Posted by kancs3118 > 2017-08-24 06:52 | Report Abuse

Everyday also recession one ....

Posted by darrenliew > 2017-08-24 07:01 | Report Abuse

STRONG FUNDAMENTALS GROWING STRONGER.
INCREASING PROFITS UPTREND TO CONTINUE EVERY SEQUENTIAL QUARTERS WITH THE COMING 1Q RESULTS REPORTING NEXT WEEK TO BE EXCELLENT (AGREEING WITH THE FINDINGS OF A READER WHO ATTENDED THE RECENT AGM).
SUPPORTED BY VERY SUCCESSFUL SALES OF ALL ONGOING PROJECTS ESP TWY AND STAR RESIDENCES LOCATED IN PRIME AREA NEAR PETRONAS TWIN TOWERS.
LAST DAY TO BUY CUM 3 SEN DIVIDEND IS THIS FRIDAY (1/9. EX D 4/9)

HIGHER DIVIDENDS TO ACCOMPANY BETTER PROFITS. DIVIDENDS WILL NORMALISE BACK UP TO 5 SEN IN COMING FY2018 (STARTING NEXT WEEK) WHERE WE CAN EXPECT A COMBINATION OF CASH DIVIDENDS AND FREE TREASURY SHARES DISTRIBUTION

Posted by Skng Keong > 2017-08-24 10:58 | Report Abuse

R u sure so good... If so good dont need repeating the same story 4 so many times.

Posted by nemesis > 2017-08-24 11:05 | Report Abuse

Just donno why till now the price doesn't move at all...give dividend also don wanna buy...2molo is last day to entitle 4 the dividend...

Posted by nemesis > 2017-08-24 14:35 | Report Abuse

Come on pls UP it now...

Posted by nemesis > 2017-08-24 16:46 | Report Abuse

To attract bigger investment fm institutional fund, Symlife is very likely to declare bonus issues...Current share outstanding only stood at 310 mil shares...For a big investment fund to draw in, its must have a large share base outstanding to ensure fast share liquidity...So bonus issue is coming for sure...

Posted by kancs3118 > 2017-08-24 18:31 | Report Abuse

@ Alvin Kua, just asking, are you the one who asked about Jakel Land S/B during the AGM? Hahaha.....are you the one who said "hi" to me after the AGM?

Posted by Alvinkua > 2017-08-24 18:56 | Report Abuse

@kancs3118, not me. I also wan to ask you are that guy or not? Haha... Or u are asking regarding Star Residences Tower 3?

Posted by kancs3118 > 2017-08-24 19:35 | Report Abuse

Hahaha ....I asked about Star Residences Tower 3. To me, this is a more pressing issue than Jakel Land S/B. Anyway, quite interested to know who is that guy who asked about Jakel.

Posted by kancs3118 > 2017-08-24 23:37 | Report Abuse

ohh i see...nice to meet you. Unfortunately, i was rushing back to Penang. Hence, we are not formally acquainted.

Posted by Alvinkua > 2017-08-25 07:29 | Report Abuse

Hi, equitydiary, I sit behind you in the AGM. :)

Posted by hng33 > 2017-08-25 11:39 | Report Abuse

Latest progress of star residence picture taken on 4 July

http://www.skyscrapercity.com/showthread.php?t=1646056&page=3

Posted by CharlesT > 2017-08-25 11:46 | Report Abuse

Wah so many serious investors here...except hng33 lah

Posted by CharlesT > 2017-08-25 11:47 | Report Abuse

Hng33 is just waiting to make 2 or 3 cents handsome gain n free up capital only....

Posted by StylicZ > 2017-08-25 12:50 | Report Abuse

today report out?

Posted by nemesis > 2017-08-25 15:08 | Report Abuse

Yes

Posted by Si Min Tan > 2017-08-25 17:31 | Report Abuse

I thought today is deadline?

Posted by nemesis > 2017-08-25 20:11 | Report Abuse

Why so late?

Posted by kancs3118 > 2017-08-25 23:10 | Report Abuse

Fellow Heng Tais,
Next year, FY18...$ymlife will glimmer because the earning from Star and TwY will kick in at high gear.

Posted by Si Min Tan > 2017-08-25 23:13 | Report Abuse

you mean twy2 and star rt 3? isn't twy and star rt1,2 contributed a lot already?

Posted by kancs3118 > 2017-08-27 12:38 | Report Abuse

@ si min tan, normally for high rise projects - there is a time lag between the launching of a new project to the eventual recognition of material revenue.

For TWY2, assuming if they launch by the middle of next year 2018 and full take up rate (signed SnP and paid the 10% deposit with no rescinding of contracts) achieved at the end of 2018, material revenue is likely to be recognized by mid 2020. This is because for high rise, it takes a long time to complete the foundation such as piling, under ground and sub structure work, etc etc etc. Hence, it takes a long time to recognise revenue from the first 10% to 30% progressive billings. However, once this stage is completed, construction moves at a very fast pace to build up each level. It will just be like building Lego - stacking up one level after another.

Just look at Star project. It takes 1.5 years to build up the sub-structure and to recognize 20% progressive revenue. This is coupled with the fact that KLCC site is surrounded by lime rocks - very hard rocks to drill into. Hence, Tan Sri made the right move to engage Samsung as the contractor due to their experience in building KLCC Twin Towers. But then, once this stage is over, construction can start to move at a very fast pace. That is why mid FY 2018 is when earnings and profit from Symlife will contribute like crazy.

Posted by kancs3118 > 2017-08-27 13:01 | Report Abuse

also, for Star project, the contract awarded is for "INTEGRATED" development. Emphasise on the word: Integrated. This point is very important (as opposed to phased development) because
(1): Samsung will build all three towers at ONE GO and as of now Aug 18, the three Towers is at level 6 to 8,
(2A): Tower 1 (95% to 100% sold), Tower 2 (85% sold) and Tower 3 (expected to be 90% sold by end of 2018 due to association with Ascott Group),
(2B): has cleared the "speed bump" of doing the foundation work that totals about 1.5 years - and progressive billings will move in a very fast way to reflect the actual work done at construction site,
(3): hence, when you match (1) (cost) and (2A & 2B) revenue, it means the revenue and profit for all three towers will be progressively recognized in a VERY MATERIAL WAY from mid 2018 until end of project by end of 2020.

Assuming if it takes 3 years (2018 to 2020) to recognize about $300M profit from Star project (SymLife's portion):

profit per year = $100M
PE = 5 (very prudent due to so-called sector correction in property and that SymLife is operating in the high end part of the sector)
Shares outstanding = 300M
Share price = EPS ($0.30) x PE 5 = RM1.50.
Maybe it is reasonable to expect share price of about RM1.20 to RM1.50 (that is if you wait until end of 2018).

Posted by kancs3118 > 2017-08-27 13:01 | Report Abuse

Why I used the word "so-called" correction in property price?

I live in Penang Island and that even during the correction now in Penang's property market, high rise (1000 square feet condo) does not correct by more than 5% to 10%. Nowadays, property developers in Penang is trying to build affordable condo. But then, the price is still maintained at about $450K to $600K. This price bracket is deemed as affordable range. However, what we can see is that the square feet per condo has shrinked. A few years back, $550K condo is at about 1200 to 1300 sqft. But now, for the same price, the condo is at about 800 to 1000 sqft. So, even though price is maintained but there is a drop in the purchasing power. So, at least for Penang Island, property is still a very good storage of value.

But then, at the flip side of the coin, it maybe due to developers has formed a monopoly over a certain area and decided to collude and not to drop the price but to build smaller units. Who knows?

Posted by nemesis > 2017-08-27 19:21 | Report Abuse

Aha u guys talk so much also useles as its share price is not moving up at all....

Posted by Skng Keong > 2017-08-27 20:26 | Report Abuse

Talk more drop more....

Posted by Si Min Tan > 2017-08-27 20:51 | Report Abuse

kancs3118 thank you for your time and explanation. Tan Sri has proven his ability previously and I believe in him.

Posted by Alvinkua > 2017-08-28 08:45 | Report Abuse

Drop more buy more.......

Posted by nemesis > 2017-08-28 12:31 | Report Abuse

If today financial result came out, then 2molo price will fly high!!!

Posted by equitydiary > 2017-08-28 16:41 | Report Abuse

China buyers still keen on Malaysia: https://www.nst.com.my/property/2017/08/272135/china-buyers-still-keen-malaysia

Posted by kancs3118 > 2017-08-28 19:38 | Report Abuse

Tan Sri Azman Yahya told me that the quarterly results will either be released today or tomorrow.... Guaranteed !

Posted by nemesis > 2017-08-28 20:53 | Report Abuse

I m sadly disappointed what takes them so damn long to release the quarterly result?????

Posted by kancs3118 > 2017-08-28 22:00 | Report Abuse

@ nemesis, ...the delay is due to the high unbilled sales.. Too many zeros to put at the back......run out of printing space ....

Posted by equitydiary > 2017-08-28 22:21 | Report Abuse

I think it's because they need to hold a board meeting first before releasing.

Posted by equitydiary > 2017-08-28 22:25 | Report Abuse

Usually held same day as AGM since the directors are already there. But this time probably some directors were busy I guess.

Posted by kancs3118 > 2017-08-29 06:46 | Report Abuse

@ equity diary ..what is your opinion about Jakel Land S/B that SymLife has 33% in it ?

During the QnA session with Tan Sri, he mentioned that it is a JV between Jakel, PnB and SymLife to develop more than 5 acres of prime land at Ara Damansara....something like that .

Do you mind to share more information with us ?

Posted by equitydiary > 2017-08-29 08:45 | Report Abuse

He said Jakel Land S/B (Symlife, PNB, Jakel) acquired a governement land in Bukit Damansara that was tendered out. Located next to the Istana Negara and stretching all the way down to Jalan Semantan. Prime location. Plan is to develop it into high end development, though not in the near term. He didn't mention the size of the land.

Posted by equitydiary > 2017-08-29 08:49 | Report Abuse

Most likely it's this piece of land: https://www.theedgeproperty.com.my/content/mof-puts-prime-damansara-land-out-tender

Posted by kancs3118 > 2017-08-29 12:15 | Report Abuse

aiyoh...buy land next door neighbour is Istana Negara....later, Agong marah

Posted by hng33 > 2017-08-29 12:33 | Report Abuse

Symlife - very high earning visibility ensure positive growth profit for at least next 3 year + dividend 3sen + reap one off land disposal gain to be recognized in next q result

Posted by Alvinkua > 2017-08-29 13:23 | Report Abuse

Tan Sri said Jakel Land S/B shareholders are Symlife,PNB and Lembaga Tabung Haji. Am I right?

Posted by hng33 > 2017-08-29 14:10 | Report Abuse

The old island negara land also due for redevelopment in future.

Posted by CharlesT > 2017-08-29 14:25 | Report Abuse

Posted by hng33 > Aug 29, 2017 12:33 PM | Report Abuse

Symlife - very high earning visibility ensure positive growth profit for at least next 3 year + dividend 3sen + reap one off land disposal gain to be recognized in next q result

But some only want to make 2 to 3 cents handsome trading gain n free up capital....

Posted by StylicZ > 2017-08-29 17:48 | Report Abuse

qr out! +192.9%

Posted by kancs3118 > 2017-08-29 17:49 | Report Abuse

@ hng33, if the Istana Negara is due for redevelopment, then where all the aging gonna reside ?

Posted by hng33 > 2017-08-29 17:51 | Report Abuse

Excellent result just release, Q1 EPS 4.73sen

Posted by Si Min Tan > 2017-08-29 18:15 | Report Abuse

profit keeps up up up

Posted by nemesis > 2017-08-29 19:51 | Report Abuse

Tomorrow is last day for dividend entitlement...coupled with today's fantastic fin result, share price should rise at least 5 Sen tomorrow...Up Up Up!!!!

Posted by Alvinkua > 2017-08-29 21:37 | Report Abuse

https://www.facebook.com/STARRESIDENCESKLCCOFFICAL/videos/1435417543200563/

Posted by equitydiary > 2017-08-29 21:50 | Report Abuse

Good video on the construction progress. Thanks.

Posted by Alvinkua > 2017-08-29 21:54 | Report Abuse

Welcome :)