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Terry Chew replied to comment on SUNWAY.
1 year
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Pengerang LNG (Two) Sdn Bhd (PLNG2SB) chartered a Floating Storage Unit (FSU) from MISC instead of building a new LNG Storage Tank in Pengerang. "CGS CIMB cited the estimated FSU contract value of up to US$213.7m implies a time charter rate of just US$29,274/day, which is a far cry from the now-expired 20-year LNG time charter rate of US$130k/day (in our estimate) and also lower than the US$50k/day that we had pencilled for an LNG vessel replacement contract." This could imply a negative prospect for Dialog's midstream business.
https://www.businesstoday.com.my/2023/11/01/new-fsu-for-plng2-may-impact-course-set-by-misc-and-dialog-cgscimb/
https://www.businesstoday.com.my/2023/11/01/new-fsu-for-plng2-may-impact-course-set-by-misc-and-dialog-cgscimb/
The 20% discount probably referring to dilution when they issue this ICPS at 1:5, which the dilution already happened, since it's irredeemable and convertible meaning all of the shares will be converted to mother share 4-5 yrs from inception.
Sunway, sunreit only lease the building to sunway medical
How's Sunway Pyramid during CMCO? Sunway Carnival in Suberang Perai Hypermarket tenant closed down dy, a lot phone retail booth closed down also.
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