Posted by darrenliew > 2017-11-25 10:12 | Report Abuse

Relevant points to cinsider.
Treated as new purchase. Land will niw be subjected to tax liability if sell now

Posted by RVI123 > 2017-11-25 15:27 | Report Abuse

greddym3, both Tan Sri and the shareholder shld be happy now. Profit is booked and land is still owned by Symlife.

Posted by RVI123 > 2017-11-25 15:39 | Report Abuse

hng33, thanks for clarification and relevant info. It is true that keeping development land for 9 years is quite common in property development.

Posted by azman123 > 2017-11-25 16:00 | Report Abuse

i can afford 10M. why not sell to me... I don't mind to invest that sum for a >1000% return in 10 years

Posted by equitydiary > 2017-11-25 22:04 | Report Abuse

https://issuu.com/propertyinsight/docs/ei_nov17

Posted by kancs3118 > 2017-11-26 13:08 | Report Abuse

@ equity diary - that article seems to me like a glorification of Alan Koo. However, it does mention that Tower 1 is already fully sold, Tower 2 is already more than 90% sold. Ascot Tower 3 should be a sell out by the end of 2018. Concerning the 5 storeys retail tower, they have appointed a specialist retail consultant to manage. It seems they are very optimistic to pull in big international brands. Last I heard, Madamme Tussad has opened shop here.

Posted by kancs3118 > 2017-11-26 13:08 | Report Abuse

anyone care to dig up what is the latest take up rate (snp signed) for Union Suites?

Posted by kancs3118 > 2017-11-27 11:43 | Report Abuse

This week, SymLife gonna release the quarterly results liaw...

Posted by hng33 > 2017-11-27 15:21 | Report Abuse

Added last batch symlife at 80sen

Posted by kancs3118 > 2017-11-27 22:44 | Report Abuse

tak sabar sabar tunggu quaryerly results

Posted by hng33 > 2017-11-28 17:50 | Report Abuse

Disappointed result again....union suite take rate 50%, but only 15% translate into actual sales!?

Posted by Si Min Tan > 2017-11-28 18:03 | Report Abuse

It seems Star residence can't save the result also. with only Union Suites is launched recently, the future of earning is concerned.

Posted by nemesis > 2017-11-28 18:38 | Report Abuse

Total unbilled sales still strong at 975 mil which should contribute strongly to future earning..

Posted by azman123 > 2017-11-28 18:39 | Report Abuse

why the unbilled sales is still the same at ~1 billion? how and when to realize it?
and what is the difference between "take up rate" and "sales"? why different at 50% and 15%? need to wait so long to sign snp?

Posted by azman123 > 2017-11-28 18:42 | Report Abuse

every QR also say ~ 1billion unbilled sales, but results say otherwise. dunno true or not

Posted by Alvinkua > 2017-11-28 18:59 | Report Abuse

https://www.facebook.com/STARRESIDENCESKLCCOFFICAL/videos/1516019058473744/

Posted by hng33 > 2017-11-28 19:13 | Report Abuse

Thanks for,updating the latest progress in star residence, tower 1 almost reach 40%'completion, tower 2 around 35%.

Portfolio will keep all stake for another q to wanna to see the ACTUAL and bigger profit recognition from star residence. Current share price alrdy largely depress, and price in,

Remark. Since portfolio unlikely to buy star residence unit which cost more than 1 million, portfolio opt to invest in star residence project owner instead, symlife , hope, next q won disappoint again. Portfolio average holding cost now stand around 86+ sen .

Posted by azman123 > 2017-11-28 19:50 | Report Abuse

Any update for twy?

Posted by greddym3 > 2017-11-28 21:06 | Report Abuse

Last 2 week twy progress at 2nd to 3rd residence floor

Posted by greddym3 > 2017-11-28 21:09 | Report Abuse

Star progress video released after q result out to comfort shareholders hehe

Posted by hng33 > 2017-11-28 21:38 | Report Abuse

I suspect, may be Star residence progress is faster than the speed of bank release progress billing, resulted delay in profit recognition. Perhaps Bank need more time to release payment to developer, assure stage of development and confirm and acknowledge by certified bank valuer? If not, how can with such high % completion in tower 1 (40%); tower 2 (35% ); and tower 3 ( 25%) and signature retail ( 56%) only can recognized such small profit?

Posted by kancs3118 > 2017-11-28 23:21 | Report Abuse

For Union Suites, honestly I felt disappointed that they only managed to sell 15% of total GDV. However, we need to read carefully as mgmt opens 50% of the units for sale.

Posted by azman123 > 2017-11-28 23:54 | Report Abuse

Star video is progress up to nov? QR up to sept?

Posted by azman123 > 2017-11-28 23:56 | Report Abuse

Twy so slow. Only 2 lvl? Apa la..

Posted by kancs3118 > 2017-11-29 07:46 | Report Abuse

The annual report states that about 80% of Tower 2 was sold. But now, the quarterly report states 75% was sold. So, it is possible that 5% has dropped off.

Posted by SALAM > 2017-11-29 08:53 | Report Abuse

The optimists are too optimistic...Miscalculation liau...

Posted by azman123 > 2017-11-29 09:20 | Report Abuse

Many insiders knew the results and sold before QR. must report to sc

Posted by hng33 > 2017-11-29 09:34 | Report Abuse

Change mind, cut loss all at 78-79sen, free up capital first

Posted by equitydiary > 2017-11-29 09:58 | Report Abuse

In the income statement, contributions from Star Residences is under "Share of results of associates and jointly controlled entities"

2QFY18: RM9.045m
1QFY18: RM7.052m
4QFY17: RM5.546m

Showing steady improvements. Waiting for the big jump.

Posted by hng33 > 2017-11-29 10:16 | Report Abuse

Portfolio force to cut loss all symlife since still need to wait another q at least to seebig jump in profit from satr residence. Cut loss to free up capital, swap to iwcity to try to recoup back loss, will come back to symlife later

Posted by kancs3118 > 2017-11-29 11:19 | Report Abuse

@ equity diary taiko....I am quite worried about Union Suites....can you helo to research about it ? Sales of 15% of total GDV is quite disappointing ...

Posted by hng33 > 2017-11-29 13:50 | Report Abuse

Recently too news pop up about property glut, depress potential buyer

High-end property in ‘a bit of a glut’ — MBSB
http://www.theedgemarkets.com/article/highend-property-bit-glut-%E2%80...-0

THEIR RICE BOWLS HIT. REAL ESTATE AGENTS CALL FOR ‘MORE NUANCED VIEW’ OF PROPERTY MARKET
http://www.malaysia-chronicle.com/their-rice-bowls-hit-real-estate-age...

Moody's warns against growing Malaysian property oversupply
http://www.scmp.com/property/article/2121832/moodys-warns-against-grow...

Moody's expects decline in property prices due to supply overhang
https://www.thestar.com.my/business/business-news/2017/11/27/moodys-ex...

About RM35.5b in unsold, unutilised properties in Malaysia
https://www.thestar.com.my/business/business-news/2017/11/23/about-rm3...

Posted by hng33 > 2017-11-29 13:51 | Report Abuse

https://www.propertyguru.com.my/property-news/2017/11/164812/interest-rates-expected-to-take-a-hike-in-january-2018

Posted by azman123 > 2017-11-29 14:49 | Report Abuse

LOL... hng33 highlighting the known facts
waiting to buy back lower. nice and cheap tactic

Posted by hng33 > 2017-11-29 17:22 | Report Abuse

Portfolio incur about -10% loss today on symlife. Its one of the worse stock perform in portfolio. Very disappointed with symlife.....

However, portfolio wish to target to return back before next Q result release next year to capitalize on star residence profit hopefully it indeed can deliver high expectation profit on star residence instead of just less than 10 million now.

Bear in mind, without star residence profit, symlife even incur loss in these q result.

Thus, star residence is the only bright spot in symlife as it already almost 100% sold (someone mention tower 3 also sold out). Star residence have such high GDV is RM 3 billion, 50% stake have GDV 1.5 billion, profit margin 20%, symlife theoretically should be able to deliver at least RM 100m per year at least

Nonetheless, portfolio already cut loss all symlife share, will no comment anymore here onward until portfolio buyback later. Thanks

Posted by nemesis > 2017-11-29 18:14 | Report Abuse

Symlife management just know how to shout about their 1 bil unbilled sales only but till now I haven't seen any profit contribution fm it...really lousy company...talk only but lousy profit...

Posted by azman123 > 2017-11-29 18:17 | Report Abuse

yaya. bad company. damn many insiders too. sell high before QR, buy low after QR
already reported to SC

Posted by Newin > 2017-11-29 20:25 | Report Abuse

hng33, it's not easy to make a cut loss decision due to unexpected situation.
Hope you win more back next round.

Posted by azman123 > 2017-12-07 18:03 | Report Abuse

rubbish stock. sell

Posted by azman123 > 2017-12-07 18:03 | Report Abuse

no more ppl telling stories here

Posted by azman123 > 2017-12-19 12:41 | Report Abuse

hello.. anybody at home? ding dong.....

Posted by azman123 > 2017-12-21 15:52 | Report Abuse

hello again.. anybody home? looks like a dead counter already... anyone still holding?

Posted by azman123 > 2017-12-21 15:57 | Report Abuse

everyday the operator play by himself. left hand to right hand, and sell a few lots to the second lowest buy queue to bring down the price...

Posted by azman123 > 2017-12-22 09:00 | Report Abuse

hello again and again... everyone gave up already? apa macam ni.. skalang 1/3 NTA only... can bet or not?

Posted by nemesis > 2017-12-24 11:59 | Report Abuse

It is a good time to load more now...Symlife still have 975 mil of unbilled sales which will sustain earnings for the next 3 yrs to come...Symlife surely wont launch anymore high end products due to current tough property slump...Sungai Long is what we are waiting for as Symlife will move towards affordable development...even without any new launches next yr, its 975 mil unbilled sales is more than enough to maintain profitability...

Posted by azman123 > 2017-12-26 09:17 | Report Abuse

but operator still in accumulation mode....

Posted by RVI123 > 2018-01-04 11:37 | Report Abuse

2018 will be a good year for Symlife. Sungai Long Interchange of EKVE exact location which lies in Symlife land has been finalised. Symlife will start to launch its first project of this 400 acres development in the later part of this year.

Posted by nemesis > 2018-01-04 22:18 | Report Abuse

1 bil unbilled sales for a small cap stock like Symlife is rare...not many small company could do tat...We still haven reach the qtr where it reflects a huge contribution fm the 1 bil unbilled sales...It could be next qtr...we just need to be prepared for sudden upside of Symlife...it is a hibernating lion... ready to roar anytime!!!

Posted by RVI123 > 2018-01-08 17:57 | Report Abuse

Sales are recognised progressively and this is especially true for highrise development. The two major developments, Star Residence and Twy are progressing well. Profit recognitions will increase for the coming quarters.

Posted by azman123 > 2018-01-09 14:16 | Report Abuse

the price needs to break 0.78 convincingly to see any good shows