Highlights
KLSE: SYMLIFE (1538)       SYMPHONY LIFE BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.42   0.00 (0.00%)  0.00 - 0.00  0
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Financials


Market Cap: 248 Million

Market Cap 248 Million
NOSH 590 Million

Latest Audited Result:  31-Mar-2018

Latest Audited Result: 31-Mar-2018
Announcement Date 30-Jul-2018
Next Audited Result: 31-Mar-2019
Est. Ann. Date: 30-Jul-2019
Est. Ann. Due Date: 27-Sep-2019

Latest Quarter:  31-Dec-2018 [#3]

Latest Quarter: 31-Dec-2018 [#3]
Announcement Date 27-Feb-2019
Next Quarter: 31-Mar-2019
Est. Ann. Date: 30-May-2019
Est. Ann. Due Date: 30-May-2019
QoQ | YoY   32.60%  |    82.80%

Annual (Unaudited) ( EPS: 5.62, P/E: 7.48 )

Revenue | NP to SH 122,956  |  33,157
RPS | P/RPS 20.83 Cent  |  2.02
EPS | P/E | EY 5.62 Cent  |  7.48  |  13.37%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.07  |  0.39
YoY   4.20%
NP Margin | ROE 26.06%  |  5.23%
F.Y. | Ann. Date 31-Mar-2018  |  30-May-2018

T4Q Result ( EPS: 9.66, P/E: 4.35 )

Revenue | NP to SH 163,605  |  57,017
RPS | P/RPS 27.72 Cent  |  1.52
EPS | P/E | EY 9.66 Cent  |  4.35  |  23.00%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.04  |  0.40
QoQ | YoY   20.66%  |    42.41%
NP Margin | ROE 34.57%  |  9.31%
F.Y. | Ann. Date 31-Dec-2018  |  27-Feb-2019

Annualized Result ( EPS: 12.02, P/E: 3.49 )

Revenue | NP to SH 184,798  |  70,945
RPS | P/RPS 31.31 Cent  |  1.34
EPS | P/E | EY 12.02 Cent  |  3.49  |  28.62%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   12.04%  |    81.30%
NP Margin | ROE 38.46%  |  11.58%
F.Y. | Ann. Date 31-Dec-2018  |  27-Feb-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Mar-2019 27-Feb-2019 31-Dec-2018 3 74,813 22,744 21,282 21,549 - 612,547 - % 28.45% 3.52% 411,106 18.20 12.67 5.24 3.65 0.00 0.00 1.4900 1.04   32.60%   82.80% 31-Dec-2018 0.33 1.81 6.30 0.22 15.88% 0.00% 27-Feb-2019 0.395 2.17 7.54 0.27 13.27% 0.00%
31-Mar-2019 28-Nov-2018 30-Sep-2018 2 21,805 12,420 16,512 16,251 - 685,257 - % 75.73% 2.37% 281,999 7.73 3.69 5.76 2.75 0.00 0.00 2.4300 1.16   5.46%   283.91% 28-Sep-2018 0.505 6.53 8.76 0.21 11.41% 0.00% 28-Nov-2018 0.35 4.53 6.07 0.14 16.47% 0.00%
31-Mar-2019 28-Aug-2018 30-Jun-2018 1 41,981 16,664 15,513 15,409 - 668,337 - % 36.95% 2.31% 281,999 14.89 7.11 5.46 2.61 0.00 0.00 2.3700 1.13   304.65%   15.61% 29-Jun-2018 0.60 4.03 10.98 0.25 9.11% 0.00% 28-Aug-2018 0.55 3.69 10.07 0.23 9.93% 0.00%
31-Mar-2018 30-May-2018 31-Mar-2018 4 25,006 6,721 3,254 3,808 - 634,497 - % 13.01% 0.60% 281,999 8.87 4.24 1.35 0.65 0.00 0.00 2.2500 1.07   -67.70%   -64.86% 30-Mar-2018 0.80 9.02 59.24 0.36 1.69% 0.00% 30-May-2018 0.66 7.44 48.88 0.29 2.05% 0.00%
31-Mar-2018 28-Feb-2018 31-Dec-2017 3 30,462 13,662 11,804 11,788 - 631,677 - % 38.75% 1.87% 281,999 10.80 5.16 4.18 2.00 0.00 0.00 2.2400 1.07   178.48%   17.82% 29-Dec-2017 0.72 6.67 17.22 0.32 5.81% 0.00% 28-Feb-2018 0.80 7.41 19.14 0.36 5.23% 0.00%
31-Mar-2018 28-Nov-2017 30-Sep-2017 2 30,623 3,949 3,961 4,233 - 618,018 - % 12.93% 0.68% 282,200 10.85 5.19 1.50 0.72 0.00 0.00 2.1900 1.05   -68.24%   -34.15% 29-Sep-2017 0.885 8.16 59.00 0.40 1.69% 0.00% 28-Nov-2017 0.80 7.37 53.33 0.37 1.88% 0.00%
31-Mar-2018 29-Aug-2017 30-Jun-2017 1 36,865 13,636 13,028 13,328 - 622,724 - % 35.34% 2.14% 281,775 13.08 6.25 4.73 2.26 0.00 0.00 2.2100 1.05   22.97%   192.86% 30-Jun-2017 1.00 7.64 21.14 0.45 4.73% 0.00% 29-Aug-2017 0.89 6.80 18.82 0.40 5.31% 0.00%
31-Mar-2017 24-May-2017 31-Mar-2017 4 52,625 6,976 10,316 10,838 84 609,188 0.78% 19.60% 1.78% 282,031 18.66 8.92 3.84 1.84 0.03 0.01 2.1600 1.03   8.33%   53.93% 31-Mar-2017 0.865 4.64 22.51 0.40 4.44% 0.03% 24-May-2017 1.04 5.57 27.06 0.48 3.70% 0.03%
31-Mar-2017 27-Feb-2017 31-Dec-2016 3 62,739 12,517 9,775 10,005 - 597,481 - % 15.58% 1.67% 282,015 22.26 10.63 3.55 1.69 0.00 0.00 2.1200 1.01   55.65%   397.76% 30-Dec-2016 0.64 2.87 18.03 0.30 5.55% 0.00% 27-Feb-2017 0.76 3.41 21.41 0.36 4.67% 0.00%
31-Mar-2017 22-Nov-2016 30-Sep-2016 2 69,838 9,079 6,145 6,428 - 589,419 - % 8.80% 1.09% 282,019 24.76 11.83 2.28 1.09 0.00 0.00 2.0900 1.00   41.24%   205.95% 30-Sep-2016 0.675 2.73 29.61 0.32 3.38% 0.00% 22-Nov-2016 0.66 2.67 28.96 0.32 3.45% 0.00%
31-Mar-2017 25-Aug-2016 30-Jun-2016 1 47,488 5,339 4,023 4,551 - 587,955 - % 8.47% 0.77% 282,670 16.80 8.04 1.61 0.77 0.00 0.00 2.0800 1.00   -35.36%   122.87% 30-Jun-2016 0.685 4.08 42.55 0.33 2.35% 0.00% 25-Aug-2016 0.705 4.20 43.79 0.34 2.28% 0.00%
31-Mar-2016 26-May-2016 31-Mar-2016 4 40,038 10,881 6,819 7,041 56 584,798 0.80% 17.03% 1.20% 282,511 14.17 6.78 2.50 1.19 0.02 0.01 2.0700 0.99   250.30%   122.89% 31-Mar-2016 0.72 5.08 28.89 0.35 3.46% 0.03% 26-May-2016 0.69 4.87 27.69 0.33 3.61% 0.03%
31-Mar-2016 25-Feb-2016 31-Dec-2015 3 38,828 2,698 1,513 2,010 - 588,845 - % 3.90% 0.34% 283,098 13.72 6.58 0.71 0.34 0.00 0.00 2.0800 1.00   -4.33%   -69.03% 31-Dec-2015 0.79 5.76 111.27 0.38 0.90% 0.00% 25-Feb-2016 0.71 5.18 100.00 0.34 1.00% 0.00%
31-Mar-2016 26-Nov-2015 30-Sep-2015 2 25,418 902 1,480 2,101 - 601,908 - % 5.82% 0.35% 283,918 8.95 4.31 0.74 0.36 0.00 0.00 2.1200 1.02   2.89%   -90.60% 30-Sep-2015 0.69 7.71 93.24 0.33 1.07% 0.00% 26-Nov-2015 0.805 8.99 108.78 0.38 0.92% 0.00%
31-Mar-2016 25-Aug-2015 30-Jun-2015 1 39,995 3,100 1,175 2,042 - 601,255 - % 2.94% 0.34% 283,611 14.10 6.78 0.72 0.35 0.00 0.00 2.1200 1.02   -35.36%   -81.46% 30-Jun-2015 0.82 5.81 113.89 0.39 0.88% 0.00% 25-Aug-2015 0.75 5.32 104.17 0.35 0.96% 0.00%
31-Mar-2015 29-May-2015 31-Mar-2015 4 25,914 3,741 2,658 3,159 - 562,898 - % 10.26% 0.56% 281,449 9.21 4.39 1.12 0.54 0.00 0.00 2.0000 0.95   -51.33%   -81.40% 31-Mar-2015 0.80 8.69 71.28 0.40 1.40% 0.00% 29-May-2015 0.85 9.23 75.73 0.43 1.32% 0.00%
31-Mar-2015 26-Feb-2015 31-Dec-2014 3 132,115 10,517 6,016 6,490 - 592,565 - % 4.55% 1.10% 282,173 46.82 22.38 2.30 1.10 0.00 0.00 2.1000 1.00   -70.97%   -38.41% 31-Dec-2014 0.85 1.82 36.96 0.40 2.71% 0.00% 26-Feb-2015 0.855 1.83 37.17 0.41 2.69% 0.00%
31-Mar-2015 27-Nov-2014 30-Sep-2014 2 44,195 24,448 22,203 22,360 - 594,950 - % 50.24% 3.76% 281,967 15.67 7.49 7.93 3.79 0.00 0.00 2.1100 1.01   103.01%   75.91% 30-Sep-2014 1.07 6.83 13.49 0.51 7.41% 0.00% 27-Nov-2014 0.97 6.19 12.23 0.46 8.18% 0.00%
31-Mar-2015 25-Aug-2014 30-Jun-2014 1 82,730 14,677 10,820 11,014 - 573,292 - % 13.08% 1.92% 282,410 29.29 14.02 3.90 1.87 0.00 0.00 2.0300 0.97   -35.15%   -3.32% 30-Jun-2014 1.03 3.52 26.41 0.51 3.79% 0.00% 25-Aug-2014 1.19 4.06 30.51 0.59 3.28% 0.00%
31-Mar-2014 29-May-2014 31-Mar-2014 4 94,607 17,611 16,451 16,984 112 561,494 0.66% 17.39% 3.02% 282,158 33.53 16.03 6.02 2.88 0.04 0.02 1.9900 0.95   61.18%   9.31% 31-Mar-2014 0.965 2.88 16.03 0.48 6.24% 0.04% 29-May-2014 1.03 3.07 17.11 0.52 5.84% 0.04%
31-Mar-2014 27-Feb-2014 31-Dec-2013 3 98,633 14,673 10,354 10,537 - 542,304 - % 10.50% 1.94% 280,986 35.10 16.71 3.75 1.79 0.00 0.00 1.9300 0.92   -17.10%   -78.70% 31-Dec-2013 1.05 2.99 28.00 0.54 3.57% 0.00% 27-Feb-2014 1.00 2.85 26.67 0.52 3.75% 0.00%
31-Mar-2014 27-Nov-2013 30-Sep-2013 2 99,599 16,378 12,587 12,711 - 534,775 - % 12.64% 2.38% 268,731 37.06 16.87 4.73 2.15 0.00 0.00 1.9900 0.91   11.58%   2.29% 30-Sep-2013 1.18 3.18 24.95 0.59 4.01% 0.00% 27-Nov-2013 1.14 3.08 24.10 0.57 4.15% 0.00%
31-Mar-2014 28-Aug-2013 30-Jun-2013 1 98,352 15,730 11,522 11,392 - 521,237 - % 11.72% 2.19% 268,679 36.61 16.66 4.24 1.93 0.00 0.00 1.9400 0.88   -26.68%   24.48% 28-Jun-2013 1.13 3.09 26.65 0.58 3.75% 0.00% 28-Aug-2013 0.99 2.70 23.35 0.51 4.28% 0.00%
31-Mar-2013 29-May-2013 31-Mar-2013 4 142,643 20,059 15,535 15,538 80 510,132 0.52% 10.89% 3.05% 268,490 53.13 24.17 5.78 2.63 0.03 0.01 1.9000 0.86   -68.59%   -23.50% 29-Mar-2013 0.915 1.72 15.81 0.48 6.32% 0.03% 29-May-2013 1.14 2.15 19.70 0.60 5.08% 0.03%
31-Mar-2013 27-Feb-2013 31-Dec-2012 3 97,698 60,674 49,243 49,475 - 494,481 - % 50.40% 10.01% 268,739 36.35 16.55 18.41 8.38 0.00 0.00 1.8400 0.84   298.16%   353.23% 31-Dec-2012 0.81 2.23 4.40 0.44 22.73% 0.00% 27-Feb-2013 0.81 2.23 4.40 0.44 22.73% 0.00%
31-Mar-2013 19-Nov-2012 30-Sep-2012 2 91,441 16,285 12,119 12,426 - 454,283 - % 13.25% 2.74% 267,225 34.22 15.49 4.65 2.11 0.00 0.00 1.7000 0.77   35.77%   48.44% 28-Sep-2012 0.80 2.34 17.20 0.47 5.81% 0.00% 19-Nov-2012 0.81 2.37 17.42 0.48 5.74% 0.00%
31-Mar-2013 29-Aug-2012 30-Jun-2012 1 75,124 12,933 9,001 9,152 - 445,998 - % 11.98% 2.05% 257,802 29.14 12.73 3.55 1.55 0.00 0.00 1.7300 0.76   -54.94%   16.79% 29-Jun-2012 0.76 2.61 21.41 0.44 4.67% 0.00% 29-Aug-2012 0.83 2.85 23.38 0.48 4.28% 0.00%
31-Mar-2012 29-May-2012 31-Mar-2012 4 117,770 21,613 20,120 20,312 - 457,404 - % 17.08% 4.44% 261,373 45.06 19.95 7.77 3.44 0.00 0.00 1.7500 0.77   86.08%   901.58% 30-Mar-2012 0.76 1.69 9.78 0.43 10.23% 0.00% 29-May-2012 0.70 1.55 9.01 0.40 11.10% 0.00%
31-Mar-2012 28-Feb-2012 31-Dec-2011 3 60,203 14,299 10,806 10,916 - 430,962 - % 17.95% 2.53% 258,061 23.33 10.20 4.23 1.85 0.00 0.00 1.6700 0.73   30.40%   373.37% 30-Dec-2011 0.73 3.13 17.26 0.44 5.79% 0.00% 28-Feb-2012 0.80 3.43 18.91 0.48 5.29% 0.00%
31-Mar-2012 24-Nov-2011 30-Sep-2011 2 100,815 14,587 8,244 8,371 - 430,212 - % 8.18% 1.95% 259,164 38.90 17.08 3.23 1.42 0.00 0.00 1.6600 0.73   6.83%   175.00% 30-Sep-2011 0.72 1.85 22.29 0.43 4.49% 0.00% 24-Nov-2011 0.73 1.88 22.60 0.44 4.42% 0.00%
31-Mar-2012 22-Aug-2011 30-Jun-2011 1 62,348 11,117 7,709 7,836 - 438,377 - % 12.36% 1.79% 273,986 22.76 10.56 2.86 1.33 0.00 0.00 1.6000 0.74   286.39%   55.01% 30-Jun-2011 0.98 4.31 34.27 0.61 2.92% 0.00% 22-Aug-2011 0.87 3.82 30.42 0.54 3.29% 0.00%
31-Mar-2011 23-May-2011 31-Mar-2011 4 87,512 4,835 1,622 2,028 - 430,264 - % 1.85% 0.47% 274,054 31.93 14.83 0.74 0.34 0.00 0.00 1.5700 0.73   -12.06%   -79.39% 31-Mar-2011 1.11 3.48 150.00 0.71 0.67% 0.00% 23-May-2011 1.00 3.13 135.14 0.64 0.74% 0.00%
31-Mar-2011 24-Feb-2011 31-Dec-2010 3 38,831 3,435 2,283 2,306 - 428,257 - % 5.88% 0.54% 274,523 14.14 6.58 0.84 0.39 0.00 0.00 1.5600 0.73   -24.24%   -60.75% 30-Dec-2010 1.05 7.42 125.00 0.67 0.80% 0.00% 24-Feb-2011 1.15 8.13 136.90 0.74 0.73% 0.00%
31-Mar-2011 23-Nov-2010 30-Sep-2010 2 63,679 4,722 3,011 3,044 - 425,063 - % 4.73% 0.72% 274,234 23.22 10.79 1.11 0.52 0.00 0.00 1.5500 0.72   -39.78%   -50.54% 30-Sep-2010 0.97 4.18 87.39 0.63 1.14% 0.00% 23-Nov-2010 0.97 4.18 87.39 0.63 1.14% 0.00%
31-Mar-2011 25-Aug-2010 30-Jun-2010 1 53,210 7,348 5,045 5,055 - 428,576 - % 9.48% 1.18% 274,728 19.37 9.01 1.84 0.86 0.00 0.00 1.5600 0.73   -48.63%   -13.68% 30-Jun-2010 0.70 3.61 38.04 0.45 2.63% 0.00% 25-Aug-2010 0.95 4.90 51.63 0.61 1.94% 0.00%
31-Mar-2010 26-May-2010 31-Mar-2010 4 74,174 16,657 11,256 9,841 8,224 422,191 83.57% 15.18% 2.33% 274,150 27.06 12.57 3.59 1.67 3.00 1.39 1.5400 0.72   67.51%   497.78% 31-Mar-2010 0.65 2.40 18.11 0.42 5.52% 4.62% 26-May-2010 0.65 2.40 18.11 0.42 5.52% 4.62%
31-Mar-2010 24-Feb-2010 31-Dec-2009 3 63,441 12,328 8,076 5,875 - 414,544 - % 12.73% 1.42% 274,532 23.11 10.75 2.14 1.00 0.00 0.00 1.5100 0.70   -4.53%   188.70% 31-Dec-2009 0.60 2.60 28.04 0.40 3.57% 0.00% 24-Feb-2010 0.62 2.68 28.97 0.41 3.45% 0.00%
31-Mar-2010 12-Nov-2009 30-Sep-2009 2 61,387 10,497 7,016 6,154 - 407,531 - % 11.43% 1.51% 273,511 22.44 10.40 2.25 1.04 0.00 0.00 1.4900 0.69   5.09%   -39.26% 30-Sep-2009 0.64 2.85 28.44 0.43 3.52% 0.00% 12-Nov-2009 0.63 2.81 28.00 0.42 3.57% 0.00%
31-Mar-2010 25-Aug-2009 30-Jun-2009 1 58,471 11,222 8,039 5,856 - 404,994 - % 13.75% 1.45% 273,644 21.37 9.91 2.14 0.99 0.00 0.00 1.4800 0.69   336.70%   -32.30% 30-Jun-2009 0.64 3.00 29.91 0.43 3.34% 0.00% 25-Aug-2009 0.64 3.00 29.91 0.43 3.34% 0.00%
31-Mar-2009 27-May-2009 31-Mar-2009 4 43,907 1,947 -1,022 -2,474 4,217 407,647 - % -2.33% -0.61% 281,136 15.62 7.44 -0.88 -0.42 1.50 0.71 1.4500 0.69   -221.57%   -124.14% 31-Mar-2009 0.54 3.46 -61.36 0.37 -1.63% 2.78% 27-May-2009 0.60 3.84 -68.18 0.41 -1.47% 2.50%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  8 people like this.
 
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 6:43 AM
RVI123 nemesis@, what is your view on Symlife? I realise that you know a lot about the company.
08/10/2018 10:13 AM
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 PM
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 2:03 PM
RVI123 @nemesis, any news on Sungai Long project? When will be the first launch?
08/10/2018 2:24 PM
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 6:02 PM
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 7:56 PM
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 8:04 PM
RVI123 Thanks, nemesis and kancs3118.
09/10/2018 1:48 AM
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 9:47 AM
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 9:48 AM
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 9:52 AM
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 9:56 AM
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 AM
nemesis Switch to MKland...Tun Mahathir BFF...
09/10/2018 10:10 AM
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 10:47 PM
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 6:36 AM
dompeilee Before rights issue already tumble like a rock...fortunately I sold off my last shares from 86-100c last yr...
17/10/2018 6:11 PM
RVI123 @kancs3118, it depends on Top International Engineering's commitment to the job. Top accepted the contract meant they agreed to the price, completion period and all the terms and conditions in the contract.
18/10/2018 10:00 AM
Investhor https://klse.i3investor.com/blogs/InvesthorsHammer/178757.jsp
18/10/2018 1:58 PM
jakar just bought for mid or long term investment.
18/10/2018 3:10 PM
melanie181818 No more buy queue for OR
Gone case, undersubscribe for sure
Definitely can get excess if you want, but share price 0.35, maybe drop further
Then nobody's going to subscribe, buy from open market is cheaper
23/10/2018 11:40 AM
Whateverthisis Anyone know why suddenly symlife shares comes with another symlife-or? Anything I should do about the right issue announcement??
24/10/2018 10:30 PM
lwyy60 u just need to subcribe it or sell da symlife or to the market. if time pass, u Not subcribe it. it will be b wasted.
25/10/2018 12:12 PM
gloeee would not trust that this company can. All talk but very little experience from board in property. More a corporate raider killing off minority shareholders. Property market also toppish and since Tan Sri takover very little done despite good market for property. Now slow down they may be over borrow.
25/10/2018 12:58 PM
gloeee Never good when company main purpose for rights is too pay bank borrowings. means they over borrowed?
25/10/2018 1:04 PM
geraldt9 yes, bad decision ' cover up ' at the expense of investors..
10/11/2018 9:19 AM
ivan9511 1. Nta from all the way up to 2.43 near 2.5
Net profit all the way improve seem the best property result among all same level company ex uems ytlland , tambun
symlife net p is 16,251 5.76 epd 5.76 I think is the King of same level company

So I feel the big boss is very happy to private st now only 36sen
sincae nta 2.43
Can they private at 2 ringgit ?



28 Nov 2018 31 Mar 2019 2 30 Sep 2018 21,805 12,420 16,251 5.76 0.00 2.430 Malaysia Stock - KLSE Quarter Report History 284%
28 Aug 2018 31 Mar 2019 1 30 Jun 2018 41,981 16,664 15,409 5.46 0.00 2.370 Malaysia Stock - KLSE Quarter Report History 16%
30 May 2018 31 Mar 2018 4 31 Mar 2018 25,006 6,721 3,808 1.35 0.00 2.250 Malaysia Stock - KLSE Quarter Report History 64%
28 Feb 2018 31 Mar 2018 3 31 Dec 2017 30,462 13,662 11,788 4.18 0.00 2.240 Malaysia Stock - KLSE Quarter Report History 18%
28 Nov 2017 31 Mar 2018 2 30 Sep 2017 30,623 3,949 4,233 1.50 0.00 2.190 Malaysia Stock - KLSE Quarter Report History 34%
29 Aug 2017 31 Mar 2018 1 30 Jun 2017 36,865 13,636 13,328 4.73 0.00 2.210 Malaysia Stock - KLSE Quarter Report History 193%
24 May 2017 31 Mar 2017 4 31 Mar 2017 51,949 6,682 10,689 3.79 0.03 2.160 Malaysia Stock - KLSE Quarter Report History 70%
27 Feb 2017 31 Mar 2017 3 31 Dec 2016 62,739 12,517 10,005 3.55 0.00 2.120 Malaysia Stock - KLSE Quarter Report History 398%
22 Nov 2016 31 Mar 2017 2 30 Sep 2016 69,838 9,079 6,428 2.28 0.00 2.090 Malaysia Stock - KLSE Quarter Report History 206%
25 Aug 2016 31 Mar 2017 1 30 Jun 2016 47,488 5,339 4,551 1.61 0.00 2.080 Malaysia Stock - KLSE Quarter Report History 123%
26 May 2016 31 Mar 2016 4 31 Mar 2016 40,187 9,861 6,300 2.23 2.00 2.070 Malaysia Stock - KLSE Quarter Report History 224%
25 Feb 2016 31 Mar 2016 3 31 Dec 2015 38,828 2,698 2,010 0.71 0.00 2.080 Malaysia Stock - KLSE Quarter Report History 69%
1 2 3 4




Nta
29/11/2018 2:23 PM
nemesis The NTA is not 2.43...After adjust to the Right Issue the new NTA should be ard 1.20 only...it is not updated yet...will reflect later soon the new NTA
30/11/2018 11:58 AM
FAIRnREASONABLE New NTA should be calculated as (2.43+0.35)/2 = 1.39
02/12/2018 1:10 AM
ivan9511 Hi members thanks for point out .
Thanks
Sorry I did not see symlife anymore.
After see qr so good I just hold my symlife and ignore it for 1 year because I have too many counter
Same as genting also buy from last week then I ignore it just see qr only no see i3.
I confidence on symlife more than any property counter.
03/12/2018 9:57 PM
melanie181818 Forget about Nta, many other properties also hugely discounted against Nta. Current pe is around 7, not cheap. Others pe3 or 4. Profits from star is already priced in, else it would be <0.30. Forward pe not likely better. Twy delay and compensation, star 3 not likely doing well --> dare not disclose the take up rate. Current 830m unbilled, 500m from twy, so only 300m from star. Profit margin 10% so 30m/600m shares, so expect another 5 cents profit from star
05/12/2018 11:52 AM
melanie181818 checked the Qr report. Even good profits also cannot move the price because ald priced in and most importantly it failed to replenish the unbilled sales. Star and twy expected completion June 2019. So star ald in advanced stage, twy for sure delay. Sales of star3 sure koyak, if not sure ad disclosed take up rate and the unbilled sales will not fall 100m. They'll get 9m ++ from the main contractor of twy. But sure not enough to compensate. In the end, 500m unbilled sales don't know still can profit or not. If you think sales of luxury condo can pick up in 2 or 3 quarters, then now Symlife is cheap. Else you should just cut loss and move on, because by then, symlife will fall further to 0.1x to 0.2x. The earnings of the next 2 qr should still support the share price at 0.3x. Sincere advise. Property agents are desperately chasing after me to buy properties with lots of freebies. Coincidentally also near sunway and klcc
05/12/2018 2:45 PM
tjhldg :)
16/01/2019 11:41 PM
hng33 bought symlife at 38.5sen
12/02/2019 9:08 AM
hng33 Add more at 39sen
12/02/2019 9:35 AM
hng33 Construction progress for star residence, all have reach rooftop for all tower 1 (59 floor) tower 2(58 floor) and tower 3 (58 floor), now each tower under stage finishing for each floor.

Tower 3 unbilled sale undrer Ascott will be record in lump sum once sale recorded.

https://www.youtube.com/watch?v=bSRel7Skqrw
13/02/2019 11:56 AM
chanph Tomorrow show time
27/02/2019 6:50 PM
hng33 Super result
27/02/2019 7:51 PM
nemesis Though it posts good result, yet it is saddled with huge borrowings tat will weaken its balance sheet moving fwd...i Don think it is gonna be a big rise in share price tomorrow, the most also only about 2-3 sen rise and then flatten back as the company still highly in debt even after the Right Issue...still remain unattractive overall!!!
27/02/2019 7:59 PM
azman123 misleading qr report, they are not using the new number of shares 590m for calculation
eps 5.24, 3q eps 16.36, nta 1.49 are wrong
should be eps 3.6, 3q eps 9
3q pe 4.09, ksl <4, tambun 6, so no big deal
28/02/2019 12:42 AM
melanie181818 Cannot compare with Tambun and Ksl, different league. These are net cash properties counters. Symlife's market cap is less than 240m but debt is more than 500m. Plus, Tambun dividend yield is around 9%. Good things don't come cheap.. Symlife had the potential but the RI destroyed everything. You basically had to pay upfront by subscribing to the RI to enjoy the share of unbilled sales, which is also dropping due to sluggish sales.
28/02/2019 6:27 AM
nemesis Totally right...better run away fm company tat has high borrowings before it is too late cos tat portion of debts belong to shareholders, it is our burden...Maintain Sell Symlife!!!
28/02/2019 8:45 AM
hng33 sold back symlife at 40.5-41.5
28/02/2019 10:58 AM
ivan9511 haha , funny , no eye see better
01/03/2019 12:11 AM
zhangliang hugely undervalued prop counter with steady income flow for next 12 months. 45 sens
06/03/2019 11:59 AM
zhangliang finally moved right? next stop 45 sens.
06/03/2019 6:38 PM
andr Surprised still can find a counter like this, passenger on board.
12/03/2019 12:16 PM
bahai4453 Ding dong at 0.40 - 0.42 . zz...zzz...zzzz. This counter no dividends ???
01/04/2019 12:49 PM
commonsense Just like a lot of property developer companies, Symphony Life is also currently trading at a very undemanding valuation. Currently the company is trading at a mere PE of around 4x and PB of only 0.3x.

The difference between Symlife with other property developer companies is that their main project, Star Residence (which is the main profit contributor) has a very high take up rate. Star Residence Tower 1 @ 97% take up rate, Tower 2 @ 84% and Retail units @ 89%. Tower 3 will be based on residence and service apartment concept that will be manage by Ascott.

Given the advance stage of the development, investors should see higher profit contribution (under JV result) to grow further in the coming quarters. Refer to this video on the development of Star Residence as of Mar 19. https://www.youtube.com/watch?v=tu1F6aBtCvk . Star Residence project is expected to continue contributing to the group profit until FY21.

After that the company profit should comes from the Lembah Ledang Project covering 19 acres area in Damansara Height located next to Istana Negara. Projected GDV is RM7bil. Symlife portion in the project which is parked under Jakel Land Sdn Bhd is 33%. Other partners are Jakel Group and PNB. The project is expected to be launch in FY21 ( at the tail end of Star Residence project). This will ensure continue profit (assuming a high take up rate) to the group post completion of Star Residence.

Other catalyst would be the progress development of TWY Mont Kiara project which has a take up rate of 98%. The project faced delays from the initial main contractors but Symlife has decided to appoint a new contractor that will help ensure the steady progress of the project.

4Q19 (ending march) will highly likely show an exponential improvement vs 4Q18 result. Hopefully the profit to shareholder will manage to stay above the RM15mil level.

Assuming a target profit of RM60mil in FY20, at the current share price the company is only being valued at a PE of 4.2x and PB of only 0.3x.

Best Regards.
08/05/2019 9:43 AM