Bonus Issue Of Shares And Warrants
15/06/2017  MAYBANK Sunway - An all rounder
15/06/2017  KENANGA Sunway Berhad - Shaping a Sustainable Future
15/06/2017  HLG Sunway - Re-rating a conglomerate
15/06/2017  AMMB Sunway - Proposed bonus issue seen positive
15/06/2017  Affin Hwang Capital Company Note – Sunway (BUY, maintain)
30/05/2017  UOBKayHian Sunway: 1Q17: Expect A Strong 2H17
30/05/2017  MIDF Sunway - Earnings On Track
30/05/2017  MAYBANK Sunway - Earnings to Pick Up in 2H
30/05/2017  KENANGA Sunway - Pending for Launch?
30/05/2017  AMMB Sunway - Anchored by recurring income segments
29/05/2017  Affin Hwang Capital Sunway (BUY, maintain) - Weak property segment
06/04/2017  MAYBANK Sunway - Construction Outshines Property



  7 people like this.
 
ChloeTai The exercise price of RM1.86 per Warrant will be effective for a period of one year from the date of issuance of the Warrants. Subsequently, the exercise price is subject to a fixed annual step-down of RM0.07 on each of the anniversary dates from the date of first issuance of the Warrants.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5538525
07/09/2017 19:19
ChloeTai Assuming an investor owns 30 SUNWAY shares and the closing price is RM4.40.

With 30 shares, he will get 40 new shares, i.e. a total of 70 shares. At the same time, he will get 9 WA. Hence, the adjusted price will be = (30 X 4.40 + 9 X 1.86)/(70 + 9) = RM1.89.

With this, the WA will be = RM1.89 - RM1.86 = RM0.03. Believe me, it will hit limit up twice in two days of trading, just like what happened to DAIBOCHI-WB. After that, on the third day, add (buy) some WA at around RM0.63 as I believe it will go up to RM0.80, just like DAIBOCHI-WB before it consolidates.
07/09/2017 19:37
ChloeTai Compared to ordinary free warrants, we opine that Sunway’s free warrants are attractive as the first-of-its-kind fixed annual step-down mechanism of RM0.07 will enhance the value of warrants.
For ordinary warrants, a dividend entitlement on the underlying mother share would reduce the value of the warrants. However, with the step-down mechanism (which is akin to a fixed adjustment of dividend payment to underlying), the value of warrant would be unaffected (if the quantum of step-down is equal to the dividend).
This could further enhance valuation of the warrants.

https://klse.i3investor.com/blogs/hleresearch/128840.jsp
07/09/2017 19:47
LA777 Chloe Tai, thanks for sharing.
07/09/2017 20:58
Vizhai To ChloeTai, if i buy 15 Sunway Shares, i will get 4.5 WA.
How to calculate 4.5WA?
07/09/2017 22:27
ChloeTai @ Vizhai, we have to make it multiples of 3000 shares to avoid odd lots. For 3000 shares, we are entitled 4000 bonus shares and 900 WA. If not, you can hardly sell.
07/09/2017 23:18
Nurhaizura Hasan May I know what happens to the market price of shares when bonus shares are issued?
07/09/2017 23:43
ChloeTai @ Nurhaizura Hasan: Assuming an investor owns 30 SUNWAY shares and the closing price is RM4.40.

With 30 shares, he will get 40 new shares, i.e. a total of 70 shares. At the same time, he will get 9 WA. Hence, the adjusted price will be = (30 X 4.40 + 9 X 1.86)/(70 + 9) = RM1.89.

If the closing price of the mother share on 26/9/2017 is RM4.50, then the adjusted price will be = (30 X 4.50 + 9 X 1.86)/(70 + 9) = RM1.92.
08/09/2017 00:18
Nurhaizura Hasan @chloeTai : thank you for the respond. if currently I owns 9k shares then I will get 12k bonus and 2,700 WA? If I sell my share before the bonus date then I won't be entitle anymore. If I need to sell my share asap with ranging of RM4.20, should I do it now or wait till 29 September? Will it be difficult to sell at current price after the bonus?
08/09/2017 01:24
ChloeTai @ Nurhaizura Hasan: My advise is to to trust SUNWAY (its great name) and go through the bonus issues and free warrants process.
08/09/2017 08:17
mbsong stop awhile at 4.46...please break more
08/09/2017 09:18
ChloeTai https://klse.i3investor.com/blogs/hleresearch/131751.jsp
08/09/2017 11:12
martinbartesque highest today is 4.52. closed at 4.45 is considered ok. Strong buy at last 20min.
08/09/2017 17:09
darkstar Good company for long term investment. Sit back and relax for the managing team to perform!
08/09/2017 17:38
ChloeTai http://www.bursamalaysia.com/market/listed-companies/company-announcements/5540301

1st interim dividend of 3 sen: ex-date is 13 Oct 2017
11/09/2017 17:24
darkstar All right, that's the amount to be given after bonus issue
11/09/2017 22:29
susuan So, it means if I have 30 Sunway shares, after bonus issue will be 70 shares. The dividend of 3 sen is based on the 70 shares? ie. RM2100?
12/09/2017 10:58
jhxt1234 susuan, the calculation is correct.
12/09/2017 12:44
Kays So base on current price can say that div is actually 0.04
12/09/2017 14:30
ChloeTai @ Kays: Based on current price, the dividend is actually 7 sen per share. After bonus issues ex-date, the dividend is adjusted to 3/7 X 7 sen = 3 sen.
12/09/2017 15:20
Kays Oh, forgot to add the original 3sen, 4+3 = 7sen. Thanks Chloe ; )
12/09/2017 17:26
susuan Thanks jhxt1234
12/09/2017 20:26
TillyLovers Is that possible to hit RM5.00 before the split? Thanks ya
13/09/2017 11:01
Teh Kieat Keoi Not easy to achieve RM5.00 since there a big resistance at RM4.50.
13/09/2017 12:26
TillyLovers Should we hold Sunway after split?
13/09/2017 13:12
Teh Kieat Keoi I think Sunway can keep for long term, since the dividend min 3.xx%, will launch many property projects in 2018, prospect Sunway hospital to be listed in 5 years, attactive warrant with step down mechanism 7 sen every year.
13/09/2017 15:06
Oretama Its possible it will become like PTRANS. Profit from mother & warrant. Huat r
14/09/2017 14:19
Teh Kieat Keoi Sunway looks cannot breakout the resistance. Many seller are impatient queueing to sell.
14/09/2017 14:54
ChloeTai Looks like the exercise of ESOS - 12,370,000 shares at 2.480 is a real threat. Let's say today, the market has absorbed 32769,00 shares. Still got 9,093,100 to be absorbed. Looking not too good for the time being.
14/09/2017 19:29
Teh Kieat Keoi Seems no big kaki push the price up.
15/09/2017 10:07
Kays Wow, Suncon got another big project !
15/09/2017 11:12
TCH huhu, last minute gap up
15/09/2017 16:51
Teh Kieat Keoi Finally break through the resistance, cheers!
15/09/2017 16:52
martinbartesque Jumped from 4.44 to 4.57 in last 10min :)
15/09/2017 16:55
martinbartesque Really anything can happen in share market. Let see this gap up price can sustain in next Monday.
15/09/2017 16:59
hakubasnow Crap wanted to but at 4.43 just now, already got 10,000 wanted to buy 2000 more
15/09/2017 16:59
Kays Wah~~Chloe, is that you sapu all ! lol
15/09/2017 16:59
ChloeTai Still got 9,093,100 - 25924,00 = 6,500,700 ESOS shares to be absorbed.
15/09/2017 17:02
jhxt1234 Few market days to go before the ex-date.Good luck to everybody!
15/09/2017 17:09
ChloeTai @Kays: Nolah, I have 90,000 shares at RM4.15 bought on 24 July 2017.
15/09/2017 17:11
Teh Kieat Keoi After sapu the rest ESOS 6,500,700 units, Sunway easy to fly
15/09/2017 17:31
mbsong Spend more before ex date
15/09/2017 18:28
ChloeTai Charlie Munger quotes:

"The big money is not made in the buying and the selling, but in the waiting"

Wait for 6 more market days for the bonus issues, after which another 11 days for the free warrants and after which another one more day for the dividends.
18/09/2017 16:32
Teh Kieat Keoi Sunway price no more ohm since the date of bonus & warrant is announced.
19/09/2017 14:13
ChloeTai I have waited so long. Sell now also meaningless. I better bite the bullet and go through the bonus issues, free warrants and dividends.
19/09/2017 17:02
karhongkhit im waiting to buy in at 4.38. Confident that after price adjustment after ex-date, it will go back up really fast
19/09/2017 17:08
necro market already factored the bonus issue,currently retail were disposing the share while Jef & fund supporting the price...
for those chase high cut loss fast2, later ex date more sell force coming,and your will see loss become huge!!!
19/09/2017 17:11
henghuat888 Slowly collecting it
19/09/2017 17:38
karhongkhit means not advise to buy in before ex-date?
19/09/2017 17:38
WarrenColdeye Epf disposing to invest in USA?
19/09/2017 20:23


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