Yesterday the warrant price was 41sen and mother share was Rm1.66
The holder of warrants has two options to choose from for him to get one mother share.
First he can surrender the warrant and buy a bank draft for RM1.56 and convert the warrant into mother share. His cost is the market value of the surrendered warrant plus the conversion price that is 41+ 1.56 = 1.97 Hence,he unwittingly paid 197 for a share that is worth 1.66
Second, he can sell his warrant in the open market for 41sen and than top up 1.25 to buy one mother share in the open market at 1.66. In this case he can save 1.56 minus 1.25 equal to 31sen per share. Two days ago some one convert 136622 shares.
Thanks to the Home Ownership Campaign (HOC), digital marketing initiatives and new launches, developers under our coverage registered a commendable 37% YoY growth in new sales (Exhibit 2).
For FY22F, most developers are setting conservative sales targets (lower than FY21 actual sales) likely due to the expiration of the
HOC. However, Mah Sing and Lagenda, which focus on affordable housing developments, are setting higher sales targets in anticipation of pent-up demand in this market segment.
Potential rise in residential demand following the reopening of borders... Moving forward, we foresee a gradual recovery in property transaction volumes, especially in the residential segment with the reopening of international borders on 1 April 2022 and the resumption of international trade and travel given the relative regional affordability of Malaysia’s developments, notwithstanding stricter criteria for the Malaysia My Second Home programme.
The exercise price of Sunway-WB will be adjusted downwards from RM1.49 to RM1.42 per Warrant effective from 4 October 2022 pursuant to a fixed annual step-down of RM0.07 per year on each of the anniversary dates from the first issuance of the Warrants in accordance with the Deed Poll for Warrants dated 19 September 2017 ("Deed Poll"). The revised exercise price of RM1.42 per Warrant will be effective for a period of one year from 4 October 2022.The exercise price of WB will be further adjusted downwards from RM1.42 to RM1.35per Warrant effective from 4 October 2023.
extracted from the press release. Pursuant to MFRS 15, development profit from two of the Group’s on-going property development projects in Singapore will only be recognised upon completion and handover of the projects, which is expected to be in FY2023. The accumulated profit of these projects amounted to RM101.7 million, of which RM14.2 million was recorded in the current quarter, but was not recognised.
KUALA LUMPUR (Dec 28): Toyo Ventures Holdings Bhd's units have entered into an interim agreement with a consortium led by Sunway Construction Group Bhd (SunCon) to negotiate details for the consortium to undertake a US$2.2 billion (RM9.73 billion) job for the development of a 2,120 MW coal-fired power plant in Vietnam.
The agreement sets out the framework for negotiations and discussions between the parties to establish the detailed terms and conditions about the contractor's performance in design, engineering, procurement, manufacture, supply, construction, erection, testing and commissioning of the electric generation facility.
1. Yes and truly we don't know why and much less understand its decline and continued weakness in its share price. In my opinion the current share price does not reflect its profit performance its fundamental and future value of the company.
2. Hence, the continued weakness in share price actually opens up an opportunity for you to invest in a great company at a fair price. The jewel of Sunway is in the health care business. It is profitable, scalable and sustainable.
3.Share investment is about buying a good stock, ignore the noise and holding onto it with endurance and perseverance. Sunway has all the ingredients of a long term value investing stock.
4.When they have a corporate exercise to raise fund by issuing Sunway PA, I wrote about it and invested in it. The Sunway PA has its shortcoming. It is absolutely boring and highly illiquid.
5. But, no one is complaining. At 155 it has grown 55% in 2 years. Investors are collecting 5.25% yearly interest and fearlessly waiting for it to mature and be naturally converted into mother share. The number of issued preference share is 997m and Tan Sri and Family is holding 70%. Can it go wrong?. You be the judge. 20/1/2023
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....