Currently WB conversion price is RM1.56 but will reduce 7 cents per year. By Oct 2023, the final conversion price is Rm1.35. So, if you buy WB at 0.27 today and just need to top up Rm1.35 after Oct 2023 but before Oct 2024 expiry date to convert into Sunway mother share

@maxx papa
is the "exercise price" on warranty refer to conversion price before expiry date? So if we buy WB at 0.27, our cost on conversion will be 0.27 + 1.35 = 1.62 (base on your example above)? Thank you!

last year 11/12/19, Sunway is 1.69. Sunway WB 0.355 and final conversion price in Oct 2023 is 1.44. Premium to convert is 0.105 or 6.2%. This year 10/12/20, Sunway is 1.54. WB 0.27 and final conversion price adjust to 1.35 in Oct 2023. Premium reduce to 0.08 or 5%. Sunway WB is getting cheaper looking at expiring date is still 46 months away.

Most important CPO ASP is going up and no signs of turning back yet

When Careplus director sold at RM1.36, price goes up to RM1.9. When sell again at RM4.04, price goes up to RM5.7. That's how the Goreng Kaki works

Mouse, sell share to Goreng partners is normal. Kpower CEO sell million at shares at RM4.8 - 5 few days ago, now RM5.35. EPF sell Sunway at 1.4+ two days ago, today 1.54. EPF sold millions of CIMB at below RM3.6-3.8, now RM4.28

CPO now 3702, price up unstoppable

Conversion price for Sunway WB will reduce to 1.35 from Oct 2023 onwards. When Sunway cross 1.6. Sunway WB will follow closely

Luckily I still keep all 3 Sunway, Sunway PA and WB

@memorylanr You are fast. I though of doing that too but I love my Sunway too much. Instead of Selling Sunway , I still looking at what other share to sell in order to switch to Pa

PA at 113 and Sunway 146 makes PA very attractive after considering possible higher dividend from Sunway. 33 cents of different makes PA gets extra average 7.33 cents per year. Sunway has to declare on average 12.25 cents yearly to match PA value now.

@Jolly, Dick felt very disappointed because he has no money to buy TDM.

@Ong Yee Hor, Check this Prospectus dated 6th Nov https://www.sunway.com.my/investor-relations/announcements/. In Appendix II under “Adjustments to the Conversion Price”. Is clearly stated that The Conversion Price is subject to adjustment if there are any alteration to the share capital whether by way of rights issue, bonus issue, capitalization issue, consolidates, subdivision or capital distributions. The conversion price will be adjust accordingly

0.5 cent dividend

Major shareholder already control 60% and 72% Sunway WB. He only committed to subscribed his 60% ICPS. Is no good for him to buy all ICPS. Not good for market liquidity


@Ong Yee Hor

those who apply Excess are very lucky cos major shareholder not apply it.

Exactly, Sunway is one of the most diversify and premium business with growing income company. With recovery economy soon, Sunway price will not fall below current price. Invest in Sunway PR to earn minimum 13% per year and upside is highly expected. This is not just as safer than FD (FD is a losing investment due to Inflation is higher than interest) but with lucrative return.

> yesAH SCENARIO (1) SUNWAY remain unchange @ RM 1.46 after 5 years (2025)

You will make an AVERAGE (approximately) 69.0% over 5 years or 13% gain per year on your investment


SCENARIO (2) SUNWAY share = RM 2.00 after 5 years

You will make an AVERAGE (approximately) 123% over 5 years or 24% gain per year on your investment

.SCENARIO (3) SUNWAY share = RM 2.50 after 5 years

You will make an AVERAGE (approximately) 173% over 5 years or 35% gain per year on your investment


WHAT is the current Bank FD rates ?

Yesterday Ex

Normally refund to your register bank account.


>@junetan11 ask ask, when buy excess, if not successful, how to get back the money?

TA shows bullish

In the market, most PA are always sell at discounted price cause they are share without voting right and can’t enjoy higher than fix dividend before it is convert to mother shares. Bear in mind, Sunway used to pay 8 to 9.1 cents per covid and dividend growing every year. Looking at likelihood of economy recovery next year, I believe Sunway will continue to pay higher in 2021 onwards. If Sunway pays higher dividend, total dividend receive by Sunway for 5 years will be higher than total dividend pay for Sunway PA. Therefore, if there is no price discount for sunway PA, then the big fishes and people like me would rather buy Sunway mother share. In this case, current discount between 0.2-0.3 is justifying. I’ll opt for Sunway PA if the discount more than 0.3. But, the discount shall reduce as it gets closer to the conversion date. Cause the chances of Sunway receiving more dividend than Sunway PA is reducing. I expect the discount for PA will not be more than 10 cents after 3 years.

> @sbsoo111 wonder why if everyone said it is very cheap for sunway, why the PA still dropped 20%+ cheaper compare to mother share? the excess just 6% extra, if it is so easy money, why not the big fish snap in to buy up?

Actually, priority is given to all who owns more PR anode more Sunway shares during Ex ICPS Right. I applied quite high Excess for all 3 accounts. And I got 100% allocated. But one of my friend who bought 5,000 PR from market and applied 800 excess, he only allocated 200.

@ dragonie, always not too late to learn. Sunway is still extremely undervalued. This year is golden opportunity of the decades to invest in superb undervalued recovery stock like Sunway, Sunway WB or Sunway PA. Just buy and keep. You will see the value soon.

No one can know whether Sunway or Sunway PA is better. For me, I keep both for simple reason. Superb Undervalued....

Only disadvantage to PA now is if Sunway declare more than 5.25 cents dividend base on normal operational income. PA can't enjoy more than 5.25 cents

If sale stake of 20%-25% SMC successful. And special dividend issue to Sunway due to the sale. The Conversion price for Sunway PA will also will adjust according. This is because selling SMC to distribute involve capital reduction. So, it doesn't matter PA not receiving special dividend but will enjoy lower conversion rate.

add more at 0.35

If Crude Oil up, means PE & PP price will also goes up. LCTitan has plenty of stock. Sure will benefits from increase selling price.

Total number of ICPS Right holder applied, 946,934,431 or 96.85%. Total Excess ICPS Applications 37,278,846 or 3.81%. Oversubscribed is 6,433,926. That means out of total 37,278,846 excess ICPS Application, only 30,844,920 will be allocated and 6,433,926 will be rejected. Total Excess successful rate is 82.74%

No need to guess, tomorrow will know

or using the closing price of PR + RM1

Just Talking/wonder about whether Sunway PA listing at Reference price of 1.28 or higher

No more adjustment

with current positive news on Sunway. Unlikely tomorrow price will drop

If you don't subscribe by topping RM1, your PR will burn and will be given to people like me who apply Excess.

On the Ex date of Sunway ICPS right. Adjustment price for Sunway is 1.28. Therefore, Reference price for ICPS right was 0.28 on listing date

Add more at 0.61

Tanjung Rambutan make a mistake to discharge Mickey Mouse....

https://www.macrotrends.net/2538/soybean-oil-prices-historical-chart-d....

The main usage for Soy Bean are as food for Pigs and the oil for cooking. It is therefore more economical compare to Oil Palm as it has dual purpose. So, market willing to pay higher price for Soy Bean compare to Soy Bean.

SOB 4th Dec is USD0.3841 per pound or RM0.3841x4 x 2.2x1000 = RM 3380 per MT. Which is lower than RM3502 for CPO on 3rd Dec. SBO has been traditionally USD50-80 higher price than CPO. But Since Nov 2020, CPO price overtook SBO by USD15/MT and now is higher by USD30. This happens could be few reasons, 1) Africa Swine Flu have killed many pigs. The main food for pigs are Soy Bean. When number of pigs are low, the demand for Soy Bean also lower. Cause is not economical if just buy to press oil. 2) Market shortage of Soy Bean due to dry weather and Soy Bean Oil from the bean are very much lower % compare to Oil Palm, so, it will not be economical if purely press the Soy Bean just for the Oil but not to feed the pigs. So, the SBO become shortage. 3) The main exporter for Soy Bean is shortage of Soy Bean and have to import Soy Bean this year. When SBO shortage, price for SBO increase, CPO price also increase. 4) End November 2020 India reduces Taxes for CPO to 27.5% from 37.5%. This has increase the demand for CPO.

But, what ever reasons are. The most important good CPO price is good to Malaysia, good to Oil Palm planters, good for Oil Palm investors like us ...

https://www.forbes.com/sites/salgilbertie/2020/10/20/the-worlds-largest-soybean-exporter-wants-to-import-soybeans-what-happened/?sh=5d966ab167d4

CPO is the most economical vegetables oil and threatening western vegetables oil industries. That’s why US and Europe try all ways to stop CPO growth. In 1984, USA misleading the world that Soy Oil don’t consists of cholesterol but they hide the fact that process Soy Oil consists of Transfat which will accumulate cholesterol in the body. Malaysia engaged University of Malaya and two universities in US to carry out research to defend the sabotage. The results shows CPO do content cholesterol but is more good HDL cholesterol than bad LDL which will reduce cholesterol in the long run. on the other hand, Most other cool weather vegetables oil have to add in hydrogen or hydrogenated so that can store longer and with stand high heat. The hydrogenated process makes the oil become edible oil with Transf fat. So, CPO always the cheapest edible oil in the market.

Dick always appears when mouse RIP

queued 31, 30.5, 30, 29.5, 29... please throw more

@ali baba I will join the queue too if its below RM1.
Lets say it is RM0.9, the div yield is 5.8% and if RM0.80, the div yield is 6.6%.
Is that correct?

Above is just the expected dividend. Besides dividend, the ICPS will fully converting to Sunway share without additional cost after 4th anniversary and 5th anniversary.That means, the will be additional appreciation of value. Let assume Sunway remain 1.42 after 5 years, then appreciation of ICPS after converting is 0.42. The total return will be 26.25 + 42 cents in 5 years or 13.65% per annum if the reference price of ICPS is RM1. So, is a no brained buy if the ICPS less than RM1

FGV expect? If these expect boleh pakai, FGV already in KLCI index but not one of the worst performed company in KLSE.

Good news for those applied ICPS

@kimhaolian Best time for mouse to keep awake is midnight. He used to it

Everyday sikit sikit up, lama lama jadi Bukit

@Noni, ICPS 5.25% dividend is fix

Even though Dividend for ICPS is subject to board approval. But, looking at huge retained Profit and high rating of Sunway Financial status. If Sunway ever default the promises or delay paying out dividend. Their rating will be affected and their future fund raising will face high cost. So, there is no reasons at all why with such a strong Cash and Equivalent reserve company wants to do the unnecessary default. So, I view the 5.25 cents is a fix dividend. Mainly, Sunway Management can be fully trusted

Other than 5.25 cents dividend per annum. ICPS does not entitle for any other dividend , bonus or right

@serendipity, Don’t worry, Sunway ICPS only allows to convert in 2024 Dec onwards. Preference share will not dilute the earning per share before it convert to ordinary share.