Highlights
KLSE: SYMLIFE (1538)       SYMPHONY LIFE BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
0.575   0.00 (0.00%)  0.00 - 0.00  0
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General Meeting

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Ann. Date Date Time Type Venue View
09-Aug-2018 29-Aug-2018 10:30 EGM Cenderawasih Ballroom A, Glenmarie Golf & Country Club, No. 3, Jalan Usahawan U1/8, 40150 Shah Alam, Selangor Darul Ehsan Meeting Detail
27-Jul-2018 29-Aug-2018 09:30 AGM Cenderawasih Ballroom A, Glenmarie Golf & Country Club, No. 3, Jalan Usahawan U1/8, 40150 Shah Alam, Selangor Darul Ehsan Meeting Detail
25-Jul-2017 23-Aug-2017 09:30 AGM Glenmarie Ballroom A, Holiday Inn Kuala Lumpur Glenmarie, No. 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan Meeting Detail
27-Jul-2016 24-Aug-2016 09:30 AGM Glenmarie Ballroom A, Holiday Inn Kuala Lumpur Glenmarie, No. 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan Meeting Detail
12-Aug-2015 09-Sep-2015 09:30 AGM Cenderawasih Ballroom, Glenmarie Golf & Country Club, No. 3, Jalan Usahawan U1/8, 40150 Shah Alam Meeting Detail
14-Aug-2014 10-Sep-2014 09:30 AGM Glenmarie Ballroom A, Holiday Inn Kuala Lumpur, Glenmarie, No. 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan Meeting Detail
29-Aug-2013 24-Sep-2013 10:00 EGM Glenmarie Ballroom A, Holiday Inn Kuala Lumpur, Glenmarie, No. 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan Meeting Detail
29-Aug-2013 24-Sep-2013 09:30 AGM Glenmarie Ballroom A, Holiday Inn Kuala Lumpur, Glenmarie, No. 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan Meeting Detail
21-Feb-2013 20-Mar-2013 09:30 EGM Bolton Studio, Ground Floor, Symphony House, Dana 1 Commercial Centre, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
09-Aug-2012 05-Sep-2012 09:30 AGM Saujana Ballroom, The Saujana Kuala Lumpur, Saujana Resort, Jalan Lapangan Terbang SAAS, 40150 Shah Alam, Selangor Darul Ehsan Meeting Detail
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  8 people like this.
 
kancs3118 SymLife mati liaw (cry cry sob sob)
21/05/2018 17:40
kancs3118 when is the results going to be released?
24/05/2018 10:17
LimKT great
24/05/2018 10:17
LimKT try to invest in this
24/05/2018 10:17
FunnyTan will fly when results out
28/05/2018 15:39
kancs3118 Star Residences have started to contribute in a significant way ($17M). However, took a hit in the reversal on a gain for disposal of the Taman Midah land if about $7M.
31/05/2018 07:10
melanie181818 Before ex ald 0.60... at current price, each right costs around 0.125 and share price will be adjusted to 0.475 post RI, assuming 310M rights
01/06/2018 20:06
melanie181818 Actually should cancel the RI and do private placement, market condition unfavorable
01/06/2018 20:07
nemesis Hi Melanie may u know how do you get "each right cost ard 0.125" n wat does it mean? Do u mean to say we need to pay just 125.00 for each 1000 shares of Symlife owned...is the RI tat cheap?
02/06/2018 00:28
melanie181818 No, I mean the price of each renouncable right upon listing is 0.125. You can sell off within a week if you do not plan to subscribe to a new share by paying another 0.35. But normally there'll be some selling pressure, so it should be trading between 0.10 to 0.12, if the ex kicks in at 0.60
02/06/2018 07:37
nemesis Thanks...So do you think we should subscribe for Symlife RI? Is it worth paying 0.35 for its future earnings which I think is volatile...The company stated it still has 930+++ mil unbilled sales but earnings still not tat robust as we think...So is it worth it to support Symlife since they might kick start the 7 bil Sg Long project one fine day...Will u subscribe the RI Melanie?
02/06/2018 08:50
nemesis But if less ppl subscribe, then who will swallow up all the unsubscribed RI? Will Tan Sri Azman Yahya swallow all...like tis he will sure enlarge his stake in Symlife...If he has a bigger stake in Symlife I will surely acquire more of Symlife as Tan Sri is very capable n prominent and management is superbly strong...what do you think?
02/06/2018 08:56
nemesis During tis property recession...not many Small Cap Developer like Symlife tat can achieved 940 mil unbilled sales...I guess only Symlife did tat!!!at least there is quaranteed 3 years of robust earning visibility ahead while waiting for its 7 bil Sg Long project to kick off...I ve decided to support and subscribe to the RI no matter what...
02/06/2018 14:35
kancs3118 But then, Elevia Residence 70% sold only ...after so many years......
Poor sales for Tijani Raja Dewa at Kelantan,
And poor sales for Union Suites...only 33% sold for units being offered for sales...
Inventories of RM100M
All of this....shoes danger
02/06/2018 22:55
kancs3118 Shows
02/06/2018 22:55
nemesis Not only Symlife facing tis high inventories...Even Mahsing n KSL facing the same problems...But 940 mil unbilled sales is good enough to maintain steady profits for the next 3 yrs to come...poor take up rate is normal during property recession...most developers are facing the same problem
03/06/2018 00:52
azlan88 Symife shall expedite the RI to avoid share overhang. Apart from cushioning effect from burgeoning debt, the RI is intended to strengthen TSAY grip.
03/06/2018 11:46
melanie181818 i will not subscribe. First, the market condition. There are many other stocks currently trading at more attractive valuations, blue chips to name a few. The probability of these blue chips to recover is very much higher than symlife.. secondly, the bad sales of union and Kota Bahru projects, the delay in launching sg long projects, significantly higher inventory etc, set off multiple red alerts. It could be challenging to replenish the unbilled sales. It is also difficult to understand why launch condo blocks in Kota bahru? Except in kl, selangor, and Penang, 8 out of 10 condo projects in other places are bound to fail. I wonder if they carried out market survey before launch. As for sg long project, unless they roped in some big names for jv, they should just sell the land, high capital and long gestation period. In short, short term outlook is clouded by RI, medium term and long term is unclear with the bad sales and capital intensive project.
03/06/2018 19:26
melanie181818 Anyway, there might be some surprises with TH as significant shareholder, but this probability is low. Especially when TH has stopped buying even at the current price.
03/06/2018 19:32
melanie181818 Regarding the RI, Azman only pledged to subscribe a portion of rights, not all, in case of under subscription. That's to raise 60M, which is around 40% assuming 441m rights, please check the announcement on RI for exact figures. The other rights not subscribed will expire and share price adjusted accordingly, maybe.
In fact, they should have cancelled the RI and do private placement instead. But this will only raise around 30M compared to minimum 60M. Judging from the current situation, they have no other choice but to continue with the RI to raise as much cash as possible to try fixing the problem with union and kotabahru..
03/06/2018 19:47
melanie181818 But gdv of these two projects is around 650M, so even if they raise 100M - 120M if RI is fully subscribed, it won't help much. Better pray that sales of these two projects improves significantly in the near future
03/06/2018 20:25
melanie181818 I think launching condo in Kota bahru and high end condo for students are not so smart of azman. Should have better insights of the market. A few years back I check properties in subang jaya, many condos in the range of 600k above, 2 3 rooms targeting student rental badly overhang. But I gave azman the benefit of doubt since they should be the expert. But I was so wrong.. if I were azman, common sense would have told me to go into affordable housing, lower margin and higher sales, guaranteed profits will be safer in the challenging environment. Should always take the initiative to change, don't be stubborn
03/06/2018 20:37
nemesis Don have to look so far...just focus on its 940 unbilled sales tat will sustain profit growth for the next 3 yrs... Dividend also quaranteed for 3 yrs...
05/06/2018 11:55
melanie181818 Without RI, it's a nice bet. But now you have to pay upfront through RI to enjoy the profits. It's a matter of worth or not since there are plenty of bargains in the market
06/06/2018 11:13
melanie181818 No offense, but I feel that it would've throwing good money on a laggard stock
06/06/2018 11:22
nemesis 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...
07/06/2018 01:06
kancs3118 @ nemesis....anything new other than bodek Symlife ?

Melanie's input seems to be very insightful
07/06/2018 12:30
nemesis 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...
07/06/2018 13:38
nemesis 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...
07/06/2018 13:44
nemesis 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
07/06/2018 13:56
kancs3118 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 ?
07/06/2018 14:32
nemesis 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...
07/06/2018 14:38
nemesis 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...
07/06/2018 14:53
greddym3 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.
07/06/2018 22:26
Alvinkua https://www.facebook.com/STARRESIDENCESKLCCOFFICAL/videos/1706281696114145/
09/06/2018 20:59
nemesis Really Amazing
11/06/2018 10:03
kancs3118 The build is really fast.....when they stacked up one floor by one floor....
11/06/2018 10:29
melanie181818 Did they announce the ex date of RI? This is shitty, the share price will be sluggish until they complete the exercise. I expect some ppl will dump the rights upon ex to cash out, only one week of trading, so dump as quickly as possible if you don't want to subscribe
22/06/2018 21:00
nemesis They said tis exercise will be completed by 4th qtr right?
27/06/2018 13:42
uptrending Hi nemesis,

Could you please highlight to me from where did you get info about the 420 acres of land Symlife is holding and the GDV of which is about RM 7billion?

I can't find it in the latest AR.

Thank you.
13/07/2018 08:52
uptrending Is it this piece in Ulu Langat district
397.30 acres of Quarry land, 99 years leasehold?
13/07/2018 09:08
nemesis Hi uptrending...yup tat is the land...estimated GDV about 7 billion...420 acres...if developed will surely keep the company busy for 10 yrs to come...
13/07/2018 12:27
uptrending nemesis

Thank you very much.
13/07/2018 14:17
nemesis So will you subscribe to the coming Right Issue Uptrending?
13/07/2018 18:32
FAIRnREASONABLE TanSri is selling the other Symphony companies for RM164.1 million.
Hopefully the proceeds is used to take up the RI and to develop new projects, NOT to engineer a privatization at current depressed price which is below 1/3 NTA.
21/07/2018 16:11
enid888 Major shareholder usually makes the most money from privatisation. The following example shows very clearly about this. Symphony House was bought over by Tan Sri Azman at RM60mil in 2014 and sold at RM164.1mil to Boardroom 4 years later. He laughs all the way to the bank with RM104.1mil profits. Minorities are always on the losing side and victimised as many of them do not have the financial knowledge.

It is not surprising that Tan Sri will do the same for Symphony Life now at the current low price, way below its real value.

https://www.thestar.com.my/business/business-news/2014/03/27/azman-and...
22/07/2018 16:37
RVI123 Can someone let me know what will be the exercise price of Symlife-WB after the right issue?
06/08/2018 00:39
Yael Jasper Good stock
06/08/2018 11:28
nemesis Right Issue is good for the long term prospect of Symlife...At current price it is trading at a wide discount to its NTA of 2.25...A lot of new projects are in the pipeline for Symlife soon...Pls take tis opportunity to buy more at current low price b4 the Right Issue allotment exercise
06/08/2018 14:22
nemesis The are 2 main Catalyst to lift Symlife to greater height in the future...The proposed 7 billion Lembah Ledang Damansara project and the future 7 billion Sg Long project with a combined GDV of 14 bil tat will keep Symlife busy for the next 15 yrs to come with explosive growth...Now the only current problem they are facing is slight cashflow problem to deliver ongoing projects on time...Hence Right Issue exercise is significant to bring support to its business operations...I see deep intrinsic values to Symlife prospect to deliver sustainable explosive long term value to shareholders...7 bil Lembah Ledang project is the next growth story of Symlife with current unbilled sales stood at whopping 1 billion...
07/08/2018 10:47


 

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