Besides Sunway, all significant shareholders for IJM are either Funds or Statutory Bodies. EPF with 16% is the largest shareholder for IJM and with 8.47% is the second largest shareholder for Sunway. EPF knows that if IJM under management of Sunway, all IJM development properties will benefits from the Sunway Brand. Sunway in other hand can benefits from IJM southern market and Highway. This is win win situation for EPF and Sunway.
Yesterday the warrant price was 41sen and mother share was Rm1.66
The holder of warrants has two options to choose from for him to get one mother share.
First he can surrender the warrant and buy a bank draft for RM1.56 and convert the warrant into mother share. His cost is the market value of the surrendered warrant plus the conversion price that is 41+ 1.56 = 1.97 Hence,he unwittingly paid 197 for a share that is worth 1.66
Second, he can sell his warrant in the open market for 41sen and than top up 1.25 to buy one mother share in the open market at 1.66. In this case he can save 1.56 minus 1.25 equal to 31sen per share. Two days ago some one convert 136622 shares.
Thanks to the Home Ownership Campaign (HOC), digital marketing initiatives and new launches, developers under our coverage registered a commendable 37% YoY growth in new sales (Exhibit 2).
For FY22F, most developers are setting conservative sales targets (lower than FY21 actual sales) likely due to the expiration of the
HOC. However, Mah Sing and Lagenda, which focus on affordable housing developments, are setting higher sales targets in anticipation of pent-up demand in this market segment.
Potential rise in residential demand following the reopening of borders... Moving forward, we foresee a gradual recovery in property transaction volumes, especially in the residential segment with the reopening of international borders on 1 April 2022 and the resumption of international trade and travel given the relative regional affordability of Malaysia’s developments, notwithstanding stricter criteria for the Malaysia My Second Home programme.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....