Posted by Dakewlest > 2021-06-15 01:53 | Report Abuse

Vincent, unlock value??

Posted by invest icon > 2021-06-15 09:25 | Report Abuse

Vincent, dispose 20% hospital group at high PE to "strategic investor" will definitely add value to Sunway.

Posted by florenceyong > 2021-06-15 12:07 | Report Abuse

Hoot

Posted by fortheemprah > 2021-06-15 19:15 | Report Abuse

ESG investing is taking the world by storm. Sunway is probably the only large conglomerate that embraces ESG, diversified, digitalization, medical, education, etc.

Posted by Lanmum > 2021-06-16 11:14 | Report Abuse

Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Posted by fortheemprah > 2021-06-16 16:19 | Report Abuse

https://www.theedgemarkets.com/article/sunway-plans-bid-digital-banking-permit

This is the type of news that we all want to read. Sunway plans, new areas, progress, etc. Finally the Cheah family got off their thrones and did some PR work.

Posted by awesome20 > 2021-06-16 17:58 | Report Abuse

if you dont know, sunway now conquer malaysia western union business...

Posted by Investformilkmoney > 2021-06-17 10:22 | Report Abuse

Any advice on sunway?

Posted by trader808 > 2021-06-17 10:30 | Report Abuse

Sunway –PA
I discovered this by chance. It is convertible preference shares and a cheap entry that allows you to ride on the growth of the mother share and at the same time enjoys dividend payment twice a year. In the past I have never invested in any preference shares. After some studies, I found this one is intrinsically valuable, attractive and in fact irresistible.
Sunway –PA was created by people who have profound wisdom, deep insight and enormously huge amount of knowledge and intelligence with a clear vision and mission to add value and make money. It was undertaken in a manner in which fertile water was flowing back into the owner’s field. In short it benefits them and those people who seize the opportunity to patiently ride with them freely. This is an extraordinary example of entrepreneur with great minds whose PROFIT is made at the time of buying.
On 6th Nov 2021 Sunway issued a circular that it was offering to sell 977m RCPS at 1.00 of which 600m+ of original rights are eventually allotted to the owner because annual reports say the family own 64% of the company. The RCPS comes with 5.25% of excellent interest. Considering commercial banks now pay 1.8% for FD, hence SUNWAY is paying 290% more than the banking rate. This in itself is already unusually attractive.
The RCPS is convertible into mother share at Rm1.00 a ratio of one PA for one mother sure. On 6/11/20 even before it comes into existence, the mother share was trading at 1.25 that is 25sen above conversion price. The potential paper profit is already 600m x 0.25 is 150m.
When the fund raising exercise was completed and started trading on the 8/12/20 share price has gone up to 1.45. This means 45sen above conversion price or a paper profit of 600 x 0.45 is 270m
In just a few months the share price has hit a height of 175 and now holding firmly at between 160 and 165. That is 60sen above conversion price or a paper gain of 600m x 0.60 is 360m.
In addition to this paper gain holders of 600m PA will enjoy 600m x 5.25% or 31.5m interest payment annually or guarantee a total of 158m until maturity.
The PA has huge potential. With every passing day, it is moving towards maturity and the price gap will be getting smaller. Because the exchange ratio is 1: 1eventually, the PA will catch up to the mother share. When that happens in 4 to 5 years’ time Tan Seri could make billion when share price hit beyond 2.50. This may or may not happen but it has great potential and realistically achievable.
The catalyst include divestment or listing of Sunway Healthcare Holdings, expansion in retail pharmacy through M&A – MULTICARE, new venture into Digital Banking just to name a few.
I can’t analysis profit and loss account and much less understand about cash flow statement and has no ability to unmask the strength and weakness of balance sheet.
My investment method is simple and that is to follow the smart, rich and famous. Today we are counting Tan Sri’s money. Hopefully someday we can see our profit.
Please be forewarned. Investing in the PA is unexciting and could be very frustrating and boring because it is illiquid. Some famous investment Guru would say it is like watching paint dry or watching grass grows. The daily trading volume is inordinately small.
Nonetheless, the rewards will come slowly, surely and safely. This is not a recommendation to buy. If you buy, there is no guarantee you would make profit. Instead you will feel good, great and awesome to be associated with a company whose name and logo is a symbol of trust, quality and excellence.

Posted by Dante5566 > 2021-06-17 10:33 | Report Abuse

not much movement even got positive news.

Posted by risekita8 > 2021-06-17 10:44 | Report Abuse

Sunway is struggling nowadays

Posted by fortheemprah > 2021-06-17 16:46 | Report Abuse

Finally, Sunway has caught the eyes of investors:
a) ESG conscious company
b) Digitalization of organization
c) Construction with higher overseas portfolio
d) Medical/ Healthcare including both hospitals and pharmacies
e) Resorts, malls and theme parks
f) Digital banking and Sunway Money

Now with the National Recovery Plan laid out, do you know who will be the big winner?

Posted by florenceyong > 2021-06-17 17:09 | Report Abuse

Hoot

Posted by cactus81 > 2021-06-17 17:14 | Report Abuse

Good.

Posted by OngKawKaw > 2021-06-17 18:13 | Report Abuse

FUYOHHH!!! ENGINE SUDAH PANAS LEH…

Posted by martinbartesque > 2021-06-17 18:40 | Report Abuse

Today closing 1.77 already broken 52weeks highest price of 1.76. More uptrend is coming.

Posted by onward > 2021-06-17 19:53 | Report Abuse

congratulation to all patience investor

Posted by Dante5566 > 2021-06-17 19:56 | Report Abuse

huat chai...

Posted by florenceyong > 2021-06-17 21:13 | Report Abuse

Tq

Posted by Dakewlest > 2021-06-17 22:00 | Report Abuse

Something is coming?

Posted by cactus81 > 2021-06-17 22:09 | Report Abuse

Sale of 20% of healthcare division?

Posted by AlfI3 > 2021-06-18 06:04 | Report Abuse

Ipo for its healthcare to monetise its intrinsic values

Posted by fortheemprah > 2021-06-18 09:36 | Report Abuse

Minor profit taking by retailers from yesterday. Look at the volume today versus yesterday. I hope Sunway form a resistance at 1.70. Cheah family, the counter got momentum now. Don't plop back down on your thrones just yet. Enough of big green candle followed by big red brinjal.

Posted by florenceyong > 2021-06-18 09:46 | Report Abuse

Hoot

Posted by OngKawKaw > 2021-06-18 10:45 | Report Abuse

ENGINE ROSAK LAGI…

Posted by invest icon > 2021-06-18 14:16 | Report Abuse

Spare parts baru sampai.

Posted by Gerrardo > 2021-06-18 14:18 | Report Abuse

The news on Sunway still not giving any good results

Posted by newbie8080 > 2021-06-18 14:51 | Report Abuse

@kinuxian, the medical centre revenue is too small at this moment for listing.
Based on latest quarter result, only rm170mil or annualised it to RM680mil est.
You can compare with IHH and even small ones like KPJ for reference.

I believe,they will wait for the remaining 5 hospitals that will complete in 2024.
It will have better valuation.

Posted by kadilong > 2021-06-18 15:04 | Report Abuse

overvalued counter , 1.60 the most

Posted by Gerrardo > 2021-06-18 15:25 | Report Abuse

Sharks already cash out from Sunway maybe

Posted by fortheemprah > 2021-06-18 17:03 | Report Abuse

Strange, when the counter is quit, there are no noise at all. Now, when the counter gained momentum, a bunch of SerbaDinamik forumers appeared @kinuxian @Gerrardo @kadilong

Posted by invest icon > 2021-06-18 18:51 | Report Abuse

@Gerrardo, sharks live in sea not Sunway and they eat free raw meat no need cash.

Posted by serendipity89 > 2021-06-19 11:26 | Report Abuse

News is out on the edge weekly, sunway selling healthcare stake to GIC singapore. But no indication of how many percebt or price.

Posted by martinbartesque > 2021-06-19 16:21 | Report Abuse

https://www.businesstimes.com.sg/consumer/malaysias-sunway-plans-stake-sale-in-healthcare-business-to-gic

Posted by martinbartesque > 2021-06-19 16:26 | Report Abuse

https://www.reuters.com/article/sunway-divestiture-gic/update-1-malaysias-sunway-plans-to-sell-healthcare-stake-to-singapores-gic-report-idUSL2N2O102B

Posted by martinbartesque > 2021-06-19 18:36 | Report Abuse

Expect sunway can exceed rm2.00 this time

Posted by serendipity89 > 2021-06-19 19:15 | Report Abuse

next week rally......

Posted by invest icon > 2021-06-19 22:31 | Report Abuse

The proposed deal is selling 20-25% SHH at minimum USD250M. Assuming only sell 20% at USD200M or around RM840m. Current 100% NTA for SHH is 683m, that means this sale will book in Sunway extra profit of around 700m and the valuation for SHH is worth RM4.2bn. This is huge since SHH is only 9.8% of Sunway’s assets but valuation is about 50% of Sunway’’s market cap of RM8.34bn base on 18th Closing price. I expect next week RM2 will be the minimum expectation

Posted by martinbartesque > 2021-06-20 09:09 | Report Abuse

Invest icon, assuming your estimation is correct where sell 20% at rm840mil, 100% valuation for SHH is worth rm4.2bil.

Current 100% NTA for SHH is 683mil. Above rm4.2b minus current NTA of 683mil, there has extra valuation of rm3.5bil. If I use rm3.5bil divided by number of shares of 4933mil, it will be rm0.70/share for sunway. If sunway share price is rm1.80 originally before covid, then sunway will worth rm2.50+- this time after i add on above rm0.70/share. Is this calculation correct?

Posted by serendipity89 > 2021-06-20 09:40 | Report Abuse

may be thats the reason Sunway delay their AGM?

'We refer to our announcement dated 25 May 2021 on the Notice of the Eleventh Annual General Meeting (“11th AGM”) of Sunway in respect of its 11th AGM scheduled to be held on a fully virtual basis through live streaming and online remote voting using Remote Participation and Voting Facility from the Broadcast Venue at the Penthouse, Level 20, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan on Friday, 25 June 2021 at 3.30 p.m..



In view of the implementation of the Full Movement Control Order by the Government of Malaysia for the period from 1 June 2021 to 14 June 2021 and its subsequent extension to 28 June 2021 to curb the spread of Coronavirus Disease (COVID-19) infections in Malaysia and the Companies Commission of Malaysia’s Practice Directive 8/2021 on the extension of time for circulation of financial statements and reports, holding of annual general meeting and lodgement of financial statements for companies affected by the implementation of Movement Control Order (“EOT”), the Board of Directors of Sunway after having taken due consideration, has decided to postpone the Company's 11th AGM to a later date which will be notified in due course.'

Posted by invest icon > 2021-06-20 16:35 | Report Abuse

@martinbartesque, the valuation don’t work that way. As long as the profit is not realize, it cannot take into account. The Sunway valuation still depends on actual earning. Here, the 20% sale will contribute additional 700m profit which makes the current price ratio become cheap and we can expect Sunway will declares higher dividend for 2021 as the dividend policy is minimum 20% of it’s profit. Nonetheless, now we all knows SHH is the jewel of Sunway’s crown which profit grows at least 20% for a mature hospital. We shall wait for the value to surface in near future. All new hospitals in the pipeline will be ready in the next few years and expect to breakeven and start contributing profit within 3 years after ready. I predict in 2028, SHH is ready for IPO and the Marker Cap will be very much bigger than Sunway itself.

Posted by invest icon > 2021-06-20 16:48 | Report Abuse

Sunway’s new sales for Q1 2021 doubled YoY to RM1.2bil (vs. RM583.2mil in 1QFY20), making up 73% of its unchanged FY21F sales target of RM1.6bil. With excellent property sales recorded, Sunway will easily achieve it’s sales target of RM1.6bil or more for 2021. But, 75% of the sales are from Singapore development project which under MFRS 15 accounting entry. The profit may delay to 2023 to recognize. So, I’m expecting profit for Sunway will jump in 2023 especially when velocity medical centre also start contributing good profit. With warrant conversion price drops to RM1.35 after October 2023, that’s the time WB holders will see the true value of the warrant.

Posted by martinbartesque > 2021-06-20 18:35 | Report Abuse

Invest icon, thanks for your clarification.

Posted by serendipity89 > 2021-06-20 21:26 | Report Abuse

I wonder sunway stand any chance getting one of the 5 digital banking license without any strong partner.
If can get, sure will boost sunway market cap by alot more. But some many strong contender. Axiata, t&g, sea, petronas, grab, etc. Sunway doesn't seems to have a chance

Posted by cactus81 > 2021-06-20 22:19 | Report Abuse

Is it possible that GIC become partner?

Posted by invest icon > 2021-06-21 08:47 | Report Abuse

@serendipity89, Sunway do have partner for bitting Digital Banking license. They just didn't revel who are them. HSBC could be one of possible partner since Sunway works very closely with HSBC.

Posted by Gerrardo > 2021-06-21 08:48 | Report Abuse

If this week can increase to 1.80, already a good news

Posted by florenceyong > 2021-06-21 09:22 | Report Abuse

Hoot

Posted by florenceyong > 2021-06-21 09:22 | Report Abuse

Buy now before too late, still look good

Posted by serendipity89 > 2021-06-21 12:34 | Report Abuse

Usually sharks come in and huge movement in the afternoon