From past experience, Sunway will not offer Shareholders RIGHTS when they IPO a business. Usually, Sunway will reward shareholders by way of Special Dividends, Dividends in Species (SMC shares) and etc. If the IPO taken place before PA mature, then The ratio for conversion has to adjust accordingly. Anyway, 99% SMC will IPO on 2026 due to few more hospitals will open next 1-2 years so that they can EBIDTA break even and profit before IPO
EPF selling, Does it matter? EPF has sold near to 100m for past few months but weirdly Sunway price don’t drop but slowly inched up instead. EPF selling in big vol, many retailers also selling, If Everybody selling…. who is buying??. What does it means? I can only guest some funds are in to accumulate to ride on the Super Prospect of Sunway, especially on their likelihood of SMC listing on 2026.
As hospital base on EBITDA for IPO value. Own a property will improve EBITDA since Interest, Depreciation and Tax are excluded in calculation of IPO value. So, I would think main reason for disposal of SMC building back to Sunway so that SMC has a real assets that will improve SMC’s EBITDA which in turn fetch higher IPO value in 2026. Estimate IPO price for SMC is around 20 x EBITDA.
InvestIcon, that's why I said Poor people always think 1 cent is big. Imagine he think 50 hectares Palm Oil is big! He doesn't realise many people have more than that. How to do, he looks for 2 meals only.LOL.
I fully agreed with InvestIcon and really envy NoBrainerLor as he invested No Brainer Counters without using brain. With current CPO price, how CPO company don't make windfall profit. Salute you both and will follow you guys.