Good job. Good job....next stop....LRT3...good kill good kill

@ nemesis - how you know someone is intentionally disposing SymLife's shares? Maybe SymLife balance sheet is carrying too much debt....hence, sell down lar...

Phariah company...

weird,,,,,,,because Focus Malaysia article clearly mentioned that Ascot gonna buy over half of Tower 3

@ maxmax....mmm...just wanna ask your advice about Star Residence Tower 3. What is the arrangement between SymLife with Ascott ? Whether SymLife has sold 50% to Ascott or Ascott is just managing this 50%? Very confusing leb ...

@ maxmax...please help to furnish more information about about his Jakel Land S/B

but the amount of debt it carries in the balance sheet is huge - at about RM350M.

Normally, people of Ong Leong Huat's calibre will invest based on proxy ...they will not reveal their name...

@ Azlan88,
Just asking:

About Ascott: i thought the article in Focus Malaysia has stated Ascot is buying up 50% of Star Residences Tower 3. Weird...that is conflicting news....need to clarify in the AGM.

By the way who is Mr Ong Leong Huat?

@ equity diary ...I am quite concerned that the annual report does not explicitly mention that Ascott acquires half if Star Three....can you help and verify this ?

Hopefully, more institutional investors would come in

Also, will use the AGM to clarify on how management view the sales of future projects such as Tijani Raja Dewa (GDV180M), Signal Hill @ Kota Kinabalu (GDVRM450M) nd MK2 (RM450M)...in view of the soft market especially for higher end spectrum of the market

There is no mentioning that Ascott will buy half of Star Tower 3. It used the words...to manage ovrr 250 units at tower 3 but nothing to the effect of buying those 250 units...will use the AGM to clarify

After looking through the Annual Report, I find the high gearing to be very disturbing ....no doubt, the company has got close to RM1 Billion unbilled sales to convert to cash to pay off the loan. Yet, it makes me feel uncomfortable.

there is a new resolution to be passed during the AGM...that is to enable the Company to increase the share capital by 10%. Probably, a private placement is in the cards...

Aiyoh...no need to be afraid lar...maybe that guy has made enough....maybe he bought at RM0.70 and then selling now....

When gonna be AGM ?

actually, TWY's unbilled sales will surface this quarter. That day, while driving through Mont Kiara, I can see TWY's construction hitting level 6 already.
Both TWY and The Star Residences will contribute their unbilled sales in a meaningful way commencing this quarter.

@ max max, please enlighten me how next quarter's profit is going down? From my humble point of view, it is only going up. The key driver - Star Residences has been almost fully sold for both RT1 and RT2. RT3 is already 50% sold. Also, TWY is already 90% sold. INitially, i was skeptical about their performance for Union Suites. However, Union Suites is already 50% sold. So, next quarters results gonna be good...

i rather listen to hng33....
@ max max...how can next quarter be bad leh>???

also, Star Resi is doing quite well leh...

also, SymLife is going to have two investment properties - namely Symphony Square and The Wharf shopping mall...

@ AlvinKua, yalor...I fully agree with you on this point. SymLife has got many projects on-going now. Union Suites sales is doing well - about 50% sold - SnP signed and not sticker game.

MKLand....management proven or not ? Honest or not ? Kena slap tax penalty worrr

Last Sunday, went to Union Suites sales gallery. The sales is already 50% done....SnP signed and not sticky game..

yeah - push it down for daddy to buy more !!!

Yawn. ....yawn....same old ....same old

Yawn. ....yawn....same old ....same old

yeah - it is cuming down.....wait until RM1.30 - then buy again...ole ole ole

@ Darren Liew, anything else that is new?

cuming down - chee buy!!

show it to me, baby...

when AGM??

Will fall back to RM1.30....

Union Suites sales is hitting 40 percent

Hahaha...that is not going to happen

Star Residences is a done deal. Now, pending the sales performance for Union Suites.

Just a wishful thinking. Maybe KWSP will enter into a deal with Symlife to co-develop the Bandar Sungai Long.

@ Azlan88, for the Ascott Hotel acquiring a portion of RT3, can i ask ?

(1): SymLIfe only need to sell Level 33 to 42?
(2): The rest are all sold to Ascott?

Is that right>??
Thanks in advance.

Anyone can help to shed light on the sales progress at Union Suites?

@ Azlan88,
Sigh...the sale of the Taman Midah, Cheras land is highly favourable to the buyer. From the past AGM 2015, Tan Sri has mentioned before that the lessee is Tesco. Some of the forumers here has mentioned before that the land is where Tesco Cheras is currently located. Don't know how true is that.

However, the old Bolton was really cash strapped (after the 1997 Asian Financial Crisis) and they entered into a loop sided agreement with Tesco to lease the land for 30 years (from 1998 to 2028) and received the upfront RM30M odd payment. The stupid thing is the inclusion of the clause that Tesco (the lessee) has the right to extend the lease. The lessee is effectively "owning" the land for close to the next 40 years. Should the clause was not inserted, i bet Tan Sri would fight to get a more competitive rate judging at how he fought with Ahmad Zaki. Hence, the land is virtually useless to SymLife because they cannot develop it. Hence, it explains why the land was disposed at pittance on the dollar.

@ azlan88, my wish is just the same as yours...hopefully, SymLife can get a JV partner their Sungai Long land...

Come on....break RM.130 for daddy

Hopefully, RM1 will be the new support line

hehehe... I can smell RM1.30 soon...

Post removed.Why?

SymLife - on the move again...hehehe - please break RM1 before Raya

Maybe LRT3 or Cyberjaya Hospital ...

SymLife suffering from erectile dysfunction

Waiting for a long long time to rise to RM1.50

It will start to rise tomorrow

Come on , rise to RM1 for daddy ...