Highlights
KLSE: SYMLIFE (1538)       SYMPHONY LIFE BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.37   0.00 (0.00%)  0.00 - 0.00  0
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
11-Oct-2018 12-Oct-2018 Exercise of Warrants 1,378 1.100 310,001,378 Additional Listing Detail
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  8 people like this.
 
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
melanie181818 At current price each right costs only 0.085.. not even worth selling.. gonna be worse when ex
26/08/2018 12:04
melanie181818 And sell down before qr, bad sign I think. Damn those insiders, need to report to sc
26/08/2018 12:05
nemesis Short term pain But long term gain...Symlife has every growth potential given its high unbilled sales n coming new developments...
27/08/2018 14:47
melanie181818 I bet this qr is not up to expectations, last few qr also same, selldown before qr, then qr out missed expectations
27/08/2018 18:50
nemesis Quarterly result better than expected...so far the highest QR...tomolo price should rebound!
28/08/2018 19:29
FAIRnREASONABLE Yes, good Q results. EPS - 5.46sens, NAPS - RM2.37.
Today closed at 56Sen. Right at 35sen.
Undervalued.
29/08/2018 19:00
kancs3118 Hi...anyone attended the AGM? Can share the updates ?
30/08/2018 18:02
nemesis Symlife VS Malton??? Which will you choose? Which is much better in terms of financial strength, profit n future growth??? Both have similar 1 bil unbilled sales...Share price at the moment is almost same currently...Total Net profit also similar of tis two companies almost same...Pls give Ur opinions....Symlife OR Malton?????????????????
31/08/2018 08:28
nemesis Symlife has Sky Residenses worth 3 GDV, Malton has Pavillion Bukit Jalil worth 4 bil GDV....
31/08/2018 08:31
RVI123 The exercise price of Symlife-WB is RM1.10. Anyone know what will be the exercise price after the right issue exercise? Will there be any additional right shares given to shareholders?
14/09/2018 00:01
azman123 at current price each OR costs only 8 cents when listed... by the end of the one week trading, i suppose only 1 or 2 cents.. if apply excess, maybe can get new shares for only 35 cents.. definitely cheaper than buying from the market
19/09/2018 22:33
RVI123 Symlife-WB exercise price will be revised downwards. Anyone knows how to calculate?
04/10/2018 17:12
RVI123 Twy Mont Kiara main contractor was terminated. It will cause losses to Symlife. LAD need to be paid to the buyers for late delivery.
04/10/2018 17:15
RVI123 Announced already. Exercise price is revised to RM0.79 per share.
04/10/2018 18:04
melanie181818 If symlife closes 0.50 on the 12th, it'll become 0.425 on the 15th, the OR will be listed on the 18th at 0.075, remember to sell ASAP if you'll not subscribe. Only 5 days to trade OR. If you don't subscribe after OR cease trading, you lose 0.075. On 18th, OR very likely close below 0.06. Better apply excess, no need buy from open market. Symlife really a rubbish stock
05/10/2018 12:53
azman123 Yes, expect price to go to 0.35 after new shares are listed. Those who got cheap from applying excess or cheap rights, will dump to realize gains.
06/10/2018 17:21
kancs3118 Hi all; anyone has any updates about Star Residences SR Tower 3 - the one they launched in partnership with Ascott ?
08/10/2018 06:42
kancs3118 What is the sales take up rate like ? In the quarterly report, it is announced that sales is encouraging but then, there is no numbers to back them up.
08/10/2018 06:43
RVI123 nemesis@, what is your view on Symlife? I realise that you know a lot about the company.
08/10/2018 10:13
nemesis RV123...tis Right Issue is a good opportunity to increase Ur participation in Symlife future tremendous growth...Tan Sri Azman is keen to strengthen his grip on tis company fm 22% to above 35% and will emerge single largest Shareholder of Symlife...BUT the risk is what will the take up rate for its future launches gives most of its properties are more to medium to high end property...its 935 mil unbilled sales will provide earning visibility for the next 3 yrs but its bank borrowings or debts remain at all time high even after Right Issue...On the Bright side they have jewel in the crown Sg Long n Lembah Ledang project tat has a combined GDV of at least 14 bil...But again how are they going to fund these projects since they have a tight balance sheet...Another coming Right Issue in the future or another slash in dividend due to poor cashflow??? Hope you make a good choice...time will tell
08/10/2018 12:32
RVI123 @nemesis, how is Tan Sri able to increase the shareholdings to 35%? Hoping others not taking up their rights and some excess goes to him?
08/10/2018 14:03
RVI123 @nemesis, any news on Sungai Long project? When will be the first launch?
08/10/2018 14:24
kancs3118 Forget about the Sungai Long land. Despite its much paraded $8B township, until today there is no emergence of a partner who is willing to finance the development of this $8B mega project. SymLife’s balance sheet is just too small to go at it alone. Perhaps they are trying to rope in Tabung Haji? Maybe that is why Tabung Haji emerged as a significant shareholder? But it is all just pure conjectures / speculations – my guess is as good as yours – at this moment. The next big thing here after Star Residences is really the $7B GDV Lembah Ledang project. This one has a more proper story to tell. We have got both Jakel (33%) and PNB (33%) to co-develop Lembah Ledang and they are now planning the development of this Lembah Ledang project. Inside the annual report, there is no mentioning of Sungai Long. Probably, it is something for Tan Sri to sell if the company runs into further liquidity problems.

Actually, I am abit pissed with this rights issue as it destroy shareholder’s wealth. In terms of the monies/ funds being raised – this is more like a bridging “loan” from the shareholders to tide SymLife over unexpected shortfalls in their financing. $60M is not much of a rights issue. But the share price is battered like Fxxx!. I believe someone is purposely trying to depress this share price so that the OR can be sold cheaply. It is interesting to note who is going to take up the excess for this rights issue. Another objective is already mentioned by nemesis – to let Tan Sri has a stronger grip on SymLife.

Moving forward – SymLife’s fortune is very much determined by
- Star Residences – Tower 3 (in partnership with Ascott Residences). Personally, I am not worried about Star Residences because the project has already more or less break even. I remembered someone told me Tower 3 is their pure profit as all costs are covered by Tower 1 and 2 and the Star Retail. Hence, by clocking in at $2450 per sqf and roping in Ascott, Tan Sri is trying to make it big. But then, the market appetite for high priced property sucks!
- Union Suites…from the quarterly reports, 50% of the units available for sales has been taken up. Well – hopefully, this project progress well.
- Same goes to their Tijani Raja Dewa.

Hopefully, the property market will recover in the next few years.
08/10/2018 18:02
nemesis RV...exactly...tat is why he pressed down the price to all time so tat you will panic sell all Ur shares to him to increase his control on the company...22% holding of Symlife by Tan Sri will only exposed the company of hostile takeover...After he increased his holding to at least 35%,it is hard for other predator to take over Symlife...it will test Ur patience when it goes even lower...
08/10/2018 19:56
nemesis Now the most important question is property overhang will get worsen as recession is coming...So be careful of company tat has high gearing even though they are profitable...High borrowings can kill a company during recession...Right Issue is never never never never never a good sign in all market condition...A good company will never ask extra money from shareholders...Right Issue to repay debts is the worst of All as it brings no benefits to us...
08/10/2018 20:04
RVI123 Thanks, nemesis and kancs3118.
09/10/2018 01:48
kancs3118 @ nemesis... SymLife has got high gearin- about RM350M debt....but then, this high gearing is offset by the high unbilled sales circa RM900M.

So, in those sense, SymLife is safe as the unbilled sales is 3 times coverage of the debt.

I think the RM60M raised is just to cover for shortfall in cash.

My main concern for SymLife is that they have a lot of projects in the pipeline that they want to launch and the timing now is really bad. Market for properties is really soft.
09/10/2018 09:47
kancs3118 Recognising this, tan Sri did mention that they want to replan their product launches ...to make the units more efficient (i.e.; smaller) and hence, more affordable. This is in line with the housing market trend now which is more towards affordable housing...
09/10/2018 09:48
kancs3118 If things turn really nasty, I believe they may resort to selling a part of the Sungai Long land...it is just sitting there ...idle....

I don't think they will sell the Langkawi shopping mall because this is generating recurring cash flows....
09/10/2018 09:52
kancs3118 Actually, Tan Sri style is JV style..major projects are all JV ...
Star Residences JV with UMLand....
Lembah Ledang JV with Jakel and PNB...
Sabah Signal Hill...JV with land owner....

I am just wondering, if they wanna develop Sungai long, who they will JV with? Tabung Haji??
09/10/2018 09:56
melanie181818 No light at the end of tunnel. Lucky I cut loss and switched to maybank and cimb months ago. Now recovered my capital. Initially was thinking of buying OR or applying excess. Now a bit hesitant, especially with the problem with twy. Remember 935m unbilled and 430m plus comes from twy. Star only contributes about 500m of it now. Only tower 3 left, but managemen dare not provide exact figures about the sales.. many problems.. impending lawsuits coming due to delay in twy, sg long land depreciates everyday, tight cash flow even after rights, possibly zero dividend this year, property hangover nationwide, possible recession etc. seems better to just move on
09/10/2018 10:06
nemesis Switch to MKland...Tun Mahathir BFF...
09/10/2018 10:10
RVI123 Poor management. They awarded the job to a non-performing main contractor. Very funny, why award the project to an inexperienced and financially weak contractor? Who made the decision?
09/10/2018 22:47
kancs3118 The contractor for TwY is Top International Engineering...a top 500 Chinese company....for Chinese contractors ..building a to storey condo is chicken shit to them....don't know why they cannot perform.

Maybe SymLife squeezes them or underpay them ?
10/10/2018 06:36


 

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