u mean Toyo-W @ TP 1.80? 🐮😁

Shake shake shake

Breaking up soon

Toyo warrant last hurray
TP 0.50

Waiting for drama to unfold and show to start

Someone is still collecting Toyo-warrant for a final hurray push

High risks High gains!

Financial Close Is Well In Sight!
SEPTEMBER!

Kenanga Research & Investment
Sunway Construction Group - Awash with Opportunities

SUNCON is bidding for work packages of the Customs, Immigration and Quarantine (CIQ) Complex in Johor and various data centres as well as fit-out and renovation works of SUNWAY’s properties. It has extended its MRT3 tender validity, while the RM6b coal-fired power plant construction job in Vietnam is firming up with the project’s financial close being well in sight. We maintain our forecasts, TP of RM2.13 and OUTPERFORM call.

We came away from a recent engagement with the company feeling reassured of its prospects. The key takeaways are as follows:

Its RM6b coal-fired power plant construction job in Vietnam (which constitutes up to half of its outstanding order book of RM12b) is firming up with its client, i.e. Bursa Malaysia-listed TOYOVEN, and on track to meet conditions precedent for the project’s syndicated loan and hence to achieve financial close by Sep 2023, after a slight delay from Jun 2023.

Hold your horses.....Dont get wash out!

Would be smart for issuer to maintain the warrants in the money.

Enable it to exercise and bring in cash into their coffer!

Keep buying! Ahead of the financial closing! Soon!