Posted by azlan88 > 2014-08-26 12:15 | Report Abuse

Suprisingly, Q1 FY15' performance is not too shabby. Eventhough the unbilled sales has dropped to RM175 million from around RM250 million in Q4 2014, I believe Symlife can sustain until Q3, when all the delayed projects are launched.

As for Q2 FY15' their net profit will be 'masked' by the gain from selling their stake with Guoco JV, if they can finalize the deal within this quarter plus some revenue from Elevia Residences which was launched on 8 August 2014. Therefore Q2 result announcement won't be bad.

As for Q3 FY15', it will be sustainable as I believe TWY Mon't Kiara and Desiran bayu had been launched.

I believe their strategy to develop land through JV will be rewarding as it brings down the cost (they do not have to splurge money to buy the landbank and the money can be used for working capital instead). Based on Q1 result announcement, their borrowings has been reduced, and hence reduce the financing cost. Thus more dividends can be dished out.

Cheers!

Posted by nooobieee > 2014-08-26 13:35 | Report Abuse

i only got 50k shares
pls stop recommending

Posted by power88 > 2014-08-26 14:24 | Report Abuse

buy before late...haha

Posted by ryanlim1023 > 2014-08-26 15:04 | Report Abuse

Sell your house and car buy more..hahaha

Posted by power88 > 2014-08-26 16:25 | Report Abuse

soon go RM2.50...100% up

Posted by tenys1227 > 2014-08-26 16:32 | Report Abuse

still long journey la .... i hold it almost 6 months already...

Posted by cckkpr > 2014-08-26 16:32 | Report Abuse

With this kind of results, got to long wait and patience lor.

Posted by kancs3118 > 2014-08-27 07:18 | Report Abuse

RM2.50 is quite a realistic number.

Valuation is, to a certain extent, quite subjective. Hence, a more concrete way is think of how much the shareholders stand to gain if SymLife is liquidated tomorrow.
Per the annual report, the net assets per share is RM1.99. After adjusting for the funny, funny accounting items such as purchased goodwill, deferred tax assets, etc...let us take a ball park figure of RM1.50.

Thereafter, assuming we just revalue the Sungai Loong land and sell off all the other land at book price (something which will never happen in real life), each shares should gain an additional RM1.00 (the very very least).

Hence, RM1.50 + RM1.00 = RM2.50 which is quite a achievable price for this share.

Posted by tigerbeer > 2014-08-27 23:35 | Report Abuse

next year 2.5, now i just leave it float for now... hahaha... feel good and safe

Posted by power88 > 2014-08-28 08:00 | Report Abuse

symlife unbilled RM175m, new projects
Elevia RM120m ,
Desiran RM110m ,
TWY mont Kiara RM400m,
Kelantan RM160m
Total=RM965m
Yearly revenue =RM 400m
965m/400m =2.4 yrs
so in 2.4 yrs symlife still good in revenue.
If Cost still same, profit can hit 40m/years.

Posted by james70 > 2014-08-28 13:05 | Report Abuse

Star Residence phase 1 GDV is RM900m. The launch is this year.

Posted by kancs3118 > 2014-08-28 13:25 | Report Abuse

what happen to the market today? red everywhere........

Posted by james70 > 2014-08-28 13:55 | Report Abuse

Wow, MahSing just paid RM656.9M for 88.7acres or RM170/sqft of leasehold land in Puchong. Very close (~15km) to Symlife's remaining 29.2acres Puchong land. At RM170/sqft, this works out to RM216M or 70c/Symlife share. Symlife has this parcel valued at RM33.9M in its book. Fat margins here.

Posted by JN88 > 2014-08-28 14:41 | Report Abuse

Market very unusual....September coming...maybe something bad happen....

Posted by tommyzai > 2014-08-28 14:42 | Report Abuse

power88, don't forget about proceeds from sale of quarry land at 20m/year until 2017, and this year another 28m from sale of palm oil estate, which is 9.3cents/share. this year alone will have income of 48million from sale of assets, which is about 16cents/share. this is additional income other than property sale!! considering only this, eps for 2014 is only 7.5. conservatively, if income from property is only 40m, which unlikely because of the coming launches, eps, is only 4!!!! btw, elevia is almost sold out! buy while you can. results for next two quarters will burst!!!

Posted by windz1984 > 2014-08-28 16:05 | Report Abuse

So many good news but it dropping?

Posted by tenys1227 > 2014-08-28 16:23 | Report Abuse

good question ^.^ ... then we wait for bad news

Posted by Lim Kang Ju > 2014-08-28 16:55 | Report Abuse

Market is irrational.. Some stupid company with low NTA, loss making and high debt, people just continue to chase chase chase... For some company with high NTA, no one chase...@@

Posted by power88 > 2014-08-28 18:34 | Report Abuse

fight with time....

Posted by JN88 > 2014-08-29 00:35 | Report Abuse

@Lim Kang JU :People want earn fast money they know there is risk there...but still want to go in ....

Posted by 0bucks > 2014-08-29 09:53 | Report Abuse

Market got up sure got down, when it is up, nobody query it is unusual. haiz

Posted by power88 > 2014-08-29 10:05 | Report Abuse

PETALING JAYA: Mah Sing Group Bhd has inked agreements for 105ha of prime land in Puchong’s central business district (CBD), with its first acquisition of 35.9ha to be used for its largest integrated mixed development in Malaysia.

According to Mah Sing, the proposed development with an estimated gross development value of RM9.3bil is expected to be completed within 10 years. The group, via its wholly-owned subsidiary Mah Sing Group Ventures Sdn Bhd, entered into a sales and purchase agreement with Huges Development Sdn Bhd yesterday to purchase the land for about RM656.9mil or RM170 per sq ft.

Posted by reach_rich > 2014-08-29 11:03 | Report Abuse

market in correction mode!!!

Posted by kancs3118 > 2014-08-29 11:05 | Report Abuse

aiskkk.,....this is because i loaded extra at 1.18 to 1.20 mah...if i know it will drop to 1.16, should have wait until 1.16. If only...these two words .....

Posted by SKY2 > 2014-08-29 12:55 | Report Abuse

Time to buy in more.........

Posted by SKY2 > 2014-08-29 12:59 | Report Abuse

Hi guys, Symlife still holds 625 acres in Sg LOng as mentioned in their website...and Azman mentioned the same in Edge 6/03...how come it becomes 419acres....The sale of land to ytl was way back in Jan 2013...Did.t Azman know about it when he said they have 625 acres there..do in their website.....

Posted by SKY2 > 2014-08-29 13:02 | Report Abuse

Apart from these projects, the developer is in the process of converting 625 acres of quarry land in Sungai Long to residential land. "We are converting our quarry land in phases to 99-year leasehold, to develop a new township. That works nicely for us because the new Middle Ring Road 2 (MRR2) will cut across our land," Azman says. "We are doing the planning now and hopefully can get the first phase out probably sometime next year." The estimated GDV for this township is RM6 billion. Edge

This story first appeared in The Edge weekly edition of Jun10-16, 2013.

Posted by JN88 > 2014-08-29 13:29 | Report Abuse

SKY2: any ideal when the IB will go to gv the TP for this company?

Posted by SKY2 > 2014-08-29 13:41 | Report Abuse

I was informed privately at rm 1.90......when the IB wants to come out reports I do not know..maybe Azman is not keen to see them ...for the report. They do have a long list of people to see each month..

Posted by SKY2 > 2014-08-29 13:46 | Report Abuse

I remember I bought Takaful at rm 2.20.....and OSK started to write about it when it hit rm 5.....so not my fault actually

Posted by JN88 > 2014-08-29 15:08 | Report Abuse

Thanks your sharing....I think this stock will reported by IB only when the price is up....

Posted by power88 > 2014-08-29 23:42 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS SYMPHONY LIFE BERHAD ("SYMLIFE" OR "THE COMPANY") - PROPOSED DISPOSAL OF THE COMPANY'S ENTIRE INTEREST OF 8,000,000 ORDINARY SHARES AND 34,876,090 CUMULATIVE REDEEMABLE PREFERENCE SHARES IN CONTINENTAL ESTATES SDN. BHD. TO PEMBINAAN SRI JATI SDN. BERHAD AND IOI PROPERTIES BERHAD FOR A TOTAL SALE CONSIDERATION OF RM63.8 MILLION ("PROPOSED DISPOSAL")

SYMPHONY LIFE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description SYMPHONY LIFE BERHAD ("SYMLIFE" OR "THE COMPANY")
- PROPOSED DISPOSAL OF THE COMPANY'S ENTIRE INTEREST OF 8,000,000 ORDINARY SHARES AND 34,876,090 CUMULATIVE REDEEMABLE PREFERENCE SHARES IN CONTINENTAL ESTATES SDN. BHD. TO PEMBINAAN SRI JATI SDN. BERHAD AND IOI PROPERTIES BERHAD FOR A TOTAL SALE CONSIDERATION OF RM63.8 MILLION ("PROPOSED DISPOSAL")
Further to our announcements made on 23 July 2014 and 31 July 2014 respectively in relation to the Proposed Disposal, the Board of Directors of SymLife wishes to announce that the Proposed Disposal has been completed.
This announcement is dated 29 August 2014.

Posted by power88 > 2014-08-29 23:50 | Report Abuse

The proposed disposal will not have any effect on the share capital, net assets per share and substantial shareholders’ stake of Symphony Life.

However, the exercise will increase the earnings per share of the group by 8.2 sen per share for the financial year ending March 31, 2015. In the same financial period, the group will record a gross gain of RM23.2mil from the proposed disposal.

The company further stated that there would be no material effect on the consolidated net assets, but that the net gearing ratio of the group would be reduced from 28% to 18%

Posted by power88 > 2014-08-30 00:02 | Report Abuse

23.2 mil , EPS up 8.2 sen,ending march 31 2015,
Result will show in 4th quarter 2015.
If profit same as last year ,17m , total become 17m+23m=40m..
share price will shooting up.

Posted by nospam09 > 2014-08-30 11:09 | Report Abuse

Since the proposed disposal has been completed, does it means this one off gaining will be reflect in coming Q2QE annoucement?

Posted by SKY2 > 2014-08-30 12:20 | Report Abuse

Ya 8.2sen gain should be reflected in coming Q aka 2nd Q......

Posted by nooobieee > 2014-08-30 14:24 | Report Abuse

don't forget 20million per annum until 2017 from sale of quarry land

Posted by nooobieee > 2014-08-30 14:25 | Report Abuse

elevia almost sold out. 120mill gdv assume 10% margin, that's around 10mil for one launch. there are another 3 launches this financial year

Posted by nooobieee > 2014-08-30 14:29 | Report Abuse

10% is minimal. if wanna know how much is the possible margin, check the book value of the land where elevia is sitting on from annual report a few years back. i am sure it is recorded with very low book value, meaning the margin can easily go up to 20-30% for this project

Posted by nooobieee > 2014-08-30 14:29 | Report Abuse

symlife gonna fly to the sky by end of this year!!

Posted by investor8888 > 2014-08-30 17:26 | Report Abuse

buy buy buy..will shoot up soon..

Posted by SKY2 > 2014-08-31 00:43 | Report Abuse

Symlife , I believe is walking the paths of Huayang and Tambun ( I bought before ) ...but at a much discounted price ...

Posted by azlan88 > 2014-08-31 01:59 | Report Abuse

Since the disposal of stake had been completed, it will be recognized in Q2. As I posted in my earlier comment, Q2 will be a very good quarter since it will include the gain from disposal. Some investors maybe worry of earnings fluctuations, but by the time Q3 is announced, it will already include the contribution from Elevia Residences and other launches. Unbilled sales will increase in Q2 and further increase onwards

One of the catalyst going forward, is the resumption of East Klang Valley Expressway project. If I'm not mistaken EKVE project has yet to started on ground due to some issues. However ifit does materializes, Symlife will be among the biggest beneficiaries. Started from Karak, Ekve will link Ukay perdana, Ampang all the way up to Sg. Long, which is were Symlife landbank sits. I believe they are in the process of readying the land for development and once Ekve revejunated, they are good to go.

Posted by tenys1227 > 2014-09-02 17:08 | Report Abuse

keep buy...

Posted by power88 > 2014-09-02 22:52 | Report Abuse

Yes,keep buying until move to rm 2.50

Posted by pangolin > 2014-09-03 03:05 | Report Abuse

Anyone going to attend Agm ?? Need to register ?

Posted by power88 > 2014-09-03 09:54 | Report Abuse

pangolin...pls go and ask when revalue sungai long land...haha

Posted by kancs3118 > 2014-09-03 10:50 | Report Abuse

more important is to ask them when wanna promote to the investment community... hahaha

Posted by Heng611 > 2014-09-03 11:25 | Report Abuse

Have to wait for MRR2 Ext, Sg Long Land is GOLD Mine, time to takeover this Co, any bank can loan RM400mil to me?

Posted by kancs3118 > 2014-09-03 20:05 | Report Abuse

after dividend ex-date, this stock may drop somemore....