Tan Sri Ong Leong Huat is the chairman of OSK property and Pjdev which has been taken private recently...OLH is known to be a very shrewd n prudent investor who has developed OSK into a reputable property giant...I can assure you if OLH has become substantial Shareholder, Symlife will rise above 2.00 as he is a renown intelligent investor...LTH is also another driving force tat will propel Symlife to greater height...
OLH is very cunning businessman...Just look at how he took Pjdev private...He squeezed Sholders to the max depriving them of pjdev's true value...He is seeing growth in Symlife tat is why he acquired Symlife shares..
Besides I m optimistic tat even in times of property slump, Symlife is aggressively planning several upcoming projects soon tat should deliver strength to its future growth...I m sure research house will initiate a full coverage of tis gem soon...My target price is focus at 1.60 by year end n 2.20 by 2018...even Ecoworld n Mahsing can't beat Symlife...
I notice that in AR FY2017 page 132 and 133 Symlife has joint a new company with 33.33% cost 5m called Jakel Land Sdn Bhd. Jakel Land SB has 690m total assets and 675m total liabilities. Quite a big amount. Anybody know what is this company?
@ maxmax....mmm...just wanna ask your advice about Star Residence Tower 3. What is the arrangement between SymLife with Ascott ? Whether SymLife has sold 50% to Ascott or Ascott is just managing this 50%? Very confusing leb ...
ALL ONGOING PROJECTS ARE SELLING WELL(ESPECIALLY STAR RESIDENCES DUE TO ITS PRIME LOCATION CLOSE TO PETRONAS TWIN TOWERS. GREAT DEMAND FROM FOREIGN BUYERS. RICH/BIG PROFIT MARGINS HERE) ITS COMING QUARTER'S RESULTS/PROFITS WILL BE MUCH BETTER. HENCE ITS OK TO SLIGHTLY DEFER THE DEVT OF ITS SG LONG LANDBANK (DUE TO THE GOVERNMENT'S ACQUISITION OF SOME SOME PORTION OF IT FOR A HIGHWAY WHICH WILL BOOST THE LANDS' ACCESSIBILITY AND VALUE. PLUS TO AMEND ITS MASTERPAN FOR A BETTER TOWNSHIP.
@ nemesis - how you know someone is intentionally disposing SymLife's shares? Maybe SymLife balance sheet is carrying too much debt....hence, sell down lar...
SYMLIFE HAS A LOT OF GOOD LANDED ASSETS WHICH ARE UNDERVALUED. IT ALSO HAS MANY ONGOING PROJECTS TO DEVELOP SUCH LANDS AND ALL ARE SELLING VERY WELL DUE TO GOOD LOCATIONS. WITH UNBILLED SALES EXCEEDING 1.2B WHICH ARE BEING PROGRESSIVELY RECEIVED THESE REVENUES WILL SETTLE ALL ITS BORROWINGS. ITS NEXT QUARTERLY RESULTS WILL SEE HIGHER REVENUES, BETTER PROFITS AND LOWER GEARINGS
PROPERTY COMPANIES USUALLY TAKE BRIDGING LOANS SECURED BY THEIR DEVELOPMENT LANDS. SUCH LOANS WILL BE SETTLED UPON THE LAUNCHING OF THE PROJECTS WITH THEIR SALES PROCEEDS USED AS SETTLEMENTS TO REDEEM THE TITLES (WITH THEIR SUB-DIVIDED TITLES TRANSFERRED TO THE HOUSE PURCHASERS)
Kancs, why are u worrying about its high borrowings...As long as earnings remain strong it will offset the borrowings soon...Anyway I m more interested of its strong growth and its good management n project execution...So organized and aggressive...
BRIDGING LOANS FROM BANKS ARE SECURED BY THE LAND TITLE ON WHICH THE HOUSING PROJECT WILL BE BUILT. TO FINANCE THE DEVELOPER TO BRIDGE THE TIME GAP BETWEEN THE LAUNCHING OF EACH PROJECT AND ITS SALES/COMPLETION. WHEN THE UNITS ARE SOLD, THE SALES PROCEEDS WILL BE USED TO REDEEM THEIR TITLES AMD RELEASED TO THE RESPECTIVE PURCHASERS OR THE END FINANCING BANKS. HENCE EACH BRIDGING LOAN WILL BE SHORT TERM AVERAGING 3 YEARS AND WILL BE SELF- LIQUIDATING AS DESCRIBED ABOVE.
HENCE WE CAN EXPECT ITS GEARING TO BE PROGRESSIVELY REDUCED AS THE VARIOUS PROJECTS PROGRESS TOWARDS THEIR COMPLETION. WITH UNBILLED SALES AT A ROBUST 1.2B ITS DEBT LEVEL IS RELATIVELY QUITE SMALL.
ACTUALLY ONLY 1x100 SHARES (OR A FRACTION OF 1 LOT) WAS TRANSACTED AT THE PRICE OF 0.90 YESTERDAY.
A FRIEND TOLD ME TO EXPECT A MUCH BETTER 1Q RESULTS WITH REVENUES, PROFITS AND UNBILLED SALES ALL RECORDING STRONG PERFORMANCES. HE SAID THAT ITS 4Q (FYE31/3/2017) RESULTS MISSED CAPTURING A LARGE PORTION OF UNBILLED SALES ESPECIALLY FROM ITS STAR RESIDENCES PROJECT DUE TO TIMING OF RECEIPTS ISSUES. HOWEVER SUCH BILLINGS/COLLECTIONS FELL INTO ITS 1Q RESULTS.HENCE ITS 1Q RESULTS TO BE RELEASED IN THE NEXT 2 WEEKS WILL SEE A BIG JUMP ON BILLINGS BEING RECOGNISED AS REVENUES AND BOOKED AS PROFITS SCRUTINISED THE LATEST ANNUAL REPORT AND REVIEWED ALL THE MARKET NEWS AND CONFIRMED THAT SYMLIFE’S SALES PERFORMANCES IN ALL ITS ONGOING PROJECTS ARE INDEED PERFORMING VERY WELL. ALL THE FACTS POINT TO A VERY GOOD 1Q RESULTS TO BE RELEASED SOON
STRONG FUNDAMENTALS AND REGISTERING BETTER RESULTS EACH SEQUENTIAL QUARTER. PROSPECTS GOOD WITH ALL ITS ONGOING PROJECTS DOING WELL. ITS STAR RESIDENCES CLOSE TO THE ICONIC PETRONAS TWIN TOWERS IS A HUGE SUCCESS
SYMLIFE'S DIVIDEND RECORDS SHOWED IT HAD PAID 5 SEN DIVIDENDS PLUS FREE TREASURY SHARES DISTRIBUTIONS. WITH INCREASING PROFITS WE CAN SEE ITS DIVIDENDS NORMALISED BACK TO 4 TO 5 SEN PER YEAR. IT NOW ALSO HOLDS 438,329 TREASURY SHARES WHICH CAN BE DISTRIBUTED ATTHE RIGHT TIME
no worries, quarter result coming..is time to collect at such price, it will shoot back above 1 in next 2 week when quarter report almost come out..trust me..this quarter report not bad, according to my insider source..
THIS B***** USED TO SAY HOW GOOD SYMLIFE IS. AND HOW UNDERVALUED IT IS.
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Posted by nemesis > 2017-07-29 13:30 | Report Abuse
Tan Sri Ong Leong Huat is the chairman of OSK property and Pjdev which has been taken private recently...OLH is known to be a very shrewd n prudent investor who has developed OSK into a reputable property giant...I can assure you if OLH has become substantial Shareholder, Symlife will rise above 2.00 as he is a renown intelligent investor...LTH is also another driving force tat will propel Symlife to greater height...