Posted by CUTLOST > 2020-08-13 11:45 | Report Abuse

My sunway sudah jalan.. 1.28 yesterday... Now heading back to 1.50

Posted by RainT > 2020-08-13 17:20 | Report Abuse

tomorrow down more ya

I want buy SUNWAY at bargain price

now all bad news fly

about shopping mall will dead, hotel will dead, property will dead

and its time to buy SUNWAY

Posted by Stockisnotfun > 2020-08-13 17:40 | Report Abuse

come to papa please

Posted by 000698 > 2020-08-13 19:24 | Report Abuse

RainT tomorrow down more ya

I want buy SUNWAY at bargain price

now all bad news fly

about shopping mall will dead, hotel will dead, property will dead

and its time to buy SUNWAY
13/08/2020 5:20 PM


Good company does not wait, just pop in. I pop in price 1.31

Posted by Choy Yee Lun > 2020-08-13 21:37 | Report Abuse

ICPS 对 sunway wa 有影响吗？可以买ICPS 吗？
如果有10 lots？

Posted by vinc3nt > 2020-08-14 11:28 | Report Abuse

bought some =D

Posted by Coolbird > 2020-08-14 19:11 | Report Abuse

Time to sapu~ dont miss the boat

Posted by digi2222 > 2020-08-15 10:47 | Report Abuse

yeah...good time to collect at low price
this is bottom price already..

Posted by AK2899 > 2020-08-15 21:55 | Report Abuse

Sunway will drop lower again !!!

Posted by AlfI3 > 2020-08-17 22:54 | Report Abuse

Usually once d RI dates dtils released, its prc will go down further during d 2 weeks time

Posted by Valgrovest > 2020-08-18 13:42 | Report Abuse

I think better to buy after the qtr result (before end of this month) is out and RI completed. Scare qtr result turns out bad which can be likely due to MCO.

Posted by klinnsman39 > 2020-08-18 16:26 | Report Abuse

EPF and Dato Sri Lin See Yan also accumulating.

Posted by ali baba > 2020-08-18 20:55 | Report Abuse

https://www.klsescreener.com/v2/news/view/715221/suncon-quarterly-profit-falls-to-lowest-since-listing-as-mco-drags-announces-two-new-projects-worth-rm866m

Posted by 2387581 > 2020-08-19 12:52 | Report Abuse

Wait QR to be announced on 25/08 and see

Posted by DreamKaiser > 2020-08-20 23:25 | Report Abuse

tidor lagi juga

Posted by DreamKaiser > 2020-08-20 23:26 | Report Abuse

still hibernating lagi juga

Posted by DreamKaiser > 2020-08-20 23:26 | Report Abuse

when going to wake up

Posted by DreamKaiser > 2020-08-20 23:26 | Report Abuse

mana boleh tidor juga bnyk lama ini mcm

Posted by DreamKaiser > 2020-08-20 23:28 | Report Abuse

misti mau kasi itu morale boosting sama itu investors skt la

Posted by DreamKaiser > 2020-08-20 23:28 | Report Abuse

nanti dia org lari pegi lain tempat punya oh

Posted by klinnsman39 > 2020-08-21 10:04 | Report Abuse

Sudah start jalan. Hopefully break 1.37 and sustain.

Posted by InvestNotGamble > 2020-08-21 14:29 | Report Abuse

Obviously undervalued counter. Good counter for few months profit and long term stability.

Posted by DreamKaiser > 2020-08-22 01:18 | Report Abuse

waah

Posted by DreamKaiser > 2020-08-22 01:19 | Report Abuse

sudah ada movement skt kah

Posted by DreamKaiser > 2020-08-22 01:19 | Report Abuse

nmpk mcm ada skt la

Posted by makelittlemoney > 2020-08-22 14:08 | Report Abuse

cant wait dont buy la..

Posted by MadameTan > 2020-08-22 14:54 | Report Abuse

Top up some last Friday…..

Posted by InvestNotGamble > 2020-08-22 15:49 | Report Abuse

sunway recently launched new package Stay+Scan+Shop promotion to boost their sales for sunway velocity hospital and mall, also family bundles 499 for 3 days 2 nights sunway hotel+lagoon+rm50 shopping voucher for 2 adults & 2 kids. I like their management always stay competitive and fight for market share. EPF and their directors been acquiring a lot of sunway share in open market. I'm sure the QR is better than expected.

Posted by OracleOfOmaha > 2020-08-24 17:42 | Report Abuse

Tomorrow is likely to be SUNWAY announcement day, I run first hehe

Posted by ali baba > 2020-08-25 10:27 | Report Abuse

https://www.nst.com.my/business/2020/08/613692/sunway-reits-fy20-net-profit-drops-4611pct

https://www.theedgemarkets.com/article/suncon-quarterly-profit-falls-lowest-listing-mco-drags-announces-two-new-projects-worth

Posted by investory321 > 2020-08-25 17:55 | Report Abuse

Old news, current price already factor in

Posted by Maxigain > 2020-08-25 20:21 | Report Abuse

It’s already factored in. It’s been expected to register losses for this qtr. In fact is better than expected. It won’t hv much impact, worst is over..

Posted by ali baba > 2020-08-25 21:54 | Report Abuse

Everyone stated the worst is over? I think the selling pressure will be there.
Let me queue buy at 1.25, 1.18 and 1.10. Let me support from the bottom. If match, then good. If not, then look else where. :)

Posted by makelittlemoney > 2020-08-25 22:15 | Report Abuse

actually not that bad.. you see the operating cash flow.. able to maintain positive cash during operating

Posted by InvestNotGamble > 2020-08-26 10:45 | Report Abuse

SEE, much better than expected QR result, now sunway price finally moving after clearing all the worries of bad QR. Pro management by Sunway, even close down 3 months also can gain profit before tax, and after tax only 4m loss. Respect and Salute. This kind of company must invest when everyone overlook and go goreng medical stock. Soon will definitely bounce back. breaking 1.35 now!!!

Posted by investory321 > 2020-08-26 10:46 | Report Abuse

small losses only, performance is much better than expected, time to buy in for recovery

Posted by InvestNotGamble > 2020-08-26 13:11 | Report Abuse

1.36 already! If it breaks 1.4 today it will fly high!

Posted by SCK82 > 2020-08-26 13:52 | Report Abuse

Anyone know, this QR, do declare Div or not ?

Posted by Valgrovest > 2020-08-26 14:14 | Report Abuse

No dividend declared. Not hoping for it as company needs to conserve cash and also proposing a rights issue via ICPS to raise funds. A bit reluctant to buy at the moment in view of the fund raising exercise....

Posted by InvestNotGamble > 2020-08-26 14:26 | Report Abuse

Fund raising exercise mainly is to reduce loan ratio and to fund new hospital developments, and it's preferential share available internally and only convertible after 4-5 years, with yearly gurranty of 5%++ interest. I feel sunway is playing safe, while having 5b cash but calling for extra cash makes this ship safe and sound. I feel the ICPS is a positive move. and the 15% share drop is already factored in after the announcement made few months ago. Now can only move upward.

Posted by Valgrovest > 2020-08-26 14:41 | Report Abuse

Thanks for the info on the proposed ICPS. Worth considering, i think.

Posted by InvestNotGamble > 2020-08-26 14:45 | Report Abuse

Broken 1.36 resistant, now heading 1.40! Now everyone sees sunway great value. Top pick for value investing.

Posted by InvestNotGamble > 2020-08-26 16:09 | Report Abuse

SUNWAY BOOM BOOM POW! BREAKING 1.38!!! finally move this hidden gem!

Posted by joeduff22 > 2020-08-26 16:11 | Report Abuse

any good news for share price up?

Posted by InvestNotGamble > 2020-08-26 16:15 | Report Abuse

@joeduff22


InvestNotGamble SEE, much better than expected QR result, now sunway price finally moving after clearing all the worries of bad QR. Pro management by Sunway, even close down 3 months also can gain profit before tax, and after tax only 4m loss. Respect and Salute. This kind of company must invest when everyone overlook and go goreng medical stock. Soon will definitely bounce back. breaking 1.35 now!!!
26/08/2020 10:45 AM

This is the reason. Good Company, Strong Asset, Good Management, Good Prospect, Strong Catalyst (Medical Line to go IPO in near future).

Give me a reason why it shouldn't go up further?

Posted by InvestNotGamble > 2020-08-26 16:20 | Report Abuse

Major shareholder, EPF been sapu-ing the share since early august, they are trying hard to press the price down to absorb more before ICPS exercise. This ICPS exercise is a super bargain and huge perks for existing shareholder. Otherwise this share already shoot back 1.8 level just like her baby sunway construction.

Posted by InvestNotGamble > 2020-08-26 16:29 | Report Abuse

Any price below 1.6 is super bargin for sunway. Safe and Sound investment.

Remember: We Invest Not Gamble!

Posted by InvestNotGamble > 2020-08-26 16:36 | Report Abuse

From Hong Leong Analyst

Sunway reported 1HFY20 core PATMI of RM76.4m (-69.4% YoY). Effective sales stood at RM586m (76% of revised target). Note that Sunway has revised its effective sales and launch targets to RM770m and RM2.1bn respectively. Effective unbilled sales stood at RM2.5bn (4.6x cover ratio). On the healthcare segment, SMC’s latest utilisation now hovers close to 65% from its low of <20% previously. 2HFY20 will be supported by the handover of overseas projects of RM160m to the bottom-line. We increase our FY20/21/22 forecasts conservatively by +1.2%/+1.1%/+0.4% and maintain BUY with an unchanged TP of RM1.95 based on a 10% holding discount.

Slightly above. Sunway reported 2QFY20 core PATMI of RM7.4m (-89.3% QoQ, - 93.4% YoY) bringing 1HFY20 core PATMI to RM76.4m (-69.4% YoY) which forms 19.7% and 17.3% of our and consensus full year forecasts, respectively. Despite only forming 19.7% of our estimates, we deem the results slightly above expectations as 2QFY20 had better-than-expected contributions from the Property Development segment while 2HFY20 will be supported by the handover of overseas projects of RM160m to the bottom-line. 1HFY20 core PATMI was derived after excluding - RM26.5m in EIs (-RM16.5m revaluation loss and -RM10m of impairments).

Dividends. None declared (2QFY19: 4.57 sen per share, inclusive of treasury share).

QoQ/YoY. Core PATMI fell -89.3%/-93.4% to RM7.4m from lesser revenue sources due to MCO coupled with unavoidable operating costs. Nonetheless, most of the segments remained profitable with the exception of Property Investment, Quarry and Healthcare (largely stemming from SMCV).

YTD. Core PATMI dropped -69.4% to RM76.4 on the back its operations impacted by MCO coupled with lower contributions from its associates.

Property development. New effective sales of RM64m was achieved in 2QFY20, bringing 1HFY20 to RM586m (76% of revised target). Note that Sunway has revised its effective sales and launch targets to RM770m (from RM1.4bn) and RM2.1bn (from RM3.3bn) respectively as seen in Figure#3. Effective unbilled sales stood at RM2.5bn, representing a strong cover ratio of 4.6x on FY19’s property revenue.

Construction. SunCon reported 1HFY20 core earnings of RM4.6m (-74% QoQ, -86% YoY) while current orderbook stands at RM6.3bn which implies a healthy cover of 3.6x on FY19 construction revenue.

Healthcare. The overall performance was impacted by the Covid-19 fear as number of admissions and outpatient treatments dropped with elective surgeries being postponed. The segment reported a net loss of -RM16m (1HFY20 net loss -RM20.4m) as it was further impacted by SMCV registering an operating loss of -RM9.5m (1HFY20: - RM21.5m). On a brighter note, SMC’s latest utilisation now hovers close to 65% from its low of <20% previously.

Outlook. We expect a strong earnings recovery in 2HFY20 as it will be underpinned by the block recognition of property projects delivered in Singapore (RM120m) and Tianjin, China (RM40m) in 4QFY20. This is further supported by the normalisation of construction activities by SunCon, Leisure & Hospitality division (theme park operating from July onwards), retail malls and Healthcare division. Separately, the group will hold the EGM on the approval of ICPS on 2 Sept. The offering of ICPS is attractive given the dividend yield of 5.25% based on primary shares.

The hidden gem. Sunway’s hidden gem lies in the healthcare sector with its concerted efforts to build new hospitals and expanding the established Sunway Medical. We gather that the group will likely invite strategic shareholders to expedite the development of the Healthcare division prior to a potential separate listing in later years.

Forecast. We increase our FY20/21/22 forecasts conservatively by +1.2%/+1.1%/+0.4% as we impute better contributions from the Property Development segment, given the resumption of construction works, pending further clarity on the magnitude of its recovery.

Maintain BUY but with an unchanged TP of RM1.95 based on a 10% holding discount to SOP-derived value of RM2.17. Sunway remains our top pick in the property sector given its well-integrated property and construction developments. The value of the healthcare business (with new hospitals and the SMC expansion coming on stream over the next three years) has yet to be appreciated as it is embedded within the parent - co. This, coupled with the resilient earnings from matured investment properties alongside its growing building materials business and quarry operations, justifies for the re-rating of the stock.

Posted by david6055my > 2020-08-26 16:57 | Report Abuse

@InvestNotGamble What does icps means in layman terms?

Posted by klsebursamalaysia > 2020-08-26 18:03 | Report Abuse

=.=lll.. 2Q net loss 6.7 millions, last 4Q PE shoot up to ~17. 3Q definitely cannot earn so much as last year, PE will shoot up to ~20 with the current price. This is the reason why share price remain the same as March'20 time. Better follow Cold eye method to buy growth stock. T.T