http://mystockfolio.blogspot.com/2010/11/w...aycity-now.html

As you already know, Sunway is merging with own SunwayCity to form a bigger property entity. This is following after the Sunrise-UEMLand and MRCB-IJMLand merger events. What a great move by Jeffrey.

Sunrise+UEMLand might be 1+1=3 as Sunrise has the technic and good reputation in Mont Kiara while UEMLand has a lot of landbanks in Johor-the future development in Malaysia at Iskandar area.
MRCB-IJMLand also not bad,but I see it as 1+1=2 only, just bigger in size.

While Sunway Holdings+Sunway City is in my mine=1+1=4 or even 5. Why?
First, Sunway merging Suncity will create a greater and better image for Sunway, flushing away the confusion in investors who are confused with whether to invest in either of the companies.
2nd, with the merging, institutional investor now invest in stock for the rest of assets not already in Sunway REIT. Example: The Sunway college, Sunway medical centre, Sunway Giza shopping mall....etc
3rd, the biggest catalyst in future is Assets moving from Newco Sunway --->SunREIT, it will further unlock the value in assets own in Sunway. Thus pumping up the cash for further development or special dividends.
4th. With its huge success in SunREIT IPO, Sunway Newco will further attract big institutional investors who love great volume, and lower risks. RM2.80 looks attractive compared to most analyst estimation of BVPS 3.50-3.70
5th. Its overseas development especially China Tianjin project if launch successfully, will be a great milestones for the company, and can provide further venture in future into China, maybe and IPO in HongKong or China ?
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Well, between Suncity and Sunway Holdings, I prefer Suncity. As most assets is at Suncity, and the Bookvalue of Suncity is actually more than offering price of RM5.10, it should be more than RM5.20

Any it is selling now at RM4.60, still lower than offer price RM5.10
RM5.10 according to most report, 20% in cash+80% in Newco shares swap
So, if you buy 1000 shares now at RM4.60, to simplify exclude the brokerage fees,etc.
Cost=RM4600
20% cash back on offer RM5.10=RM1.02*1000=RM1020
80% on RM5.10=RM4.08. As Newco Sunway offer at RM2.80, you can get 4.08/2.80*1000=1457 Newco shares.
And also 1 free warrant for 5 Newco shares (exercise price=RM2.80)

So, all in all you get:
Cash=RM1020+
1457 Newco share valued RM2.80=RM4079.60+
291 free warrant( If listing price is RM0.20=RM58)
If you decide to sell once listing of Newco at RM2.80
Your return=RM1020+1400xRM2.80( Forget the oddlot)=RM4940

Cost=4600
Return=4940
Profit=340(7.39%)

But if you see a good future in the company and since volatility surely improved, you decide to wait until mkt price reach BVPS estimate RM3.50
So, now your return is

Cash=RM1020+1400Newco share xRM3.50=RM5920
Profit=1320(28.69%)
And this is even excluding free warrant worth
RM0.70*290=RM203

So, now is Suncity a good buy for now? You Decide!

I thought Suncity and Sunway has already suspend their counters?

this morning already open for trading

Now i know why people are missing this great offer!!

Hope they have an easy integration and can boost values asap.

Well I believe Sunway+suncity is an easy combination
Sunrise+uemland might be harder as these 2 are totally different company with different culture and work standard.

nice deal btw
anyway, when is their general meeting
is it need to buy before the meeting

my money stuck with Petchem right now

With the falling market, new opportunity to accumulate for those who have missed.

True, it hardly goes down now for both stocks, good time to accumulate more for next yr

Are they, the sunway going to buy back all the shares in the market or they will just buy up to a certain percentage of shares, then they can proceed with the merging? then what happen to those who's still holding sunway or suncity share???

This post has been edited by 93126668: Dec 15 2010, 11:41 AM

can anyone share why is sunway and suncity not flying, though with such good offer coming along with the merger?

Thks

sunway will fly once shareholders voted for the merger at egm

t has already risen from around rm4 to current level after the news announced.

From rm4.5 to rm5.1 is around 13%, and it takes roughly about half a year to materialize.

If you think that 13% return in half a year time is good enough, you can definitely buy and hold.

Some people think that they can do better than 13% in half a year with other stock, and some people doesn't have the holding power. This could be the reasons why it is still at current level, and slowly moving up to around rm5 in half a year time.

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Added on February 8, 2011, 3:43 pmAnyone's still continue to buy sunway/suncity?

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Added on February 8, 2011, 3:43 pmAnyone's still continue to buy sunway/suncity?

This post has been edited by 93126668: Feb 8 2011, 03:43 PM

Sunway Testing Resistance Tested and Possible 15% gain


check this out


http://edwinextremebullrun.blogspot.com/20...nce-tested.html


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http://edwinextremebullrun.blogspot.com/

Hi brother, page not found

This post has been edited by SKY 1809: May 30 2011, 08:32 AM

hmm


repost again the link

http://edwinextremebullrun.blogspot.com/20...nce-tested.html

Well spotted bro, too bad I didn't jump on board as my cash is not enough. Hope you had made some good bucks from these counters

No worries as there are still many more gold mine to find hehe and not point chasing them anymore

http://edwinextremebullrun.blogspot.com/search/label/SUNWAY

still a good buy??? today i heard is EGM

http://announcements.bursamalaysia.com/EDM...2F?OpenDocument