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3,862 comment(s). Last comment by kancs3118 at Jun 11, 2018 10:29 AM
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nemesis
2330 posts

Posted by nemesis > Jun 7, 2018 01:06 AM | Report Abuse

I don agree with you at all...I mean it is impossible for a small cap stock with just 310 mil shares outstanding to achieve tat kind of near 1 bil unbilled sales...they need to resort to high borrowings to fund operations to achieve tat huge unbilled sales since shareholders fund is small...So now they exercise RI to lower down the bank borrowings and it is beneficial to Us as well since we can participate in Symlife future growth with cheaper entry through RI n at the same time increase the liquidity of the shares in the future when it's shares base enlarged...All tis are expected to contribute positively to Symlife in the long term...


kancs3118
1823 posts

Posted by kancs3118 > Jun 7, 2018 12:30 PM | Report Abuse

@ nemesis....anything new other than bodek Symlife ?

Melanie's input seems to be very insightful


nemesis
2330 posts

Posted by nemesis > Jun 7, 2018 01:38 PM | Report Abuse

I am talking facts here Kancs...If Symlife has weak earnings, then taking out extra money for RI is a very bad idea...BUT here we are supporting a company tat has close to 1 bil unbilled sales, at least for the next 3 yrs we don have to worry about its quarterly fin report...It is set to deliver steady profits as unbilled sales turns into net profit...In fact Symlife jewel in the crown most valuable asset is its 420 acres land bank in Sg Long...If we revalue tis land and all others landbank fm its balance sheet, then Symlife will have RNAV of at least 4.60...So not only u get a steady profit growth fm Symlife but u will also get a share of its 7 bil Sg Long(420acres) in the future at cheap valuation now...We just need to subscribe to tis RI to support its growth path...It is like u pay just 0.35 Sen to get back 1.00 value of growth moving fwd...


nemesis
2330 posts

Posted by nemesis > Jun 7, 2018 01:44 PM | Report Abuse

In stock investment one should never focus on short term performance...we should have a long term horizon and see things in bigger picture..."In the interim the stock mkt is a voting machine, but in the long term it is a weighing machine" What counts in the long run is its intrinsic value tat will face with reality...


nemesis
2330 posts

Posted by nemesis > Jun 7, 2018 01:56 PM | Report Abuse

Lets do a simple calculation here...Due to property slowdown we apply 70% discount to RNAV... RNAV 4.60 X 70% = 1.38 (fair Value)...
At 0.62 now, Symlife is trading at a massive discount to its RNAV n its fair value...RI might seems to be an ugly thing, but if we see the whole picture, then Symlife is a Crying BUY as it is deeply undervalued to its asset n profit growth


kancs3118
1823 posts

Posted by kancs3118 > Jun 7, 2018 02:32 PM | Report Abuse

Sungai Long project is very far away...Sungai Long land is a leasehold land...being amortised yearly and the value drops annually. Hence, if the development is to be pushed out by three years, the land may not be so valueable.

The watershed moment is how Union Suites going to perform. This is more important than that Sungai Long land.

Since you are living in KL, why not if you go and visit their Union Suites sales gallery ?


nemesis
2330 posts

Posted by nemesis > Jun 7, 2018 02:38 PM | Report Abuse

Union Suite is a just a very small portion of the total GDV...It won't hurt if it doesn't sell well...As far as I know land value will never drop it will up and up as time goes by...Sg Long land will up n Up the longer it goes...


nemesis
2330 posts

Posted by nemesis > Jun 7, 2018 02:53 PM | Report Abuse

SG Long development will be affordable housing project so it should sell well...If u still doubt about Symlife potential I suggest tat u Sell all Ur Symlife holdings Kancs to kill your worries and let others reap the future growth...


greddym3
285 posts

Posted by greddym3 > Jun 7, 2018 10:26 PM | Report Abuse

High rise development can generate higher profit than landed but the risk is higher because you have to build all the units regardless of the take up rate. What is dragging Symlife is their Union Suites and Tijani Raja Dewa projects which have very low take up rate.


Alvinkua
75 posts

Posted by Alvinkua > Jun 9, 2018 08:59 PM | Report Abuse

https://www.facebook.com/STARRESIDENCESKLCCOFFICAL/videos/1706281696114145/


nemesis
2330 posts

Posted by nemesis > Jun 11, 2018 10:03 AM | Report Abuse

Really Amazing


kancs3118
1823 posts

Posted by kancs3118 > Jun 11, 2018 10:29 AM | Report Abuse

The build is really fast.....when they stacked up one floor by one floor....

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