Posted by equitydiary > 2017-08-29 22:01 | Report Abuse

Star Residences contributions will come in strong from 2QFY18. 1QFY18 still so so only. Hold on tight to Symlife.

Posted by kancs3118 > 2017-08-29 22:26 | Report Abuse

Good news ...50% of the units in SynLife has been sold....

Posted by Si Min Tan > 2017-08-30 02:34 | Report Abuse

just realised the profit mainly is gain from disposal of a subsidiary company (9millions). if without this one-off profit, it is actually 4.29million profit instead of 13million?

Posted by nemesis > 2017-08-30 03:32 | Report Abuse

Whatever it is, it's still a profit...

Posted by kancs3118 > 2017-08-30 06:46 | Report Abuse

Good news everyone....50% of the units in Union Suites have been sold....

Posted by hng33 > 2017-08-30 17:48 | Report Abuse

Symlife wholly own development TWY is far lagging behind schedule. Although already fully sold for GDV 430m, BUT, the progress billing is extreme slow due to slow in building progress.

Unlike symlife JV in star residence, contractor Samsung is very professional, build at better fast progress, just a little behind schedule, so far already reach above 35% completion.

Posted by kancs3118 > 2017-08-30 17:57 | Report Abuse

@ nemesis, just asking....for TwY, what is the percentage of completion ?

Posted by kancs3118 > 2017-08-30 18:09 | Report Abuse

Interesting facts about TwY

http://www.c-arch.com.my/residential/twy-mont-kiara

Posted by kancs3118 > 2017-08-30 19:03 | Report Abuse

The C&S Engineers (construction and structural) Engineers is Jacob Engineering Group, a Fortune 500 list company. Hence, I don't think the project execution can be too shabby.

https://en.m.wikipedia.org/wiki/Jacobs_Engineering_Group

Posted by maxmax > 2017-08-31 08:29 | Report Abuse

slow due to transfer slab..................shoukd pickup if China contractor is GOOD

Posted by maxmax > 2017-09-01 08:44 | Report Abuse

to carry the building load above....will normally takes few weeks ...after that then start billing for the units..

Posted by kancs3118 > 2017-09-01 16:37 | Report Abuse

@ maxmax..don't understand lar....please explain in layman term

Posted by nemesis > 2017-09-02 16:27 | Report Abuse

No need to understand so much...No point dig in deep BUT share price stagnant....

Posted by kancs3118 > 2017-09-02 18:06 | Report Abuse

@ nemesis....but general trend is that the share price is heading north

Posted by nemesis > 2017-09-02 20:35 | Report Abuse

I don think it is heading north...It might go south below 0.85 after ex-dividend...operation profit is still very small nothing impressive yet fm the so called 1 billion unbilled sales...

Posted by darrenliew > 2017-09-03 11:46 | Report Abuse

THE HUGE UNBILLED SALES WAS NOT BOOKED AS REVENUES N PROFITS DUE TO LONGER TIME NEEDED FIR FOUNDATION WORKS FOR TALL BUILDINGS. AFTER THIS STAGE PRGRESSS WORKS WILL BE FAST. ANF UNBILLED SALES WILL BE QUICKER TO BE BOOKED AS REVENUES N PROFITS FROM NEXT Q ONWARDS.

Posted by nemesis > 2017-09-04 18:29 | Report Abuse

Anyway I have been waiting long for impressive qtr but none till now...price most likely to stay at current level..

Posted by equitydiary > 2017-09-07 10:28 | Report Abuse

http://equitydiary.blogspot.my/p/symlife-presentation-slides.html

Posted by kancs3118 > 2017-09-10 12:38 | Report Abuse

waiting for RM0.03 cents dividend in the bank account...

Posted by Alvinkua > 2017-09-11 13:38 | Report Abuse

Latest issue TheEdge weekly "Prime land near Istana Negara sold to Jakel Land"........with a view to build a mixed use development with a gross development value of RM5 billion to RM6 billion.

Posted by kancs3118 > 2017-09-11 16:39 | Report Abuse

@ Alkin Kua, mind to share the article??

Posted by Alvinkua > 2017-09-12 08:39 | Report Abuse

@kancs3118, I buy a hard copy. Sorry to say that I'm not a computer expert, don't know how to share. Or anyone can help?

Posted by equitydiary > 2017-09-12 16:42 | Report Abuse

Edge will upload on their website next Mon

Posted by equitydiary > 2017-09-12 16:47 | Report Abuse

It's alright, I'll take a snapshot and share the link here

Posted by equitydiary > 2017-09-12 23:00 | Report Abuse

http://equitydiary.blogspot.my/p/jakel-land-article.html

Posted by kancs3118 > 2017-09-13 07:19 | Report Abuse

@ equity diary, thanks alot . By the way, do you have the article in Focus Malaysia for Symphony Life ?

Posted by equitydiary > 2017-09-13 08:17 | Report Abuse

@kancs, I don't...

Posted by equitydiary > 2017-09-15 11:26 | Report Abuse

@kancs, perhaps you can sign up to read: http://fmtrial.focusmarketing.my/

Posted by azman123 > 2017-09-18 22:17 | Report Abuse

update from focusm 2 weeks ago
1. star res tower 1&2 (32% complete level 16/17)
2. twy 25% complete foundation level 1
3. ascott star residence
4. acquisition of 9ha sg long land by gov, price revised from rm15/sq feet to rm18/sq feet (gain 3M)
5. samling group (desapark city dev) have lands (242ha) adjacent to symlife's (161ha) --> interested for joint development

Posted by azman123 > 2017-09-18 22:21 | Report Abuse

next quarter should show superb results
1. contributions from star res
2. revision of land acquisition price
3. amanjaya completed gdv 70M (land bought in 1995) --> potential >7M profit

Posted by kancs3118 > 2017-09-19 06:38 | Report Abuse

Yahoo...tomorrow is dividend payment day

Posted by equitydiary > 2017-09-19 11:13 | Report Abuse

Ascott Star launch today at Star Residences show gallery, from 10.30am to 12.30pm

Posted by kancs3118 > 2017-09-19 16:47 | Report Abuse

@ equity diary.....how much is the price per square feet ? If not mistaken, it is like more than RM2700 per square feet...

Posted by Alvinkua > 2017-09-19 17:53 | Report Abuse

https://www.nst.com.my/property/2017/08/268923/alphine-gears-third-tower-project

Posted by Si Min Tan > 2017-09-19 18:00 | Report Abuse

Tower 1 is completely sold out and the take-up rate for Tower 2 stands at 90%, said Koh. “About 40% of the buyers in Tower 1 are from overseas, while the balance are local buyers. For Tower 2, the breakdown is around 50:50.”

Posted by Si Min Tan > 2017-09-19 18:03 | Report Abuse

so it means 353 units managed by Ascott is not sold?

"The signing ceremony marks an agreement entered by both parties to enable Ascott to manage 353 units in the tower with a 10-year contract, with the option for a further 10-year extension.The remaining 118 residences units, which are not managed by Ascott, shall be owned by property owners who can choose to stay "

Posted by azman123 > 2017-09-19 23:47 | Report Abuse

I think what they meant is they sell all units, but expect 2/3 to take up their leaseback option, where their units will be managed by ascott with 6-7% rental yield. Google what leaseback means. The advantage is it guarantees rental yield for 10 + 10 years, so expect take up rate to be good. 6-7% yield is high for overseas buyers from countries like Japan

Posted by azman123 > 2017-09-19 23:53 | Report Abuse

I can imagine tower 3 to be snapped up like hot cakes, kahkahkah.. but not sure buyers deal with ascott directly or it's through symlife

Posted by cctang22 > 2017-09-25 15:48 | Report Abuse

Hi all can I know will I still get my dividend if I sell off my shares now?

Posted by investor8888 > 2017-09-25 16:06 | Report Abuse

dividend alr bank in to yr saving acc last week.

Posted by investor8888 > 2017-09-25 16:07 | Report Abuse

last week 20th september alr paid. u may check yr bank acc.

Posted by cctang22 > 2017-09-25 16:19 | Report Abuse

I'm using Maybank online trading haven't get the dividend yet. Will check closely thanks

Posted by equitydiary > 2017-09-26 21:10 | Report Abuse

http://www.theedgemarkets.com/article/newsbreak-prime-land-near-istana-negara-sold-jakel-land

Posted by nemesis > 2017-09-27 02:15 | Report Abuse

it seems that Symlife is planning on yet another 5-6 bil property project near Istana Negara soon...Sg Long another 7-8 bil in the future...Tis should make Symlife a very profitable company for the next 10 yrs to come...3.00 is long term target price...

Posted by kancs3118 > 2017-09-27 18:38 | Report Abuse

SymLife is a JV king....I am quite surprised they can loop in PnB as a JV partner to co-develop the Jakel land. We cannot underestimate Tan Sri's cable. Concerning the Sungai Long land, the land cost is really cheap and it is going to be an RM8Billion township. Hence, from SymLife's past history and their relatively small balance sheet, they maybe doing another JV. Maybe they will loop in KWSP as a development partner. Hahaha.....SymLife = a small company with a BIG vision.

Posted by kancs3118 > 2017-09-27 18:43 | Report Abuse

http://www.symphonylife.my/wp-content/uploads/2017/09/AGM-2017-QA-Final.pdf

Posted by equitydiary > 2017-09-28 09:48 | Report Abuse

For Sg Long land, Symlife could partner with Samling Group's property arm Perdana ParkCity - the developer of the extremely successful Desa ParkCity township which was built on 400+ acres of quarry land. Samling has the expertise and experience in such a development.

Posted by kancs3118 > 2017-09-28 12:27 | Report Abuse

Hopefully,....

Posted by Roman Lee > 2017-09-28 13:08 | Report Abuse

bloody dirt cheap.

Posted by kancs3118 > 2017-09-28 17:44 | Report Abuse

@ equity diary. ...SymLife's balance sheet is not strong enough to develop the entire Sungai Long land alone....furthermore, at that time, SynLife will be developing the MAKSAK land + Jakel's land.

Hence, maybe you are right....that SymLife will partner with Samling and possibly rope in KWSP and PnB since these big boys have all the monies ....