It moved 0.075 this week. So if the uptrend is intact, it should be 0.92 end of next week. Need to be validated by nemesis who seems to have a good grasp of symlife.
It is confirmed in my monitoring tat Symlife will reach 1.00 soon...I m very sure next great qtr financial result will send Symlife above 1.00 territory...We can expect at least 5 Sen dividend for tis year n 6 Sen for 2018...I ve a long term price target of 2.20 for Symlife When Sungai Long 7.6 billion project launched which is gonna sell very well as it is affordable housing project...Tis should sustain Symlife Earnings to 5-8 yrs to come...It is gonna be a steady growth with consistent dividend...The only setback is that they might roll out Right Issue to fund the Sungai Long project given the fact tat Symlife is quite High Gearing at the moment...However I m sure under the leadership of Tan Sri Azman yahya, Symlife is gonna see a brighter n prosperous day ahead with more high end product plus Sg Long affordable medium end development...Among all the Small Cap Developer listed in Bursa, Symlife has the highest Unbilled Sales up to 1 billion...Surprisingly these sales is achieved even when property mkt is having recession...If property mkt boom in the future, just imagine how much is Symlife worth????
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.
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...
@ 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...
since the 50% of tower 3 sold,share price easily can go up to RM1.50 before end of this year 2017. Positive news will support the share price up especially big profit contribution from 1 billion unbilled sales on the project like star residences & TWY.
Yesterday I studied again the recent annual reports and quarterly reports of SymLife and visited the company website.
I looked at EPS, NAPS, unbilled sales, potential of upcoming projects, balance sheets, land, etc. I am convinced of the deep values of SymLife despite the recent price up. I bought some this morning although the price is high compared with 0.635 I managed to buy some not that long ago.
EPS, NAPS and potential of SymLife are certainly better than Malton, but yet at so much lower price.
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.
price is still holding well since only small amount contra players are selling today. May resume the upwward trend tomorrow or the day after. but believe the price will break the resistance at RM1.25 this time around, provided this quarter result is super amazing and supported by solid unbilled sales. Hopefully they managed to sell 50% of RT3 as said by kancs3118.
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Posted by cherry88 > 2017-03-08 22:02 | Report Abuse
Nooobieee, are u entering the wrong room ?