@dragon328, not forgetting Sunway only owns 84% stake in Sunway Healthcare after divesting 16% stake to GIC in 2021. In comparison, IOIPG fully owns 100% stake in IOICB

Which makes the valuation gap between IOIPG and Sunway even bigger


Foreign funds have been buying big on Sunway, mainly driven by the prospect of it setting up a healthcare REIT to house the various Sunway hospitals. The listing timing is projected to be in 2027 and the potential valuation may be stretched to RM20 billion at a EV/EBITDA multiple of 20x. Sunway share price has more than doubled up YTD to a market cap of RM24.5 billion today.

In comparison, IOIPG potential injection of IOI Central Boulevard into a REIT in Singapore may be even sooner than Sunway's setting up of the healthcare REIT. IOICB may be injected into a REIT as soon as in 2025 once occupancy reaches 90% or higher. Potential valuation may be as high as SGD6.0 billion or RM21 billion, even higher than Sunway's potential valuation of its healthcare REIT.

IOIPG has a market cap of RM11.9 billion only, trading at only half of the potential valuation of IOI Central Boulevard.

Just to clarify. When u say 1 CW to accompany 1 mother share, do u mean in terms of number of shareholdings or in value terms?

CLIQ directors are wasting their time and money to go to the courts. Even if SC had approved their QA, it could still be rejected by shareholders in the EGM (just like Sona). Why don't the directors just move on with their life and return back the money to shareholders. Make everyone happy in the process...

AirAsia was doing well financially (benefits from lower oil price, stronger RM) until this placement comes in to dilute minorities. The key question is whether the earnings can more than offset the dilution?

good point mentioned by hpcp and Desa20201956. Nobody highlighted about the diluted project IRR figure. Definitely less than 15%

Company adjourned the meeting so that can it can give more time for people to think about the potential capital repayment. Mind u this is just a potential capital repayment. It is not guaranteed and not certain if a lot of shareholders voted against the acquisition. So, the quantum of the repayment can range from 0 to 7 sen. Even at 7 sen, it is not really attractive enough. What if most people vote against the acquisition, the capital repayment could just be 1 or 2 sen. Nothing to shout about

Title is misleading. Has Mr Koon added positions on Xingquan since his 1st purchase? Title of "Why am I buying Xingquan" means that Mr Koon is buying it now at the current price. Buying as much as i can since PE is low and the company has so much cash! Title should be renamed as "Why am I a shareholder of Xingquan?" if Mr Koon has no intention of buying more of the stock.

Don't panic. If u sell at this price, OLH will be the one buying from u. This is akin to accepting his low RM1.60 offer. He is just trying his luck here. He can't merge/consolidate the property companies without getting majority control of PJD