ali babaSunway Bhd has teamed up with Tencent-backed Chinese fintech firm Linklogis Inc and Bangkok Bank PCL to also apply for a digital bank licence from BNM, Bloomberg reported quoting two sources with knowledge of the matter. Sunway will hold a majority stake in the venture, said the sources, who requested anonymity as names of the consortium members haven't been reported.
29/06/2021 11:51 PM
Peace99Digital banking is the default banking in future
30/06/2021 10:31 AM
AlfI3Got better chance to get d Fintech license as Bangkok Bank got experience tgther w tencent
01/07/2021 1:04 AM
newbie8080Any idea or new why EPF paring down stakes from 10% till now.
01/07/2021 12:35 PM
Peace99Recent major positive news should drive to 180++ soon?
01/07/2021 1:05 PM
InvestIconSunway is not a Goreng stock but is an investment grade value stock. It currently super undervalued. If you have patient. Sunway will be above RM2 in near future.
04/07/2021 10:15 AM
tannyyeGuys any idea why sunway got so much debt, what is it really investing in ah? The previous sales, got cash paid some debt but remaining was for building more hospitals right? What about the other cash? Guess EPF feels a little unsecure thats why sell abit gua, but seriously though thats a lot of debt.
04/07/2021 8:46 PM
serendipity89EPF throw like no tomorrow to raise chase for payout kot.....
05/07/2021 6:07 PM
Peace99Yes, just now checked: between 18 to 30 June, EPF disposed ~16mil shares! Bought zero. Think that's why can't go up....so once EPF stops disposing, can expect upwards movement!
05/07/2021 9:46 PM
PenangLang9180Sunway main income source is from property development and it's a capital intensive business by nature, check out other property development company like E&O and ECOWORLD.
Other than that, Sunway has been quite active for the past year. Some of it is as below I.) Sunway Carnival Expansion in Seberang Jaya, Penang (near completion)
II.) Sunway Medical Centre in Seberang Jaya, Penang (under construction)
III.) Acquisition of land near Sunway Velocity for RM 233 million.
IV.) Acquisition of land for Sunway Medical Centre in Kota Bahru, Kelantan
V.) Acquisition of Multicare Pharmacy for an undisclosed amount.
From their annoucement to sell 16% stake in Sunway Healthcare, Sunway's CEO said part of the proceed will be used to pare down the company's debt and fund its hospital expansion.
2387581@AlfI3 are you looking at the wrong share? I look at chart, 1Y uptrend, 6M uptrend, 3M also uptrend. at worse 1M is sideways around 1.70. Unless if you bought at high price right at the time when news announced for their stake sale for medical unit. This company is slow but steady, not goreng type.
InvestIconBesides Sunway, all significant shareholders for IJM are either Funds or Statutory Bodies. EPF with 16% is the largest shareholder for IJM and with 8.47% is the second largest shareholder for Sunway. EPF knows that if IJM under management of Sunway, all IJM development properties will benefits from the Sunway Brand. Sunway in other hand can benefits from IJM southern market and Highway. This is win win situation for EPF and Sunway.
12/08/2021 10:23 AM
serendipity89oh wao, investicon, u r still in Sunway.... u are really long term investor... thanks for offering your view ^^
12/08/2021 9:23 PM
InvestIconSunway is really huge potential and undervalued company. I has been investing since 2015 and will definitely holds very much longer
13/08/2021 12:20 PM
vincent cymbought a lot when 1.3 1.5, hope next week huge drop so can buy more
15/08/2021 4:37 PM
InvestIconHope to add more from panic sales next week
15/08/2021 6:19 PM
awesome20sunway merge with ijm generating bigger business scopes
AlfI3@Vinc cym & Investicon, it sounded as SERIOUS message being alerted; wonder can u share what rationales made u guys xpect huge drop & panic sales to Sunway.
InvestIcon@AlfI3, actually I don’t expect huge drop as Sunway is Super undervalued. I only hope can get around 1.65. But you never know sometimes got ‘Durian Runtuh’….
16/08/2021 1:56 PM
AlfI3Oh, meaning was purely based on your personal speculations. Thought u hav some insider news to b shared out to alert us here
serendipity89on 24th sept why got ppl exercising warrant at 1.56 per share leh with WB price at 0.4x, the cost is close to RM2 per share. doesnt make sense
28/09/2021 9:34 PM
InvestIcontoday another 5815 WB exercise at RM1.56. Remind me in 2012 when Pmetal Directors converted more than 100m Warrants at RM2.7 when Pmetal only RM1.7+
29/09/2021 3:12 PM
InvestIconToday Pmetal price after many splitting is equivalent to 30 times price in 2011
trader808Yesterday the warrant price was 41sen and mother share was Rm1.66
The holder of warrants has two options to choose from for him to get one mother share.
First he can surrender the warrant and buy a bank draft for RM1.56 and convert the warrant into mother share. His cost is the market value of the surrendered warrant plus the conversion price that is 41+ 1.56 = 1.97 Hence,he unwittingly paid 197 for a share that is worth 1.66
Second, he can sell his warrant in the open market for 41sen and than top up 1.25 to buy one mother share in the open market at 1.66. In this case he can save 1.56 minus 1.25 equal to 31sen per share. Two days ago some one convert 136622 shares.
Therefore he paid extra 136622 x 0.31 = RM42,352.
29/09/2021 9:26 PM
serendipity89another one is, corporate exercise of Sunway mother share coming? if hold WB wont be entitiled
30/09/2021 7:18 AM
trader808Mother share continues to show sign of weakness because Market is reacting to the annual 7 sen step down exercise price of warrants on 4th Oct 2021.
30/09/2021 7:57 PM
InvestIconBefore WBs are all converted at 1.35 after Oct 2023/2024. 7 cents step down now doesn't impact Sunway at all.
NoBrainerLor@fortheemprah, don't worry too much. The support is still there. I'm the one who sell causing the price dropped. I needs to cash out for other investment, sorry lor. Now no more selling liao
18/11/2021 3:47 PM
UPlanetRecently, i heard Sunway subsidiary Sunway VCP got a lot of illegal workers/force labours through sub-con like Topglove previously too??? Could it because of this reason?
19/11/2021 11:31 PM
trader808Those who know don"t speak. Those who speak don't know.
21/11/2021 9:01 PM
NoBrainerLor@fortheemprah, Don't worry, no more heavy selling from me anymore. I'll holds the balance.
25/11/2021 10:39 AM
fortheemprahNo bottom, everyday shed 1-2 cents. Dead stock.
16/12/2021 9:50 AM
ViWizardgood registar change to tricor already old registar sunway management no good
