Highlights
KLSE: SUNWAY (5211)       SUNWAY BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.69   -0.08 (4.52%)  1.68 - 1.75  10,892,000
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Price Target

Date Open Price Target Price Upside/Downside Price Call Source
14/06/2021 1.64 2.11 +0.47 (28.66%) BUY HLG
09/06/2021 1.62 2.11 +0.49 (30.25%) BUY HLG
09/06/2021 1.62 1.98 +0.36 (22.22%) BUY AmInvest
08/06/2021 1.58 2.11 +0.53 (33.54%) BUY HLG
27/05/2021 1.66 1.77 +0.11 (6.63%) HOLD KENANGA
27/05/2021 1.66 1.90 +0.24 (14.46%) BUY HLG
27/05/2021 1.66 1.98 +0.32 (19.28%) BUY AmInvest
20/04/2021 1.64 2.04 +0.40 (24.39%) BUY AmInvest
05/04/2021 1.69 1.95 +0.26 (15.38%) BUY HLG
01/04/2021 1.71 1.55 -0.16 (9.36%) HOLD KENANGA

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  9 people like this.
 
florenceyong Chart look very good, Buy Buy Buy
11/06/2021 10:14 AM
cactus81 Have to give a thumb up to Sunway boss for investing in IJM. Now, KLK want to buy IJM Plantation from IJM with RM1.5 billion. Hopefully more good new will come...
11/06/2021 3:17 PM
Dakewlest If sunway sells certain portion of its healthcare business, is it a positive move to sunway and to the share price?
13/06/2021 2:59 AM
vincent cym kill golden chicken? lol
14/06/2021 6:58 PM
Dakewlest Vincent, unlock value??
15/06/2021 1:53 AM
invest icon Vincent, dispose 20% hospital group at high PE to "strategic investor" will definitely add value to Sunway.
15/06/2021 9:25 AM
15/06/2021 12:07 PM
fortheemprah ESG investing is taking the world by storm. Sunway is probably the only large conglomerate that embraces ESG, diversified, digitalization, medical, education, etc.
15/06/2021 7:15 PM
Lanmum 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.
16/06/2021 11:14 AM
fortheemprah 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.
16/06/2021 4:19 PM
awesome20 if you dont know, sunway now conquer malaysia western union business...
16/06/2021 5:58 PM
Investformilkmoney Any advice on sunway?
17/06/2021 10:22 AM
trader808 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.
17/06/2021 10:30 AM
Dante5566 not much movement even got positive news.
17/06/2021 10:33 AM
risekita8 Sunway is struggling nowadays
17/06/2021 10:44 AM
fortheemprah 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?
17/06/2021 4:46 PM
17/06/2021 5:09 PM
cactus81 Good.
17/06/2021 5:14 PM
OngKawKaw FUYOHHH!!! ENGINE SUDAH PANAS LEH…
17/06/2021 6:13 PM
martinbartesque Today closing 1.77 already broken 52weeks highest price of 1.76. More uptrend is coming.
17/06/2021 6:40 PM
onward congratulation to all patience investor
17/06/2021 7:53 PM
Dante5566 huat chai...
17/06/2021 7:56 PM
17/06/2021 9:13 PM
Dakewlest Something is coming?
17/06/2021 10:00 PM
cactus81 Sale of 20% of healthcare division?
17/06/2021 10:09 PM
AlfI3 Ipo for its healthcare to monetise its intrinsic values
18/06/2021 6:04 AM
kinuxian Seems like EPF continue taking profit.
18/06/2021 9:30 AM
fortheemprah 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.
18/06/2021 9:36 AM
18/06/2021 9:46 AM
kinuxian We're still under emergency order and gov have the right to take any medical facility to ease covid19 threat.

Hence, its right timing for its healthcare unit for IPO now?
18/06/2021 9:46 AM
OngKawKaw ENGINE ROSAK LAGI…
18/06/2021 10:45 AM
invest icon Spare parts baru sampai.
18/06/2021 2:16 PM
Gerrardo The news on Sunway still not giving any good results
18/06/2021 2:18 PM
newbie8080 @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.
18/06/2021 2:51 PM
kadilong overvalued counter , 1.60 the most
18/06/2021 3:04 PM
kinuxian If not the medicare IPO, what are the catalysis lead to it trade at higher range like Jul-Sep 17, Nov19-Feb20?

REIT? can't make money now.
Construction? Other construction counters haven't see the shine yet.
Digital Banking license? Still far ahead and lots money got to invest first and no guarantee of return as competition is tough too.
Properties?
Recovery play?
18/06/2021 3:17 PM
Gerrardo Sharks already cash out from Sunway maybe
18/06/2021 3:25 PM
fortheemprah 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
18/06/2021 5:03 PM
invest icon @Gerrardo, sharks live in sea not Sunway and they eat free raw meat no need cash.
18/06/2021 6:51 PM
serendipity89 News is out on the edge weekly, sunway selling healthcare stake to GIC singapore. But no indication of how many percebt or price.
19/06/2021 11:26 AM
martinbartesque https://www.businesstimes.com.sg/consumer/malaysias-sunway-plans-stake-sale-in-healthcare-business-to-gic
19/06/2021 4:21 PM
martinbartesque https://www.reuters.com/article/sunway-divestiture-gic/update-1-malaysias-sunway-plans-to-sell-healthcare-stake-to-singapores-gic-report-idUSL2N2O102B
19/06/2021 4:26 PM
martinbartesque Expect sunway can exceed rm2.00 this time
19/06/2021 6:36 PM
serendipity89 next week rally......
19/06/2021 7:15 PM
invest icon 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
19/06/2021 10:31 PM
martinbartesque 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?
20/06/2021 9:09 AM
serendipity89 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.'
20/06/2021 9:40 AM
invest icon @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.
20/06/2021 4:35 PM
invest icon 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.
20/06/2021 4:48 PM
martinbartesque Invest icon, thanks for your clarification.
20/06/2021 6:35 PM


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