Posted by serendipity89 > 2020-11-10 09:35 | Report Abuse

https://www.nst.com.my/news/nation/2020/11/639761/two-feared-buried-alive-landslide-tambun-resort

Posted by david6055my > 2020-11-10 10:54 | Report Abuse

https://api.sunwaymanagement.com.my/Uploaded/EventFile/1fd84575-31f1-40e7-9e85-b4992b3c8bb3/Annexure%20of%20AP%20on%20e-Subscription1.5-Sunway.pdf

Posted by geoffreylee > 2020-11-10 10:55 | Report Abuse

So I need to pay RM1 to buy Preference Share, in the future I need pay another RM1 to convert into mothershare.

Total RM2 for currently RM1.27 sunway share.

Seem not like a good deal even got dividend of 5.25% for 4 years (around RM0.21)

Posted by Adam Lim > 2020-11-10 11:00 | Report Abuse

if you pay through the TIIH , the fees involved is RM 15. RM 5 handling fees, RM 10 stamp duty

Posted by Adam Lim > 2020-11-10 11:05 | Report Abuse

is that true that after 5 years, those ICPS shares will be converted to mother shares automatically without any conversion fees at all?

Posted by geoffreylee > 2020-11-10 11:14 | Report Abuse

@Adam lim, from what i read in
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3103114
page 77,
conversion price is RM1

Posted by geoffreylee > 2020-11-10 11:16 | Report Abuse

I asked my broker, this PR will listing on market for 5 days

Posted by Adam Lim > 2020-11-10 11:32 | Report Abuse

@geoffreylee, when i purchased the ICPS at TIIH , i already paid RM 1.00, you mean 5 years later if i want to convert to mother shares, i need to pay another RM 1.00 again ?

Posted by geoffreylee > 2020-11-10 11:48 | Report Abuse

@Adam Lim, according to my understanding, is like that,
in TIIH, you pay RM1 for the "subscription fee"
in future, you pay RM1 for the "conversion fee"

Posted by Adam Lim > 2020-11-10 11:51 | Report Abuse

i read the prospectus again at https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3103114, on page 77, it said : "NO additional cash payment is required from ICPS holder for such conversion of the ICPS" , i think after 5 years, we do not need to pay another RM 1.00 to convert it to mother share if we already pay the RM 1.00 now through TIIH

anyone can confirm that?

Posted by ckkhen > 2020-11-10 12:24 | Report Abuse

Posted by Adam Lim > Nov 10, 2020 11:51 AM

I think you are right. No further payment on Conversion.

Posted by WillPauline > 2020-11-10 12:27 | Report Abuse

cant see any sunway option on tiih....weird

Posted by Siew Jian Bin > 2020-11-10 12:40 | Report Abuse

Sunway PR still can drop, really don't believe my eyes. Anyway, I will buy more.

Posted by Siew Jian Bin > 2020-11-10 12:48 | Report Abuse

Why Sunway PR?
1. 5.25% dividend based on RM1. If you able to buy PR at RM0.08, top up RM1, you will get preference share. The dividend yield is around 4.8%. This is a fixed figure as committed by Sunway Management for 5 years.
2. You can exchange preference share into Sunway Share at forth or fifth year. After 5 years, the right will be auto converted to Sunway Share. Means you are buying Sunway at discounted price, which is RM1.08.

Posted by Adam Lim > 2020-11-10 13:06 | Report Abuse

don't forget to include the brokerage cost (if you buy from open market) and TIIH fees (RM 15) when you subscribe to this ICPS

Posted by vic3ai > 2020-11-10 13:54 | Report Abuse

am i able to buy this icps after 18 Nov ?

Posted by Jian Bin Siew > 2020-11-10 13:55 | Report Abuse

You need to have right to convert to preference share. Else need to buy in market based on the market price.

Posted by vic3ai > 2020-11-10 14:07 | Report Abuse

@jian bin siew mean i can buy this icps from market after 18 Nov ?

Posted by gongxifacai > 2020-11-10 14:44 | Report Abuse

pay one time only mah, rm1 for the icps, conversion into ordinary shares no need pay liao. so lets say you bought PR @0.05 today, then you pay another rm1. means you total cost only 1.05 per sunway share. compared to 1.26 current price of sunway, you got discount of 0.21 sen per share which is about 16.66% discount. just that you need hold for 4-5 years. and not to mention 5.45% of interest. worth it la

Posted by Jian Bin Siew > 2020-11-10 15:17 | Report Abuse

8 Dec if not mistaken. @Vic

Posted by Matcha Green Tea > 2020-11-10 15:34 | Report Abuse

Don't forget that share numbers will increase by 20% (1 for 5) causing dilution in the future with major shareholder converting the preferential right share. Basically this is like Rights Issue with interest payment to holders. If you think Sunway share can be lower than RM1 in future, why not buy then. Also, if Sunway is to face cashflow problem with defaults on interest payment, we may not get anything.

Posted by firehawk > 2020-11-10 15:49 | Report Abuse

Sunway Ipoh Banjaran Resort landslide, 2 persons died, buried life.

Posted by Jian Bin Siew > 2020-11-10 15:49 | Report Abuse

https://www.facebook.com/106802820776934/posts/225136575610224/

Posted by Jian Bin Siew > 2020-11-10 15:50 | Report Abuse

Sunway has cash flow issue? They want to expand their medical unit and will listed in future.

Posted by Matcha Green Tea > 2020-11-10 16:07 | Report Abuse

To clarify, "If" that ever happens. Not saying that it would. Am just merely pointing out the possibility and the "What If" situation.

Posted by andychay6124 > 2020-11-10 16:28 | Report Abuse

Dear all Bos, if I had subscribed the PR, can I trading these icps within these 4 years?

Posted by Jian Bin Siew > 2020-11-10 19:12 | Report Abuse

Sure can, Andy.

Posted by Jian Bin Siew > 2020-11-10 19:13 | Report Abuse

Matcha, tqtq for the reminder.

Posted by andychay6124 > 2020-11-10 19:40 | Report Abuse

Thx, Jian Bin Siew

Posted by wts1986 > 2020-11-10 19:50 | Report Abuse

still cannot see the sunway ICPS options after log into tiih.online

Posted by samo50sg > 2020-11-10 21:16 | Report Abuse

Tiih won't update every minute or everyday when it is still trading.

Posted by undermoon > 2020-11-10 21:27 | Report Abuse

@wts1986 after login - filter/search/select from drop box "sunway" then will hv sunway pr/icps click it then "next" , it will show ur CDS account and PR unit.

Posted by Jian Bin Siew > 2020-11-10 21:36 | Report Abuse

Anyone know the PR first day trading volume?

Posted by memorylane > 2020-11-11 10:11 | Report Abuse

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...

Posted by lobster > 2020-11-11 13:50 | Report Abuse

hi memorylane, if i buy some sunway-pr from open market now, do i get to enjoy the same benefit as existing share holders?

Posted by memorylane > 2020-11-11 14:17 | Report Abuse

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...

Posted by taitaumau > 2020-11-11 14:33 | Report Abuse

Prospectus Page 76 said:
## subject to the availability of profit, we shall at the discretion of our Board pay preferential dividend ##
So, dividend, if any, is not fixed.

Posted by Victor Yong > 2020-11-11 14:50 | Report Abuse

Sunway's ICPS - the right =5.5sen add RM1 = RM1.055 , share price =RM1.24, big safety margin. First year to third year dapat dividend 5%+ p.a.

4th year - 50% of the ICPS will become ordinary shares, tak perlu tambah duit. 50% balance dapat dividen 5%++

5th year - the balance 50% bertukar kepada ord shares tanpa bayaran tambahan...


ICPS juga akan didagangkan sehingga tahun ke 5 apabila baki 50% ditukarkan kepada ordinary syer.

Posted by Victor Yong > 2020-11-11 14:51 | Report Abuse

saya rasa dana institusi akan sapu rights untuk icps sebelum tamat trading bagi sunway PR on Nov 18

Posted by Victor Yong > 2020-11-11 14:56 | Report Abuse

Sunway PR Price Range 0.045 - 0.255

Posted by Victor Yong > 2020-11-11 14:59 | Report Abuse

Subscribing the ICPS - 5%++ dividend till dapat balik semua ordinary shares.

So, fixed dividend income + potential capital gain from 4th & 5th year... Sunway is very diversified, so the risk is mitigated, etc.

Posted by Victor Yong > 2020-11-11 15:01 | Report Abuse

I saw cheah family members and EPF buying sunway shares before the cut-off date for the rights to subscribe the ICPS... Must be a good deal for them... think about it

EMPLOYEES PROVIDENT FUND BOARD 02-Nov-2020 Acquired 384,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 30-Oct-2020 Acquired 472,400 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 28-Oct-2020 Acquired 1,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Oct-2020 Acquired 400,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 21-Oct-2020 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 15-Oct-2020 Acquired 63,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 14-Oct-2020 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 13-Oct-2020 Acquired 118,100 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 02-Oct-2020 Acquired 400,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 30-Sep-2020 Acquired 152,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Sep-2020 Acquired 250,000 0.000 View Detail
MADAM SARENA CHEAH YEAN TIH 29-Sep-2020 Acquired 1,470,000 0.000 View Detail
MR ADRIAN CHEAH YEAN SUN 29-Sep-2020 Acquired 1,470,000 0.000 View Detail
MR EVAN CHEAH YEAN SHIN 29-Sep-2020 Acquired 1,470,000 0.000 View Detail
PUAN SRI DATIN SERI (DR) SUSAN CHEAH SEOK CHENG 29-Sep-2020 Acquired 1,470,000 0.000 View Detail
TAN SRI DATO' SERI DR JEFFREY CHEAH FOOK LING AO 29-Sep-2020 Acquired 1,470,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 28-Sep-2020 Acquired 149,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Sep-2020 Acquired 38,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Sep-2020 Acquired 1,834,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Sep-2020 Acquired 1,000,000 0.000 View Detail
MADAM SARENA CHEAH YEAN TIH 24-Sep-2020 Acquired 300,000 0.000 View Detail
MR ADRIAN CHEAH YEAN SUN 24-Sep-2020 Acquired 300,000 0.000 View Detail
MR EVAN CHEAH YEAN SHIN 24-Sep-2020 Acquired 300,000 0.000 View Detail
PUAN SRI DATIN SERI (DR) SUSAN CHEAH SEOK CHENG 24-Sep-2020 Acquired 300,000 0.000 View Detail
TAN SRI DATO' SERI DR JEFFREY CHEAH FOOK LING AO 24-Sep-2020 Acquired 300,000 0.000

Posted by freedomfund > 2020-11-11 15:02 | Report Abuse

There is confusion on CONVERSION PRICE from ICPS to mother share. Some say free conversion, some say need RM1. But look at page 78, it says "The Conversion Price shall be subjected to amendments from time to time..." Is this not a price that need to be paid when converting ICPS to mother share? Confusing isn't it.

Posted by freedomfund > 2020-11-11 15:03 | Report Abuse

If conversion from ICPS to mother share is free, why need to amendment to Conversion Price?

Posted by Victor Yong > 2020-11-11 15:05 | Report Abuse

I believe unit trust funds will grab the rights for the ICPS before the last day for trading the rights. fingers crossed

Posted by Victor Yong > 2020-11-11 15:17 | Report Abuse

That's why.. a lot of people confused... selling their rights for ICPS cheaply. they will regret later. :)


just confirm with your remisiers or investment bank punya staff. senang...




@@


freedomfund If conversion from ICPS to mother share is free, why need to amendment to Conversion Price?
11/11/2020 3:03 PM

Posted by Victor Yong > 2020-11-11 15:18 | Report Abuse

Once the right for the ICPS is understood by investors, I rasa tak boleh dapat the right at current cheap price ~5.5sen

Posted by Victor Yong > 2020-11-11 15:21 | Report Abuse

2 parts of gains for the ICPS - dividend 5%++ = 2 to 3X bank FD rate + sunway share price appreciation on the 4th & 5th when 50% of ICPS will become sunway ordinary shares without further payment. Period!!!!


Dont throw away your rights for ICPS like garbage :) your money your wealth

Posted by Victor Yong > 2020-11-11 15:23 | Report Abuse

Also, ICPS will be traded till 5th year when the remaining 50% is converted into ordinary sunway shares without further payment needed.

What a deal!

Posted by freedomfund > 2020-11-11 15:25 | Report Abuse

I am checking with Bursa if this conversion from ICPS to ordinary mother share, need another payment or not. If need another payment, then this PR is vastly out-of-money ie pay RM2 vs current mother price of RM1.23