Posted by kancs3118 > 2014-11-27 20:08 | Report Abuse

@ JN88, why the funds will not ride this share if the big boss is holding 30%++? Not enough liquidity?

Posted by JN88 > 2023-03-30 19:28 | Report Abuse

Nowadays funds also goreng kaki....unless the company very strong like Tm , tenaga .....no reason for them to put their money there and waiting...

Posted by Heng611 > 2014-11-17 09:04 | Report Abuse

Who have info for star residences sales?

Posted by nightkid123 > 2014-11-18 09:02 | Report Abuse

Last i went to site was still a parking bay.
Behind avenue K

Posted by Heng611 > 2014-11-18 10:15 | Report Abuse

Do some math, Tower 1 70% Booked total 557 Unit, = 390 units booked, each unit RM900k to 1.3mil

Posted by JN88 > 2014-11-18 11:07 | Report Abuse

@Heng611: star residences revenue included in coming quarter report?

Posted by Heng611 > 2014-11-18 11:22 | Report Abuse

Tower 1 launched Nov 2013 (557 units) , Tower 2 Nov 2014 (514 units), Tower 3 mid 2015 514 units

Posted by Heng611 > 2014-11-18 11:34 | Report Abuse

Last year 2nd Q, revenue RM100m without sales from star residences, I think coming QR RM200 -RM400m

Posted by JN88 > 2014-11-18 11:36 | Report Abuse

Disposed of shares in GuocoLand JV company will raise 56.22million (cash).....increase the EPS by 8 sen for the financial ending MARCH 2015 (The star -24 July 2014) + land at Kajang may acquired by state Gov....hahahaha

Posted by kancs3118 > 2014-11-18 22:47 | Report Abuse

@ JN88, do you mind to elaborate why the land at Kajang may be acquired by the state government?

Posted by JN88 > 2014-11-19 07:40 | Report Abuse

@kancs3118:http://www.symphonylife.my/news-events/media-clippings/

Posted by kancs3118 > 2014-11-19 11:39 | Report Abuse

Hi all;
just want to know - any updates on the Langat2 project located at Sungai Long? The new Selangor state government gonna buy the land? If yes, how big?

Posted by Heng611 > 2014-11-21 11:48 | Report Abuse

Mother RM0.98 and warrant RM0.365 Conversion Price : RM1.10, the warrant is too high now?

Posted by kancs3118 > 2014-11-25 11:15 | Report Abuse

funny....no body wanna sell any shares at this price....

Posted by Wong Yong Keong > 2014-11-26 10:37 | Report Abuse

All waiting for Q2 report...

Posted by Heng611 > 2014-11-26 12:05 | Report Abuse

look like not so good for q2 otherwise the price will stay above rm1.

Posted by JN88 > 2014-11-26 16:46 | Report Abuse

KLSE UP....stock down.....KLSE down ...stock BIG BIG down...

Posted by pangolin > 2014-11-26 20:06 | Report Abuse

Ai... Net asset almost rm2, share price only rm1.... Much much under value

Posted by Wong Yong Keong > 2014-11-27 17:45 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1807901

Q2 come out already! net profit increase 90%,but revenue drop 50%

Posted by kancs3118 > 2014-11-27 18:19 | Report Abuse

just have a quick look at their quarterly results. Despite the smaller amount of revenue, gross profit margin is still sustained at 30%. Majority of the net profit comes from disposal of CESB.
I concur - the drop in revenue is worrying. Anyway - management commentary was saying that unbilled sales is expected to improve in the middle of the year. Any other explanation? Need to dig deeper. I think the reason is due to the delay in projects.

As at 30 September 2014, total unbilled sales was approximately RM196 million and is expected to increase significantly when the 3 new projects namely TWY Mont' Kiara, Desiran Bayu in Sri Rampai and Tijani Raja Dewa in Kota Bharu are launched in the second half of FY2015.

Posted by JN88 > 2014-11-27 18:32 | Report Abuse

Net profit 22m...but share prices drop 20% from rm1.2.....Q report is important....but kaki goreng also very important..

Posted by Serenitynow > 2014-11-27 22:26 | Report Abuse

Please correct me if I am wrong, without the disposal gain Symlife would be making loss this quarter, you check the cash-flow statement and see. But balance sheet is healthy I think.

Posted by JN88 > 2014-11-28 07:50 | Report Abuse

Hopefully this year the net profit can hit rm60m and above....

Posted by dragonlim > 2014-11-28 09:38 | Report Abuse

Somebody try to bring down the price or slow down the price increment .....

Posted by dragonlim > 2014-11-28 09:39 | Report Abuse

Somebody try to bring down the price or slow down the price increment .....

Posted by azlan88 > 2014-11-29 06:36 | Report Abuse

the gain from stake disposal masked the last quarter result. however on the positive side elevia residences has eventually been launched this quarter. unbilled sales had increased a bit from RM175 to RM196, and expected to increase further with progress with elevia and wharf. however, delay in launch for TWY,Tijani @Raja dewa and Tijani KK reduce the excitment

Above all, I'm actually excited with the launch of Star Residences (JV with UM Land). The project had been launched end september and may only start contributing from this quarter onwards. Star Residences is divided into 3 phases, in which 1st phase (Residences Tower 1) had been launched.RT 2 and 3 will be launched in 2015 and 2016, apart from a mall. Symlife stake in JV is about 50% (correct me if I'm wrong) and for RT 1, 557 units are available for grab. Taking the min price of soho unit as RM1 mil (max price rm4.6 mil), revenue will be almost RM557 mil. Symlife profit portion will be RM50 mil. That will be for 1 RT. I work near the Star Residence area and now they are carrying out groundworks.

Posted by azlan88 > 2014-11-29 10:08 | Report Abuse

The disposal may not have direct impact to Symlife but will strengthen symlife subsidiary, symphony estates sdn. bhd.

Btw, Star residence project had featured in The Star today. The response is good with 80% take up rate. Total GDV is estimated at RM3billion, with Star boulevard featuring Walk of Fame handprint by international renowned celebrities.

Posted by JN88 > 2014-11-29 10:37 | Report Abuse

This company will become a middle size construction company in future.....If each Quarter the net profit maintain at rm15-20m can be consider very good ady......but so many shareholder runaway after the div ex-date....

Posted by kancs3118 > 2014-11-30 09:31 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/11/29/Alphine-Return-bullish-about-project-Good-response-to-Star-Development/?style=biz

Posted by kancs3118 > 2014-11-30 09:49 | Report Abuse

@ azlan88, just a stupid question. Concerning The Star Residences, noted that the builder is actually Samsung C&T. What does that mean? Does it mean that SymLife is the master developer and then they sub-contract the building works to Samsung C&T? If that is the case, what is the role of SymLife? Also, since this is a JV between UMLand and SymLife, how will the bill for Samsung C&T being split between both of them? Just curious....don't really understand how construction really works....

Posted by azlan88 > 2014-11-30 12:06 | Report Abuse

kancs3118, I believe you know the answer. haha

Star residences project is a collaboration between Symlife and UM Land through their JV, Alpine Return Sdn. Bhd. As the GDV RM3billion is quite huge for small to mid-cap developers like Symlife and UM Land to carry out on their own, it is wise to carry out on JV.

Samsung C&T is contracted by Alpine Return to carry out superstructure construction, based on their credibility as main contractor for other superstructure such as KLCC, Burj Dubai, etc. Star Residence is estimated to reach 3 quarter of KLCC height, and that requires contractor that is technically and financially capable. So does the earthwork. In KL, there are a lot of limestone underneath the ground, which need to be taken care before constructing the superstructure. KLCC also has been shifted few metres from original location due to limestone and a lot of grouting need to be applied.

Do I answer your question?

Posted by kancs3118 > 2014-11-30 23:31 | Report Abuse

@ azlan88, thanks for sharing. Quite impressed by your grasp of details. By the way, how much is the cost of hiring Samsung C&T to complete the superstructure? Just trying to project the cost (and profits) of building Star Residences. Also, how do you derive the profit for Residence Tower 1 to be RM50.0M? Care to share? And yes - the JV with UMLand is a 50%-50% JV. Looks like the profit will be split 50-50.

It seems Star Residences will be the flagship for SymLife for a few years to come. How about their crown jewel - the Sungai Long land? What is the update on the state government land acquisition for the Sungai Long Land for Langat 2 project?

Posted by JN88 > 2014-12-01 09:22 | Report Abuse

Habis cerita this stock will maintain at level of rm0.95-1 til next September of 2015....

Posted by kancs3118 > 2014-12-01 17:10 | Report Abuse

die...sell off everything

Posted by azlan88 > 2014-12-01 17:16 | Report Abuse

year end sale comes early. time to buy. hehe

Posted by JN88 > 2014-12-01 17:36 | Report Abuse

Tomorrow all stock go back to last week level ...and symlife remain at this level..wakakaka

Posted by kancs3118 > 2014-12-01 17:39 | Report Abuse

wow...this Petronas is really powerful. The Star Business ran an article stating Petronas will cut Capex and the whole market drop like crazy.

Posted by kancs3118 > 2014-12-01 17:39 | Report Abuse

@ Azlan88, generous enough to share what is your average cost for SymLife?

Posted by kancs3118 > 2014-12-02 10:18 | Report Abuse

Hi all sifus,
Just wanna ask - why the closing price yesterday was at RM0.94. Then, this morning, it spiked up to RM1.04 but the volume is not much. I mean any "reasonable" buyers will want to reduce their cost and enter between RM0.94 and maybe add a few cents. Why wanna pay so much at RM1.04??? What is the logic?

Posted by JN88 > 2014-12-02 16:14 | Report Abuse

Property market still very hot...good location apartment within 600k-900k also sapu sampai tulang pun tak tinggal ...if you say economy nowaday very bad and Malaysian life very suffer I dun think so....

Posted by kudamuda > 2014-12-03 04:12 | Report Abuse

JN88, mind to gv example of the "good location apartment"? curious...

Posted by JN88 > 2014-12-03 08:19 | Report Abuse

kudamuda: The clio residences near to new IOI CITY mall...super low density and good environment....good developer not need to find customer....customers will find them....hopefully Symlife will be a good and quality developer ....look at the symlife landbank location not so good but boleh tahan..

Posted by kancs3118 > 2014-12-03 12:41 | Report Abuse

@ JN88 - why do you say SymLife's landbank is not so good? Care to share?

Posted by JN88 > 2014-12-03 14:00 | Report Abuse

@kancs3118: Almost 50% landbank located at Kedah (need to wait for 10-20 years,kecuali if DR M son press the button then develop the state lo)....hopefully they can acquire more at Selangor in future.....Selangor one very good ..wakakkaka

Every year, the number of fresh graduate student from local Uni almost 4K and private Uni almost 2K (estimation)......can you imaging the demand???

Currently, the demand is not so high because many rich man (contra player) control the price..poor one waiting....Block A (rich contra player).....Block B, Block C, Block D Block E coming kill all the contra player wakakakaa....if the rich man book all the block then i nothing to say la...

So, overall property is still very hot. Symlife bravo.

Many contra player in stock market, now waiting the contra player in property market show.
03/12/2014 13:59

Posted by JN88 > 2014-12-03 14:03 | Report Abuse

I'm so curious why The Star residences progress so slow.....wakaka they may waiting the bullet train project to goreng the tower2 and tower 3(speculation).

Posted by kancs3118 > 2014-12-03 16:14 | Report Abuse

mmm...about the land in Kedah - based on the chairman's statement from the annual report 2014 - they are looking to monetize the land ASAP. Also, i think one of their projects involved the land in Kedah - do not know the name.

Posted by kancs3118 > 2014-12-03 16:14 | Report Abuse

@ JN88, how about SymLife's land in Selangor? All very good?

Posted by JN88 > 2014-12-03 17:11 | Report Abuse

@kancs3118: Hard to say ..but Selangor sure better than other state since the population increases very fast......so no worry there is no demand if they build property in Selangor...

Posted by kudamuda > 2014-12-03 20:00 | Report Abuse

ic ic.. thanks for the sharing

Posted by azlan88 > 2014-12-03 23:38 | Report Abuse

kancs3118, nowadays many developers act as 'marketers'. They conceptualize and market the product. Construction part is given to construction companies. This way they can manage their cost. But there are developers cum construction companies, which enjoy superior margin when they do all the job from conceptualizing, marketing and constructing the housing project. Typically developers enjoy 15-20% profit margin while they award another 10-15% to the construction companies.

Average cost? Still on paper loss la. haha. I'm quite optimistic with their outlook, although current property market is on the downturn. Huge portion of their landbank is in Kedah and Sg. Long. Sg. Petani is picking up slowly but surely but Sg. Long is already prime for development. Waiting only for finalization of Selangor govt compulsory acquisition for Langat 2 project.

What holding Symlife back is delay in launching of projects. Time is money. The faster they launch the project, the faster they get the return. Most of Symlife projects are luxurious housing, which dampen their earnings in this soft market. Maybe they have to rebalance their portfolio to comprise affordable and some high end houses so that they are less affected. Their balance sheet although improving, with debt decreasing a lot after restructuring of business, still cannot compete with bigger developers.

However, on the positive side, I personally like the JV concept, since they can reduce the risk and expensive landbanking process. Star Residence is one of them, which is brilliantly marketed in 3 phases. Phase 2 and 3 can be marketed at higher price when Residential Tower 1 is already there and by the time, MRT is almost completed. The difference between Star Residence and Wing Tai's Le Nouvel (opposite Tower 2 KLCC) is that, the area is smaller, hence easier to rent out. Le Nouvel starting price is already RM4.0 million while Star Residence is opened from RM1.0 million to RM4.2 million for bigger area.

Sometimes I purposely have my lunch at one of warungs, opposite to the Star Residence project, just to check their progress. lol