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Last Price Today's Change   Day's Range   Trading Volume
1.41   -0.01 (0.70%)  1.41 - 1.42  1,068,000
3,400 comment(s). Last comment by salarynotenough at Dec 4, 2020 4:07 PM
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iFag
63 posts

Posted by iFag > May 29, 2020 11:56 AM | Report Abuse

chill bro, no buying power yet. Let it drop then buy for long term


David
112 posts

Posted by David > May 29, 2020 12:44 PM | Report Abuse

I wanted to hold on to my Sunway shares until the healthcare IPO. But the Covid19 effect made me rethink of Sunway’s long term prospects. The cash call made me part off with my investment in Sunway.


David
112 posts

Posted by David > May 29, 2020 1:10 PM | Report Abuse

any sunway investors want to share how you feel about the cash call? keen to know your thoughts. tq


wahd
46 posts

Posted by wahd > May 29, 2020 1:51 PM | Report Abuse

I think Sunway should be good invest for mid n long term


wahd
46 posts

Posted by wahd > May 29, 2020 1:55 PM | Report Abuse

For the ICPS , is that mean Sunway will pay 5% dividend by annual ? Till the expire date ?


tingfung
1 post

Posted by tingfung > May 29, 2020 2:08 PM | Report Abuse

I am ok with the ICPS since it is 5 to 1 at RM1 with 5.0+% dividend per annum. I see next QR will be not good as well. Am planning to sell some of Sunway shares in near term to buy other shares. WIll still keep majority of it for long term due to its diversified portfolio and potential medical centre
IPO.


David
112 posts

Posted by David > May 29, 2020 2:09 PM | Report Abuse

Yes, the ICPS gives dividend, but where is the cash flow going to come from? all their business segments are badly affected by the Covid outbreak


TCH
6 posts

Posted by TCH > May 29, 2020 4:15 PM | Report Abuse

Long term is good prospect for Sunway but Q2 all expected even poor results. That's why i decided sold this morning and switch to other counter which will gain faster. Will revisit back Sunway after Q2.


iFag
63 posts

Posted by iFag > May 29, 2020 5:00 PM | Report Abuse

wow, down 7 bids straight EPF selling?


ladybird517
56 posts

Posted by ladybird517 > May 29, 2020 5:55 PM | Report Abuse

Sunway for mid Long term.. price volatile hurt short term buyer who in n out.. drop some more can enter some more..


jibbie
711 posts

Posted by jibbie > May 29, 2020 6:12 PM | Report Abuse

why drop so much today? can someone explain?


BlackWhite
911 posts

Posted by BlackWhite > May 29, 2020 8:28 PM | Report Abuse

Shares values dilution, issuing more paper


kelvinlim1133
44 posts

Posted by kelvinlim1133 > May 29, 2020 10:27 PM | Report Abuse

Really do not know why the seller dont sell before 445pm between 134 to 140 but sold at discount 134? Kepala ada masalah?


MaYun
264 posts

Posted by MaYun > May 29, 2020 10:52 PM | Report Abuse

The price fell abruptly to 1.34 is due big volume changing hand and lack of support.


MaYun
264 posts

Posted by MaYun > May 29, 2020 10:52 PM | Report Abuse

must be some major share holder selling


Kays
194 posts

Posted by Kays > May 29, 2020 11:01 PM | Report Abuse

ive been holding this stock for years, and abetting the hospital to be listed. But due to this pandemic, everything disrupted.


MaYun
264 posts

Posted by MaYun > May 29, 2020 11:15 PM | Report Abuse

it takes time to recover


ladybird517
56 posts

Posted by ladybird517 > May 29, 2020 11:36 PM | Report Abuse

If already brought for years then just Hold it or Top up more at lower price..


Jamieooi
8 posts

Posted by Jamieooi > May 30, 2020 12:47 AM | Report Abuse

I agreed it must be substantial shareholder selling within 5min. It is planned to sell 23mil shares in between 4:45-4:50pm. My guessing is the sale has a targeted buyer at a targeted price. That's y the seller chose that 5mins interval to exchange hands?


gongxifacai
85 posts

Posted by gongxifacai > May 30, 2020 7:28 AM | Report Abuse

aduhai, paper lost RM552, nevermind la...you never know when is the lowest point. continue top up 50 lots on monday, hopefully get around @RM1.30-RM1.33...


hornbill
726 posts

Posted by hornbill > May 30, 2020 8:13 AM | Report Abuse

hard time for Sunway.


Asianpay
81 posts

Posted by Asianpay > May 30, 2020 8:39 AM | Report Abuse

Its The Day SP Setia and Ecoworld went up 15% but Sunway dropped 7%!
I believe it will abound back to 1.40 level by Mon.


David
112 posts

Posted by David > May 30, 2020 8:43 AM | Report Abuse

Unlike the previous rights issue in 2013, which was to raise funds for expansion, land bank acquisitions and development of Sunway Iskandar, Sunway Velocity Mall.. This time round, the rights issue seems like a call of distress. Covid19 has impacted the tourism, hotel industry and shopping malls severely. I forsee the healthcare segment continue making operating losses due to low admissions. Property glut will persist for the next few years. Sunway has been doing RM4 billion/year revenue for the past few years. Post Covid, it’s hard to see where the revenue growth will come from.


David
112 posts

Posted by David > May 30, 2020 8:44 AM | Report Abuse

Although i was a shareholder for the past 5 years, I’m reluctant to participate in the rights issue due to the headwinds ahead. Tan Sri Jeffrey Cheah and family still holds a majority of Sunway shares. It will hurt them more than us, but I seriously hope Sunway pulls through this tough period.


lowong
2 posts

Posted by lowong > May 30, 2020 9:33 AM | Report Abuse

My take is that price might stay range bound at least until the ICPS is carried out. This is cash call, company needs help from investors to go thru this tough time together. However ICPS will not affect current eps at least for the next 4 years. My personal opinion is it is advisable to participate in ICPS if you are in it for mid-long term, not only bcoz Sunway is a great company, these rights issues will also be converted into ordinary mother shares in the 5th year @ cost of RM1/share (all in cost) and enjoy normal dividends as the rest.


MaYun
264 posts

Posted by MaYun > May 30, 2020 11:07 AM | Report Abuse

Never participated in an ICPS before, maybe could give it a try.
As for averaging down, am not sure how low will it goes but I think it should not be below 1.0 RM for sure, will only consider averaging down if she is low enough, but definitely not at current price of 1.30+ range.


Kendo Ken Hz
980 posts

Posted by Kendo Ken Hz > May 30, 2020 11:08 AM | Report Abuse

Icps scheme is killing share prices,
Trending down to 1


Kendo Ken Hz
980 posts

Posted by Kendo Ken Hz > May 30, 2020 2:43 PM | Report Abuse

Would Sunway had bullets to buy back shares againM?


lowong
2 posts

Posted by lowong > May 30, 2020 4:39 PM | Report Abuse

On the other hand if they let the price drop further then ICPS will no longer be attractive, no more incentive left for the investors. Lets see how the price move from next week onward...


tiongkeat
287 posts

Posted by tiongkeat > May 30, 2020 5:09 PM | Report Abuse

EPF still hold 9% rite.


Jamieooi
8 posts

Posted by Jamieooi > May 30, 2020 5:23 PM | Report Abuse

Why to doubt sunway? It is competing to get the digital banking licence from bank negara via 51% stake in credit bureau Malaysia. Personally I am confident in its strategy to secure the digital banking licence.


Red Dragon
21 posts

Posted by Red Dragon > May 30, 2020 6:47 PM | Report Abuse

Just to ask: ICPC confirmed? when is Ex-date? how to subscribe?


tiongkeat
287 posts

Posted by tiongkeat > May 30, 2020 9:29 PM | Report Abuse

when the ICPS listed? any target date?


nickthebest
634 posts

Posted by nickthebest > May 30, 2020 9:37 PM | Report Abuse

Cham liao Sunway


kata888
115 posts

Posted by kata888 > May 30, 2020 10:31 PM | Report Abuse

Base on the max/min scenario and throwing in some numbers, by maintaining the 29 MAY 2020 closing price and its corresponding PE ratio, the new forecasted Price stands at 0.983 (max) and (1.117 (min) respectively.

Just plugging latest qtr result which is 90.3M and assume real estate sentiment is not going to bounce back until FY21, by end of FY20 PAT assumed dropped overall to 72.24 (only 20%) for subsequent 3 quarters, the final year end price will be 0.39 (max), and 0.44 (min) respectively.

Derp. But we have new waves of retail trader warriors that will scoop up everything anyway, no fear, no fear.


MaYun
264 posts

Posted by MaYun > May 31, 2020 12:12 PM | Report Abuse

危机既是契机,千金难买早知道, 没有人能预测未来会怎样。


Kendo Ken Hz
980 posts

Posted by Kendo Ken Hz > May 31, 2020 12:29 PM | Report Abuse

Sunway deleted by msci.index?


Activetrader
414 posts

Posted by Activetrader > May 31, 2020 1:11 PM | Report Abuse

Never say never. Nobody knows ytl will once dip below rm1. And certainly it had dipped below rm1 even before mco


kelvinlim1133
44 posts

Posted by kelvinlim1133 > May 31, 2020 9:56 PM | Report Abuse

Sunway give me luck i never making loss on Sunway shares since many years ago but did buy in recent years.

Last 2 days bought in 151 and 142 respectively and plan to top up in June till Oct 2020 to accumulate it.

By comparing to IOI Corp, their FY Quarter result is 99% drop but share price still maintain good. Furthermore Sunway has no question to pass through Covid 19. Vaccine is going to produce by early next year. Usually conronavirus leaving human in Summer June.

28 May 2020 after FY result came out, Investment Bank gave TP as below:-
Affin RM 1.61
Aminvest RM 1.78
CIMB RM 1.56
HLBB RM 2.00
Kenanga RM 1.63
MIDF RM 1.59
TA RM 1.67
UOB RM 1.63

Buy Buy Buy hopefully can get RM 1.00 with ICPS. NTA is above RM 1.70 why should sell below RM 1.50???


David
112 posts

Posted by David > Jun 1, 2020 7:22 AM | Report Abuse

We can take a look at singapore to get an idea how our gov might reopen the economy :
- Most retail outlets such as department stores and shops in malls and the heartlands will remain closed. They can continue to do business online.
- Property viewings can only be done virtually. Property agents as well as insurance agents can't meet clients face to face, except when legally required to complete a transaction.

The Covid19 effect on shopping malls, theme parks and property business will persist for some time.

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/05/31/singapore-ends-covid-19-lockdown-from-june-2#cxrecs_s


JacLow
295 posts

Posted by JacLow > Jun 1, 2020 9:08 AM | Report Abuse

armadasaxon Last 2 year ytl oso list free share..so to make it even lot,I bought some..until 2 yrs oredi..the price still not up..stuck my money there just to make the lot even..so don't be stupid like me.  

Just a example..also last year I bought at 1.69 to get the dividend..mana tahu 1 year later still max is 1.69 and even reach 1.38..so u know know la. 

05/03/2019 9:43 AM 

Thanks armada..now I will start collecting


MaYun
264 posts

Posted by MaYun > Jun 2, 2020 3:50 PM | Report Abuse

ha ha ha ... so soon gonna back to 1.50 aldy, no chance to collect cheap below 1.30


Ais Milo
47 posts

Posted by Ais Milo > Jun 2, 2020 3:54 PM | Report Abuse

TP 1.78


thesteward
5023 posts

Posted by thesteward > Jun 2, 2020 4:04 PM | Report Abuse

I hv a strong feeling Sunway could be awarded some big project soon. Boy some of the warrant


thesteward
5023 posts

Posted by thesteward > Jun 2, 2020 4:04 PM | Report Abuse

Bot some of the wb


makelittlemoney
138 posts

Posted by makelittlemoney > Jun 2, 2020 5:18 PM | Report Abuse

what kind of big project they can have?


ladybird517
56 posts

Posted by ladybird517 > Jun 2, 2020 7:03 PM | Report Abuse

Missed the boat when below 1.40..


invest icon
493 posts

Posted by invest icon > Jun 2, 2020 8:51 PM | Report Abuse

Sunway next Jewel is healthcare or hospitals expansion. Part of the Fund raise from ICPS will be use for more hospitals capex. Instead of Capex is from borrowing, fund from ICPS will indirectly increase the eps and likely share price will move up faster. Warrant price will also adjust lower accordingly since capital will be enlarged after ICPS convert to Sunway share. So, I believe is good opportunity to increase Sunway and Warrants while price still low.


invest icon
493 posts

Posted by invest icon > Jun 2, 2020 8:54 PM | Report Abuse

I believe final adjusted conversion price for warrant in 2024 should be around 1.30- 1.35. 4 years duration Premium about 10% is seem too cheap for such a good potential company like Sunway.


gongxifacai
85 posts

Posted by gongxifacai > Jun 3, 2020 10:30 AM | Report Abuse

EPF "LOVE" sunway so much, in less than 1 week already bought over 5.5m shares...

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