Passing the Baton: One Woman's View from the Top

Sarena Cheah, Director of Strategic Corporate Developments at Sunway City Bhd, discusses:

- Brushstrokes view of Malaysian property sector - whether toppish;
- Views on poor market valuations of smaller listed property players;
- Reasons behind the SunCity-SunHoldings merger, how and why size matters;
- Pricing - reportedly done at 1.4x book value (rivals: 2.62x) - why;
- Weakening IPO market conditions and whether reason for undemanding valuations;
- Merged entity - land bank of >2,200 acres -- implications;
- Combined land bank total gross development value of RM25 billion;
- Potential market capitalisation of over RM3.5 billion and implications -- institutional investors;
- Expectations of merger synergies - details;
- Development pipeline for Malaysia, Singapore and China;
- Expansion: Singapore and China -- details;
- Succession issues;
- Family management versus so-called "professional" managers;
- Cheah family values;