a property project that is gaining traction at the Central Business District is Star Development, a mixed development comprising three towers of residential condominiums, and its retail segment – Star Boulevard, five blocks of retail units – at Jalan Yap Kwan Seng.
The project with a gross developmental value of RM2.2bil is undertaken by Alpine Return Sdn Bhd, a 50:50 joint venture between established property players Symphony Life Bhd (previously known as Bolton Bhd) and United Malayan Land Bhd (UM Land).
L&G PE 4.5 ROE 16 NTA 0.73 Share price 0.48 is 66% of NTA KSL PE 4.2 ROE 17 NTA 3.34 Share price 2.40 is 72% of NTA SYMLIFE PE 3.6 ROE 17 NTA 1.99 Share price 1.03 is 52% of NTA!
Difference between SYMLIFE compare to L&G and KSL is SYMLIFE has been overlooked and hasn't moved.
symlife debt level? ksl obviously runs out, l&g short of land in hand, $ earned have to retained for buying land (hopefully not masuk mayland sendiri punya pocket again)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sephiroth
14,145 posts
Posted by sephiroth > 2013-11-27 18:26 | Report Abuse
reported another GREAT profit, this counter really keep pouring $$$ into my pocket