Proper headline is:

Singapore's GIC invests RM750m for 16% stake in Sunway Healthcare.

KUALA LUMPUR (June 23): Singapore's sovereign wealth fund GIC Pte Ltd is acquiring a 16% stake in Sunway Healthcare Sdn Bhd, the healthcare arm of Sunway Group.

What people think..,
i) Normal people: Yes, gaining momentum, to the stars!
ii) Other people: Nope, not going to let it fly, I'm gonna sell 20 lots from time to time to keep the price low.

What is actually happening ...,
i) The same peopletrying to collect at a reasonable price occasionally selling down to prevent the price from going to the stars before they can collect enough.

Strange, when the counter is quit, there are no noise at all. Now, when the counter gained momentum, a bunch of SerbaDinamik forumers appeared @kinuxian @Gerrardo @kadilong

Minor profit taking by retailers from yesterday. Look at the volume today versus yesterday. I hope Sunway form a resistance at 1.70. Cheah family, the counter got momentum now. Don't plop back down on your thrones just yet. Enough of big green candle followed by big red brinjal.

Once the economy open up again, the trade scene in Asia and the world is going to explode. Transportation and freight companies will be at the forefront. Improved, green, upwards, essential, buy-in.

Finally, Sunway has caught the eyes of investors:
a) ESG conscious company
b) Digitalization of organization
c) Construction with higher overseas portfolio
d) Medical/ Healthcare including both hospitals and pharmacies
e) Resorts, malls and theme parks
f) Digital banking and Sunway Money

Now with the National Recovery Plan laid out, do you know who will be the big winner?

Put it this way ... 10 companies struggling ... a mid-tier company say they're doing well and winning jobs up down left right ... suspicion level 9000.

"We have a huge backlog". Many beginners may be misled by this common statement. A company can have a huge backlog with negative value. Do you know what it means? It means I have a USD1billion backlog but my projected profit is a loss of USD100million. Many company are out-bidding each other, a full-on price war. It's a strategy to keep the company relevant in the industry.

If it's not clear enough, here's a full example:
a. Total revenue required to be profitable for a job = USD1.5billion
b. Job secured by company for a total of USD1billion because had to outbid other competitors.

A debt-fueled company that borrows money to pay dividends? Who knows.

Btw, for any legal big brains, the above is describing a fictional company on Mars.

Guys, why is it that companies such as Cypark, Kpower, SCIB, Serba constantly exercising private placement (PP) while companies like Sunway, the big 4 gloves, Guan Chong Berhad (GCB), rarely do it?

What is the factor that differentiates these two groups of company?

How are these companies with weak financial standings are awarded jobs? Is this fraud/ scam at a national level?

https://www.theedgemarkets.com/article/sunway-plans-bid-digital-banking-permit

This is the type of news that we all want to read. Sunway plans, new areas, progress, etc. Finally the Cheah family got off their thrones and did some PR work.

ESG investing is taking the world by storm. Sunway is probably the only large conglomerate that embraces ESG, diversified, digitalization, medical, education, etc.

Can anyone reach out to the Cheah family and ask them to get their butts off their throne. Loyal and minority shareholders would like to hear some statements of progress or some show of support.

Is my eyes playing trick on me? EPF broke the selling streak and actually acquired on 04 June 2021.

Is this the turning point, the return to fundamentals that we all have been waiting for?

Guys, even if EPS is directly equal to share price, the trolls will still insist that the price will go lower.

EPS = MYR5
Share price = MYR5
Trolls = gloves downtrend! ASP downtrend! martians are attacking! we don't need gloves for space travel!

Let's speculate. Shorties are small timers. It's the perception of the overall industry. Top glove just need to announce that they are venturing into medical or pharmaceutical fields or something, you will see the share price fly to the moon.

How much cash pile will Topglove have added the 18 cents dividend payout?

Guys, which other company has formally responded to Internet trolls in a particular forum? I believe that's the worrisome bit.

A few points of contention in layman term for a general company.

1. If that's not your debt, don't publish it as your debt. Unless of course, it is your debt.

2. Why is your overall health remains unchanged despite the stellar performance and order book size over many years? Have you been propping up your numbers with borrowed cash, hence the ballooning debt size?

3. If 10 companies in the same business is struggling and you're not, wouldn't that warrant some concern?

Are the above valid questions or only valid for companies that you do not have a stake in?

Takaful has been making lotsa headlines these days. However, the glaring issue remains. IFRS17 ... last time, if you close RM1billion in a quarter, you can report the revenue as RM1billion. After IFRS17, you have to pro rate it across the number of years of validity, i.e. RM1billion coverage for 20 years means RM12.5 million per quarter only.

With the above understanding, it doesn't erode the Company's fundamentals. However, it does directly impact the earning per share per quarter.

It's like if you earn RM100k per year in your new job on a 10 year contract, you don't declare you're a millionaire immediately. Same goes for Takaful.

Guys, as an observer, I can see one party providing questions with numbers being referenced and a whole bunch of other parties calling him a retard without any proper counter-justification.

Perhaps those who do not agree with views can share a proper, legible, counter-view. It's getting worrisome that nobody has step-up to give a straightforward counter-view.

It's a battle of will and pocket. Malaysia is trapped between US and China. US flexed their muscles by using CBP. China demonstrated their military prowess to show Malaysia not to be afraid of US. US once again destroying lives and financial standings for their own interest.

For those who come out with statements like "bad QR", "bad profits", "company gulung tikar", "500 million per quarter in 2 years time", "ASP dropping to gloves becoming free" ... You must be a paid troll.

It takes a coordinated effort to spread retardation in the info sphere. You primates will still be yelling the same message if the company is sitting on 20 billion in cash.

Primates, you're taking up precious space in the world and holding back on human civilization.

Guys, did Johan management reached a breaking point of desperation and resorted to Gloves? It's like the bubble-tea and cafe rush where everyone hoped for an easy way forward.

Quick poll, do you foresee 5 years down the road to read the news headlines "Johan seeking to sell its glove manufacturing assets as competition pummeled the ASP of gloves to below profitable level"?

Guys, did Hong Seng management reached a breaking point of desperation and resorted to Gloves? It's like the bubble-tea and cafe rush where everyone hoped for an easy way forward.

Quick poll, do you foresee 5 years down the road to read the news headlines "Hong Seng seeking to sell its glove manufacturing assets as competition pummeled the ASP of gloves to below profitable level"?

Guys, did GKent management reached a breaking point of desperation and resorted to Gloves? It's like the bubble-tea and cafe rush where everyone hoped for an easy way forward.

Quick poll, do you foresee 5 years down the road to read the news headlines "GKent seeking to sell its glove manufacturing assets as competition pummeled the ASP of gloves to below profitable level"?

Guys, did MahSing management reached a breaking point of desperation and resorted to Gloves? It's like the bubble-tea and cafe rush where everyone hoped for an easy way forward.

Quick poll, do you foresee 5 years down the road to read the news headlines "MahSing seeking to sell its glove manufacturing assets as competition pummeled the ASP of gloves to below profitable level"?

Today, short selling was 1.3mil shares. In the last 10 minutes, 16mil shares were traded. I can think of two scenarios:

1) An agreement was done between two parties to trade share at 1.54.
2) Someone tried to bring down the average closing price by throwing large amount at 1.54. Someone else called his bluff and bought the entire portion of it.

Is this panic selling? No. Why no? Because if it was panic selling, it would have happened throughout the day. This is something else.

Please share proper views, not half-baked views with random TPs. Thanks.

QR out, AGM called. Someone really need to force the Cheah family to explain exactly what they have planned for the company.

Well said, CBP can flex their muscles all they want. However, when it comes to medical supplies that are vital to public safety, I doubt they want headlines in the US that read "Severe glove shortage in X City led to the disruption in medical emergency services. 15 fatalities were directly contributed by the seizure of gloves by CBP"

That is the reason why TG release statements that all those seizure has no impact to the company .. it has been paid for by the buyer!

Just speculating, all gloves purchases from within the US requires up-front payment. As such, TG has no hesitation to continue shipping gloves to the US. In other words, those seized gloves has already been paid for by the buyer.

As such, many people may be undergoing unnecessary butt-hurt at the moment.

@caonima you were right, sell on news

Dividend ex-date was yesterday, natural for share price to retrace.

IFRS17 ... last time, if you close RM1billion in a quarter, you can report the revenue as RM1billion. After IFRS17, you have to pro rate it across the number of years of validity, i.e. RM1billion coverage for 20 years means RM12.5 million per quarter only.

Anyone can verify the above understanding?

If the above is truly the case, then you can see EPS per quarter is gonna be nosedive from the moon.

@invest icon. IJM is huge, market cap, revenue, all comparable to Sunway. Perhaps a mutually-agreed merger more plausible. However, looking at the Sunway daily transactions, I think Cheah family has given instructions to create resistance at 1.7. If it goes up, good, but do not let it fall below 1.7. Just speculating.

What do you guys think? Did Sunway give any indication of what lies ahead? Any form of engagement, press release, sbb, etc?

@invest icon, not really quiet also eh, buy rate 65% and 2.3 mil shares traded. Not sure if someone is flushing out contra players by maintaining a strong resistance at 1.7 or like you say, collecting gas before exploding upwards.

Sunway Cheah Family, first day after QR release, should have at least shown some support to your own stock. Trading muted and ended 1 cents lower.

@catalan, I became more optimistic of Sunway after looking at the larger picture. The QR is actually good and Sunway is lauded for their ESG performance. This two ingredients should be a good selling point for a defensive stock.

TG was on uptrend, shorties need to reverse the trend ASAP. The sellers now are IBs themselves trying to create panic, don't fall for it.

Look at the Buy Queue at 4.82, 4.81, 4.80. My dear shorties, you are selling to yourself in hope of creating mass panic.

I believe this move is necessary. TG declared dividend and yet the price remains stable and seems to be bound for uptrend. Imagine if TG went on a bull run after dividend payout. Shorties and IBs will be left with a brinjal up their keister. They must have lobbied to defrock TG and I have a suspicion that somehow, The Edge is on their payroll. Let's Speculate!

Woah, last 10 minutes, someone sapu 1million shares. Fierce! Speculate guys!

@ i3lurker A wild guess, that reason for EPF selling is politically motivated and is related to potential upcoming election... Wild Guess #01... keep it rolling

What's brewing for Sunway? Let's speculate until the release of QR this Wednesday. Dividend mother share = 4 cents, dividend PA =5.25 cents.

It's reason (1), EPF needs some cash for I-Sinar Payout. Look at the remaining EPF interest after disposal, 9.68% bro.

Contra players dominating the price movement. Anyone got any news leak about the upcoming QR report on 31 March 2021?

@ UPlanet Well said. In addition, it's not higher by mere 10-20 cents. That would be a buzzkill as well. It should be noticeably and comfortably higher so people are not worried that they make losses as soon as they buy-in.

@moneymakerx Based on your insights of the company, what would the scenario be after the HK listing?

Consolidation phase. Consolidate at 2.7 before it can stablise at a higher price. That's typically how shares work.

If you monitor the transaction history, every time the price gain 1 cent, someone will sell 1 to 10 lots to push it back down. There are parties interested in pushing the price to a downwards trend.

At the same time, there are also parties that will push it back up by 1 cent immediately after.

At such a low volume, it it easy to manipulate the share price.

Guys, what the heck, the shares buyback exercise is insanely aggressive.

I wonder if all the contra/ short term players have been flushed out. Looking at the transaction history, something is brewing.