The new Sunway (5211) after the merger

The new Sunway is expected to be listed in KLSE on Tuesday 23 August 2011 with the new stock code of 5211 under the Properties sector of the main board.

The will mark the completion of the merging exercise of SunCity (6289, Properties sector) and old Sunway (4308, Construction sector), resulting in a total of 1,292,505,004 Sunway ordinary shares and 258,501,000 Sunway warrants (exercise price RM2.80, expires on 17 August 2016) issued and listed.

According to its Prospectus dated 18 August 2011, the key financial data of the new Sunway for FYE Dec 2010 is as follow:

Revenue: RM3.134 billion
Gross profit: RM1.058 billion (margin: 33.8%)
Operating profit: RM592.142 million
PBT: RM717.267 million (margin: 22.9%)
PAT: RM997.483 million (margin: 31.8%)
Cash on hand: RM856.193 million
Debts: RM2.332 billion
Total equity: RM2.982 billion
Total liability: RM4.403 billion

EPS: 53.3 sen
Fully diluted EPS: 44.4 sen
NTA: RM2.01

Current ratio: 1.5
Gross gearing ratio: 0.9
Net gearing ratio: 0.6

Note that the PAT is higher than PBT for FYE 2010 due to reversal of deferred tax liability pursuant to the sale of certain properties to Sunway REIT.

And according to the unaudited FYE 2011 Q1 result announced in KLSE on 16 August 2011, the 1st quarter result is as below:

Revenue: RM833.711 million (26.6% of last year annual revenue)
PBT: RM79.219 million (11% of last year annual PBT)
PAT: RM88.921 million (8.9% of last year annual PAT)
Cash on hand: RM961.822 million (up by RM105.63 million or 12.34%)
Debts: RM2.328 billion (reduced by 4 million)
Total equity: RM3.079 billion (up by RM97 million or 3.25%)
Total liability: RM4.15 billion (reduced by RM253 million or 5.75%)

EPS: 5.28 sen (9.9% of last year EPS)
Fully diluted EPS: 4.4 sen (9.9% of last year diluted EPS)
NTA: 2.07 (up by 6 sen or 2.99%)

Unbilled sales: RM1.7 billion
Total order book: RM2.4 billion

Note that Sunway has just recently been awarded the Package B of Kelana Jaya line LRT extension project worth RM569 million, which will push their total order book to RM3 billion and above.

Disclaimer: This article is intended for sharing of point of view only. It is not an advice or recommendation to buy or sell any of the mentioned stock counters. You should do your own homework before trading in Bursa Malaysia.

Google to buy over Motorola Mobility for $12.5b

It seems that the patent lawsuits among Google and its competitors have extended into some eye popping M&A activities.

Despite losing up in the contest for Nortel (which carries 6000+ wireless technology patents) to the joint alliance formed by Apple, EMC, Ericsson, Microsoft, RIM and Sony, Google managed to increase its bargaining chips by snapping up 1000+ patents from IBM in late July 2011. And now, out of a sudden surprise, Google announced its move to acquire Motorola Mobility which carries 17000+  issued patents worldwide and 7500+ pending patents under application process.

Beside gaining a large amount of patents through this $12.5b exercise, by acquiring Motorola Mobility, Google will also move into Android phone hardware manufacturing business and compete with its partners in the Android alliance including Samsung, HTC, LG, etc. Anyhow, Larry Page calmed his fellow Android partners that this acquisition will not change Google commitment to run Android as an open platform, and that Motorola will be run as a separate business.

What impact has this move on the Android community and the entire smartphone market? Time will tell. Hopefully, it will bring more good than bad.

Click here to read the announcement made by Larry Page about the Motorola Mobility acquisition.

Using inSSIDer and WiFi Analyzer to scan wireless networks around you

Do you want to know what are the active WiFi networks around you, together with the detail of their signal strength, maximum bandwidth, and connection security setting? Do you want to search for WiFi networks with open security?

If you encounter connection and/or bandwidth problem with your own WiFi, do you want to know which is the best available wireless channel to have least disruption from other wireless networks around you?

inSSIDer is a free open source tools for PC running on Windows or Linux to scan for all nearby wireless networks and to troubleshoot competing access points. It is best used in a laptop with WiFi capability. It provides detail of the wireless network around you as shown below.

With it, you can look for unoccupied WiFi channel to set for your own WiFi network, in order not to compete with the others. If you compete the same channel with other access points, you will possibly encounter poor wireless speeds and even frequent WiFi network disconnection.

If you have an Android device (eg. smartphone or tablet), there is a similar tool for the mobile device called WiFi Analyzer. WiFi Analyzer even has a Channel Rating feature to suggest for least competed channel to get the optimum WiFi stability and speed.

If you install the open source WiFi Connecter Library together with WiFi Analyzer, you add in the ability for WiFi Analyzer to connect to the WiFi network that you tap on its listing. This will make WiFi Analyzer to be a nice GUI tool for you to pick for the WiFi network you want to connect.