Posted by nemesis > 2017-09-28 18:18 | Report Abuse

Now I m afraid they might do cash call Right Issue to fund big project like the coming Sg Long Dev...I will suscribe to their right issue if they exercise it as I trust in their strong management team...

Posted by equitydiary > 2017-09-28 19:56 | Report Abuse

At last month's AGM, TS Azman Yahya said he doesn't want to do that to us shareholders (which includes himself) , i.e. undertake a rights issue.

Posted by nemesis > 2017-09-28 22:09 | Report Abuse

Then how is Symlife gonna get big funding to develop big project since it's gearing is quite high...

Posted by kancs3118 > 2017-09-28 22:37 | Report Abuse

Through JV lar.....my conservative calculation shows that SynLifw will stand to profit about RM300M from Star

Posted by equitydiary > 2017-09-29 08:56 | Report Abuse

Yes, management said Symlife will see net profit of around RM300m from Star Residences, because good net profit margins of at least 20% due to low land cost.

Posted by nemesis > 2017-09-29 10:58 | Report Abuse

Are you sure guys? Tat is going to be 97 Sen EPS in total...for a small cap stock like Symlife, it is a gigantic profit but YET it's qtr to qtr fin result never reflect tat...I m skeptical now...

Posted by equitydiary > 2017-09-29 13:45 | Report Abuse

Yup, more like RM1.06 (EPS is calculated based on shares outstanding which is 282 mil)

Profit didn't reflect strongly in previous quarters because of they were busy constructing the foundation, followed by car park floors (6 levels of car park floors below ground floor and another 5 levels above ground).

Apartments units are built from level 7 onwards. From here is where profit recognition flows in stronger.

Posted by kancs3118 > 2017-09-30 15:01 | Report Abuse

@ equitydiary ....please help to audit my reasoning on why SymLife shares should be valued at RM1.20 to RM1.60.

Assuming that SymLife only have got 1 project which is Star (we exclude TwY and Union Suites)

Profit from Star Resi attributable to SymLife RM300M
Here, I do not water down the RM300M given that revenue recognition from Star is immaterial for FY2017.

divided by 3 years - from 2018 to 2020 (3 years inclusive) - given that Star will be completed by the end of 2020
Profit a year of about RM100M
Divided by Shares Outstanding 282M
EPS = circa RM0.35

Assuming if PE= 4
Hence, share price should be about RM1.40

Hence, it is reasonable to expect about RM1.20 to RM1.60

Posted by kancs3118 > 2017-09-30 15:02 | Report Abuse

just called the sales gallery for Union Suites - the sales take up rate is about 70% out of which they managed to convert 80% to confirmed sales - confirmed signed snp without cancellation.

Hence, actual confirmed sales = 70% x 80% = 56% - not bad. Hence, Union Suites is already half sold.

Posted by nemesis > 2017-09-30 20:55 | Report Abuse

Kancil 1.60 is for short term target price...Long term target price should be 2.50-3.00 after factor in Jakel land development...

Posted by nemesis > 2017-09-30 20:55 | Report Abuse

Bonus Issue is a sure coming exercise.

Posted by nemesis > 2017-09-30 20:55 | Report Abuse

Get ready

Posted by equitydiary > 2017-10-01 15:36 | Report Abuse

@kancs, your reasoning is sound to me my friend. 4x PE is a conservative and safe assumption.

I'm expecting a higher PE valuation of at least 6x because the market will start to rerate the stock once a company continues to post a positive earnings trend. Following will pick up in time as more people start looking into Symlife. Now still pretty much under the radar, that's why share price hasn't reflected the prospects as most don't know of the ongoing/potential developments.

On Union Suites, that's great news. Thanks for the update!

Posted by kancs3118 > 2017-10-01 17:36 | Report Abuse

@ Equity diary...however, we should not forget that the property sector is really slow now...hence, we should not be overly optimistic...

Hopefully, Union Suites will hit 80% sold status by end of this year .....sold as in no cancellation and SnP signed...

Posted by equitydiary > 2017-10-01 20:49 | Report Abuse

Agreed. I believe property market will improve from here on. The downcycle has played out its part, just waiting for sector upcycle to start. Hopefully will coincide with Symlife earnings upcycle too then will have a major rerating

Posted by equitydiary > 2017-10-01 20:51 | Report Abuse

http://www.freemalaysiatoday.com/category/nation/2017/09/27/property-market-on-uptrend-says-expert/

Posted by equitydiary > 2017-10-01 20:51 | Report Abuse

Hopefully...

Posted by kudamuda > 2017-10-04 10:37 | Report Abuse

http://www.symphonylife.my/project/symphony-square/ this one can give any positive contribution?

Posted by azman123 > 2017-10-05 16:02 | Report Abuse

maybe reit coming. ascott residence, wharf mall, symphony square
integrated reit - hospitality, retail, office
this kinda price is cheap cheap super cheap

Posted by azman123 > 2017-10-05 16:03 | Report Abuse

buy now maybe later can get reit shares for freeeee hahaha

Posted by nemesis > 2017-10-05 20:51 | Report Abuse

Let's buy....

Posted by kancs3118 > 2017-10-05 20:53 | Report Abuse

@ Azman,
Symlife has got Langkawi Shopping Mall (the only major mall in Langkawi).
Thereafter, it has got The Wharf Mall (which is currently under approval stage) and Symphony Square.

Hence, SymLife has got about 3 investment properties. So, having a mini REIT is not a far fetched idea...

Posted by azman123 > 2017-10-06 00:04 | Report Abuse

of course, look at these prime locations. ascott beside klcc and symphony square in bustling pj area. don't play play. ksl more than double its share price when it completed its investment properties ksl mall and the resorts many years ago

Posted by azman123 > 2017-10-06 00:08 | Report Abuse

ksl properties mostly in jb. symlife's mostly in kl and pj. hahaha

Posted by equitydiary > 2017-10-06 09:16 | Report Abuse

Symlife is looking to sell its Langkawi Shopping Mall, as highlighted during AGM.

Some unlocking of value if it manages to do so. Net book value RM31.2mil. Fair value RM51.2mil as at 31 Mar 2017 (note 18 on pg 120 of annual report 2017).

Posted by kancs3118 > 2017-10-06 11:19 | Report Abuse

I rather they don't sell this shopping mall...just refurbished it and then keep for rental income ...or probably create a REIT and sell it to their REIT and cash out....whilst maintaining control.l via the REIT

Posted by equitydiary > 2017-10-06 11:35 | Report Abuse

Sell to a REIT possible. Set up one themselves unlikely.

Posted by azman123 > 2017-10-06 17:09 | Report Abuse

why unlikely?

Posted by kancs3118 > 2017-10-06 17:22 | Report Abuse

Must be due to the required size of the REIT and other regulatory requirements...

Posted by hng33 > 2017-10-13 18:21 | Report Abuse

Symlife force to buyback again it cheras land due to inability to seal the disposal, need to make reversal gain -RM 8.1m incur in previous quarter Q1 result and make compensation to RM 300,000 + absorb legal cost RM30,000.

The cheras land although have high potential in future but it now tight with very long lease which need more than 10year before it can recoup back the land.

Hope symlife can deliver higher profit to offset these reversal gain in coming quarter

Posted by kancs3118 > 2017-10-13 20:16 | Report Abuse

Tesco is an asshole...

Posted by Si Min Tan > 2017-10-13 20:31 | Report Abuse

Tesco refused to move out? Symlife offers anything to tesco?

Posted by kancs3118 > 2017-10-16 06:58 | Report Abuse

https://www.nst.com.my/business/2017/09/281619/alpine-return-ascott-launch-ascott-star-klcc

Posted by kancs3118 > 2017-10-17 18:39 | Report Abuse

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

Posted by equitydiary > 2017-10-18 00:00 | Report Abuse

https://www.nst.com.my/property/2017/10/290217/ringgit-boon-malaysian-market

Posted by equitydiary > 2017-10-31 17:39 | Report Abuse

http://star-residences.com/assets/img/news/starnews-04.pdf

(http://star-residences.com/news.php)

Posted by Alvinkua > 2017-10-31 18:59 | Report Abuse

https://www.facebook.com/STARRESIDENCESKLCCOFFICAL/videos/1490033281072322/

Posted by kancs3118 > 2017-11-01 12:35 | Report Abuse

@ equity diary - thanks for sharing the article. Good news is that the percentage of completion = 35%. We will soon see superb earnings growth in the coming quarters. My reading is that mid 2018 will see SymLife experiencing explosive growth. Perhaps Tan Sri will market his company to the big boys at the end of 2018/ 2019?

Posted by azman123 > 2017-11-01 13:05 | Report Abuse

thanks for the update peeps. that's really fast. three months ago tower 1 & 2 at level 16/17
now tower 1 at level 28, tower 2 at level 24, tower 3 at level 17
looking forward to the spectacular results for the coming quarters!!

Posted by kancs3118 > 2017-11-01 15:16 | Report Abuse

@ Azman123, per my friend's input (a qualified civil engineer), normally after the foundations work/ basement work - the construction of high rise will move into high gear - it is stacking up one floor on top of another floor and this occurs at a very high speed. With faster construction, progressive billings kicked in and then we can see explosive results in the coming quarters.

Posted by Si Min Tan > 2017-11-01 20:53 | Report Abuse

@kancs3118, meaning RT1 and 2 already contribute a lot, but RT 3 has to wait until basement and car parks completed only will contribute significantly?

Posted by nemesis > 2017-11-02 15:00 | Report Abuse

Haha talk and analyse so much also no use...construction build till which floor also irrelevant when the share price just don wanna move n stagnant.

Posted by nemesis > 2017-11-02 15:00 | Report Abuse

Another lousy stock...

Posted by nemesis > 2017-11-03 10:32 | Report Abuse

Hey guys why Symlife falling so steep today...down to 0.81 now...is something wrong or it might be taken private...it is quite worrying

Posted by nemesis > 2017-11-03 10:33 | Report Abuse

Someone is hammering down the price

Posted by siam8888 > 2017-11-03 16:57 | Report Abuse

Something wrong in this company

Posted by hng33 > 2017-11-06 15:22 | Report Abuse

bought symlife at 80-80.5sen

Posted by kancs3118 > 2017-11-06 15:37 | Report Abuse

Hng33 is a real opportunist

Posted by hng33 > 2017-11-07 20:53 | Report Abuse

Symlife currently have about RM 1.0 billion unbilled sale including star residence. Majority of these unbilled sale now have reached progressing billing 20-30% level, therefore, profit recognition onward will be speed up.

Posted by hng33 > 2017-11-08 10:50 | Report Abuse

Take note that star residence only reach 12% progress billing up to last q ending 30 June. But progressing billing have speed up massively to up to 30% progressing billing now.