Posted by L. C. Chong > 2015-05-27 21:59 | Report Abuse

SUNWAY Analysis - https://lcchong.wordpress.com/2015/05/27/sunway-fundamental-analysis-27-may-2015/

Posted by CrossSymbol > 2015-05-29 00:04 | Report Abuse

Heard there's one more special dividend coming.

Posted by Ng MC Angie > 2015-05-29 00:09 | Report Abuse

Why drop ??

Posted by Vaylens Chong > 2015-05-29 00:18 | Report Abuse

because 1mdb...

Posted by jeffrey_091079 > 2015-05-29 16:02 | Report Abuse

just wondering is the current sell off due to the up coming Fitch rating

Posted by supernova > 2015-05-29 16:15 | Report Abuse

i notice they are testing the BRT line redi. anytime will up up up

Posted by Ng MC Angie > 2015-05-29 17:06 | Report Abuse

Supernova, hope as you said, up soon

Posted by CrossSymbol > 2015-05-29 23:03 | Report Abuse

http://www.themalaymailonline.com/malaysia/article/abu-dhabi-firm-to-throw-1mdb-rm1b-lifeline-minister-says?ref=yfp

Posted by Wolverin3 > 2015-06-02 16:36 | Report Abuse

I heard new TP for Sunway before SUNCON listing is RM 4.20. Any comments?

Also special dividends incoming!!!!! RM 0.30++++

Posted by CrossSymbol > 2015-06-02 23:11 | Report Abuse

Yes special dividend is coming its just a matter of time.

Posted by abayasekmimi > 2015-06-05 15:28 | Report Abuse

IPO price for Suncon to be announced on 2July. $1.10-$1.20. Listing in KLSE on 21 July.

Posted by Ng MC Angie > 2015-06-08 12:36 | Report Abuse

If suncon listing, would sunway drop, how much would drop, anyone know d culcalation ?

Posted by maxkiller > 2015-06-08 14:37 | Report Abuse

already drop I think..

Posted by i3i2i1 > 2015-06-08 16:39 | Report Abuse

ops!

Posted by kuyhwonwinray > 2015-06-09 00:16 | Report Abuse

when is the ex date of special div ? is around august or september ?

Posted by ilajoe > 2015-06-09 09:20 | Report Abuse

why drop?

Posted by suz99 > 2015-06-09 09:54 | Report Abuse

sunway construction share is distributed!!!

Posted by supernova > 2015-06-09 09:56 | Report Abuse

congrats!

Posted by suz99 > 2015-06-09 09:58 | Report Abuse

I am in sunway, skybus is running already, everything is done in speedy efficiently.

Posted by ilajoe > 2015-06-09 10:02 | Report Abuse

yup..suncon shares distributed yesterday.suncon shares disrtibuted so sunway shares drop?

Posted by Ng MC Angie > 2015-06-09 16:09 | Report Abuse

When is suncon ipo

Posted by asianstock1 > 2015-06-09 17:39 | Report Abuse

why I havent get Suncon in my portfolio???

Posted by Tigerbeer > 2015-06-09 18:47 | Report Abuse

I also havent get damn!

Posted by happy1983 > 2015-06-09 18:58 | Report Abuse

i get already... and today receive letter as well.

Posted by CrossSymbol > 2015-06-10 00:12 | Report Abuse

I haven't get the sun con in my portfolio as well @@

Posted by tigerbeer > 2015-06-11 07:33 | Report Abuse

Today will continue flow down the drain.. Hahaha

Posted by skylifttoptoptop > 2015-06-11 09:38 | Report Abuse

both cds n nomines acc should get the suncon shares in same day. the special dividend is after scg suncon listing july21.

Posted by Alex Hunter > 2015-06-11 09:55 | Report Abuse

until now also dun HV. I using jupiter, is tat normal?

Posted by suz99 > 2015-06-11 12:52 | Report Abuse

As long as you are holding sunway last on 8 may by 5pm. then you are entitled to sun con shares.

Posted by ExLaSalle84 > 2015-06-18 16:28 | Report Abuse

Kpts saham khas SCG tlh keluar.Yg berjaya tahniah dan yg tdk berjaya kena tunggu IPO public pula.

Posted by MSTrader > 2015-06-19 10:27 | Report Abuse

sun con tu brp harga indikatif nya?

Posted by Hagiwara Matsudaira > 2015-06-19 12:08 | Report Abuse

ok ker sun con ni...

Posted by ExLaSalle84 > 2015-06-19 16:17 | Report Abuse

MSTrader....RM 1.20

Posted by Tigerbeer > 2015-06-21 14:50 | Report Abuse

Sun Con is getting non stop project from mother sunway, but is it a CON? let's see...

Posted by MSTrader > 2015-06-22 12:02 | Report Abuse

It is a good news or bad news for Sun Con Ipo?

Sunway Bhd’s shareholders will receive special cash dividend of between 22.0 sen to 25.0 sen and a 1-for-10 distribution-in-specie of free soon-to-be-listed Sunway Construction Group Bhd’s (SCG) shares, according to a circular issued by Sunway to its shareholders recently.

Based on the illustration provided in the Group’s circular to its shareholders, MIDF Research envisaged the retail initial public offering (IPO) price of SGC to be RM1.10/share. According to the circular which also contains notice of extraordinary general meeting on April 20, Sunway proposes to distribute at least 156 million shares of 20 sen each to its entitled shareholders.

“The final retail share price will be determined later and be subjected to agreement between directors of SCG, shareholders disposing their shares and the joint global coordinators,” MIDF Research pointed out. “Upon completion of the corporate exercise, SCG will have 1.293 billion shares listed on Bursa Malaysia. Assuming the IPO Price of RM1.10, SCG’s market cap will be RM1.42 billion.”

Aside from the 156 million shares sets aside for Sunway’s shareholders, the remaining 415.3 million shares will be offered for sale to institutional and selected/Bumiputera investors (344.2 million) as well as eligible directors, employees and the Malaysian public (71.1 million), according to the Sunway’s circular.

MIDF Research said it is positive on the IPO price of RM1.10 as it is valuing SCG at historical PE (price-to-earnings ratio) of 12.4x, which is slightly higher than the current Sunway’s HPE of 12.0x.

The 12.4x HPE is close to mid-cap construction companies historical PE of 12.9x, according to the research house. Post corporate exercise, Sunway’s stake in SCG will be reduced to 51.0%.

“We are positive on the exercise as it will allow Sunway’s shareholders to receive dividends in range from 22.0 sen to 25.0 sen (indicative),” projected MIDF Research. “The exercise will also allow Sunway’s shareholders to partially monetize the value of its construction arm while continuing to benefit from prospects of the strong earnings of its construction business.”

MIDF Research has adjusted upward Sunway’s target price to RM3.97 from RM3.72 previously by taking into account the minimum dividend of 22 sen and the 0.1 shares in SCG worth 11 sen. Additionally, the revised target price also included a lower post-SCG IPO share price for Sunway (after the ex-date for the entitlement of dividend and distribution in-specie) of RM3.64.

“Our rating has also been revised to TRADING BUY (from BUY) as the announced amount of special cash dividend and the illustrative IPO price for SCGs appear to be attractive to investors,” added MIDF Research.

At market close today, Sunway was down 4 sen to RM3.74 with 874,800 shares traded.

Posted by Shermine Ng > 2015-06-23 11:14 | Report Abuse

Market closed sunway 3.38 yesterday

Posted by leecuteguy > 2015-06-23 15:09 | Report Abuse

anybody what the meaning of share buy back

Posted by myshare > 2015-06-23 21:51 | Report Abuse

allocated 70000 of Sun Con via MITI @ 1.20..Is it a good buy or will be the same fate as Malakoff?

Posted by supernova > 2015-06-24 09:00 | Report Abuse

rm 1.20 is good price. MRT line 2, sun con is heavy contender.

Posted by MSTrader > 2015-06-24 09:49 | Report Abuse

Malaysia's Sunway Construction to set tight bookbuilding range in $133 mln IPO -sources
KUALA LUMPUR, JUNE 23
Malaysia's Sunway Construction Group Bhd IPO-SCOG.KL is likely to set a tight price range for its initial public offering (IPO) bookbuilding process, two people with knowledge of the matter said, due to strong demand from domestic investors.

The top end of the range will value the IPO at 498 million ringgit ($133.35 million). The people declined to be named because they are not authorised to speak to the media.

The company, part of Malaysian construction-to-property conglomerate Sunway Bhd, is likely to set an indicative range of around 1.15 ringgit to 1.20 ringgit per share, and start taking orders on June 29, the people said.

The bottom end of the range has not yet been finalised, they said.

Officials at Sunway were not immediately available to comment.

RHB is the IPO's principal adviser. RHB and Maybank are joint global coordinators, joint bookrunners and joint underwriters, a draft prospectus showed.

HSBC and Standard Chartered are also joint bookrunners, the draft showed. ($1 = 3.7345 ringgit) (Reporting by Yantoultra Ngui; Editing by Christopher Cushing)

http://www.reuters.com/article/2015/06/23/sunway-ipo-idUSL3N0Z91Z020150623

Posted by ExLaSalle84 > 2015-06-24 15:41 | Report Abuse

6 cornerstone investors.

Posted by supernova > 2015-06-24 15:43 | Report Abuse

wow, a must grabbed IPO

Posted by ExLaSalle84 > 2015-06-24 16:06 | Report Abuse

Senarai cornerstone investors ...
1.Affin Hwang Capital
2.Great Eastern
3.Hong Leong Asset Management
4.Maybank Asset Management
5.RHB Asset Management
6.UOB Asset Management

Posted by martinbartesque > 2015-06-24 17:16 | Report Abuse

Seems more & more people selling Sunway share every day. May be something wrong.

Posted by ImCK > 2015-06-24 17:17 | Report Abuse

all focus on sunway con
sunway bohlat liao

Posted by MSTrader > 2015-06-25 09:21 | Report Abuse

ExLaSalle84..where do you got info about the 6 cornerstone investors??could you share the link??

Posted by ExLaSalle84 > 2015-06-25 09:25 | Report Abuse

MSTrader.....wwwGlobalcapital.com

Posted by MSTrader > 2015-06-25 13:18 | Report Abuse

ok thanks..is it the cornerstone have some compulsory period of time to hold this share??

Posted by Michael Wong Yew Kong > 2015-06-29 11:47 | Report Abuse

RM1.20 Per share is high in my personal opinion, will rather keep cash during this very unstable market or put my trust on Tropicana Share RM1.00 per share as now.

Posted by CrossSymbol > 2015-06-30 17:09 | Report Abuse

What the hell is wrong with the last min before closing today.. LOL!