Hold and don't sell yet. More upside once BAT rejoins the KLCI index again in the future

Star Residences contribution:

4QFY17: RM5.546 mil
1QFY18: RM7.052 mil
2QFY18: RM9.045 mil
3QFY18: RM17.257 mil

Ascending...

In the income statement, contributions from Star Residences is under "Share of results of associates and jointly controlled entities"

2QFY18: RM9.045m
1QFY18: RM7.052m
4QFY17: RM5.546m

Showing steady improvements. Waiting for the big jump.

https://issuu.com/propertyinsight/docs/ei_nov17

Market value more than RM100m. Instant huge gain

If I were Tesco I wouldn't mind paying even RM30m, as I could sell for way more at market price.

Tesco should just make a good offer to buy the land

https://www.thestar.com.my/business/business-news/2017/11/04/ts-wong-making-waves/

Clear Budget 2018 winners include ExcelForce (NR, alternative trading platform), Gamuda (BUY, MRT3) and potentially MRCB (EDL). Conversely, sentiment in Bursa (HOLD) will weaken as the
alternative trading platform would compete against Bursa.

- UOB Kay Hian (https://research.uobkayhian.com/content_download.jsp?id=42384&h=c863dbb08e838f7637ab6d9fa1da2091)

That's a positive signal

http://star-residences.com/assets/img/news/starnews-04.pdf

(http://star-residences.com/news.php)

EForce could be MyEG version 2.0

Example of ATS is Chi-X Australia.

See https://youtu.be/VjvNkmqiT4c for better understanding

Tropglove

Investors have strong confidence and trust in TS Lim Wee Chai. He's a no bullshit guy.

https://www.nst.com.my/property/2017/10/290217/ringgit-boon-malaysian-market

Sell to a REIT possible. Set up one themselves unlikely.

Symlife is looking to sell its Langkawi Shopping Mall, as highlighted during AGM.

Some unlocking of value if it manages to do so. Net book value RM31.2mil. Fair value RM51.2mil as at 31 Mar 2017 (note 18 on pg 120 of annual report 2017).

These are exciting times for Dutaland as it continues to unlock the value of its assets.

A revisit:
http://equitydiary.blogspot.my/2015/12/dutaland-bhd-waiting-to-unlock-value-of.html

Hopefully...

http://www.freemalaysiatoday.com/category/nation/2017/09/27/property-market-on-uptrend-says-expert/

Agreed. I believe property market will improve from here on. The downcycle has played out its part, just waiting for sector upcycle to start. Hopefully will coincide with Symlife earnings upcycle too then will have a major rerating

@kancs, your reasoning is sound to me my friend. 4x PE is a conservative and safe assumption.

I'm expecting a higher PE valuation of at least 6x because the market will start to rerate the stock once a company continues to post a positive earnings trend. Following will pick up in time as more people start looking into Symlife. Now still pretty much under the radar, that's why share price hasn't reflected the prospects as most don't know of the ongoing/potential developments.

On Union Suites, that's great news. Thanks for the update!

Yup, more like RM1.06 (EPS is calculated based on shares outstanding which is 282 mil)

Profit didn't reflect strongly in previous quarters because of they were busy constructing the foundation, followed by car park floors (6 levels of car park floors below ground floor and another 5 levels above ground).

Apartments units are built from level 7 onwards. From here is where profit recognition flows in stronger.

Yes, management said Symlife will see net profit of around RM300m from Star Residences, because good net profit margins of at least 20% due to low land cost.

At last month's AGM, TS Azman Yahya said he doesn't want to do that to us shareholders (which includes himself) , i.e. undertake a rights issue.

For Sg Long land, Symlife could partner with Samling Group's property arm Perdana ParkCity - the developer of the extremely successful Desa ParkCity township which was built on 400+ acres of quarry land. Samling has the expertise and experience in such a development.

http://www.theedgemarkets.com/article/newsbreak-prime-land-near-istana-negara-sold-jakel-land

Ascott Star launch today at Star Residences show gallery, from 10.30am to 12.30pm

@kancs, perhaps you can sign up to read: http://fmtrial.focusmarketing.my/

@kancs, I don't...

http://equitydiary.blogspot.my/p/jakel-land-article.html

It's alright, I'll take a snapshot and share the link here

Edge will upload on their website next Mon

80 sen?!

http://equitydiary.blogspot.my/p/symlife-presentation-slides.html

Star Residences contributions will come in strong from 2QFY18. 1QFY18 still so so only. Hold on tight to Symlife.

Good video on the construction progress. Thanks.

Most likely it's this piece of land: https://www.theedgeproperty.com.my/content/mof-puts-prime-damansara-land-out-tender

He said Jakel Land S/B (Symlife, PNB, Jakel) acquired a governement land in Bukit Damansara that was tendered out. Located next to the Istana Negara and stretching all the way down to Jalan Semantan. Prime location. Plan is to develop it into high end development, though not in the near term. He didn't mention the size of the land.

Usually held same day as AGM since the directors are already there. But this time probably some directors were busy I guess.

I think it's because they need to hold a board meeting first before releasing.

China buyers still keen on Malaysia: https://www.nst.com.my/property/2017/08/272135/china-buyers-still-keen-malaysia

https://en.sekaiproperty.com/interview/1178alpine-return-sdn-bhd-alan-koh/alpine-return-sdn-bhd-alan-koh

After selling more of its education properties to Alpha REIT, they will list the education business. Double unlocking of value, and potentially more special dividends along the way.

Still ok to hold. According to RHB report, 7.5 sen special div + 9 sen in FY17 = 16.5 sen of dividends, about 9% yield.

Rerating catalyst.

Tan Sri Ong Leong Huat too...

And in South Korea too:

http://u1int.com/property/index04.php?sno=0&group=basic&code=B13&category=&&abmode=view&no=1510&bsort=&bfsort=

Appears like Ascott Star Residences was open for booking in China:

http://q.bctell.com/thread-274-1-1.html

https://freewechat.com/a/MjM5NDcwODAzNQ==/2662641629/1