Posted by andrew98 > 2023-10-17 15:12 | Report Abuse

Penang called off Batu Kawan land deal, where Sunway Bhd announced that Umech Land had inked a joint development agreement with PDC to co-develop a 558.96-acre (226.20ha) land in Batu Kawan into an industrial park

Posted by Mabel > 2023-10-18 08:28 | Report Abuse

The government has decided to cut entertainment duty tax for theme parks, family recreation centres, indoor game centres and simulators from 25% to only 5% in Klang Valley.

This could potentially be a boon to Sunway Group (Sunway) as it owns a big theme park called Sunway Lagoon that has been the mainstay of Klang Valley for many years.

Sunway is a conglomerate involved in the real estate, construction, education and healthcare industries. Its flagship theme park, Sunway Lagoon is located next to its flagship mall of Sunway Pyramid.

Sunway’s revenue rose by 14.2% to RM$2.7 billion in 1H 2023 from RM$2.4 billion in 1H 2022 due to a rise in property development and investments segments revenue amid the full reopening of the Malaysian economy. Meanwhile, profits also rose by 1.9% to RM$395 million from RM$388 million over the same period as it was constrained by lower margins from its construction business.

Posted by AlphaInvestor > 2023-10-18 09:25 | Report Abuse

Sunway Bhd (CGS-CIMB Target Price RM2.57; Buy)

Controversial land deal aborted

Sunway’s 559-acre BKIP2 land deal has been aborted, the Edge reported
today. While land price was attractive, it removes a key overhang, in our
view.

We think Sunway will be able to recover the majority of the RM64m initial
payment. Reiterate Add and TP of RM2.57 (10% discount to SOP).

Reiterate Add and TP RM2.57

We reiterate our Add rating and TP of RM2.57 based on a 10% discount to SOP. We
like Sunway as a diversified investment proxy for a robust domestic economy and
growing exposure to healthcare.

Key downside risks: a slowing economy and rising raw material costs which may have
a negative impact on margins.

Source: CGS-CIMB

Posted by mf > 2023-10-18 10:04 | Report Abuse

5211 SUNWAY, SUNWAY BERHAD - +
Changes in Sub. S-hldr s Int (Section 138 of CA 2016)
17 Oct 2023, 07:00
Particular of Substantial Shareholder
Name EMPLOYEES PROVIDENT FUND BOARD
Address 5th Floor EPF Tower No.1, Persiaran Kwasa Utama 40150 Shah Alam Selangor
Malaysia
NRIC/Passport No/Company No EPF ACT 1991
Nationality/Country of Incorporation Malaysia
Descriptions (Class & Nominal Value) Ordinary Shares
Name & Address of Registered Holder You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com

Change Detail
Change Date 13 Oct 2023
Change Reason
1. Disposal of equity managed by Portfolio Manager, Citigroup Nominees
(Tempatan) Sdn Bhd - Employees Provident Fund Board - 6,000,000 ordinary
shares2. Disposal of equity managed by Portfolio Manager, Citigroup Nominees
(Tempatan) Sdn Bhd - Employees Provident Fund Board (ASIANISLAMIC) IC -
2,500,000 ordinary shares

Nature of Interest 289738129

Transaction Detail
Transaction Type Date of Change No of Securities Price Transacted (RM)
Disposed 12 Oct 2023 2,500,000 0.000
Disposed 12 Oct 2023 6,000,000 0.000

Posted by Fortuneball > 2023-10-18 11:34 | Report Abuse

RM64m initial payment sangkut la

Posted by AlphaInvestor > 2023-10-18 11:42 | Report Abuse

RM64m on a per share basis only 1.28 sen. Share price already drop 20 sen from peak so that means overreact.

Posted by InvestIcon > 2023-10-18 11:50 | Report Abuse

Means opportunities to buy low

Posted by Mabel > 2023-10-18 12:54 | Report Abuse

Indeed. Mabel collected more this morning...

Burp..excuse me...

Meow

Posted by chamlo > 2023-10-18 14:13 | Report Abuse

RM 64 million consider donation?

Posted by Mabel > 2023-10-18 18:51 | Report Abuse

Sure Can recover back...

Jeffrey Cheah Company Mah...

Posted by InvestIcon > 2023-10-19 08:41 | Report Abuse

If PDC cancel the contract after collecting deposit. PDC has to refund and may face legal action for any lose compensation. So, 64m definitely can recover

Posted by Fortuneball > 2023-10-23 17:25 | Report Abuse

Umech Land contract cancelled. Now Sunway need to take control of Umech Land

Posted by KingKKK > 2023-10-24 08:40 | Report Abuse

Remember the healthcare IPO plan which is planned for 2025 / 2026.

https://themalaysianreserve.com/2023/02/09/a-healthcare-giant-in-the-making/

Given Sunway Medical’s plans to have over 2,000 operational beds by 2025, we believe that the company, when listed at the right time, will easily achieve the valuations of its peers.

Sunway PE: 14x
KPJ: 24x
IHH: 25x

Posted by teknikal > 2023-10-24 15:16 | Report Abuse

Long term uptrend intact with price above MA200.

Near term rangebound:
Support 1.82
Resistance 1.99

Posted by wahidpenang > 2023-10-24 15:18 | Report Abuse

If can go to RM2, better Sailing Sunway WB. Final Conversion price only RM1.35. Now 38.5c, If Sunway can reach RM2, WB is worth RM0.65

Posted by KingKKK > 2023-10-25 08:33 | Report Abuse

Sunway will get back the RM64m deposit.
Share price before this issue surface was RM2.00-2.10 range

Penang Development Corp to fully refund Umech Land deposit

KUALA LUMPUR (Oct 24): Penang Development Corp (PDC) will be required to fully refund the deposit paid by Umech Land Sdn Bhd amounting to RM64.60 million following the termination of the joint development agreement (JDA) for the development of Batu Kawan Industrial Park 2 (BKIP2).

In a filing with Bursa Malaysia on Tuesday, Sunway Bhd confirmed that its 70%-owned subsidiary Umech Land received a notice of termination of the JDA from PDC last Friday.

"Pursuant to the notice of termination, the JDA shall be terminated on the expiry of 90 days from the date of the notice of termination," Sunway said, adding that PDC will fully refund the deposit within a period of 30 days from the date of termination of the JDA.

https://theedgemalaysia.com/node/687457

Posted by teknikal > 2023-10-27 09:42 | Report Abuse

Support 1.82
Resistance 2.00

Posted by teknikal > 2023-10-29 17:50 | Report Abuse

Long term uptrend intact with price above MA200.

Posted by KingKKK > 2023-10-31 08:00 | Report Abuse

RHB sector update on property.

Top picks = UEMS + SUNWAY + AME ELITE

SUNWAY TP RM2.67, 45% Upside!

Maintain OVERWEIGHT. We are upbeat on the outcome of the recent
meeting between Malaysia and Singapore. Both governments have
committed to accelerate the progress of the Johor-Singapore Special
Economic Zone (SEZ), with further updates/details regarding tax incentives
and cross-border electricity trading expected to be announced in the coming
months. The leaders strongly emphasised the aim to smoother trips for
people and transportation of goods. Companies that can potentially benefit
significantly include UEM Sunrise, Sunway and AME Elite Consortium.

MoU to be signed on 11 Jan 2024. Both governments have announced
that an MoU on the SEZ is expected to be signed on 11 Jan 2024, as
officials on both sides are currently conducting a feasibility study on the SEZ
to determine interest from investors and market demand. We believe
developers with landbank near the border (causeway and the Tuas link)
should benefit given the focus on “ease of travelling of goods and people”.
The greater connectivity and industrial activities should lead to higher
demand for residential and commercial properties in the future.

Posted by AlphaInvestor > 2023-11-01 08:43 | Report Abuse

Sunway Group’s Jeffrey Cheah named honorary Knight Commander of the Most Excellent Order of the British Empire

KUALA LUMPUR (Oct 30): Sunway Group founder and chairman Tan Sri Dr Jeffery Cheah has been named as an honorary Knight Commander of the Most Excellent Order of the British Empire by His Majesty King Charles III of the UK, in honour of his services to higher education, health services and philanthrophy, a press release issued by the British High Commission of Kuala Lumpur on Monday said.

The honorary award is also in recognition of the instrumental role Cheah played in forging high-level partnerships with a number of UK institutions — University of Cambridge, University of Oxford, Lancaster University, the Royal College of Physicians, the UK government's Chevening Awards flagship scholarship programme, the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW) — and contributing towards the bilateral relationship between the UK and Malaysia, the statement added.

https://theedgemalaysia.com/node/688147

Posted by InvestIcon > 2023-11-01 09:16 | Report Abuse

on 26/10. Total vol traded is 6.5m. EPF sold 4.599m and bought 4.593m shares. If EPF sell high buy low. Total vol at least 9m+. That means most of the Vol traded are from one of the EPF Account sold to another EPF account!

Posted by faralenz77 > 2023-11-14 15:32 | Report Abuse

Sunway stock price will be stronger after EPF selling below 5% and ceased to be substantial shareholder. Let's see if can hit target price of 2.67.

Posted by cactus81 > 2023-11-15 03:14 | Report Abuse

EPF sell Sunway but indirectly buy Sime Darby Ramsay hospital.

Posted by Permutation > 2023-11-15 13:14 | Report Abuse

After EPF ceased to be a substantial shareholder of YTLpower, it started to head north beautifully. Perhaps it is Sunway's turn now.

Posted by thesteward > 2023-11-17 08:59 | Report Abuse

Looks like some good news coming

Posted by Fortuneball > 2023-11-20 22:02 | Report Abuse

Staying alive

Posted by KingKKK > 2023-11-23 08:15 | Report Abuse

Strong earnings from Sunway, details as below

https://theedgemalaysia.com/node/690973

Posted by Michael Kwok > 2023-11-23 13:42 | Report Abuse

Buy call sunway warrant 58-59 cents
Wait till near christmas or cny.ang pow mari.tp 70 cents range
Exercise at 1.35
Expired 3/10/24
23/11/23 1.43pm

Posted by kl_guy > 2023-11-23 13:43 | Report Abuse

sunway on downtrend , will drop till 1.85. better wait for rebound only jump in.

Posted by yesAH > 2023-11-25 14:10 | Report Abuse

aiyah 1.85 !! why you so clever one? did you just come back from the future via time travel ?

Posted by Mabel > 2023-11-25 20:42 | Report Abuse

https://theedgemalaysia.com/node/691249

Beside Sime Darby Property reporting stellar Q3 performance, yesterday on Nov 24 Sunway Bhd, has signed a memorandum of understanding (MOU) with Putrajaya Holdings Sdn Bhd to team up for the development of commercial land in Precincts 7 and 8 within the administrative capital.

The MOU lays the foundation for future cooperation between organisations in various sectors such as medical, education, property development and hospitality for development. The cooperative effort will also explore the development of a medical centre in one of the parcels.

At the time of writing, Sunway was up one sen or 0.51% to RM1.97, giving it a market capitalisation of RM9.86 billion. Year to date, the stock has risen 24.68%.

Meow

Posted by Fortuneball > 2023-12-01 10:40 | Report Abuse

staying afloat

Posted by Lalaking188 > 2023-12-01 13:18 | Report Abuse

wah downtrend? time to kutip lol 1.80 coming?

Posted by StartOfTheBull > 2023-12-09 08:23 | Report Abuse

YTL to build an AI data centre in Kulai, Johor involving RM20 billion in investment.

Developers with Johor exposure:
Number of acres:
UEM Sunrise 5,103
Ecoworld 3,522.9 (403.78 pending completion.)
SP Setia 114.8
Sunway 1,602
E&O 62.8 (joint venture)
Mulpha International 904
KSL 236.2 (excluding 17.99 pending completion.)
KL Kepong 500 (joint venture)

Sime Plantations has huge estate lands in Johor as well.

Posted by KingKKK > 2023-12-18 16:52 | Report Abuse

Who is the top Gainer in 2023 for Property Sector? SUNWAY vs other developers here...

https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-18-story-h-212339210-Property_Sector_Super_Winner_in_2023_Discussion_about_UEMS_SPSETIA_SUNW

Posted by steven rt > 2023-12-26 17:07 | Report Abuse

Any news on QR?

Posted by kkl123 > 2024-01-02 11:25 | Report Abuse

Goof news is EPF sold out all.

Posted by kkl123 > 2024-01-02 11:54 | Report Abuse

May YTL repeated here??

Posted by faruqie > 2024-01-04 20:06 | Report Abuse

no one love their warrants

Posted by ahmad > 2024-01-08 09:53 | Report Abuse

i see RTS concrete write SUNWAY

Posted by Silent 88888 > 2024-01-08 12:06 | Report Abuse

cheers sunway + wb mother warrant all gone viral
gong hei fai choi

Posted by VenFx Daddy > 2024-01-09 10:01 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/01/09/sunway-healthcares-listing-may-happen-sooner

Posted by ChloeTai > 2024-01-12 16:06 | Report Abuse

Everyday also can see investment banks promoting Sunway, but its price still stay at sideway movement. One needs a lot of good luck to keep this type of quiet share.

Posted by ChloeTai > 2024-01-13 13:23 | Report Abuse

Sunway - Time To Start Positioning; BUY
Source : RHB-OSK, Price Call : BUY, Price Target : 3.00
Last Price : 2.35, Upside/Downside : +0.65(27.66%)

Posted by ChloeTai > 2024-01-13 13:23 | Report Abuse

TA Research:
We favour Sunway as an investment proxy for domestic economic expansion and the re-ignition of Iskandar Malaysia. Additionally, we recognise substantial value within the thriving Sunway healthcare division. We revise our FY24-25 earnings forecasts higher by 1-3% to factor in the stronger-than-expected earnings from the healthcare division. Maintain Buy on Sunway with a higher TP of RM2.80, based on SOP valuation.

Posted by ChloeTai > 2024-01-13 13:23 | Report Abuse

Hong Leong Investment Bank (HLIB) research anticipates a re-rating of Sunway Bhd with its upcoming healthcare listing and robust development in Sunway Iskandar. It has a "Buy" call on the stock, with a higher target price of RM3 from RM2.76. The firm said conversations on Sunway will be centred around the listing of its healthcare segment as the timeline for Sunway to list the segment, within the next two to three years, draws closer.

Posted by ChloeTai > 2024-01-15 09:14 | Report Abuse

Now RM2.35
RHB-OSK TP: RM3.00
TA TP: RM2.80
HLIB TP: RM3.00

Posted by ChloeTai > 2024-01-15 18:54 | Report Abuse

AmInvest technical analysis: Resistance 1 : RM2.50
Resistance 2: RM2.70

Posted by ChloeTai > 2024-01-16 15:13 | Report Abuse

Now RM2.38
RHB-OSK TP: RM3.00
TA TP: RM2.80
HLIB TP: RM3.00
AmInvest technical analysis: Resistance 1 : RM2.50

Posted by ChloeTai > 2024-01-17 09:11 | Report Abuse

EPF ceased to be a substantial shareholder on 10 November 2023. It was two months plus ago already, EPF should have sold all their holdings.