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Parkway
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iPunter
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12-Jun-2010 09:06
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Well, the thrill lies in the betting... And rewards will be great if the bet is correct... And if it is not, then that's not a problem as long as one is ready to dump it away... |
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E-war
Veteran |
12-Jun-2010 02:28
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And if they dun? | ||||
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niuyear
Supreme |
11-Jun-2010 14:49
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BUY Parkway HoldingsCompany Update One step closer to a bidding warPrice $3.77 Target $4.03 ST Index 2,745.8 What’s New
Its board has also approved a debt mandate of up to US$1.3b, subject to shareholders’ approval. With the potential financial supplements, our scenario analysis shows that Fortis may be able to launch a counter bid as high as S$5.05/share, assuming a partial offer of up to 51%. Fortis Healthcare plans to raise up to US$585m by issuing new shares.Our View
allowed to make a partial counter offer for Parkway, according to Singapore’s Takeover Code. However, it may apply to the Securities Industry Council for an exemption to the takeover rules. Having bought Parkway shares in the past six months, Fortis is not
most plausible case in our scenario analysis is that it could offer up to S$5.05/share in a counter offer for a 51% partial control. Assuming Fortis succeeds in its application for an exemption, the
US$2.3b for the 74.7% of shares that it does not own (based on S$3.78/share). Even with the financial supplements announced yesterday, the group is still short of the amount required unless it taps on the combined fortunes of the Singh brothers. In a general offer, however, Fortis will need to fork out at least
we estimate that it can counter Khazanah Nasional with S$7.04/share in a general offer or S$20.45/share in a 51% partial offer. In the extreme scenario where Fortis were to tap on personal wealth,Action & Recommendation In our view, the downside to share price is limited by Khazanah’s offer at S$3.78/share, but the upside potential is unlimited due to the impending bidding war between Khazanah and Fortis. Based in our SOTP valuations, our target price is $4.03. Reiterate BUY. |
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E-war
Veteran |
11-Jun-2010 04:57
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Fortis preparing for counter battle? | ||||
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niuyear
Supreme |
09-Jun-2010 16:08
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amazing, 3.780. hope can go up some more.
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niuyear
Supreme |
03-Jun-2010 09:43
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taking chances here, shall wait for it to go above 3.7. since waited for mths. no harm. :) | ||||
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hongjun
Member |
02-Jun-2010 16:49
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Agree. I sold mine too. | ||||
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ozone2002
Supreme |
01-Jun-2010 22:41
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FOLLOW THE INSIDERS..THEY KNOW WHAT THEY R DOING... I'M OUT ALREADY...:) Parkway directors pare stakes in open market By
ANGELA TAN
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lowchia
Veteran |
31-May-2010 23:27
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Today Parkway did a huge gap up and opens at $3.62 from the previous price of $3.02 Thursday. However it did not managed to close near the high of $3.79 despite having such high trading volume of 11.1 million shares. A white candle stick with long upper shadow indicated that investors are reluctant to continue buying up and choose to profit take as recommended by some intuitions. RSI & MACD indicators are bullish as RSI pass through 60% and MACD performing a “golden cross” Important Resistance of Parkway: $3.75 Immediate Support of Parkway: $3.62 We do not suggest to buy this stocks now but instead encourage profit taking once it drop below the support of $3.62 if vested. SEE CHARTS Just my 2 cents for reference |
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E-war
Veteran |
31-May-2010 16:54
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Congratulations on the windfall! | ||||
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niuyear
Supreme |
31-May-2010 16:32
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I am at 3.17 . Bought ever since your call . I 'tombang' my friends account that time when i told him to buy and i was not at my computer. Hope he dont 'eat up' my 3 lots. LOL!
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MY_BOY
Member |
31-May-2010 14:32
Yells: "MY BOY is a smart boy" |
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Mars and Jupiter
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minotaur
Member |
31-May-2010 13:45
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Will the takeover offer benefits Parkway life REIT too? Any pro out there pls advise... | ||||
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freaksg
Member |
31-May-2010 10:51
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Whats the offical date for the takeover? Will fortis have the $$$ to counter bids? |
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Richman
Veteran |
31-May-2010 09:35
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Parkway Holdings: Khazanah makes a partial offer. shares in Parkway to increase its stake to 51.5%. At S$3.78/share, the offer is a 25.2% premium to the last traded price on 26 May 26 of S$3.02/share. Fortis, a major shareholder with a 25.3% stake, would have to make a full general offer
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Richman
Veteran |
31-May-2010 09:32
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I buy based on recommendation. Luckily, I hold on and didn't cut loss. SINGAPORE 13 May 2010 Company Update Results MITA No. 010/06/2009Maintain BUY Previous Rating: BUY Current Price: S$3.35
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ozone2002
Supreme |
31-May-2010 09:20
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M'sia boleh...ahaha 3.78..make $0.6 for nothing..
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smartrader
Elite |
29-May-2010 12:04
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Dogs eat dogs...even if it is a group of singapore doctors, do you think they will give you discount ? As long as it is efficiently run and competitive, it can remain the race. If not, there will always be new players coming in .. | ||||
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Calculation
Senior |
29-May-2010 03:44
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Ordinary Singaporeans do not visit Parkway for medical treatment. We should worry about the charges imposed by government hospitals and polyclinics. Singapore ministers and President need high salaries to make a living; we shareholders too need profits to survive. Over the decades, the Government's policies have caused our medical costs in public hospital to rise to an unbelievable level. PRs and foreign employees do not pay substantially more than citizens. Lets throw nationalism out of the window! Sell our Parkway shares to the highest bidder! |
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178investors
Veteran |
28-May-2010 22:35
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well, those who bought before the counter was halted on thursday must be elated to reap a windfall surely. for that, i am happy for them. what if khazanah, a malaysian government sovereign fund succeeds in getting management control of parkway holding. What's the implication on long term healthcare costs for singaporeans when they need it badly especially when they are older and need to consume more healthcare services. Moreover, will our erthswhile neighbour under a different less friendly government use healthcare services to pressure singaporeans like they use water to squeeze us in the past. I am really concern about the implications of khazanah getting majority control here. In fact in malaysia, they do not allow foreigners to have majority control of their hospital groups there. IF i remembered correctly, a few years ago, Parkway had a majority stake in malaysia's Pantai Group of hospitals but had to transfer their big stake to Khazanah because of malyasian govt restriction on majority owning. I wonder why our singapore govt keep quiet here leh? I really worry when we grow old, we all at mercy again of future malaysian govt. Die die more future quarrels with our neighbour if this deal go through. |
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