kancs3118

kancs3118 | Joined since 2013-09-02

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Stock

2020-05-07 19:05 | Report Abuse

Sampah stock ...Singapore has implemented the circuit breaker and foreigners are the highest contributor to the Covid19 pandemic....this will drag Pintaras

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2020-05-07 11:44 | Report Abuse

Have to wait for backside government to announce mega projects la....right now, every Susah...everyone is dying

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2020-05-07 11:44 | Report Abuse

Next hotspot booming??

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2020-05-07 11:22 | Report Abuse

One way street to Holland

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2020-05-07 11:22 | Report Abuse

This who wanna collect...better do so now...

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2020-05-07 11:22 | Report Abuse

And I predict the price would drop to RM0.30 and then, RM0.20 and then, RM0.10...

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2020-05-05 20:53 | Report Abuse

dead counter...pity the shareholders

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2020-05-05 18:42 | Report Abuse

another rubbish stock - bored with local Malaysian hookers - decided to venture off to shag singaporean hookers~!

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2020-05-05 16:35 | Report Abuse

rubbish stock... belongs to tong sampah...

tell me...
why Gadang spend $18M on little known DWL?
DWL MD Sharlil Mokhtar has already bugger off to Prasarana...
and Gadang's JV partner in their Johor capital city project has already wound up....owing RM100M to Gadang...

these are signs of horrible things to come....bugger off while you still can....
And until now...where is the Quarterly Reports? Dare not show the world?

Stock

2020-05-04 17:05 | Report Abuse

Gadang - PN17 soon...just mark my words

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2018-10-10 06:36 | Report Abuse

The contractor for TwY is Top International Engineering...a top 500 Chinese company....for Chinese contractors ..building a to storey condo is chicken shit to them....don't know why they cannot perform.

Maybe SymLife squeezes them or underpay them ?

Stock

2018-10-09 09:56 | Report Abuse

Actually, Tan Sri style is JV style..major projects are all JV ...
Star Residences JV with UMLand....
Lembah Ledang JV with Jakel and PNB...
Sabah Signal Hill...JV with land owner....

I am just wondering, if they wanna develop Sungai long, who they will JV with? Tabung Haji??

Stock

2018-10-09 09:52 | Report Abuse

If things turn really nasty, I believe they may resort to selling a part of the Sungai Long land...it is just sitting there ...idle....

I don't think they will sell the Langkawi shopping mall because this is generating recurring cash flows....

Stock

2018-10-09 09:48 | Report Abuse

Recognising this, tan Sri did mention that they want to replan their product launches ...to make the units more efficient (i.e.; smaller) and hence, more affordable. This is in line with the housing market trend now which is more towards affordable housing...

Stock

2018-10-09 09:47 | Report Abuse

@ nemesis... SymLife has got high gearin- about RM350M debt....but then, this high gearing is offset by the high unbilled sales circa RM900M.

So, in those sense, SymLife is safe as the unbilled sales is 3 times coverage of the debt.

I think the RM60M raised is just to cover for shortfall in cash.

My main concern for SymLife is that they have a lot of projects in the pipeline that they want to launch and the timing now is really bad. Market for properties is really soft.

Stock

2018-10-08 18:02 | Report Abuse

Forget about the Sungai Long land. Despite its much paraded $8B township, until today there is no emergence of a partner who is willing to finance the development of this $8B mega project. SymLife’s balance sheet is just too small to go at it alone. Perhaps they are trying to rope in Tabung Haji? Maybe that is why Tabung Haji emerged as a significant shareholder? But it is all just pure conjectures / speculations – my guess is as good as yours – at this moment. The next big thing here after Star Residences is really the $7B GDV Lembah Ledang project. This one has a more proper story to tell. We have got both Jakel (33%) and PNB (33%) to co-develop Lembah Ledang and they are now planning the development of this Lembah Ledang project. Inside the annual report, there is no mentioning of Sungai Long. Probably, it is something for Tan Sri to sell if the company runs into further liquidity problems.

Actually, I am abit pissed with this rights issue as it destroy shareholder’s wealth. In terms of the monies/ funds being raised – this is more like a bridging “loan” from the shareholders to tide SymLife over unexpected shortfalls in their financing. $60M is not much of a rights issue. But the share price is battered like Fxxx!. I believe someone is purposely trying to depress this share price so that the OR can be sold cheaply. It is interesting to note who is going to take up the excess for this rights issue. Another objective is already mentioned by nemesis – to let Tan Sri has a stronger grip on SymLife.

Moving forward – SymLife’s fortune is very much determined by
- Star Residences – Tower 3 (in partnership with Ascott Residences). Personally, I am not worried about Star Residences because the project has already more or less break even. I remembered someone told me Tower 3 is their pure profit as all costs are covered by Tower 1 and 2 and the Star Retail. Hence, by clocking in at $2450 per sqf and roping in Ascott, Tan Sri is trying to make it big. But then, the market appetite for high priced property sucks!
- Union Suites…from the quarterly reports, 50% of the units available for sales has been taken up. Well – hopefully, this project progress well.
- Same goes to their Tijani Raja Dewa.

Hopefully, the property market will recover in the next few years.

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2018-10-08 06:43 | Report Abuse

What is the sales take up rate like ? In the quarterly report, it is announced that sales is encouraging but then, there is no numbers to back them up.

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2018-10-08 06:42 | Report Abuse

Hi all; anyone has any updates about Star Residences SR Tower 3 - the one they launched in partnership with Ascott ?

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2018-08-30 18:02 | Report Abuse

Hi...anyone attended the AGM? Can share the updates ?

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2018-06-11 10:29 | Report Abuse

The build is really fast.....when they stacked up one floor by one floor....

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2018-06-07 14:32 | Report Abuse

Sungai Long project is very far away...Sungai Long land is a leasehold land...being amortised yearly and the value drops annually. Hence, if the development is to be pushed out by three years, the land may not be so valueable.

The watershed moment is how Union Suites going to perform. This is more important than that Sungai Long land.

Since you are living in KL, why not if you go and visit their Union Suites sales gallery ?

Stock

2018-06-07 12:30 | Report Abuse

@ nemesis....anything new other than bodek Symlife ?

Melanie's input seems to be very insightful

Stock

2018-06-02 22:55 | Report Abuse

But then, Elevia Residence 70% sold only ...after so many years......
Poor sales for Tijani Raja Dewa at Kelantan,
And poor sales for Union Suites...only 33% sold for units being offered for sales...
Inventories of RM100M
All of this....shoes danger

Stock

2018-05-31 07:10 | Report Abuse

Star Residences have started to contribute in a significant way ($17M). However, took a hit in the reversal on a gain for disposal of the Taman Midah land if about $7M.

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2018-05-30 20:47 | Report Abuse

Wct balance sheet is loaded with debts and it's head honcho is a good friend of Najib

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2018-05-24 10:18 | Report Abuse

good buying opportunity...buy more

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2018-05-24 10:17 | Report Abuse

when is the results going to be released?

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2018-05-21 17:40 | Report Abuse

SymLife mati liaw (cry cry sob sob)

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2018-05-15 05:44 | Report Abuse

The selldown for this counter is not as drastic as other major construction companies.

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2018-05-15 05:41 | Report Abuse

SymLife is green despite overall bloodbath ...testament to the expectation of a strong quarterly results.

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2018-04-27 14:34 | Report Abuse

the owner (and his merry men) is buying while the whole world is busy unloading on the cheap to him....

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2018-04-27 05:52 | Report Abuse

Tabung Haji just mop up 500K shares..

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2018-04-24 11:42 | Report Abuse

Tan Sri is a trustworthy man...

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2018-04-23 20:30 | Report Abuse

How you know it is LTH that buy ?

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2018-04-23 19:55 | Report Abuse

How you know today's volume is done by LTH ?

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2018-04-23 19:54 | Report Abuse

Wait for the biggee...Capital 21 yo...

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2018-04-20 21:14 | Report Abuse

Anxiously waiting for this May18 results...

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2018-04-20 19:32 | Report Abuse

Quarterly results out next week lah

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2018-04-20 06:29 | Report Abuse

@ azlan88, it seems that you have been holding onto Symlife for a very long time...like back in 2014/2015...when they first start building Star ....mind to share your average cost ?

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2018-04-19 20:00 | Report Abuse

It seems to me that M&A is a more likely option and it may involved TH Properties.

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2018-04-19 17:01 | Report Abuse

investing is the most intellectual if it is the most business like.

If i am LTH, what i will do is to exploit the current weak sentiment on property counter and further depressed the selling price.
The objective is two fold:
(1): to further average down on my holding cost which hovers around $0.80 (due to fixing the market at RM0.80 for RI purpose).
(2): it is cheaper to buy now at RM0.72 and just fork out RM0.35 for the RI. It is to my advantage to depress the market now.

However, once the pool of sellers dried up at RM0.72, LTH maybe forced to increase the buying price. However, i suspect LTH will keep it to a tight band.

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2018-04-18 22:58 | Report Abuse

But how you know it is LTH that is buying at small lots ? Ib the absence of an official disclosure, your guess is as good as mine...

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2018-04-18 18:16 | Report Abuse

No lar...the reverse is true.....LTH should be buying now...lower cost for them...they can average down given the majority of their purchases was made at RM0.89 when they fixed the market for rights issue.

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2018-04-18 14:31 | Report Abuse

sigh - price drops again

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2018-04-17 19:43 | Report Abuse

aiyoh....they just used RM2.5M to buy the remaining shares at Datapuri...no big deal....

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2018-04-17 19:12 | Report Abuse

sigh...price drops again...

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2018-04-17 09:08 | Report Abuse

@ Melanie 181818; you seems pretty sure that all of the shareholders will participate in this RI.

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2018-04-16 19:53 | Report Abuse

@ Melanie....every time when a company performs an RI.....in exchange of funds...they will issue more shares which effectively dilute everyone shareholdings , EPS and NTA....it is not something that we enjoy doing every few years...

Stock

2018-04-16 15:29 | Report Abuse

Walau...suddenly...so many newbies here....