Hehehe....if Union Suites can achieve 90% sales, then unbilled sales will swelled to RM2B !

@ Azlan88, please call up Star Residences sales gallery and share your findings here.. :-)

looking forward for your good news...:-)

rise - you stupid SymLife

rise ---- you stupid Gadang !

Star Retail :buy and leaseback for a period of 3 to 5 years to ensure Symlife has the control over managing of Star Retail

The Wharf: from The Edge, it us meant to be an investment property

Aiyoh azlan88, you are a smart man. Please call the Star Residences sales gallery office to enquire about Tower 3 and the Star Retail.

This is what I know from my cold call to the sales office :
(1): Tower 2 is already 80% sold,
(2): Tower 3 is already 50% sold via an agreement with Esort Hotel. .maybe I got the spelling wrong but heck, all I care is about the sales figure,
(3): Star retail managed to root in a new tenant of internal prestige (Madam Tussuad, if i am not mistaken) will take about 10 shop lots...

Please share your findings. The sales office is opened over the weekend .

currently, looking forward to
- cyberjaya hospital project win, and
- if possible, MRT2 (last remaining package) + LRT.

@ sosfinance, well said !

@ Charles T & Nemesis,

Previously i did buy GOB - whereby market rumors linked it to Tan Sri Desmond Lim. Indeed, we are thinking great things will happen especially GOB has got huge tracts of land at Batu Kawan (the next metropolis in Penang). Alot of the lieutenants from GOB is actually from Malton. Well, GOB did a rights issue at 2014, on the verge of the property market slowdown. After the rights issue, the share price drops from RM0.80 to its lowest point at RM0.35. Well, the common explanation given by the directors was that the property market was not doing well. But then, the directors fall short of explaining things they did to destroy shareholder's value. And bear in mind - all of this is after the company has done a cash call.
(1): entering into F&B business (Grandmama/ GrandHarbour) - and making significant losses. They even diversify to China and then, make losses there and then close the business. The funny part was that these F&B outlets was opened at Pavillion stores.
(2): sell off their Batu Kawan land - at pittance on the dollar (to a JV controlled by Malton).
(3): selling their Da'mein shopping center to Pavillion REIT (at terms which is extremely unfavourable to GOB).

Well, this speaks volume about the integrity of GOB's management (all of which are from Malton). Per the rights prospectus, the rights call was done to develop their land at Batu Kawan! I got burnt at GOB but was lucky enough to cover all my losses at Gadang. Hence, i never got interested when Malton's boss bought up WCT. Buying shares is like entering into a marriage relationship with the directors - for better or for worst. Hence, management's integrity is extremely important when investing.

@ FAIRnREASONABLE , better to buy a good company at a higher price than a sampah company at a cheap price ...

Come on baby, break 90 cents for daddy ...

@ equity diary....it is Esort Hotel ....something like that....
For more information, you can pose as a customer and call The Star Residences sales gallery. Ask for the status of Tower 3.
50% of Tower 3 sold dee....fuyoh...

@ Ya Hoo - yes, 50% of Tower 3 already sold to service operator.

I thought Tan Sri has made it clear that Gadang's days for Penggerang is over ...

I thought that Gadang will no longer get any jobs from Penggerang ...

Hopefully, it will break RM1 soon....

Mr OTB...just asking, do you conduct any courses ?

If you wanna make a quick buck buying and selling, then GOB can deliver within this window period. But then, if you wanna hold long term, might as well forget it!

Well said...GOB is riding on the current bull market surrounding properties sector. But then, what is fundamentally so good about GOB ? Absolutely nothing. Incompetent management! What a stupid way to do business ? Raised rights issue and then venture into loss making F&B business. Destroy shareholders wealth. And then, sell off half of Batu Kawan land at pittance on the dollar.

Well...from this news alone..., unbilled sales will baloon up to RM1.25B.

Tower 3 GDV RM1B x 50% sold x 50% share of JV to Symlife : add RM0.25B for unbilled sales.

Now, the remaining of Tower 3 will be launched this July'17. Assuming if Tower 3 and Union Suites is fully sold, we are looking at RM2B unbilled sales for calendar year 2017...

Good news. I just called the Star Residences sales gallery and being informed that Tower 2 has been almost 80% sold out. And here comes the kicker!! This news will appear in the Star Residences issue #3 but for the benefit of all the "Heng Tai"s here... I will spill the beans first.

Here comes the spoiler.

From some of you who attended AGM2016, Tan Sri has mentioned that there is an ongoing negotiation to dispose 50% of Tower 3 to a service apartment / condo operator. Well...Tan Dri followed up with that " promise" and SymLife has inked that agreement with the service operator. 50% of Tower 3 has been sold!

This means 80% of Tower 2 has been sold and 50% of Tower 3 has been sold . In view of this, Tower 3's selling price will increase to RM2500 per square feet.

Hope Gadang wins the last MRT2 package !

Hope Gadang wins the last MRT package !

Hope Gadang gets the last MRT package

Dunno when gonna hit RM0.90??

woohoo....thank God...I held and did not sell when the price spiked up to RM3.38 last year - before split. Now, earning back everything.

Woohoo...second half is about to start ...

Hopefully, can hot RM0.90 by this month

I heard Gadang stands to win not one, but two MRT packages !

When gonna break $0.90?

Malton = goreng stock...owner love to goreng and give shitty dividend...
SymLife = dividend
2014 = $0.05
2015 = $0.04
2016 = $0.02
2017 = ?? maybe $0.06

Hopefully, Symlife can breach RM0.90 this week

Hopefully, Symlife can breach RM0.80 this week

RM2 is my expected TP price

@ nemesis, beware of Desmond Lim ...he has no respect for the share price of his own companies ...

@ azlan 88_ long time no see...are you still holding on to Symlife ?

Amazing set of results

@ nemesis, hope you are right for both of our sake.

Quarterly results have not yet been released ....mmm...maybe they have got something to hide ??

apa macam itu punya quarterly results belum keluar lagi?

can't wait for the quarterly results

very the kin-cheong...tomorrow is Quarterly Results releae...

i suspect this mini run up is a precursor to winning the MRT project...

selling pressure

Good close...good close....

welcome aboard, Mr Charles T.
The main contributor for the RM1,0B unbilled sales come from The Star project in KLCC. The average land cost pqsf for The Star project is slightly lesser than RM500 psqf. Now, they are selling at about RM1800 pqsf. In addition, The Star project is a super high dense project whereby each Retail Tower packs more than 300 units. This means extremely high revenue from selling these "show boxed" condo. Hence, you can imagine how much is the profit margin for this project.

Just remember that the take up rate for The Star Tower 2 is hitting 70%. It is the ONLY project in KLCC that is still selling like hot cakes. For RT3, they are in the early stages of discussion with a service operator to take up 50% of RT3.

Then, you have Union Suites with GDV of RM400M. Tan Sri has always mention that he will only launch a project when he is confident the take up rate will hit 80%. So far, he is correct for TWY Mont Kiara and Star Residences.

Being a Chartered Accountant by profession, I like Tan Sri's style as an aggressive yet prudent manager.

where got? still stuck at RM0.72....

@ nemesis ....the unbilled sales of $1.3B does not include the RT3 of Star Residences . during the AGM , it was mentioned that SymLife is arranging with a service operator to sell 50% of RT3. If you include RT3 inside SymLife' billed sales, it should be RM1.8B....assuming both Union Suite and RT3 is fully sold...

Dunno when they will launch Union Suites ....if assuming 90% take up rate, hence unbilled sales can easily hit RM1.3B

Hopefully lar...