Highlights
KLSE: SUNWAY (5211)       SUNWAY BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.36   +0.03 (2.26%)  1.32 - 1.36  1,155,100
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening 18/08/2011 - -
Closing - - -
Price
Issue Price 2.80 - -
Par Value 0.000 - -
Units - - -
No of Shares
Public Issue - - -
Offer for Sale - - -
Private Placement - - -
Time Table
Allotment Date - - -
Listing Date 23/08/2011 - -
Issuing House - - -
ISIN Code - - -
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  8 people like this.
 
mbge7clt is it worth to subscribe?
14/11/2020 10:06 AM
memorylane mother share is 1.24, preference share is 1.00, discount of 20%... 4th and 5th year 1to1 auto conversion... it is up to your own evaluation.
14/11/2020 11:33 AM
hs1109 I'm sunway bhd ordinary shares holder. There are sunway-pr in my trading account now. What should I do to subscribe? Or I don't have to take any action? Anyone can help to clarify would be much appreciated.
15/11/2020 11:09 AM
memorylane if you are using Rakuten/nominee account, then go to my account> corporate action subscription, key in your units click submit, thats all... no additional cost.
if you are using individual account broker, go to tiih.online to subscribe.. need to pay processing fee and stamp duty. but whole process can be done online.
another option, if you don't wan to subscribe, just sell your sunway-PR in the market, before end of 18 Nov.
15/11/2020 3:47 PM
EddyGan Hi, may i know is it better to subcribe the ICPS now or direct buy at open market after 19 Nov? Any big different ? Will the buyer still got dividend 5% if buy at open market after 19 nov?
16/11/2020 12:35 PM
mbge7clt is it normally when ICPS is listed it will drop below 1, then can still buy back at cheaper price.
16/11/2020 1:31 PM
Jason85 I buy some sunway at 1.27 again.. Look so cheap leh.
16/11/2020 4:12 PM
DChosen2 Just wait another 2 days ..
16/11/2020 6:06 PM
PaulTsai 5% dividend not guaranteed... Sunway was hit badly by Covid. It is highly likely that there will be no dividend in the first 1~2 years. By subscribing we risk getting money locked up for 4~5 years with 0% dividend, only for a small 20% discount per share. Not to mention that the diluted shares will hurt EPS and further drag down stock price. It's not a terrible deal, but not attractive either. Plenty of opportunities everywhere, don't get your money locked up here.
16/11/2020 8:41 PM
invest icon @PaulTsai. What a nonsense Sunway may delay paying ICPS dividend. Read the annual report. Sunway has solid cash flow with more than 1bn cash or equivalent before ICPS is issue. Not mentioning disposing 20%-25% stake of SMC to strategic partner will pocket at least USD250m and RM160m profit from Spore and Shanghai will be in by 2H 2020. From July 2020 onwards, Most business except Hotels and Theme parks almost back to normal. If Sunway can’t pay dividend, I believe most companies in Malaysia have to prepare to close shop.
16/11/2020 10:18 PM
memorylane listing date is 08 Dec 2020 to be exact. you subscribe today is RM1 + PR cost/unit, you buy in the market on 8 Dec, it will follow the market price/mother share price...
16/11/2020 10:22 PM
memorylane PaulTsai, preference share can be traded freely in the market on 8 Dec 2020 after it listing... there is no locking of your money for 4-5 years ... upon listing, it will normally tracking/following mother share up and down, may be few cents lower than mother share.... also dividend wise, your are right, but if sunway don't pay preference dividend 5.35%, sunway mother share cannot pay single cents of dividend until they fulfill it... this is how preference share works... so, in another words, preference share is more secured compare to mother share during covid time...
16/11/2020 10:24 PM
memorylane "Sunway remains on track to recognise the RM160m lumpy contribution from the Singapore and China projects by end-FY20."

https://klse.i3investor.com/blogs/hleresearch/2020-09-09-story-h1513405480-Sunway_A_Good_Proxy_to_An_Economic_Recovery.jsp

huge profit is going to recognized soon.
16/11/2020 10:37 PM
Jian Bin Siew Memorylane, u really have done your homework and give us many detail info. Thank you very much.
17/11/2020 7:32 AM
kinuxian With near 20%+ premium, PR is worth with little hassle and fee. PR is tradable but without voting right and price movement will run closely with mothershare.

At current premium, it quite certain short term trader & confused retailer wanted to avoid these uncertainty and hassle.
17/11/2020 11:42 AM
trader808 very strong buying interest accompanies with volume today.
17/11/2020 12:39 PM
memorylane Important point -> price movement will run closely with mothershare....
listing date for preference share is 8 Dec 2020.

Sunway just joined the recovery party of bank and gaming stock... it is RM1.35 now with 25% discount for preference share subscription...
17/11/2020 4:40 PM
steady123 @ memorylane may check with you that if I buy PR via Rakuten account, could I subscribe without addtional cost? I have subscibed for my existing PR, explore to subscribe more. Thanks.
17/11/2020 9:02 PM
memorylane subscription via Rakuten is cost-free but with earlier due date, you only need to pay RM1 per unit subscription cost, if you own/bought already the PR. Anyway, if i remember correctly, the subscription due date for Rakuten is tomorrow 18/11 10am... i don't think you have sufficient time to react for the subscription if you only buy PR tomorrow, because it take a few days for entitlement to appear in Corporate action tab for my case... do check with customer service whether it is possible. If you use other broker with individual account, then you buy PR tomorrow then can subscribe in tiih.online on 20 Nov. Take note: 18/11 is also PR last trading day...
17/11/2020 9:34 PM
AlfI3 Hi Memorylane, as d RI size is so GIGANTIC till rm1Bil, coupled w d current tight funds liquidity in d mkt as many comp r rushing to raise funds too via RI in the exchange; any idea whether SUNWAY RCPS - RI "surely" wud get thru eventhough it is SEVERELY undersubscribed?
18/11/2020 7:38 AM
AlfI3 If d abv scenario do happened coupled w huge right issues prc dropped during d past week & d relatively low RI TRADING volumes thus far, wud it trap our investmn for at least 3-5 yrs?
18/11/2020 7:42 AM
memorylane 5 mother to 1 preference is not gigantic. the major shareholder are subscribing it, you don't need to worry about under-subscribed. The preference share can be traded in market on 8 Dec.. your investment won't locked for 3-5 years. Price drop last 2 weeks is mainly due to ex-date adjustment.
18/11/2020 9:11 AM
scorp @memorylane, I read from the Abridged Prospectus that the Conversion Price is RM1.00 per Sunway Share. Does this mean I need to spend total RM2.00 (RM1.00 for ICPS and RM1.00 for Conversion Price) to get a SUNWAY share later?
18/11/2020 12:34 PM
memorylane No cash payment from ICPS holder needed during conversion. The RM1 mentioned is already paid during subscription.

Page 77 Prospectus:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3103114
18/11/2020 1:33 PM
scorp @memorylane, thank you very much.
18/11/2020 1:50 PM
samo50sg Epf disposal because of upcoming withdrawal. Probably a short Term effect.
18/11/2020 11:20 PM
AlfI3 If EPF dispose, d qty shud b large. Surprised to see tat its prc not much dropped. Any idea which big investor had taken over frm EPF?
19/11/2020 12:40 AM
tws13282 it disposed via direct interest. not through open market
19/11/2020 1:27 PM
micsoh Up one day, but drop or consolidated one month, shit!
19/11/2020 4:39 PM
Mel2learn how do your subscribe with cimb itrade? or i have to send it in?thank you very much
20/11/2020 3:41 PM
memorylane Try subscribe in tiih.online , if cannot then call your broker and ask for details.
20/11/2020 7:57 PM
Denise I have bought PR form last week. Why I still cannot see Sunway ICLS in tiih.online?
21/11/2020 9:24 AM
GI_GOD me too.. anyone also facing the same issue ? tiih.online do not have sunway ICLS.
21/11/2020 9:28 AM
Siew Jian Bin When purchase PR in open market, only can see it on 23 of Nov. My friend had called Tricor and got the answer.
21/11/2020 10:24 AM
Denise Thanks for the info. I called Tricor on Friday morning, the officer told me that it would appear at 4.30 pm that day. So now they postponed to next Monday.
21/11/2020 10:42 AM
serendipity89 same here bought in open market. not yet appear on tiih
21/11/2020 12:56 PM
Red Dragon although haven't displayed, what happen if we just pay, will it be successful?
21/11/2020 4:05 PM
invest icon Red Dragon, if you are able to see Sunway in Tiih. Then you can apply what you had bought from open market. Those PR bought in open market will only appears in tiih online on 23/11/20 but allows to apply early if you want.
21/11/2020 9:41 PM
Denise Reply from Tricor:
Please be informed that if you are a renouncee who have purchased the Rights Shares from the open market, you are only able to subscribe via TIIH Online for the Rights Issue after 23 November 2020, 5.00pm.
23/11/2020 8:58 AM
serendipity89 Mine appear in tiih d
23/11/2020 5:03 PM
Jian Bin Siew https://www.facebook.com/106802820776934/posts/230808981709650/
How to apply Preference Share.
24/11/2020 7:32 AM
serendipity89 aiks. bad quarter
27/11/2020 6:54 PM
memorylane reverse from previous quarter lost to profit this quarter... the worse period is behind now... because china project profit will be recognized next quarter...
27/11/2020 7:09 PM
invest icon 40m from Sale of Pinnacle will also recognise in Q4
27/11/2020 7:11 PM
serendipity89 any news on their helathcare private placement? it was once a hot topic, suddenly no news at all. supposed to have conclusion by Dec d.
https://www.thestar.com.my/business/business-news/2020/09/04/sunway-picks-maybank-to-help-rm1bil-healthcare-unit-stake-sale
27/11/2020 7:33 PM
trader808 Considering the current operating envieonment in the midst of covid 19 , i think the result is considered good. It will sustain the share peice. Otherwise, downwards pressure is limited.
27/11/2020 8:18 PM
martinbartesque I think the coming catalyst will be:

1) Disposal of Sunway Pinacle for RM450mil
2) Development profits on Singapore & China projects will be recognised upon completion and handover of the projects in the forth quarter of 2020
3) 20% - 25% stake sale of healthcare unit estimated RM1.03b

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=212409&name=EA_FR_ATTACHMENTS

Disclamer.
27/11/2020 8:47 PM
serendipity89 but all these will be only one off boost to the revenue and profit. it is not sustainable tho..... anyhow, hope for the best when the preference shares are listed on 8th Dec. ^^
27/11/2020 9:22 PM
invest icon @serendipity89 If Sunway had appointed Maybank as Merchant Banker for the sale of SMC deal. I guess it must be at final stage pending Due Diligence. A normal corporate Due diligence may take 3 months or more. Hopefully we can hear good news next month. USD250m for 20%-25% means PE 60 for SMC.
27/11/2020 9:25 PM
Fabien "The Efficient Capital Allocater" The divestment of 20-25% stake in the healthcare will unlock the valuation of its healthcare unit which in turn boasts Sunway overall sum of parts valuation. Currently, it is a hidden gem embedded in the parent structure.
27/11/2020 9:27 PM


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