Bursa Malaysia (KLSE) Stock Investment Portal

2014-04-20 12:49 | Report Abuse

gogochiao, the rm7.00 I also fr my remisier and dealer fr RHB,
rm7.00 they heard fr others institition ones.
i dint TIPU u all, what I heard , i juz shared to u all than time.

they also cannot expected the price rm4.80 falled down so so much....panic selling that time,
I get shocked and shocked , bro sis. !
I ran out quickly.

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2014-04-20 08:41 | Report Abuse

赢了钱，就收手。
Thank !

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2014-04-20 08:40 | Report Abuse

U ARE NOT THE WINNER OF FOREVER IN THE STOCK MARKET.

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2014-04-20 08:39 | Report Abuse

ADVICE: Dun fall in love in the stock u r invested.... included DSONIC.

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2014-04-20 08:38 | Report Abuse

2 weeks ago I have 10,000 units Dsonic shares bought on 28 Feb at rm3.30.

But I dint sell all the shares at RM4.80 simply bcos I am greedy the Bonus Issue.

Really feel regreted ...I should listen to my wife advice to sell all the shares

make profit at rm15,000.

But that day come which drop so so much until rm1.06 ,

the day I sold at rm4.008 at verage price.

Only earned rm6600.

SO , BRO SIS, WHEN U REALLY EARNED THE AMT U WISH, U MAY RELEASE ALL THE SHARE TO TAKE PROFIT.

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2014-04-20 08:13 | Report Abuse

as same as Symlife--- rm1.25 above on Monday.

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2014-04-20 08:13 | Report Abuse

mind ur word,kytan.
Hope SBCcorp on the way to the North---rm2.40 above !

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2014-04-19 15:23 | Report Abuse

Short-term TP rm1.35.
2 - 3 months TP rm1.80 above.

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2014-04-19 15:22 | Report Abuse

Buy in b4 go to the next higher price by Monday next week !

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2014-04-19 15:11 | Report Abuse

Normally I bought after I saw and read the news fr Newspapers.

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2014-04-19 15:10 | Report Abuse

The question is HOW could u all know the news for certain worth share is going to fly like above I mentioned ???

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2014-04-19 15:09 | Report Abuse

U know, stocks like Gadang, Gkent, GOB, Destini, Pmetal, Symlife i bought lately

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2014-04-19 15:08 | Report Abuse

How do u all know SBC this kind of good stock which u all bought earlier at rm1.50.

How i knew this SBC 2 weeks ago at rm2.20.

Pls teach me how to get the certain good stock ?

, so that I can enter early like u.
THANKS .

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2014-04-19 15:01 | Report Abuse

6. Concluding Remarks

(a) Symlife is trading at substantial discount to net assets. Based on its net assets per share of RM1.93, PBR is 0.60 times only.

The net assets per share of RM1.93 has not factored in hundreds of million Ringgit of potential revaluation surplus.

In my opinion, revaluation surplus is more than just paper gain. Landbank that has not been revalued would automatically lead to fat profit margin when the properties are launched and developed.

This augurs well for the group's profitability going forward.

(b) The group has healthy balance sheet. The bulk of its debts are due in five years time. The group would have ample financial flexibility for expansion and to cope with any contingencies.

(c) The group's huge 419 acres of development land at Sungai Long is one of its key attraction. Bandar Sungai Long, located in Kajang, used to be considered a remote area. But with the completion of various highways, it is now only approximately 40 minutes travelling distance from KL. As such, in recent years, the area has attracted attention from housebuyers and property investors.

The group has settled the conversion premium and extension of lease for the land. It is estimated that the Sungai Long project will have GDV of RM6 billion and will take easily 10 years to complete.

(d) The stock is now trading at undemanding historical PE multiples of 7 times. This is expected to drop further as future development profit are gradually booked in.

Due to its low profile, the stock is relatively unknown to investors. However, it would be a matter of time before it starts gaining recognition, just like Gadang and GOB.

Symlife is interesting because it has small market cap and yet sits on huge tracts of land bank. Most of which are not revalued and reflecting market pricing at 1990s and early 2000s. The group used to be mired in debts. But with new owner and management, the group is finally truning around and heading towards the right direction.

An interesting small cap stock packed with potentials.

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2014-04-19 15:00 | Report Abuse

The group is also in joint ventures with various parties to undertake development projects in KL, Kelantan and Sabah.

Altogether, future GDV is approximately RM3 billion, approximately 7 times 2013's revenue of more than RM400 mil.

It is estimated that unbilled sale as at December 2013 is apprxoimately RM600 mil.

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2014-04-19 15:00 | Report Abuse

As shown in the table above, the group has more than 900 acres of land bank at strategic locations (mostly Klang Valley and Penang) with net book value of RM458 mil.

One of the most interesting piece is the 419 acres located at Sungai Long near Kajang, which has GDV of RM6 billion and could last the group for 10 years.

Many of these land bank were acquired / revalued many years ago. As such, the actual valuation should be substantially higher.

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2014-04-19 14:59 | Report Abuse

As at 31 December 2013, the group has net assets of RM544 mil, interest bearing debts of RM295 mil and cash of RM132 mil.

To be conservative, let's assume that all the cash will be used to fund the group's future landbanking and / or property development activitues. As such, the gearing is 0.54 times.

However, out of the RM295 mil debts, RM130 mil is due in 5 years time (Islamic Medium Term Notes). As such, over the next few years, the group only needs to service principal repayment of RM165 mil, or average of RM33 mil per annum.

This amount is relatively small if compared to the group's net assets of RM544 mil and revenue of more than RM400 mil in the latest financial period.

In other words, the group has a relatively healthy balance sheet and shouldn't have problems servicing its financial obligations.

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