SYMLIFE'S 625 ACRES LANDBANK IS IN THE DISTRICT OF KAJANG IN THE VICINITY OF CHERAS WHICH IS ALSO IN THE SAME KAJANG DISTRICT.
CHERAS AND SG LONG ARE VERY WELL DEVELOPED ARES WITH EXCELLENT PUBLIC TRANSPORT INCLUDING LRT AND MRT.
THE GOVT IS ALSO ACQUIRING SOME LAND FROM SG LONG FOR A HIGHWAY. BOOK VALUE RM8 PSF. GOVET OFFERED RM15. SYMLIFE IS ASKING FOR RM30 PSF

Sungai Long is a main township in Kajang, Selangor, Malaysia. The Universiti Tunku Abdul Rahman operates a campus in Sungai Long. It is currently under the administration of local council Majlis Perbandaran Kajang.Wikipedia
SG LONG IS LOCATED EAST OF CHERAS (EG TAMAN CONNAUGHT, TAMAN CHERAS PERDANA, . SRI PETALING, TAMAN OUG, THE MINES RESORT CITY, IN THE DISTRICT OF KAJANG

(CAN VIEW THE LOCATION VIA GOOGLE MAP)

SYMLIFE'S BEST PERFORMERS AMONG ITS ONGOING PROJECTS IS ITS 3 TOWERS STAR RESIDENCES. 1ST TOWER SOLD OUT. 2ND TOWER 85% SOLD 3RD TOWER TO BE LAUNCHED. HIGH PROFIT MARGIN PROJECT. COST RM500 PSF. SOLD AT AVERAGE RM1800 PSF. POPULAR WITH FOREIGNERS. STRATEGIC LOCATION NEAR PETRONAS TWIN TOWERS. ALSO HAVE 5 BLOCKS OF 6 STOREY COMMERCIAL UNITS. BIG CONTRIBUTOR TO SYMLIFE'S GROWING UNBILLED SALE TOPPING RM2 BILLIONS.

SYMLIFE'S EARNINGS RECOVERY IS STRONG AND GAINING MOMENTUM. ITS 9MTH PROFITS ALREADY REACHED RM20M (AGAINST 6M FOR LAST YEAR'S CORRESPONDING PERIOD). ITS 4 Q PROFIT WILL COME IN WITH A BIGGER JUMP UP. IMAGINE THE REVENUES AND PROFITS TO BE DERIVED FROM UNBILLED SALES OF RM2 BILLIONS (AND COUNTING). AN EXCELLENT 4Q PROFIT COMBINED WITH A FINAL DIVIDEND OF BETWEEN 5 TO 6 SEN WILL SEE SYMLIFE'S SHARE PRICE OVER TO RM1.00 TO 1.25.

LONGER TERM WILL BE RM1.50 WITH CATALYSTS FROM GOOD SALES FROM ALL ITS ONGOING PROJECTS (ALL IN PRIME LOCATIONS LIKE SUNWAY, MONT KIARA AND OF COURSE STAR RESIDENCES)

PLEASE VISIT bonescythe.com FOR HIS 2014 ARTICLE.

CAN THEN VIEW ALL THE CHARTS, GRAPHS AND DETAILS OF ALL THE PROPERTIES, INCLUDING SG LONG WHICH ARE OWNED BY SYMLIFE

Bonescythe Bonescythe Stock Watch
Stock Watch
Disclaimer: This is my personal blog log that reflects my own personal views and opinion. All information provided here, including recommendations should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Thursday, 17 April 2014
Symlife - The Symphony Of Life
The market as volatile as its character is, had saw DJIA rebounding back from a last week tech slam, where a series of technology rated stock took steep plunge, sending DJIA down below. However as of now, DJIA staged a strong come back with +121 at this time, looking to challenge 16500 again in the coming few days.

On a local outlook, while a lot of measure had been implemented to curb speculation on property, despite doing so, the new launches of properties are still looking strong with good rate of take up, and Malaysia properties are still deemed cheap by foreigners.
The properties index had shown a strong uptrend which had been ongoing for 3 months, where a lot of properties counter are highly hunted down for their undervalued land as well as their prestigious launches as well. One of the remarkable gainer is Ecoworld (Formerly known as Focal Aims), after seeing Tan Sri Liew's son heading the company with a team of experts from SP Setia. Ecoworld, from a lowly 30 cents 1 year ago, it is now sitting above RM 5.00, approximately 1600% gain in 1 year.

Will the property counter still be hot? I bet so it will continue to be as hot as it could for the next coming few weeks.

While most of the prominent counters had went from ground to sky, it had never left my attention away from Symphony Life Berhad (Symlife - 1538), a fully geared potential hit in the coming days. Let's have a look at Symlife
Symlife had trading around the range of RM 0.95 to RM 1.15 for the past 6 months. The recent volume had been marking a bullish start for Symlife as they positioned to challenge above RM 1.15 in the coming days. I am anticipating a larger volume, as much as 5m shares transacted in the coming days as Symlife challenge forward
Probably, you might want to wonder, what could be so interesting in Symlife. Let's have a quick look at their 3Q FYE 2014 result.
Symlife is currently trading at RM 1.06 is a 45% discount from it's NTA of RM 1.93. And to put things more interesting, a large portion of prime land held by Symlife is hugely undervalued as it had not been revalued from purchase
Symlife NTA will be easily throttle above RM 3.50 once all the land had been revalued, with the Sungai Long land being the largest contributor after Symlife had paid a premium recently to convert the piece of land into a residential and commercial title for upcoming development

Symphony Life, a BCI Asia Top 10 developer is currently heading several projects.
- Elevia Residences, Taman Tasik Prima, Puchong with a GDV of RM100m
- Summer Homes, Taman Tasik Prima, Puchong with a GDV of approx RM100m
- Tower 28 of Wharf Residences, with a GDV of approx RM200m
- TWY Duplex Condo, Moont Kiara with a GDV of RM 250m
- Tijani Ukay, Ukay Perdana with a GDV of RM 300m (70% balance)
- Amanjaya, Sungai Petani, Kedah with a GDV approx RM200m
- Lavender Heights, Senawang at Seremban with a GDV of approx 100m
- 6 Ceylon condominium at Bukit Ceylon, GDV approx RM150m

Symphony Life coming up mega projects will be looking at
- 625 acres mixed township development in Sungai Long with RM6b GDV (With New MRR2 access)
- Signal Hill, Kota Kinabalu with a GDV of RM 520m
- Star Residence, high end mixed development project between Jalan Mayang and Jalan Yap Kwan Seng for a GDV of RM2b
- 51G at Jalan Gurney, Kuala Lumpur for a GDV of RM 360m
- Taman Desiran Bayu at Wangsa Maju for a GDV of RM100m

Symphony Life is one of the oldest developer in Malaysia, known for it's quality in delivering the best in their products. With more than RM500m of unbilled sales that is going to be reflected possibly in the last quarter of FYE 2014, this will be sending Symlife share price above the sky as the current EPS for 3 cumulative quarter is standing at 12.70 cents, where trading at PER x10 will be valuing the company at RM 1.27 already. Taking a skeptical 10% from the RM500m unbilled sales turning into profit will be seeing a contribution of RM50m to 310m shares, effectively boosting an EPS of RM 0.16, totaling a FYE 2014 EPS at RM 0.287, which can be possibly looking at RM 2.50 at that kind of earnings.

I believe Symlife will be a good company to be invested in due to it's huge discount in NTA, huge prime land location, solid management team, huge upcoming projects and attractive earnings. Symlife will be looking to see a short term target at RM 1.15, while a long term will see Symlife putting above RM 1.50.

Decided on your investment? Don't be too late.

Bone's short term TP: RM 1.15

A GOOD ANALYSIS OF SYMLIFE IN 2014. WORTH A RE-VISIT AND UPDATE/REVIEW
===========================================================================
WRITTEN IN 2014 BUT STILL VERY RELEVANT IN TODAY’S INVESTMENT IN PROPERTY COUNTERS.
IN FACT, THE FUNDAMENTALS OF SYMLIFE HAD STRENGTHENED FURTHER SINCE 2014 WHILE ITS CURRENT SHARE PRICE IS STILL LOW . EG ITS NTA IS NOW HIGHER AT 2.19 AND HAS CHALKED UP RM2B IN UNBILLED SALES NOW COMPARED TO RM500M IN 2014. SEQUENTIAL INCREASES IN QUARTERLY PROFITS HAD BEEN ACHIEVED AND PROSPECTS FOR GREATER IMPROVEMENTS ARE VERY BRIGHT.
WITH ITS SOUND FUNDAMENTALS AND STRONG EARNINGS RECOVERIES (ITS 9MTH PROFITS JUMPED TO RM20M compared to RM6M LAST YEAR’S CORRESPONDING 9MTH). THE FAIR VALUE/PRICE TARGETS OF BETWEEN 1.25 TO 1.50 ARE ACHIEVABLE
LONGER TERM IT CAN BE WORTH A LOT HIGHER GIVEN THAT ITS SG LONG LANDBANK OF 625 ACRES ,
PRIMED FOR DEVELOPMENT, IS A ”GOLD MINE” ASSET
===================================================================================

UPDATE ON PROPERTY MARKET
Business News
Home > Business > Business News
Wednesday, 22 March 2017
Improved sentiment for Malaysian property sector
BY THEAN LEE CHENG

Read more at http://www.thestar.com.my/business/business-news/2017/03/22/improved-sentiment-for-property-sector/#VjmUiBCi7dR37w79.99
PETALING JAYA: Sentiment for property counters is improving after a two-year lag in the sector’s share price performances with Kenanga Research reversing its call from “neutral” to “buy” for the sector.
Read more at http://www.thestar.com.my/business/business-news/2017/03/22/improved-sentiment-for-property-sector/#VjmUiBCi7dR37w79.99

AGREED WITH ABOVE POSITIVE NEWS.
AFTER A BIT MORE CONSOLIDATION PRICE WILL GO ABOVE 3.00.
ALREADY SEEN INCREASING PURCHASES N ACCUMULATION AT 2.92
NOW DOING SOME OWN RESEARCH ON THE COMPARITIVE FUNDAMENTALS AND PRICING BETWEEN AFFIN BANK AND ITS COMPETITORS, CIMB AND RHB BANK.
WILL SHOW THAT AFFIN SHARE PRICE IS CURRENTLY VERY MUCH UNDER PRICED BASED
ON ACCEPTED N RECOGNISED FIMANCIAL RATIOS N BENCHMARKS.
SO FAR TA ENTERPRISE'S FAIR VALUE PRICE TARGET AT RM3.20 IS MORE REFLECTIVE OF
AFFIN'S FUNDAMENTALS AND EARNINGS POTENTIAL.
NEVERTHELESS BASED ON THE VARIOUS FINANCIAL RATIOS N BENCHMARKS, I BELIEVE
AFFIN'S SHARE PRICE SHOULD BE EVEN HIGHER.
RM3.80 HAD BEEN MENTIONED IN THE FORUM. BUT REMEMBER AFFINS SHARE PRICE
HAD REACHED ABOVE RM4 A FEW YEARS AGO. RELEVANT TO NOTE ITS NTA IS 4.47
HOPE TO BE ABLE TO PRESENT MY VIEWS SOON

ICON88 CONGRATS ON YOUR TROP WA SUCCESS.

MOTHER SHARE PRICE NEXT TO UPTREND

WHEN PRIVATISATION HAPPENS, WE WILL DEFINITELY GET A MUCH HIGHER PRICE THAN THE CURRENT PRICE AS ITS NTA IS RM2.19.
HENCE WE SHOULD KEEP SOME TO REAP A WINDFALL WHEN OFFERED.
MEANWHILE EARNS REASONABLY GOOD DIVIDENDS WHICH ARE MUCH BETTER THAN BANK FIXED DEPOSIT INTERESTS. THE COMING ANNOUNCEMENTS ON ITS AGM WILL INCLUDE ITS FINAL DIVIDENDS

POTENTIAL PRIVATISATION IS ALWAYS POSSIBLE AS THE TAN FAMILY ALREADY OWNS 72%
LOTS OF UNDERVALUED ASSETS.

MEANWHILE PAYING HIGH DIVIDENDS WILL CONTINUE AS THE COMPANY CAN VERY WELL AFFORD TO DO SO.
ONE GOOD ASPECT IN PAYING HIGH DIVIDENDS IS THAT DIVIDENDS TREAT ALL SHAREHOLDERS EQUALLY.
WILL BE NICE IF THEY DECLARE A FINAL DIVIDEND OF 4 TO 5 SEN TO MAKE IT A TOTAL OF 6.5 TO 7.5 SEN ( FAR MORE FINANCIAL RETURNS THAN THE 3 % FROM BANK FD ) .
THIS FINAL D WILL COMPRISE CASH D PLUS TREASURY SHARE DISTRIBUTION. ALREADY HOLDS >20M SUCH SHARES

TROP IS VERY UNDERVALUED AND PAID A GOOD DIVIDEND OF 7 SEN

GOOD PROSPECT OF A HIGH FINAL DIVIDEND COMING SOON TOGETHER WITH THE AGM ANNOUNCEMENT DATE

MY PERSONAL VIEW IS THAT WITH MORE AND MORE PROPERTY SHARES' PRICES MOVING UP FAST, TROPICANA SHARE PRICE WILL ALSO GAIN FASTER AND STRONGER UPWARD MOMENTUM.. ITS UPTREND WILL BE BOOSTED BY ITS IMPENDING ANNOUNCEMENTS FOR ITS AGM AND FINAL DIVIDEND ANNOUNCEMENTS.

GRANTED THAT SG LONG LANDBANK IS HUGE. BUT THIS VALUABLE LANDBANK IS ALREADY OWNED BY SYMLIFE AND THERE IS NO NEED TO INCUR ANY HUGE COST TO BUY IT. ITS HOLDING COSTS IS VERY LOW AS ITS BOOK VALUE IS ONLY RM8 PSF. SYMLIFE IS SITTING ON A REAL GOLD MINE. IT IS IN A PRIME LOCATION BEING IN HIGHLY DEVELOPED CHERAS WHICH IS VERY NEAR TO AND EASILY ACCESSIBLE TO KL CITY CENTRE. FULLY SUPPORTED BY WIDE NETWORK OF PUBLIC TRANSPORT FACILITIES INCLUDING LRT AND MRT. THE GOVT IS ALSO BUILDING A HIGHWAY THRO IT AND THIS WILL GREATLY ENHANCE THE VALUE OFITS SG LONG LAND.

BEING BLESSED WITH SO MANY DEVELOPMENTAL ADVANTAGES, THIS TOWNSHIP WILL BE A GREAT SUCCESS. BEING HUGE SYMLIFE WILL DEVELOP IT IN STAGES TO REAP
THE FINANCIAL BENEFITS OF INCREASING SALES VALUES WITH EACH SUCCESSIVE PHASES AND IN ORDER NOT TO OVERBURDEN ITSELF FINANCIALLY. THIS WILL AVOID ANY NECESSITY FOR ANY RIGHTS ISSUE.

NO REAL CONCERN HERE. ITS GEARING IS LIKELY RELATED TO ITS ON-GOING PROJECTS WHICH ARE REALLY DOING WELL. EVIDENT FROM ITS UNBILLED SALES REGISTERED UP TO RM2 BILLIONS OR MORE. ESPECIALLY FROM GOOD SALES FROM ITS HIGHLY DEMAMDED STAR RESIDENCES. AS THE RM2B UNBILLED SALES BECAME PROGRESSIVELY COLLECTED ITS GEARING/BORROWINGS WILL ALSO BE PAID OFF AND REDUCED.

FURTHERMORE, FROM A PRACTICAL PERSPECTIVE, SYMLIFE HAD ALREADY PAID THE CONVERSION PREMIUMS FOR ITS SG LONG LANDBANK. ALSO ITS BOARD OF DIRECTORS ARE VERY EXPERIENCED IN PROPERTY DEVT AND WILL ENSURE SG LONG TO BE DEVELOPED IN STAGES TO ENSURE ITS SMOOTH PROGRESS. TAN SRI AND HIS BOARD ARE KNOWN FOR BEING PRUDENT

VERY INTERESTING AND EXCITING TO KNOW THAT SYMLIFE HAVE SUCH HIGH NET WORTH AND SAVVY AS INVESTORS AMONG ITS TOP 30 SHAREHOLDERS.

SIGNIFICANTLY POSITIVE FOR SYMLIFE'S BUSINESS/FINANCIAL STANDING. REFLECTS VERY WELL ON SYMLIFE'S SOUND FUNDAMENTALS

KWEK?

WHO IS THIS QUEK GENTLEMAN ?

dollar2bill. SYMLIFE'S PRESENT NTA 2.19 DO NOT INCLUDE REVALUATION OF ITS JEWEL ASSET, THE 625 ACRES SG LONG CHERAS LANDBANK. ITS BOOK VALUE IS ONLY RM8 PSF. THE GOVT ACQUIRED A SMALL PORTION N OFFERED RM15 PSF. THEY ASKING RM30 PSF. THE GOVT ACQUISITION FOR A HIGHWAY WILL ALSO FURTHER ENHANCE ITS REMAINING LANDBANK. IT WAS SAID THAT IF REVALUED, SYMLIFE'S NTA/RNAV WILL BE RM3.50 TO 4.00 THEN ITS SHARE'S FAIR VALUE BASED ON PRICE TO BOOK WILL BE EVEN HIGHER.
THEY HAD ALREADY PAID THE APPROVED LAND CONVERSION PREMIUMS. READY FOR DEVT AFTER COMPLETION OF GOVT ACQUISITION.

AS FOR STAR RESIDENCES IT WAS REPORTED TO HAVE ACHIEVED VERY GOOD SALES.
PRICED AT RM1800 PSF OF BUILD-UPS (AGAINST COST OF RM50 PSF) BCOS THE FOREIGNERS BUYING THEM STILL FIND IT CHEAP DUE TO THEIR STRONGER FOREIGN CURRENCIES' BUYING POWER. GOOD FOR THEM AND ALSO GOOD FOR SYMLIFE

OTHER CATALYSTS INCLUDE A STRONG SET OF 4Q RESULTS PLUS A GOOD DIVIDEND ANNOUNCEMENTS

dollar2bill. YOUR COMPARITIVES ON PRICE TO BOOK BETWEEN MALTON AND SYMLIFE SHOWED SYMLIFE IS VERY UNDERVALUED IN ITS CURRENT PRICE. HENCE SYMLIFE'S SHARE PRICE HAS A LOT OF CATCH UP TO DO.

NEEDS MORE POSITIVE CATALYSTS TO MOVE ITS SHARE PRICE UP MORE AGGRESSIVELY. LIKE MORE DETAILED INFO ON ITS GOOD SALES PERFORMANCES, ESPECIALLY ITS STAR RESIDENCES PROJECT. PRIME LOCATION NEAR PETRONAS TWIN TOWERS IT WAS REPORTED TO HAVE BIG PROFIT MARGINS. ATTRACTED A LOT OF FOREIGN BUYERS.

MY VERY OWN PERSONAL ESTIMATES
===============E===============

9M EPS 7.44 SEN
4Q EPS 5.44 SEN
===================
TOTAL EPS 12.88 SEN
===================

(4Q EPS DERIVED FROM EST. UNBILLED SALES OF RM2B WITH A SIGNIFICANT
PORTION FROM THE HIGH MARGIN STAR RESIDENCES)

FAIR VALUE FOR SYMLIFE SHARE PRICE USING THE CONSENSUS 11 times P.E.
RATIO FOR SMALL CAP SHARES IN BURSA) WILL BE RM1.41

PROJECTED DIVIDENDS
===================
4 SEN CASH DIVIDEND (POSSIBLE BASED ON EST EPS OF 12.88 SEN)

(IT PAID 5 SEN IN 2015)

+ TREASURY SHARES DIVIDEND (BASED ON ITS EXISTING HOLDINGS OF 428.329
TREASURY SHARES AVAILABLE FOR DISTRIBUTION)


NB: PERSONAL VIEW POINTS FROM FROM READERS ARE WELCOME FOR SHARING
DISCUSSIONS

NEW CATALYST AS POTENTIAL TAKE OVER TARGET.

STRONG PROFIT RECOVERY AND GROWTH IN PLACE.
UPTREND TO BE BOOSTED BY PROSPECT OF BEING A TAKEOVER TARGET

PRICE TARGET 1.88

ANNOUNCEMENTS ON AGM AND FINAL DIVIDEND COMING SOON

KHAT . THANK YOU FOR YOUR GENTLEMANLY RESPONSE.
WE SINCERELY WISH YOU AND ALL OTHER INVESTORS EVERY SUCCESS IN STOCK MARKET INVESTMENTS

NOTHING PERSONAL AGAINST U AT ALL.
WE UNDERSTAND YOUR POSITION.
WE ARE NOW HAPPY FOR YOUR WISE AND PROFITABLE DECISION TO HAVE A VERY GOOD TIMELY SWITCH OVER TO IWC. WE ARE HAPPY THAT U ARE DOING WELL NOW WITH IWC.

WE WISH U WELL TO CONTINUE WITH EVERY SUCCESS WITH YOUR NEW INVESTMENT.
ITS JUST OUR HOPE THAT U CAN NOW HAPPILY FOCUS ON YOUR IWC.

MANY ARE GETTING REAL TIRED OF THESE SAME OLD SAME OLD.
ITS NOW OUR SINCERE REQUEST THAT U GO TO YOUR OWN IWC N EKOVEST FORUMS.
PLEASE BE KIND ENOUGH TO OBLIGE US.
THANK YOU

BIG DIVIDEND COMING

OK. JUST GETTING EXCITED OVER ITS GROWTH PROSPECTS AND ITS COMING ANNOUNCEMENT FOR ITS FINAL DIVIDEND

CAN CLIMB BACK TO ABOVE RM4.00 TO RM4.50 WHICH WERE ITS HIGH PRICES BEFORE THE DECLINE IN PROFITS 2 YEARS AGO CAUSED ITS SHARE PRICES TO DROP.
NOW THAT ITS PROFITS ARE ALREADY IN A STRONG GROWTH PATH ITS SHARE PRICE WILL CONTINUE TO GO BACK UP.
CATALYSTS INCLUDE RISING PROFITS IN THE COMING QUARTERS COMBINED WITH INCREASING DIVIDENDS PLUS INCREASING FOREIGN FUNDS BUYING ATTRACTED BY ITS STRONG FUNDAMENTALS, INCREASING PROFITS, DIVIDENDS (EXPECTING A FINAL D OF 14 SEN SOON) AND ITS STILL VERY LOW SHARE PRICE (THE LOWEST SHARE PRICE AT 2.88 FOR A COMMERCIAL BANK WITH A FAST GROWING ISLAMIC BANKING DIVISION . COMPARE RHB AT 5.20 AND MAYBANK AT 8.80. AFFIN SHARE PRICE STILL HAVE MUCH UPSIDE.

SOMETIME BACK. MADE LESS FROM MBSB BUT COMPENSATED BY AFFIN

IF THE COUNTERS HAVE STRONG MAJOR CORPORATE/ANCHOR SHAREHOLDERS THEN IMPACT IS MUCH LESS. THEY CAN ABSORB IT

i had personnaly seen such cases in the past among some counters which had CWs issued against the mother shares.

NOTE " THE INVESTMENT BANK EARNS FROM THE LOSSES OF THE CW HOLDERS"

TO ME CWs ARE NEGATIVE DAMPENERS ON THE MOTHER SHARE PRICES

I ALSO SOLD MY MBSB AND BOUGHT SOME AFFIN. BUT I DID NOT HAVE ITS CW

SORRY. I MEAN EQ

I MEAN IQ

WISE MEN USUALLY MADE LOGICAL N GOOD DECISIONS/CHOICES.

MOST INVESTORS INCLUDING MYSELF SOMETIMES MADE WRONG JUDGEMENTS DUE TO OUR MINDSET CLOUDED BY EMOTIONS. HENCE E.Q IS JUST AS IMPORTANT IF NOT EVEN MORE SIGNIFICANT THAN I.Q. MUST LEARN HOW TO CONTROL AND USE OUR IQ MORE EFFECTIVELY

LEWIS72. YOUR POINT ON THE TRADING PATTERN BETWEEN THE MOTHER SHARE N ITS CW IS VERY RELEVANT. TQ

THE NEW CW IS IN BURSA ANNOUNCEMENT.

MORE ISSUANCE OF CALL WARRANTS.
===============================

IS THIS NEGATIVE NEWS ? . SOME SAID THAT THE IMPLICATION IS NEGATIVE FOR THE MOTHER SHARE PRICE.
BCOS IT IS IN THE SELF INTEREST OF CALL WARRANT ISSUERS TO WISH FOR THE MOTHER SHARE PRICE TO GO DOWN
SO THAT THEY CAN MAKE MONEY FROM OR AT LEAST DONT LOSE MONEY BASED ON THEIR EXERCISE FORMULA. IT SEEMS THERE WILL BE DOWNWARD PRESSURES ON THE MOTHER SHARE PRICE AS THE EXPIRY DATE OF THE CW APPROACHES.

SOME VALID OBSERVATIONS THERE. HAD ALSO SEEN SOME OTHER MOTHER SHARES SUFFERING SUCH SITUATIONS .

HOPE CAN GET SOME OTHER COMMENTS ON THIS

I STILL BELIEVE TROP'S SHARE PRICE CAN GO UP BASED ON THE :-
* ITS FUNDAMENTALS ARE STRONG AND STRENGTHENING. EG PAR VALUE RM1, NTA 2.19,
FULL YEAR 2016 NET PROFIT RM115M IS REASONABLY GOOD. EARNINGS VISIBILITY IS
GOOD WITH UNBILLED SALES RM3.2B SUPPORTING INCREASING REVENUES AND
PROFITS FOR THE NEXT 10 YEARS AS THE UNBILLED BECOMES BILLED AND RECOGNISED AS INCOMES/PROFITS. ITS LANDBANK ESPECIALLY IN PRIME LOCATIONS IN KL AND PJ WILL CONTINUES TO RECEIVE GOOD SALES. IN TOTAL IT HAD BEEN ASSESSED BY ANALYSTS THAT ITS GDV IS WORTH RM50Bs WHEN FULLY DEVELOPED..

* ALL THESE YEARS TROP HAS BEEN PROFITABLE AND HAS ALWAYS PAID GOOD DIVIDENDS,
LAST YEAR IT PAID A GOOD 7 SEN, ONE OF THE HIGHEST DIVIDEND YIELD STOCKS IN BURSA. FAR EXCEEDING INTEREST RETURNS FROM BANK FIXED DEPOSITS OF 3 TO 4%.

FOR THE YEAR JUST ENDED FYE31/12/2016, IT PAID ITS 1ST INTERIM DIVIDEND OF 2.5 SEN.
WE WILL GET A FINAL DIVIDEND WHICH I ESTIMATED TO BE ABOUT 4.87 SEN (MAKING A TOTAL OF 7.37 SEN WHICH I HAD COMPUTED IN MY EARLIER POSTING)

TROPICANA HAS ALWAYS PAID A FINAL DIVIDEND AND IT WILL DECLARE IT SOON WHEN IT ANNOUNCE ITS DATE FOR ITS AGM IN THE FEW WEEKS.

THIS FINAL DIVIDEND IS FORTHCOMING AS IT CAN AFFORD IT, MAKING GOOD PROFITS AND ALREADY HAS 20.1M TREASURY SHARES FOR FREE DISTRIBUTION.

REMINDED ME OF ONE OF THE FAVOURITE OLDIES SONG
"the great pretender" BY THE PLATTERS.
THAT'S ME. PRETENDING TO BE A "SIFU"

SIMPLE CONCLUSION AND THE ONLY ONE CONCLUSION.

ITS A CON GAME AND MANY GOT CONNED, LINE, HOOK AND SINKER.

JUST TO MAKE A JOKE. IN A JOVIAL MOOD NOW. LIKELY BEING CHEERED UP BY THE PROMISING PROSPECT OF A NEAR TERM FINAL DIVIDEND TO BE DECLARED WHEN THEY ANNOUNCE ITS AGM DATE.
FEELING A BIT TICKLISH WHEN tksw CALLED ME "sifu". I AM JUST A LAYMAN TRYING TO USE SOME FINANCIAL N ECONOMIC JARGON. HA HA HA !!!

Thanks anyway.

TREASURY SHARES AVAILABLE FOR DISTRIBUTION REMAINS AT 20.1M I HAD ALREADY TAKEN INTO ACCOUNT THE INCREASE IN TROP'S CAPITAL BASE DUE TO ITS RECENT DIVIDEND RE-INVESTMENT PROGRAMME (INCREASED FROM 1.448B TO 1.465b SHARES TO ARRIVE AT ITS EQUIVALENT OF 1.37 SEN.

WORTHY TO NOTE THAT MOST PROFIT MAKING LISTED CORPORATIONS WILL ALWAYS GIVE A FINAL DIVIDEND FOLLOWING ITS FULL YEAR RESULTS. PURSUANT TO LISTING RULES ALL LISTED ENTITIES MUST CALL AN AGM TO APPROVE ITS COMPLETED YEAR'S ACCOUNTS INCLUDING ITS FINAL DIVIDEND DECLARED.

TROP HAS BEEN CONSISTENTLY MADE PROFITS EVERY YEAR AND HAS ALWAYS PAID ITS FINAL DIVIDENDS. HENCE I AM VERY OPTIMISTIC TO RECEIVE ANOTHER 4.87 SEN IN FINAL DIVIDENDS (COMPRISING TREASURY SHARES WORTH 1.37 PLUS A CASH D OF 3.5 SEN MAKING A TOTAL OF 7.37 SEN OR A DIVIDEND YIELD OF 7.48%)

AN ANNOUNCEMENT SETTING THE DATE FOR ITS AGM AND ANNOUNCING ITS FINAL DIVIDENDS WILL BE MADE SOON.

GALANT. EXPECT BETTER INVESTORS SUPPORT FROM NOW TO NEXT AGM DATE TO APPROVE ITS CORPORATE AGENDA ( INCLUDING THE FINAL DIVIDEND TO BE ANNOUNCED TOGETHER WITH ITS CIRCULAR NOTICE FOR ITS AGM)

EXPECTATIONS OF A GOOD FINAL DIVIDEND PLUS OTHER POSITIVE CATALYSTS LIKE NEWS ON ITS ICONIC/LANDMARK PROJECT IN JLN BUKIT BINTANG, WILL SPUR BUYING INTO TROP SHARES. HENCE TROP SHARE PRICE WILL LIKELY STRENGTHEN INTO A STEADY UPTREND DURING THE 1Q AND 2Q OF THIS YEAR.

AGREED IPO ENTITLEMENT UNCERTAIN ON RATIO. ACTUAL ALLOYMENT MAY NOT
BE ATTRACTIVE. MOREOVER MOST OF THE BIG GUNS WHO WISH TO APPLY FOR
ECOWLD I SHARES VIA ENYITLEMENTS HAD ALREADY BOUGHT BY NOW. HENCE
DEMAND FOR ECOWLD SHARES LIKELY TO WEAKEN FURTHER NEXT FEW DAYS ESP
AFTER EX RNTITLEMENT DATE. MORE PROFIT TAKING SELLING PRESSURR EXPECTED

4Q RESULTS COULD HAVE BEEN BETTER IF ALL THE EXPECTED CAPITAL GAINS DERIVED FROM DISPOSALS OF NON CORE ASSETS WERE FULLY CAPTURED IN ITS ACCOUNTS.
WITHOUT THE BENEFIT OF DETAILED INFO ON ITS ACCOUNTING TREATMENT FOR SUCH DISPOSALS OUR PREDICTIONS WERE SLIGHTLY INACCURATE.
BUT OVERALL ITS 4Q AND FULL YEAR PROFITS WERE STILL GOOD

IN TROP U CAN ALWAYS RELY ON ITS SOUND FUNDAMENTALS AND HIGH DIVIDEND YIELDS TO PROTECT YOUR INVESTMENT AND STILL GIVES U A REASONABLY GOOD FINANCIAL RETURNS OF 7% OR MORE. ON SEVERAL OCCASIONS WAS ABLE TO REAP CAPITAL GAINS WHEN ITS SHARE PRICES WENT UP TO 1.18 TO 1.20 LAST YEAR. IN ADDITION ALSO RECEIVED CASH PLUS TREASURY DIVIDENDS TOTALLING 7 SEN GIVING DIVIDEND YIELDS OF 7 TO 7.5 % RETURNS.
TOTAL GAINS WERE PRETTY GOOD (ALTO NOT SPECTACULAR, WE DO NOT FACE MUCH MARKET RISKS)
FOR FYE2016 IT PRODUCED A COMMENDABLE SET OF RESULTS (DESPITE HEADWINDS IN THE CURRENT PROPERTY MARKETS)
MEANWHILE HOLDING TIGHT TO WAIT FOR ITS COMING AGM WHEREIN IT WILL ANNOUNCE ITS FINAL DIVIDENDS AS PART OF ITS AGENDA TO BE APPROVED.
I BELIEVE I WILL CONTINUE TO RECEIVE ABOVE 7 SEN(7.73 SEN AS ENVISAGED ABOVE POSTING YESTERDAY) OR A GOOD 7.48% DIVIDEND YIELD.

HIGH DIVIDENDS ARE PRECIOUS IN SHARE INVESTMENTS.
IT BENEFITS ALL INVESTOR, BOTH MAJOR SHAREHOLDERS AND MINORITY SHAREHOLDERS LIKE ME.

CHEERS