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[SUNWAY] Why Price Stagnant?

Current merger offer price is 2.60. But why its price not moving and now stands @ 2.29 only?

Opinions please.
I guess is because the merger is done between the sunway group itself and not an offer from outsider ...
Still.. the offer price currently stands @ 2.60. That's what the shareholders will get, right?

Is it due to:

1) waiting for outcome at the EGM (most likely to be approved)
2) being pushed down for certain reasons

I'm confused..
I think there are a lot of quality stocks available now, with the new PetroChem, merged entity of UEM-Sunrise, MRCB-IJMland, banks stock etc

My feeling for Sunway (and maybe MRCB-IJMland) is, it really depends whether the majority public are interested to hold stocks in the newly merged Newco entity. If they aren't, buying interest won't be a lot, hence the current price now. It'll be a totally different scenario, if it's a takeover where cash is given.

Seems like majority bought the merger shares recently are short-term traders.
Ya, the merger will only be completed sometime 2H next year right? That could the reason investor choose to stay aside during recent market turbulence. If you have the holding power for the 10-15% profit, you may consider to buy now.

Seriously speaking Petrochem is way over priced. Titan before acquired by Honam, she was only traded at PER5+- only since IPO in 2004. But Petrochem is now priced at PER17-20x ... ridiculous pricing for cyclical stock...
yep, you are right. Time is also a factor. Still got a long time b4 this merger completes. Can buy later if want to and anything can happen now.
So, actually its more of a time factor why Sunway's price still at much lower than the offered price. But if we decide to buy close to the merger's time, will the price be high already?
Yes, it might and depends on investors' interest in the merged Newco.

Above all else, market sentiments are quite bad nowadays.
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