@incomegenerator Is that true?

Pandemic probably is benefits to LCTitan
https://www.theedgemarkets.com/article/plastic-pandemic-covid19-trashed-recycling-dream

@Eric963708 don't over confident yet, now days very hard to predict cuz pandemic

@Ratz, LCTitan dividend policy is 50% not 40%

Why Rich is getting richer and poor getting poorer? Because rich man always borrow more money to invest when ever there is opportunity, But poor man always worry about having debt and his money with to lend it to rich man. This is why Rich always has huge debt.

you can see from an extremely cash rich Apple who cash can actually buy over 32 largest banks in Europe but still borrow more than 10 billions from market. What's reasons? Simply because interest is too cheap compare to investment return.

Bonus issue likely will be after AGM in Dec

Revenue for Bplant is definitely very strong in near future. What I’m worry that can reduce their profit after tax is windfall tax that may impose when CPO exceeding RM2,500. Heard the Oil Palm association is still negotiating with government for the exemption of windfall tax

@Tang Khangseng, employee’s salary of Rm3000 still have to bear his living expenses beside interest for PTPTN. A company’s profit means is net after all overhead including interest is also paid off. You are comparing an income before expenses with net income after all expenses. Think carefully before compare...

@Tang Khangseng Obviously you are not businessmen and don’t have any FA knowledge. Take for eg, When YTL REIT have about RM600M debt and revenue less than RM200m per annum with interest to pay amounting to RM87M a year. All analysts still give a good rating on their good cash flow and healthy financial status. A company is good or not depending on whether they have healthy positive cash flow or not, profit can cover interest and potential to growth.

Assumed the loan interest is 4.5% pa. Yearly interest for 1.36Bn is only 61m. The company has average yearly revenue of 660m. Interest is only Less than 10% of the revenue. Is very healthy.

@Bigbull99 Special Dividend is definitely? I count on you lor

RM1.69 net cash. NTA RM5.34. Forward PE 6-7x. Compare to PChem PE of 30x and Forward PE around 21x. Is real fire sale Whether price is 2.4 or 2.2. Don't miss the hidden Gem

JFTech deal with Chips Socket, Foreign investors especially Chinese Chips R&D needs them badly. If they withdraw from Malaysia, where they can seek Chips Sockets makers to support their R&D, USA related companies? How Anwar can affect their decision....

1.35-1.37 are just some of recent bought. He actually bought few millions as high as 1.43 since September

Maybe this deal has found suitable investor. https://klse.i3investor.com/blogs/hleresearch/2020-09-04-story-h1513319089-Sunway_Potential_Unlocking_of_the_Healthcare_Unit.jsp

@ gordonramsay ICPS just been granted Syariah status last week. I believe details will announce soon and issuant expected to be completed by this year

During the EGM, the management just mentioned the additional warrants is for existing holders. Logically, I assumed Existing holders refer to existing Warrant holders

What I'm not sure is the additional warrants is free for Existing Warrants holders or others and the yearly reduction is base on percentage of adjustment or 7 cents per year

1.56 is the new conversion in end 2020 after ICPS issue and yearly reduction will carry on till Oct 2023 as the lowest conversion rate

This is extracted from 11th Aug announcement
(i) the existing exercise price of the Warrants:

Adjusted exercise price =Existing exercise price x (C-D)/C
= 1.72 x (1.55-0.15)/1.55 = RM1.56

(ii) the number of Warrants:

Adjusted number of Warrants =Existing number of warrants x C/(C-D)
= 629,958,045 x 1.55/(1.55-0.15) = 697.453,550

Additional Warrants to be issued = 697,453,550 - 629,958,045 = 67,495,505

When ICPS is issue, ICPS expiry date is 5 years but can convert earlier if the holders wants to. So, if ICPS is convert into Sunway Shares before the expiry of warrants. Capital is enlarge even though the expiry date maybe after expiry date of warrants. So, conversion price have to adjust lower due to capital is assume enlarge. You can check the announcement on ICPS.

I believe this is why Cheah family control 62% Sunway and more than 70% WB

on 4/10/20 the conversion price for WB should be RM1.63. There will be further reduction of conversion when ICPS successfully issue. Further adjustment will depends on number of ICPS issue. I believe the final convention price from 4/10/23 will be around RM1.28-1.3. Couple with possible free 8-10% free warrants. Current WB at 0.24 is superb bargain

Besides, there may have some free warrants WB when ICPS are issue

By Oct 2023, The new conversion price will be around 1.28-1.30 when ICPS is launch

@micsoh check this profile of Sunway WB UNDER Remarks https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2894025.

ICPS obtained shari’ah compliance

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3093417

@gongxifachai They heard your voice, today company buy back 740,000 shares at 1.37. cheers

@AlfI3 Sunway management said the ICPS issuing expect to complete by end of this year

@wahd Some investors request ICPS is Syariah compliance. Currently proposed ICPS had submitted for Syariah approval and estimate by Nov will gets approval

Sunway Bhd (5211) – Healthcare re-rating?

Sunway could see some upside if research houses start raising the valuation of its healthcare business.

Bloomberg reported today that Sunway is looking to sell a 20-25% stake in its healthcare unit that could fetch at least USD250 mil.

That means:

If a 20% stake is worth USD250 mil, 100% stake is worth USD1.25 bil.
If a 25% stake is worth USD250 mil, 100% stake is worth USD1 bil.
USD1 bil is about RM4.15 bil.

That is much higher than the valuations given by some research houses, such as:

Kenanga IB: RM1,788 mil
Hong Leong IB: RM1,734 mil
Affin Hwang IB: RM1,800 mil
UOB Kay Hian: RM1,250 mil

Among the four above, Affin Hwang gave the highest valuation of RM1.8 bil.

However, using that USD1 bil (RM4.15 bil) valuation, that’s still a surplus of RM2.35 bil or 42 sen per share (based on fully diluted no. of shares).

42 sen is equivalent to 30% of Sunway’s share price of RM1.40.

@enning22, rather to said Huawei is "spyway". Those so called "advanced countries" claimed they are clean are making false evidence and suppress China because they are so worry to lose out Trillions of business.

Sunway dividend policy is minimum 20% from its core business PATMI. That means they will still pay out dividend

Nokia 5G cost 4x higher than Huawei and quality is inferior. At the end many countries will still go for Huawei.

Don't forget to take a look at Sunway WB, If ICPS is approve, Conversion price will reduce to RM1.32 from Oct 2023 onwards and very likely will get about 8-10% free Warrant due to enlarge capital.

@InvestNotGamble I see you really hard sell Sunway. But I like it cause it is truly good fundamental and potential company

@Ali Baba, ICPS will be listed for trade. Theorytically price quote will be not far from Sunway since is min 1:1 conversion. 1 ICPS right to subscribe is free for every 5 shares and you can sell it if you do not wish to subscribe before the expiry date. If you have 1000 units of ICPS, you are entitled to RM52.5 every year but paying out can be delay and accumulate if the management feels that is necessary. Buy delaying is very rare will affects Sunway's credit rating.

@Ali Baba, Conversion to Sunway is either 1:1 or 20% discount from Sunway price during fixing period, which ever is lower. Means, minimum 1 ICPS can convert to 1 Sunway share or more

If ICPS approve in coming EGM, Sunway WB will get some bonus and conversion price reduce to 1.32 after Oct 2023 due to capital enlarge. Take a look at Sunway WB

Just Prepare to buy in more Careplus on Monday...

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3075370

Mr Lim just acquired another 500,000 share at RM5.20 on 6/8/20

@Lisabell88, Just curiuos did you managed to switch Kossan to Careplus?

Notion is small sampan, anytime will overturn. Better stick to Careplus high speed Cruise

For ACE to move to Main board, needs to have 3 years PAT not less than 20m. Careplus before 2023 will not move to main board

@longtermvaluegain Carepls 应该会转去主板（from ACE to Mainboard）
03/08/2020 3:34 PM

By June 2021 Careplus Capacity will increase 114% to 8.8bn from 4.1bn In June 2021.
Compare to Rubberex, Careplus Has almost 300% capacity but just 200% share issue. Share price still 43% lag behind Rubberex. Compare market to market cap with relative size of capacity, If Rubberex is 5.23. Then Careplus potentially should be RM7.88. If Compare to Top Glove at 25.88 who has 100.4bn capacity in 2021 with share issued 2.7bn. Careplus who has 8.7% of Top Glove capacity with share issued 540m should have potential price of RM11.24. It shows that Careplus is extremely undervalued.


Ny036 Price. Pe(last4q). No of share. Nta
Carepls. 3.65. 63.48. 540m. 0.2641
Comfort. 5.37. 76.15. 583m. 0.56
Rubberex. 5.23. 77.78. 277m. 0.85
Hlt. 1.46. 152. 517m. 0.11
Esceram. 0.78. 67.16. 210m. 0.26
Supermx. 18.5. 178. 1360m. 0.92

Note; rubberex Capacity will more than double fr it new plant in Ipoh fr June onward.

Guy, which one is the most undervalue now????????

The latest updates is installing 10 lines for 2H FY2020.


Goldberg Goinvest88, the 9 newly installed lines will not involve the JV company.
01/08/2020 11:22 AM

@beng970804 Buy now or evening you will still make profit if you can wait. One risk to buy in the evening is.. It may limit up

@silverwave, IB don't cover a company which still have 3 years consercutively losses. But after Q2 results out, scenario will change. I bet in coming weeks, more coverage will be on Careplus

at 3.56, YTD Careplus up 2094%. Champion of all gloves

管他是大哥，还是小哥。会赚大钱的就是好哥