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0.82   -0.005 (0.61%)  0.82 - 0.825  60,000
3,590 comment(s). Last comment by hng33 at Nov 9, 2017 11:47 AM
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nemesis
2097 posts

Posted by nemesis > Oct 5, 2017 08:51 PM | Report Abuse

Let's buy....


kancs3118
1738 posts

Posted by kancs3118 > Oct 5, 2017 08:53 PM | Report Abuse

@ Azman,
Symlife has got Langkawi Shopping Mall (the only major mall in Langkawi).
Thereafter, it has got The Wharf Mall (which is currently under approval stage) and Symphony Square.

Hence, SymLife has got about 3 investment properties. So, having a mini REIT is not a far fetched idea...


azman123
25 posts

Posted by azman123 > Oct 6, 2017 12:04 AM | Report Abuse

of course, look at these prime locations. ascott beside klcc and symphony square in bustling pj area. don't play play. ksl more than double its share price when it completed its investment properties ksl mall and the resorts many years ago


azman123
25 posts

Posted by azman123 > Oct 6, 2017 12:08 AM | Report Abuse

ksl properties mostly in jb. symlife's mostly in kl and pj. hahaha


equitydiary
76 posts

Posted by equitydiary > Oct 6, 2017 09:16 AM | Report Abuse

Symlife is looking to sell its Langkawi Shopping Mall, as highlighted during AGM.

Some unlocking of value if it manages to do so. Net book value RM31.2mil. Fair value RM51.2mil as at 31 Mar 2017 (note 18 on pg 120 of annual report 2017).


kancs3118
1738 posts

Posted by kancs3118 > Oct 6, 2017 11:19 AM | Report Abuse

I rather they don't sell this shopping mall...just refurbished it and then keep for rental income ...or probably create a REIT and sell it to their REIT and cash out....whilst maintaining control.l via the REIT


equitydiary
76 posts

Posted by equitydiary > Oct 6, 2017 11:35 AM | Report Abuse

Sell to a REIT possible. Set up one themselves unlikely.


azman123
25 posts

Posted by azman123 > Oct 6, 2017 05:09 PM | Report Abuse

why unlikely?


kancs3118
1738 posts

Posted by kancs3118 > Oct 6, 2017 05:22 PM | Report Abuse

Must be due to the required size of the REIT and other regulatory requirements...


hng33
13426 posts

Posted by hng33 > Oct 13, 2017 06:21 PM | Report Abuse

Symlife force to buyback again it cheras land due to inability to seal the disposal, need to make reversal gain -RM 8.1m incur in previous quarter Q1 result and make compensation to RM 300,000 + absorb legal cost RM30,000.

The cheras land although have high potential in future but it now tight with very long lease which need more than 10year before it can recoup back the land.

Hope symlife can deliver higher profit to offset these reversal gain in coming quarter


kancs3118
1738 posts

Posted by kancs3118 > Oct 13, 2017 08:16 PM | Report Abuse

Tesco is an asshole...


Si Min Tan
238 posts

Posted by Si Min Tan > Oct 13, 2017 08:31 PM | Report Abuse

Tesco refused to move out? Symlife offers anything to tesco?


kancs3118
1738 posts

Posted by kancs3118 > Oct 16, 2017 06:58 AM | Report Abuse

https://www.nst.com.my/business/2017/09/281619/alpine-return-ascott-launch-ascott-star-klcc


kancs3118
1738 posts

Posted by kancs3118 > Oct 17, 2017 06:39 PM | Report Abuse

https://www.nst.com.my/property/2017/08/268923/alphine-gears-third-tower-project


equitydiary
76 posts

Posted by equitydiary > Oct 18, 2017 12:00 AM | Report Abuse

https://www.nst.com.my/property/2017/10/290217/ringgit-boon-malaysian-market


equitydiary
76 posts

Posted by equitydiary > Oct 31, 2017 05:39 PM | Report Abuse

http://star-residences.com/assets/img/news/starnews-04.pdf

(http://star-residences.com/news.php)


Alvinkua
67 posts

Posted by Alvinkua > Oct 31, 2017 06:59 PM | Report Abuse

https://www.facebook.com/STARRESIDENCESKLCCOFFICAL/videos/1490033281072322/


kancs3118
1738 posts

Posted by kancs3118 > Nov 1, 2017 12:35 PM | Report Abuse

@ equity diary - thanks for sharing the article. Good news is that the percentage of completion = 35%. We will soon see superb earnings growth in the coming quarters. My reading is that mid 2018 will see SymLife experiencing explosive growth. Perhaps Tan Sri will market his company to the big boys at the end of 2018/ 2019?


azman123
25 posts

Posted by azman123 > Nov 1, 2017 01:05 PM | Report Abuse

thanks for the update peeps. that's really fast. three months ago tower 1 & 2 at level 16/17
now tower 1 at level 28, tower 2 at level 24, tower 3 at level 17
looking forward to the spectacular results for the coming quarters!!


kancs3118
1738 posts

Posted by kancs3118 > Nov 1, 2017 03:16 PM | Report Abuse

@ Azman123, per my friend's input (a qualified civil engineer), normally after the foundations work/ basement work - the construction of high rise will move into high gear - it is stacking up one floor on top of another floor and this occurs at a very high speed. With faster construction, progressive billings kicked in and then we can see explosive results in the coming quarters.


Si Min Tan
238 posts

Posted by Si Min Tan > Nov 1, 2017 08:53 PM | Report Abuse

@kancs3118, meaning RT1 and 2 already contribute a lot, but RT 3 has to wait until basement and car parks completed only will contribute significantly?


nemesis
2097 posts

Posted by nemesis > Nov 2, 2017 03:00 PM | Report Abuse

Haha talk and analyse so much also no use...construction build till which floor also irrelevant when the share price just don wanna move n stagnant.


nemesis
2097 posts

Posted by nemesis > Nov 2, 2017 03:00 PM | Report Abuse

Another lousy stock...


FAIRnREASONABLE
219 posts

Posted by FAIRnREASONABLE > Nov 2, 2017 08:06 PM | Report Abuse

I remarked earlier that there was large volume bought over a period at 0.88. Is it possible that those shares might be released recently to keep the price down and stagnant.
If so, what to read from this action?
Looking at some new recognized corporate names on top 30, could there be something lurking?
I am happy to wait for this stock to realize its potential even some years down.
It will be very bad if we are forced to leave again by take-over offer based on price over a certain period despite the intrinsic value is much much higher.


nemesis
2097 posts

Posted by nemesis > Nov 3, 2017 10:32 AM | Report Abuse

Hey guys why Symlife falling so steep today...down to 0.81 now...is something wrong or it might be taken private...it is quite worrying


nemesis
2097 posts

Posted by nemesis > Nov 3, 2017 10:33 AM | Report Abuse

Someone is hammering down the price


FAIRnREASONABLE
219 posts

Posted by FAIRnREASONABLE > Nov 3, 2017 12:37 PM | Report Abuse

Volume is low.
Seems a case of purposely lowering the price by seller(s), by taking advantage of the low volume. Rather evident from the pattern of selling.


siam8888
452 posts

Posted by siam8888 > Nov 3, 2017 04:57 PM | Report Abuse

Something wrong in this company


hng33
13426 posts

Posted by hng33 > Nov 6, 2017 03:22 PM | Report Abuse

bought symlife at 80-80.5sen


kancs3118
1738 posts

Posted by kancs3118 > Nov 6, 2017 03:37 PM | Report Abuse

Hng33 is a real opportunist


hng33
13426 posts

Posted by hng33 > Nov 7, 2017 08:53 PM | Report Abuse

Symlife currently have about RM 1.0 billion unbilled sale including star residence. Majority of these unbilled sale now have reached progressing billing 20-30% level, therefore, profit recognition onward will be speed up.


hng33
13426 posts

Posted by hng33 > Nov 8, 2017 10:50 AM | Report Abuse

Take note that star residence only reach 12% progress billing up to last q ending 30 June. But progressing billing have speed up massively to up to 30% progressing billing now.


kancs3118
1738 posts

Posted by kancs3118 > Nov 8, 2017 11:15 AM | Report Abuse

@ hng33, don't understand lar...please explain in layman language


azman123
25 posts

Posted by azman123 > Nov 8, 2017 11:23 AM | Report Abuse

then why share price goes south?


hng33
13426 posts

Posted by hng33 > Nov 8, 2017 01:56 PM | Report Abuse

10% is for billing from signing SPA ( actual profit recognition is nil as most offer rebate 10% )

10% is for billing from pilling and foundation ( actual profit recognition is minimum as developer need to pay property agent fees range 3-5%) - TWT currently already reaching these phase.

15% is billing from the reinforced concrete framework and floor slab, counted floor by floor upward ( these phase is REAL profit recognition) - star residence currently already reaching these phase


kancs3118
1738 posts

Posted by kancs3118 > Nov 8, 2017 02:06 PM | Report Abuse

@ hng33, do you have the schedule of progressive billings ? Like the ones found in the Schedule in SnP?


nemesis
2097 posts

Posted by nemesis > Nov 8, 2017 05:13 PM | Report Abuse

Hai...no need to be so detail lar...U wanna go into so detail BUT share price drop also useless right...Don worry the 1 billion unbilled sales will come soon...


hng33
13426 posts

Posted by hng33 > Nov 8, 2017 07:08 PM | Report Abuse

Progress billing stage

10% is for billing from signing SPA ( actual profit recognition is nil as most offer rebate 10% )

10% is for billing from pilling and foundation ( actual profit recognition is minimum as developer need to pay property agent fees range 3-5%) - TWT currently already reaching these phase.

15% is billing from the reinforced concrete framework and floor slab, counted floor by floor upward ( these phase is REAL profit recognition) - star residence currently already reaching these phase

10% - the walls of the said Parcel with door and window frames placed in position

10% - the roofing/ceiling,electrical wiring, plumbing (without fittings), gas piping (if any)and internal telephone trunking and cabling to the said Parcel

10% - the internal and external plastering of the said Parcel

5% - the sewerage works serving the said Building

5% - the drains serving the said Building

5% - the roads serving the said Building

12.5% - On the date the Purchaser takes possession of the said Parcel with water and electricity supply ready for connection to the said Parcel

2.5% - Within twenty-one (21)working days after receipt by the Purchaser of the written confirmation of the Vendor ‘s submission to and acceptance by the Appropriate Authority of the application for subdivision of the said Building

5% - On the date the Purchaser takes vacant possession with 2.5% at the expiry of 6 months after the date the Purchaser takes vacant possession of the said Parcel and 2.5% at the expiry of 18 months after the date the Purchaser takes vacant possession of the said Parcel


kancs3118
1738 posts

Posted by kancs3118 > Nov 8, 2017 09:28 PM | Report Abuse

Mmm...this schedule is a template from HDA act ?


hng33
13426 posts

Posted by hng33 > Nov 9, 2017 11:47 AM | Report Abuse

:)

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