Posted by humongainz > 2020-09-12 15:56 | Report Abuse

yes this is a wonder stock. but only if u hold for long term.

Posted by hotdip > 2020-09-15 15:07 | Report Abuse

this counter look like about to bullish with positive review from investment banks & Big Fish started to collect shares quietly.

Posted by InvestNotGamble > 2020-09-15 19:53 | Report Abuse

@hotdip you're right, the biggest fish (Jeffrey Cheah's family) and EPF been absorbing sunway's share for almost 3 weeks. This counter gonna fly sky high starting today as it breaks 1.43 resistant level. TP RM1.95 is confirmed. I'm aiming profit taking at RM2.5 as RM2.88 is the actual SOP for Sunway after evaluating 20-25% disposal of their medical line stake.

Posted by humongainz > 2020-09-15 19:55 | Report Abuse

@InvestNotGamble That's a killer whale, not a fish la bro.

Won't reach TP that soon. But it'll get there.

Posted by wahd > 2020-09-23 09:11 | Report Abuse

When ICPS start ?

Posted by invest icon > 2020-09-23 15:58 | Report Abuse

@wahd Some investors request ICPS is Syariah compliance. Currently proposed ICPS had submitted for Syariah approval and estimate by Nov will gets approval

Posted by AlfI3 > 2020-09-26 07:37 | Report Abuse

It will take 'quite a while' for all the RI requirements to b complied with b4 to enroute for d capital raising exercise. U guys think can it b carried out prior to 1st half 2021?

Posted by Sailangking > 2020-09-27 00:03 | Report Abuse

what is tp

Posted by wahd > 2020-09-28 18:10 | Report Abuse

@invest icon , noted with thanks

Posted by invest icon > 2020-09-30 09:19 | Report Abuse

@AlfI3 Sunway management said the ICPS issuing expect to complete by end of this year

Posted by gongxifacai > 2020-09-30 15:09 | Report Abuse

This Cheah Family ah, keep collecting...the more you all throw, the more they can collect at low....rich people who knows their stock, they dont use company to buy back, they use personal holding company to buy from open market.

Posted by invest icon > 2020-09-30 23:30 | Report Abuse

@gongxifachai They heard your voice, today company buy back 740,000 shares at 1.37. cheers

Posted by Ooi Inn Jia > 2020-10-01 10:52 | Report Abuse

Hm.... I think that buyback bukan banyak pun, may see them buying more. Judging from recent active acquisition by the insiders & EPF over the past few weeks, I would say good news may be coming soon. Just an opinion from amateur, what do you guys think?

Posted by gongxifacai > 2020-10-01 14:52 | Report Abuse

Ooi Inn Jia, just look at the cheah family, who run the business of course know their business better than us. so they willing to spend so many million to acquire shares, of course they think their company is undervalued. if the stock price continue perform like this, and the cheah family continue acquire shares, dont be surprise if they announce privatized the company.

Posted by AlfI3 > 2020-10-02 05:32 | Report Abuse

If it wud b privatised, then d initial announced RI wud b aborted prior to d MGO rite?

Posted by invest icon > 2020-10-02 21:52 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3093417

Posted by invest icon > 2020-10-02 21:53 | Report Abuse

ICPS obtained shari’ah compliance

Posted by micsoh > 2020-10-05 22:16 | Report Abuse

Why not see announcement of warrant exercise price being step down 7sen, is anyone have any idea?

Posted by invest icon > 2020-10-05 22:53 | Report Abuse

@micsoh check this profile of Sunway WB UNDER Remarks https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2894025.

Posted by invest icon > 2020-10-05 22:54 | Report Abuse

By Oct 2023, The new conversion price will be around 1.28-1.30 when ICPS is launch

Posted by invest icon > 2020-10-05 22:55 | Report Abuse

Besides, there may have some free warrants WB when ICPS are issue

Posted by micsoh > 2020-10-06 07:56 | Report Abuse

Invest icon thanks for the info. By this time it shall be announced revise price, I don't know maybe today?

Posted by Ooi Inn Jia > 2020-10-06 09:55 | Report Abuse

@gongxifacai replied to my post 'Ooi Inn Jia, just look at the cheah family, who run the business of course know their business better than us. so they willing to spend so many million to acquire shares, of course they think their company is undervalued. if the stock price continue perform like this, and the cheah family continue acquire shares, dont be surprise if they announce privatized the company.'

Thanks 前辈，此话点醒梦中人。I'll look into that

Posted by supersinginvestor > 2020-10-06 15:00 | Report Abuse

Very undervalued company.buy n hold

Posted by micsoh > 2020-10-06 23:19 | Report Abuse

Why warrant exercise price still not adjust?

Posted by invest icon > 2020-10-07 10:58 | Report Abuse

on 4/10/20 the conversion price for WB should be RM1.63. There will be further reduction of conversion when ICPS successfully issue. Further adjustment will depends on number of ICPS issue. I believe the final convention price from 4/10/23 will be around RM1.28-1.3. Couple with possible free 8-10% free warrants. Current WB at 0.24 is superb bargain

Posted by invest icon > 2020-10-07 10:59 | Report Abuse

I believe this is why Cheah family control 62% Sunway and more than 70% WB

Posted by john1218 > 2020-10-07 14:46 | Report Abuse

@invest icon why the WB conversion price will be adjusted after ICPS issued? Would like to understand this, thanks.

Posted by invest icon > 2020-10-07 15:40 | Report Abuse

When ICPS is issue, ICPS expiry date is 5 years but can convert earlier if the holders wants to. So, if ICPS is convert into Sunway Shares before the expiry of warrants. Capital is enlarge even though the expiry date maybe after expiry date of warrants. So, conversion price have to adjust lower due to capital is assume enlarge. You can check the announcement on ICPS.

Posted by invest icon > 2020-10-07 15:56 | Report Abuse

This is extracted from 11th Aug announcement
(i) the existing exercise price of the Warrants:

Adjusted exercise price =Existing exercise price x (C-D)/C
= 1.72 x (1.55-0.15)/1.55 = RM1.56

(ii) the number of Warrants:

Adjusted number of Warrants =Existing number of warrants x C/(C-D)
= 629,958,045 x 1.55/(1.55-0.15) = 697.453,550

Additional Warrants to be issued = 697,453,550 - 629,958,045 = 67,495,505

Posted by invest icon > 2020-10-07 15:58 | Report Abuse

1.56 is the new conversion in end 2020 after ICPS issue and yearly reduction will carry on till Oct 2023 as the lowest conversion rate

Posted by invest icon > 2020-10-07 16:00 | Report Abuse

What I'm not sure is the additional warrants is free for Existing Warrants holders or others and the yearly reduction is base on percentage of adjustment or 7 cents per year

Posted by invest icon > 2020-10-07 16:02 | Report Abuse

During the EGM, the management just mentioned the additional warrants is for existing holders. Logically, I assumed Existing holders refer to existing Warrant holders

Posted by aa111111 > 2020-10-07 16:03 | Report Abuse

8.88

Posted by AlfI3 > 2020-10-07 21:52 | Report Abuse

Ya, for existing holders ony

Posted by gordonramsay > 2020-10-07 22:11 | Report Abuse

when will ICPS be issued?

Posted by invest icon > 2020-10-08 09:46 | Report Abuse

@ gordonramsay ICPS just been granted Syariah status last week. I believe details will announce soon and issuant expected to be completed by this year

Posted by john1218 > 2020-10-08 15:28 | Report Abuse

@invest icon thanks for your explanation. If the conversion price is projected reduce to 1.30 level by Oct 2023, then it would be a very good offer.

Posted by jshy662 > 2020-10-09 10:03 | Report Abuse

em... why Sunway spend so much to buy back their shares ya??? something brewing???

Posted by invest icon > 2020-10-09 10:14 | Report Abuse

Maybe this deal has found suitable investor. https://klse.i3investor.com/blogs/hleresearch/2020-09-04-story-h1513319089-Sunway_Potential_Unlocking_of_the_Healthcare_Unit.jsp

Posted by gongxifacai > 2020-10-09 13:43 | Report Abuse

cheah family personally acquired when share price around RM1.35-RM1.37.
Then in order to push high the share price, they use the company to buy back share from RM1.36-RM1.40... smart moves..

Posted by invest icon > 2020-10-09 15:35 | Report Abuse

1.35-1.37 are just some of recent bought. He actually bought few millions as high as 1.43 since September

Posted by SmallFishyy > 2020-10-12 17:16 | Report Abuse

Have faith in sunway, buy and hold

Posted by hornbill > 2020-10-16 16:47 | Report Abuse

Most Sunway business is badly effected.

Posted by alfred > 2020-10-17 16:59 | Report Abuse

Sunway Lost World of Tambun theme park closed for 14 days

Posted by alfred > 2020-10-17 16:59 | Report Abuse

Only one tourism destination in Perak has been temporarily closed due to the recent spate of COVID-19 infections.Perak Housing, Local Government and Tourism Committee chairman Datuk Nolee Ashilin Mohammed Radzi said, however, no other tourist spot was affected so far.
The closure of the Sunway Lost World of Tambun theme park for 14 days beginning Tuesday was an approach taken by the theme park’s management itself after some visitors were suspected to have been positive.

Posted by RainT > 2020-10-18 19:46 | Report Abuse

U will not have chance to buy at this price if there is no crisis

when crisis come opportunity

you must know how to buy & to buy which one

no during crisis is all sell , make big money by buy the right investment during crisis

Posted by samo50sg > 2020-10-20 22:07 | Report Abuse

IMO. Closing lost world for 14 days to cleanup and quarantine is the correct decision. I hope they won't u-turn on this. Just 1 week more.

Posted by AlfI3 > 2020-10-21 07:07 | Report Abuse

Closure of theme park for a certain period will somehow jeopardise revenue for a certain extend (especially during this cuti2 Malaysia time). The impact cud ony b known when d coming QR released.

Posted by hornbill > 2020-10-21 12:36 | Report Abuse

Sunway can stand for strong wind