Lee Jim Leng is currently the group managing director and CEO of Hong Leong Investment Bank. Thats why i said, those shares are just sold to their own proxy/own people, you will never get that offer in the market (unless HLCAP performed badly in quarter results)....

this type of private placement without disclosure normally are just used to fulfill regulatory requirement... those share are just sold to their own proxy/own people. No matter what price is that, you will never get that offer in the market...

Net cash company... PE already 18, lower than average PE... no need to worry...

Japan and malaysia hotel are master lease. The amount of rental is fixed. YTLreit gave them 50% rental postponement (and not free rebate), repayment period is after 2 years. Only Australia hotel are based on management income. Australia has 0 inflections now for so many days and domestic travel are recovering. In about 1 year time, you will see share price started to hike up, due to additional repayment catalyst after 2nd year. Remember that shares always run before actual fact... this is a value recovery stock..

No cash payment from ICPS holder needed during conversion. The RM1 mentioned is already paid during subscription.

Page 77 Prospectus:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3103114

5 mother to 1 preference is not gigantic. the major shareholder are subscribing it, you don't need to worry about under-subscribed. The preference share can be traded in market on 8 Dec.. your investment won't locked for 3-5 years. Price drop last 2 weeks is mainly due to ex-date adjustment.

subscription via Rakuten is cost-free but with earlier due date, you only need to pay RM1 per unit subscription cost, if you own/bought already the PR. Anyway, if i remember correctly, the subscription due date for Rakuten is tomorrow 18/11 10am... i don't think you have sufficient time to react for the subscription if you only buy PR tomorrow, because it take a few days for entitlement to appear in Corporate action tab for my case... do check with customer service whether it is possible. If you use other broker with individual account, then you buy PR tomorrow then can subscribe in tiih.online on 20 Nov. Take note: 18/11 is also PR last trading day...

Important point -> price movement will run closely with mothershare....
listing date for preference share is 8 Dec 2020.

Sunway just joined the recovery party of bank and gaming stock... it is RM1.35 now with 25% discount for preference share subscription...

"Sunway remains on track to recognise the RM160m lumpy contribution from the Singapore and China projects by end-FY20."

https://klse.i3investor.com/blogs/hleresearch/2020-09-09-story-h1513405480-Sunway_A_Good_Proxy_to_An_Economic_Recovery.jsp

huge profit is going to recognized soon.

PaulTsai, preference share can be traded freely in the market on 8 Dec 2020 after it listing... there is no locking of your money for 4-5 years ... upon listing, it will normally tracking/following mother share up and down, may be few cents lower than mother share.... also dividend wise, your are right, but if sunway don't pay preference dividend 5.35%, sunway mother share cannot pay single cents of dividend until they fulfill it... this is how preference share works... so, in another words, preference share is more secured compare to mother share during covid time...

listing date is 08 Dec 2020 to be exact. you subscribe today is RM1 + PR cost/unit, you buy in the market on 8 Dec, it will follow the market price/mother share price...

good news for human, bad news for gloves.... bloodbath after bloodbath...

https://www.klsescreener.com/v2/news/view/753929/top-glove-closes-7-46-lower-as-13-190-workers-put-under-emco

no wonder drop so much!

too much debt due to i&p acquisition few years ago... from the day it acquire i&p, profit has been eaten up every quarter by debt interest... don't see a chance for good dividend in near future.

if you are using Rakuten/nominee account, then go to my account> corporate action subscription, key in your units click submit, thats all... no additional cost.
if you are using individual account broker, go to tiih.online to subscribe.. need to pay processing fee and stamp duty. but whole process can be done online.
another option, if you don't wan to subscribe, just sell your sunway-PR in the market, before end of 18 Nov.

epf doing portfolio rebalancing... because EPF invested in FWD takaful which is islamic takaful also, thats why they have to sell certain % of takaful malaysia to balance back the weight.

mother share is 1.24, preference share is 1.00, discount of 20%... 4th and 5th year 1to1 auto conversion... it is up to your own evaluation.

Jian Bin, for TIIH is for individual account. For me and kimmy, we are using Rakuten nominee account, Rakuten will handle everything for us for free... but deadline will be much earlier...

closing price of 1st day normally will following the mother share price , with few cents lesser is my guess...

SUNWAY BERHAD

Entitlement subject： Important Relevant Dates for Renounceable Rights
Description： RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,112,777,962 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") IN SUNWAY BERHAD ("SUNWAY") AT AN ISSUE PRICE OF RM1.00 PER ICPS ON THE BASIS OF ONE ICPS FOR EVERY FIVE EXISTING ORDINARY SHARES IN SUNWAY HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 6 NOVEMBER 2020 ("RIGHTS ISSUE OF ICPS")
Despatch Date： 10 Nov 2020
Date for commencement of trading of rights： 09 Nov 2020
Date for cessation of trading of rights： 19 Nov 2020
Date for announcement of final subscription result and basis of allotment of excess Rights Securities ：02 Dec 2020

Last date and time for :
Sale of provisional allotment of rights： 18 Nov 2020 05:00 PM
Transfer of provisional allotment of rights： 20 Nov 2020 04:30 PM
Acceptance and Payment： 26 Nov 2020 05:00 PM
Excess share application and payment： 26 Nov 2020 05:00 PM
Available/Listing Date： 08 Dec 2020

thanks for the sharing!

kimmy888, it auto appear after 2-3 days or you need to email request customer service to make it appear in Corporate action? thanks for the sharing..

because i also bought additional units of PR, but those units not yet appear in Rakuten corporate action for subscription yet...

kimmy888, your additional 20k units auto-appear in corporate action after you bought additional PR units? it take how long to appear in rakuten corporate action?

Nope... ICPS has priority over mother share in term of dividend. mother share cannot pay dividend if the ICPS 5.25% dividend is not fullfill... in term of bankruptcy, Bond will get money first, follow by ICPS, then only mother share. This ICPS have auto conversion of 50% to mother share on 4th year and 50% on 5th year...after 5th year, they are the same.

the conversion details is here explain here -> https://klse.i3investor.com/blogs/kianweiaritcles/2020-08-01-story-h1511472945.jsp

no cash needed during conversion. this one is mandatory auto conversion 50% on 4th year and 50% on 5th year... dividend wise is 5.25% it is not compulsory to give, but the nature of preference share is, if preference share dividend not fullfilled, ordinary share cannot pay a single cent dividend. so dividend wise it is more secured than mother share.

if you buy 1000 unit sunway-pr, you entitle to subscribe 1000unit preference share at RM1... if you are using nominee account, just need to communicate with your broker to subscribe it digitally. if you are individual account, then process is the same as normal right issue, you need to fill in the manual form to subscribe, and there is a way to do it online as well, talk to your broker...

finally got people notice the value of sunway-PR... 8 cents plus RM1 subscription... is RM1.08 cost only... and it is 1-to-1 auto conversion to sunway share without cost on 4th & 5th year... now Sunway price at 1.28... it was 15% discount... somemore IPCS got 5.25% fixed dividend... don't know why people just simply throw their PR without calculating...

Singapore open border for Chinese tourist on 6 Nov... finally....

https://www.rwgenting.com/Advisory/CMCO/ ... operate as usual

another case in Apple store mid valley >< .... today parking is so so empty...

buy slowly when price is low... Don't worry on Airline loan... CIMB’s exposure to the aviation industry stands at 2.1% (including business services), but direct exposure to airlines was just 0.4%.

no wonder price started to drop...

Padini Holdings Berhad regrets to confirm that on October 05, 2020, one of our staff has tested positive for COVID-19 at Brands Outlet (Lot CF05 & CF07, Concourse, Paradigm Mall, Jalan SS7/26a, SS7, 47301, Petaling Jaya, Selangor) and the patient is now receiving medical attention.
In line with the Health Ministry’s guidelines our actions are to:
• perform contact tracing
• temporarily close the said outlet to mitigate the risk of infection.
• the outlet will undergo a thorough sanitisation and deep cleaning process.
• arrange our staff in the outlet to be screened and undergo mandatory fourteen (14) days of self-isolation as a precautionary measure.
The safety and health of the team members and shoppers remains our priority. As such, all the information regarding Covid-19 shall be shared quickly and accurately. We apologise for the inconveniences caused.
For further enquiries, please contact Card & Customers Relations Department (CCR) at ccr@padini.com or 03-5021-0600.

really sad to see those photos

Still remember what happen when top glove being blocked in US... actually the business impact is minimal, but the news sent the stock price down so much ....

Actual impact for US export might be small... but this news is big enough in this sensitive period... probably limit down tomorrow...

Inside pyramid ... COVID 19 really harming the retail environment https://www.facebook.com/1423737014545999/posts/2667730366813318/?extid=h1IAHD3DnKfrD4Ay&d=n

I thought the worst is over for sunreit... but 1 positive case ... unlucky case for sunreit... see the situation now https://www.facebook.com/971456966337705/posts/1837616883055038/?vh=e&extid=p1ukVP3iei3k4Tzm

Results totally rebounded after 1 weak quarter only... not bad... even better than last year yoy, although is a slight improvement...

no doubt sunreit is very steady reit, with great reputation and steady growth...

what doubt me whether it is overvalue right now is the item in ->

Sunreit annual report jun2020 analysis: https://vitamincash.com.my/en_US/2020/09/05/sunreit-jun2020-annual-report-summary/

-Net property income yield lower than the borrowing cost
According to the 2020 annual report, Sunreit’s debt borrowing cost was 3.66%, but the net property yield of many of its properties is less than 3.66%, for example:
1）Sunway Putra Mall 3.3%
2）Sunway Resort Hotel 3.5%
3）Sunway Putra Hotel 2.5%
4）Sunway Hotel Georgetown 3.1%
5）Sunway Tower 0.2%
It is not because of COVID-19 if we zoom into FY2019, Sunreit’s debt borrowing cost was 4.02%, and the above Properties (except Sunway Hotel Georgetown) recorded a net property income yield below 4.02%

finally heim surpass carlsberg...

i think the QR if more than 5x profit may be share price will increase as it is beyond expectation.. else if less than 5x then sure drop...because the price has appreciate almost 5x time at all time high ...

KYY @ 5 Sept: "Fortunately, I sold almost all my holdings..."... https://klse.i3investor.com/blogs/koonyewyinblog/2020-09-05-story-h1513345033-Glove_stock_prices_will_rebound_soon_Koon_Yew_Yin.jsp

Actually KYY already hinted retail investor to start unload glove units last week...

KYY @ 5 Sept: "Fortunately, I sold almost all my holdings..."... https://klse.i3investor.com/blogs/koonyewyinblog/2020-09-05-story-h1513345033-Glove_stock_prices_will_rebound_soon_Koon_Yew_Yin.jsp

Actually KYY already hinted retail investor to start unload glove units last week...

KYY @ 5 Sept: "Fortunately, I sold almost all my holdings..."... https://klse.i3investor.com/blogs/koonyewyinblog/2020-09-05-story-h1513345033-Glove_stock_prices_will_rebound_soon_Koon_Yew_Yin.jsp

Actually KYY already hinted retail investor to start unload glove units last week...

"Fortunately, I sold almost all my holdings... " From KYY....
https://klse.i3investor.com/blogs/koonyewyinblog/2020-09-05-story-h1513345033-Glove_stock_prices_will_rebound_soon_Koon_Yew_Yin.jsp

"Fortunately, I sold almost all my holdings... " From KYY....
https://klse.i3investor.com/blogs/koonyewyinblog/2020-09-05-story-h1513345033-Glove_stock_prices_will_rebound_soon_Koon_Yew_Yin.jsp

"Fortunately, I sold almost all my holdings... " https://klse.i3investor.com/blogs/koonyewyinblog/2020-09-05-story-h1513345033-Glove_stock_prices_will_rebound_soon_Koon_Yew_Yin.jsp

from kyy article, he already take profit one week ago... so now he u-turn and write article to encourage everyone to take profit like him...