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Kenanga tells IJM shareholders to reject Sunway's takeover offer. The firm said the offer price fails to reflect IJM's intrinsic value, as it is below its fair value estimate of RM3.40.
Sunway's offer does not benefit the shareholders of IJM. And we will show why this is so. Our analysis is based purely on financial data. Read more on The Edge.
Let the syndicates continue to dump another 35- 40% lower, that's what they do best, in causing maximum pain to shareholders. Not doing anything, watching how they're playing the game ha ha