HUAT AH! MMC BREAK RM1 SOON.

@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.

Wow, all directors and major shareholders of sunway diam diam collect sunway shares. Shoot up soon!

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.

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.

Guys, now everyone is switching to recovery theme stock. Sunway is the best stock so far. still at all time low undervalued and moving up quietly. Healthcare unit IPO in progress and sales obviously recovering 60-70% in the past 2 months. Today's Sunway will be Top Glove 4 months ago!

What did i say? Sunway is unlocking it's value now!

Today final chance to buy. Tomorrow sure gap up!

Today good chance to buy. Tmr morning sure gap up!

@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.

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!!!

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.

@ali baba

No exercise price. Because you have to pay a RM1 in advance already for it.

@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!

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.

SUNWAY BROKE 1.40 RESISTANCE!! ALL THE WAY UP NOW!!!

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.

SUNWAY BREAKING 1.4 TODAY!!! When everyone telling u the stock is undervalued with great potential, and it is at share price all time low. Providing good management and reputable branding. What are you waiting for?? Sapu before it breaks 1.6!!!

Don't you worry, investors like us are not blind. Good stable ROE with profit growth on serba dinamik, RM2.5 will happen before 2021. No one will sell this share at this moment. Beside glove and pharma stock, this is Stock of the year. Together with MMCCORP and SUNWAY. Top 3 value investing stock.

The small 2QFY20 core loss of RM0.4m brought 1HFY20 CNP to RM66.1m accounting for 15% each of our and consensus full-year estimates. We deem the results as well within expectations as we expect 2HFY20 to deliver much better profits from: (i) recommencement of business activities post MCO, and (ii) a lump sum PAT recognition worth RM160m from two property projects which will be billed upon completion namely Sunway Gardens, Tianjin and Rivercove Residence, Singapore.

@klsebursamalaysia true, that's why sunway share price is at all time low because of covid, but all their fundamentals are not affected, and all the losses are already factored in, in fact sunway qr performance is way above expectation. only 4m loss after tax. Considering sunway still have 5B cash reserve before ICPS, one quarter lose 4M you imagine how long this company can survive assuming RMCO prolong. Comparing to airasia, one quarter kaput lost 1B hit PN17, another quarter dry out. Sunway management team is way better.

Before invest in a company, choose a company with reputable leader, and great management skill. Sunway has both. And their future medical line growth is a hidden gem that will take their share price above RM5 once appreciated.

@david6055my, ICPS is the recent activity proposed by Sunway management to give existing shareholder chance to buy preferential share based on 5 to 1 Ratio at rm1 per share. This is to gather new funding from shareholder to strengthen sunway’s cash flow to make sure she surf through covid crisis. In order for this to take effect major shareholder like Jeffrey Cheah and EPF need to chip in to make this works, so to launch this first Sunway must obtain support from major shareholders, and they set a minimum 900m funding target to be raised. And it is stated clearly 70% of the funding to be used for loan clearing, 20% for medical field development. This is a very good move indeed. And holder of ICPS get 5%++ interest per year, and get to convert into mother share at the 4th-5th year.

To make it simple, major shareholders of sunway berhad is willing to inject more capital into the company due to strong confident and ambition on future growth, and they won't do it for free, they want to do it at a discounted price rm1, and get 5++% interest per year (much better than FD at the moment).

So if you ask me this ICPS (Irredeemable convertible preference shares) is worth or not, i will tell you this is the brilliant idea of sunway majority shareholders figure out how to get more share at discounted price and make it a 5 year high interest FD at the same time.

Remember u can only buy 1 for each 5 sunway share u hold.

From Hong Leong Analyst

Sunway reported 1HFY20 core PATMI of RM76.4m (-69.4% YoY). Effective sales stood at RM586m (76% of revised target). Note that Sunway has revised its effective sales and launch targets to RM770m and RM2.1bn respectively. Effective unbilled sales stood at RM2.5bn (4.6x cover ratio). On the healthcare segment, SMC’s latest utilisation now hovers close to 65% from its low of <20% previously. 2HFY20 will be supported by the handover of overseas projects of RM160m to the bottom-line. We increase our FY20/21/22 forecasts conservatively by +1.2%/+1.1%/+0.4% and maintain BUY with an unchanged TP of RM1.95 based on a 10% holding discount.

Slightly above. Sunway reported 2QFY20 core PATMI of RM7.4m (-89.3% QoQ, - 93.4% YoY) bringing 1HFY20 core PATMI to RM76.4m (-69.4% YoY) which forms 19.7% and 17.3% of our and consensus full year forecasts, respectively. Despite only forming 19.7% of our estimates, we deem the results slightly above expectations as 2QFY20 had better-than-expected contributions from the Property Development segment while 2HFY20 will be supported by the handover of overseas projects of RM160m to the bottom-line. 1HFY20 core PATMI was derived after excluding - RM26.5m in EIs (-RM16.5m revaluation loss and -RM10m of impairments).

Dividends. None declared (2QFY19: 4.57 sen per share, inclusive of treasury share).

QoQ/YoY. Core PATMI fell -89.3%/-93.4% to RM7.4m from lesser revenue sources due to MCO coupled with unavoidable operating costs. Nonetheless, most of the segments remained profitable with the exception of Property Investment, Quarry and Healthcare (largely stemming from SMCV).

YTD. Core PATMI dropped -69.4% to RM76.4 on the back its operations impacted by MCO coupled with lower contributions from its associates.

Property development. New effective sales of RM64m was achieved in 2QFY20, bringing 1HFY20 to RM586m (76% of revised target). Note that Sunway has revised its effective sales and launch targets to RM770m (from RM1.4bn) and RM2.1bn (from RM3.3bn) respectively as seen in Figure#3. Effective unbilled sales stood at RM2.5bn, representing a strong cover ratio of 4.6x on FY19’s property revenue.

Construction. SunCon reported 1HFY20 core earnings of RM4.6m (-74% QoQ, -86% YoY) while current orderbook stands at RM6.3bn which implies a healthy cover of 3.6x on FY19 construction revenue.

Healthcare. The overall performance was impacted by the Covid-19 fear as number of admissions and outpatient treatments dropped with elective surgeries being postponed. The segment reported a net loss of -RM16m (1HFY20 net loss -RM20.4m) as it was further impacted by SMCV registering an operating loss of -RM9.5m (1HFY20: - RM21.5m). On a brighter note, SMC’s latest utilisation now hovers close to 65% from its low of <20% previously.

Outlook. We expect a strong earnings recovery in 2HFY20 as it will be underpinned by the block recognition of property projects delivered in Singapore (RM120m) and Tianjin, China (RM40m) in 4QFY20. This is further supported by the normalisation of construction activities by SunCon, Leisure & Hospitality division (theme park operating from July onwards), retail malls and Healthcare division. Separately, the group will hold the EGM on the approval of ICPS on 2 Sept. The offering of ICPS is attractive given the dividend yield of 5.25% based on primary shares.

The hidden gem. Sunway’s hidden gem lies in the healthcare sector with its concerted efforts to build new hospitals and expanding the established Sunway Medical. We gather that the group will likely invite strategic shareholders to expedite the development of the Healthcare division prior to a potential separate listing in later years.

Forecast. We increase our FY20/21/22 forecasts conservatively by +1.2%/+1.1%/+0.4% as we impute better contributions from the Property Development segment, given the resumption of construction works, pending further clarity on the magnitude of its recovery.

Maintain BUY but with an unchanged TP of RM1.95 based on a 10% holding discount to SOP-derived value of RM2.17. Sunway remains our top pick in the property sector given its well-integrated property and construction developments. The value of the healthcare business (with new hospitals and the SMC expansion coming on stream over the next three years) has yet to be appreciated as it is embedded within the parent - co. This, coupled with the resilient earnings from matured investment properties alongside its growing building materials business and quarry operations, justifies for the re-rating of the stock.

Any price below 1.6 is super bargin for sunway. Safe and Sound investment.

Remember: We Invest Not Gamble!

Major shareholder, EPF been sapu-ing the share since early august, they are trying hard to press the price down to absorb more before ICPS exercise. This ICPS exercise is a super bargain and huge perks for existing shareholder. Otherwise this share already shoot back 1.8 level just like her baby sunway construction.

@joeduff22


InvestNotGamble SEE, much better than expected QR result, now sunway price finally moving after clearing all the worries of bad QR. Pro management by Sunway, even close down 3 months also can gain profit before tax, and after tax only 4m loss. Respect and Salute. This kind of company must invest when everyone overlook and go goreng medical stock. Soon will definitely bounce back. breaking 1.35 now!!!
26/08/2020 10:45 AM

This is the reason. Good Company, Strong Asset, Good Management, Good Prospect, Strong Catalyst (Medical Line to go IPO in near future).

Give me a reason why it shouldn't go up further?

SUNWAY BOOM BOOM POW! BREAKING 1.38!!! finally move this hidden gem!

Broken 1.36 resistant, now heading 1.40! Now everyone sees sunway great value. Top pick for value investing.

Fund raising exercise mainly is to reduce loan ratio and to fund new hospital developments, and it's preferential share available internally and only convertible after 4-5 years, with yearly gurranty of 5%++ interest. I feel sunway is playing safe, while having 5b cash but calling for extra cash makes this ship safe and sound. I feel the ICPS is a positive move. and the 15% share drop is already factored in after the announcement made few months ago. Now can only move upward.

1.36 already! If it breaks 1.4 today it will fly high!

SEE, much better than expected QR result, now sunway price finally moving after clearing all the worries of bad QR. Pro management by Sunway, even close down 3 months also can gain profit before tax, and after tax only 4m loss. Respect and Salute. This kind of company must invest when everyone overlook and go goreng medical stock. Soon will definitely bounce back. breaking 1.35 now!!!

sunway recently launched new package Stay+Scan+Shop promotion to boost their sales for sunway velocity hospital and mall, also family bundles 499 for 3 days 2 nights sunway hotel+lagoon+rm50 shopping voucher for 2 adults & 2 kids. I like their management always stay competitive and fight for market share. EPF and their directors been acquiring a lot of sunway share in open market. I'm sure the QR is better than expected.

All it takes is just one push for everyone that is holding now to make big money from small penny.

Obviously undervalued counter. Good counter for few months profit and long term stability.