This gem has gone through the restructuring, transformation and finally rebranding in last year under Azman's leadership. The above evolution is the need for strong fundamentals to make this gem resilient and move forward with huge landbank yet to develope.
The value of this gem will be realized gradually towards their full year result for financial year 2014 ending 31 March, supported by ongoing projects and property launches as well as unbilled sales of RM 500 million.
Fast and furious is just not the behaviour of this gem as it was not a speculative counter. Those who are holding this gem has to be patient to make it resilient and shines soon. Although it wasn't agreesive enough or should have moved faster as compared to other developers, it moved in a way that was conservative with calculated risks and rewards to the genuine holders. You will enjoy the rewards soon....................................................
there must be some reason if you put half of your portfolio into Symlife, if paper loss now, ask yourself if the stock fundamental change or not? if not means underlying value intact, if so what should you do? Can you stomach the paper lost? Can you average down? Hold and do nothing could be a good strategy too.
my view, we can reach RM1.30 in short term, RM2.50 in longer term. with so much discount over NTA, huge unbilled sales of RM500mil, try look at the perspective of undervalue and good prospect of this gem.
that ex khazanah holding boss looks like a good and prodent manager. Good management is a plus point too. :) :) (Unlike those felda sh*t who price Encorp-w at 55sen (Damn)!)
Big boys are blocking the road, although the company is doing well but price stuck there. RM1.30 in short term? I would b very happy if really can hit that price. Hahax~
I remember mitra b4 share split few years ago, it was damn boring holding it, no movement in 4 months, but when it run, it jump from 1.20 to RM2.50, 100% return in 6 month.
tan1868, u still holding Mitra? Problem with Symlife is the big boys dun allow the price to cross RM1.20, whenever it hit RM1.20 they will sell it down. Today I accidentally sold Mitra-WC at 48.5 cents, yesterday night hand itchy queue sell at so high price also out. Sienz... now have to find chance to buy it back~
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4327 views | 4 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
林俊松
6,908 posts
Posted by 林俊松 > 2014-05-12 21:16 | Report Abuse
But, I bought the warrant.
Dun hav dividend.
=(