|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Sunway is a Malaysian property-construction corporation with business divisions in property, construction, hospitality, retail, leisure, commercial, trading and manufacturing, building materials, quarrying, healthcare, education, and a real estate investment trust. The property division develops residential and nonresidential properties including retail, healthcare, hospitality, leisure, and commercial assets. The construction division is involved in civil engineering, industrial building systems, geotechnical solutions, machinery, and logistics. The retail division owns and manages shopping malls. The hospitality division operates hotels and resorts in Malaysia, Cambodia, and Vietnam. The leisure division operates theme park attractions such as Sunway Lagoon in Bandar Sunway.
  InvestNotGamble It is shown in the proposal, convert in 5 years, and no conversion rate, but u have to buy it at rm1 now and keep it for 5 years haha. 27/08/2020 2:33 PM invest icon If ICPS approve in coming EGM, Sunway WB will get some bonus and conversion price reduce to 1.32 after Oct 2023 due to capital enlarge. Take a look at Sunway WB 27/08/2020 3:19 PM InvestNotGamble 1.41 NOW!!! See why I keep try hard to recommend sunway few days ago? I hope we all can earn some SAFE & BIG money from sunway through this reputable company! The price is still very cheap now 1.41. Sure can hit 1.5 very soon. Sapu while you can yea. 27/08/2020 4:16 PM InvestNotGamble @makelittlemoney Bro i'm pure investor studying fundamental and analyzing on facts, i'm not insider I dont know their financial performance in advance. It is still a risk before the quarter report is out, now that the quarter report is out all worries are gone. Now can sapu! 27/08/2020 4:37 PM ali baba Would the ICPS plan works like this? #1 - Dividend Year1 = 5.25% Year2 = 5.25% Year3 = 5.25% Year4 = 5.25% (mandatory conversion on the 1st 50%) Year5 = 5.25% (mandatory conversion on the balance 50%) #2 - And to convert, is there any fee to pay like 'Exercise Price'? 28/08/2020 1:17 PM InvestNotGamble @ali baba No exercise price. Because you have to pay a RM1 in advance already for it. 28/08/2020 1:49 PM invest icon @Ali Baba, Conversion to Sunway is either 1:1 or 20% discount from Sunway price during fixing period, which ever is lower. Means, minimum 1 ICPS can convert to 1 Sunway share or more 28/08/2020 3:06 PM ali baba Many thanks InvestNotGamble and invest icon. Cannot imagine that Sunway at year 2025 will still priced at RM1.00 and without any bonus share / share split exercise from now until then. A few more questions. #3 - These ICPS units, Are they trade-able the moment the units are issued? #4 - If one has 1,000 units of Sunway, he / she will be entitled 200 units and this sure allotted right? Or we must wait for balloting? #5 - With ICPS unit priced at RM1.00 and with dividend 5.25% per annum, Can i assume the following:- 1,000 units of ICPS at RM1.00 yr1 dividend receipt = RM 52.5 yr2 dividend receipt = RM 52.5 yr3 dividend receipt = RM 52.5 yr4 dividend receipt = RM 26.25 (only 50% because 50% of units will be converted to Sunway) yr5 dividend receipt = RM 26.25 (only 50% because 50% of units will be converted to Sunway) total dividend then is = RM 210. Hence, the capital outlay for the ICPS is RM1,000 - RM210 = RM 790 (for 1,000units) Is this understanding correct? 28/08/2020 3:54 PM InvestNotGamble no la u cannot count like that, 1000 u put FD in bank also will have interest. They ask money from u and lock down the fund, let them use for 5 years, of course need pay u interest. Yes the preferential share can be traded in market like warrant if i'm not wrong. So if sunway price go up, u can sell for profit also instead of holding for 5 years. 28/08/2020 4:23 PM InvestNotGamble If the proposed ICPS is rejected by the board, then share price will go up because last time after announcement a lot ppl scare dilution then throw sunway share, current share price already factorted in. If ICPS success, the price will go up also, because a lot of big player and permanent sunway stakeholders won't want to lose out this chance and face dilution. Conclusion, SAPU SUNWAY WHILE YOU CAN LA!!! 28/08/2020 4:25 PM invest icon @Ali Baba, ICPS will be listed for trade. Theorytically price quote will be not far from Sunway since is min 1:1 conversion. 1 ICPS right to subscribe is free for every 5 shares and you can sell it if you do not wish to subscribe before the expiry date. If you have 1000 units of ICPS, you are entitled to RM52.5 every year but paying out can be delay and accumulate if the management feels that is necessary. Buy delaying is very rare will affects Sunway's credit rating. 28/08/2020 4:38 PM invest icon @InvestNotGamble I see you really hard sell Sunway. But I like it cause it is truly good fundamental and potential company 28/08/2020 4:42 PM invest icon Don't forget to take a look at Sunway WB, If ICPS is approve, Conversion price will reduce to RM1.32 from Oct 2023 onwards and very likely will get about 8-10% free Warrant due to enlarge capital. 28/08/2020 4:46 PM Kendo Ken Hz Sunway has medical centers, but share prices is peanut, why , zero benefit from covid 28/08/2020 5:25 PM InvestNotGamble @invest icon yea i hard sell because i feel Sunway wasted at this price level. And all the things i say here is based on fact. Like you said, Sunway is really good fundamental and potential company at this price level is just unreasonable. @Kendo Ken Hz sunway medical occupancy rate is <20% during mco, that's why lost making, but after June already improve to > 65% occupancy rate. Which is really good. So next quarter will see good profit by Sunway. That's why the share price is rising after the quarter report come out shows that Sunway is not really affected as expected by Covid. More income is coming in from property sector after project completion at china and UK. A lot of ppl mistaken sunway for hotels and malls, their main income is actually from various diversified sectors including property, quarrying and building materials. 28/08/2020 9:26 PM MadameTan I joined the party since 1.6 and I started small but gradually increase my purchase when the price falling until 1.30. Now my Sunway counter PnL is positive. Looking forward to a positive outcome general meeting tomorrow and embrace towards a higher TP. 01/09/2020 8:43 PM ali baba With the ICPS, will Sunway still issue dividend? It is counter productive right? 02/09/2020 12:34 PM invest icon Sunway dividend policy is minimum 20% from its core business PATMI. That means they will still pay out dividend 02/09/2020 3:56 PM AlfI3 Eventhough AGM approved, it will take long time more to get d ex-date of the icps RI. Will tat possibly d mgmt decides to abort due to improved biz condi tat can eliminate dem frm cash call exercises? 03/09/2020 7:48 AM tankoksiong 从采矿与采石业起家的双威（SUNWAY,5211,主板工业产品服务组），如今已发展为大马其中一家业务多元化的财团，组合投资与业务存在协同作用，自2011年成功合并双威城与双威控股后，集团盈利处于上升轨道，通过策略性决策，继续严谨落实营运计划。 在已结束财政年，集团营业额从前期的54亿1016万令吉，减至47亿8027万令吉，虽然减少11.6%，不过归股东盈利增加18.9%。集团36%税后盈利来自产业发展与建筑组，其他组别，包括产业投资与产业信托、休闲业务、医药保健、贸易与制造业、采石业、建筑材料与投资控股，占64%。 以地区分布来说，双威税后盈利主要来自大马，接下来是中国，为集团第二大盈利贡献市场。基于集团盈利表现不俗，董事部宣布分发每股9.07仙股息，比2018年的7.12仙高。 2019财政年，集团在3个国家增购35英亩的土地，第一在新加坡的6.16英亩9年租赁地皮；在大马的土地收购集中在巴生河流域，2019年7至10月份别收购3块土地，即：位于哥打白沙罗的9.45英亩租赁地、位于珍珠武吉加里尔的11.77英亩永久契约地、位于旺沙玛朱的3.69英亩永久契约地。 双威已在中国天津完成双威花园第一和第二期计划，集团2019年9月13日以2亿5780万令吉，收购一块6.86英亩土地，土地总面积增至3347英亩，为期15年的计划，估计发展总值高达586亿令吉。 至于产业投资组，集团把双威大学与双威学院的土地和大厦脱售给旗下产业投资信托，并将投资收入转向其他领域。 此外，集团非产业相关业务，2019财政年继续成长，其中医药保健领域的“双威伟乐医药中心”，2019年9月开始营运，在12层的医院大楼，提供多边医药服务，这是集团医药保健扩充计划的重大里程碑，为集团综合产业发展计划的第三间医院。 采石组新成长支柱 与此同时，集团建筑组已成功移交布城计划的设计与建筑，这项计划是政府其中一项最大的办公大厦。除此之外，双威的采石组已逐渐成为集团新的成长支柱，包括以7010万令吉收购Blacktop工业公司的100%股权、以1亿2500万令吉收购Dolomite Granite Quarry公司，不过交易尚待完成。 放眼未来，集团将继续融入科技，为转型21世纪“永续智能城”的模式努力，集团也在怡保双威城、依斯干达双威城，复制同样的模式，期待在大马各地以智能科技，建立永续特色城镇与社区。 03/09/2020 9:16 PM Investor 999 有消息指出，产业大亨丹斯里谢富年掌控的双威（SUNWAY，5211，主板工业股），有意脱售医院业务20至25%股权部署上市，并已委任马银行（MAYBANK，1155，主板金融股）主理。 彭博社引述消息人士报道，交易估值至少达2亿5000万美元（约10亿3600万令吉）。 据了解，双威将会发售新股和脱售现有股权，并且已与潜在买家接洽。 消息人士也透露，售股所得将用来扩充医院，预计最快会在下个月达成无约束协议。 03/09/2020 9:34 PM invest icon Sunway Bhd (5211) – Healthcare re-rating? Sunway could see some upside if research houses start raising the valuation of its healthcare business. Bloomberg reported today that Sunway is looking to sell a 20-25% stake in its healthcare unit that could fetch at least USD250 mil. That means: If a 20% stake is worth USD250 mil, 100% stake is worth USD1.25 bil. If a 25% stake is worth USD250 mil, 100% stake is worth USD1 bil. USD1 bil is about RM4.15 bil. That is much higher than the valuations given by some research houses, such as: Kenanga IB: RM1,788 mil Hong Leong IB: RM1,734 mil Affin Hwang IB: RM1,800 mil UOB Kay Hian: RM1,250 mil Among the four above, Affin Hwang gave the highest valuation of RM1.8 bil. However, using that USD1 bil (RM4.15 bil) valuation, that’s still a surplus of RM2.35 bil or 42 sen per share (based on fully diluted no. of shares). 42 sen is equivalent to 30% of Sunway’s share price of RM1.40. 04/09/2020 9:15 AM  dollardollarbill https://klse.i3investor.com/blogs/dollardollarbill/2020-09-03-story-h1513316114-Sunway_Bhd_5211_Healthcare_re_rating_bill.jsp 04/09/2020 9:45 AM dollardollarbill http://www.hlib.hongleong.com.my/Published/Download.ashx?ArticleId=15758 04/09/2020 9:50 AM InvestNotGamble https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3085515 Sunway healthcare unit stake sales confirmed. Time for Sunway to fly!!! Crazy value unlocked even before IPO of their medical line. 04/09/2020 12:53 PM Valgrovest https://www.theedgemarkets.com/article/sunways-healthcare-unit-divestment-plan-positive-move-%E2%80%94-hlib-research Hong Leong Investment Bank very bullish on Sunway healthcare plan .....is Sunway going to limit up soon? 04/09/2020 2:28 PM zhen wei & JP https://www.thestar.com.my/news/education/2020/09/06/the-bonds-of-friendship-oxford-and-sunway 06/09/2020 12:55 PM AlfI3 If can unlock huge value frm it's health unit, wud the RI exercise b aborted? 08/09/2020 12:10 PM InvestNotGamble RI Exercise is good for long term growth including reducing debt ratio and also funding medical line expansion. Why abort? and the drop in share value already reflected when they first announce the RI. 08/09/2020 1:33 PM InvestNotGamble Wow, all directors and major shareholders of sunway diam diam collect sunway shares. Shoot up soon! 11/09/2020 11:37 AM hotdip this counter look like about to bullish with positive review from investment banks & Big Fish started to collect shares quietly. 15/09/2020 3:07 PM InvestNotGamble @hotdip you're right, the biggest fish (Jeffrey Cheah's family) and EPF been absorbing sunway's share for almost 3 weeks. This counter gonna fly sky high starting today as it breaks 1.43 resistant level. TP RM1.95 is confirmed. I'm aiming profit taking at RM2.5 as RM2.88 is the actual SOP for Sunway after evaluating 20-25% disposal of their medical line stake. 15/09/2020 7:53 PM humongainz @InvestNotGamble That's a killer whale, not a fish la bro. Won't reach TP that soon. But it'll get there. 15/09/2020 7:55 PM invest icon @wahd Some investors request ICPS is Syariah compliance. Currently proposed ICPS had submitted for Syariah approval and estimate by Nov will gets approval 23/09/2020 3:58 PM  | |
