Posted by RVI123 > 2018-10-04 17:12 | Report Abuse

Symlife-WB exercise price will be revised downwards. Anyone knows how to calculate?

Posted by RVI123 > 2018-10-04 17:15 | Report Abuse

Twy Mont Kiara main contractor was terminated. It will cause losses to Symlife. LAD need to be paid to the buyers for late delivery.

Posted by RVI123 > 2018-10-04 18:04 | Report Abuse

Announced already. Exercise price is revised to RM0.79 per share.

Posted by melanie181818 > 2018-10-05 12:53 | Report Abuse

If symlife closes 0.50 on the 12th, it'll become 0.425 on the 15th, the OR will be listed on the 18th at 0.075, remember to sell ASAP if you'll not subscribe. Only 5 days to trade OR. If you don't subscribe after OR cease trading, you lose 0.075. On 18th, OR very likely close below 0.06. Better apply excess, no need buy from open market. Symlife really a rubbish stock

Posted by azman123 > 2018-10-06 17:21 | Report Abuse

Yes, expect price to go to 0.35 after new shares are listed. Those who got cheap from applying excess or cheap rights, will dump to realize gains.

Posted by kancs3118 > 2018-10-08 06:42 | Report Abuse

Hi all; anyone has any updates about Star Residences SR Tower 3 - the one they launched in partnership with Ascott ?

Posted by kancs3118 > 2018-10-08 06:43 | Report Abuse

What is the sales take up rate like ? In the quarterly report, it is announced that sales is encouraging but then, there is no numbers to back them up.

Posted by RVI123 > 2018-10-08 10:13 | Report Abuse

nemesis@, what is your view on Symlife? I realise that you know a lot about the company.

Posted by nemesis > 2018-10-08 12:32 | Report Abuse

RV123...tis Right Issue is a good opportunity to increase Ur participation in Symlife future tremendous growth...Tan Sri Azman is keen to strengthen his grip on tis company fm 22% to above 35% and will emerge single largest Shareholder of Symlife...BUT the risk is what will the take up rate for its future launches gives most of its properties are more to medium to high end property...its 935 mil unbilled sales will provide earning visibility for the next 3 yrs but its bank borrowings or debts remain at all time high even after Right Issue...On the Bright side they have jewel in the crown Sg Long n Lembah Ledang project tat has a combined GDV of at least 14 bil...But again how are they going to fund these projects since they have a tight balance sheet...Another coming Right Issue in the future or another slash in dividend due to poor cashflow??? Hope you make a good choice...time will tell

Posted by RVI123 > 2018-10-08 14:03 | Report Abuse

@nemesis, how is Tan Sri able to increase the shareholdings to 35%? Hoping others not taking up their rights and some excess goes to him?

Posted by RVI123 > 2018-10-08 14:24 | Report Abuse

@nemesis, any news on Sungai Long project? When will be the first launch?

Posted by kancs3118 > 2018-10-08 18:02 | Report Abuse

Forget about the Sungai Long land. Despite its much paraded $8B township, until today there is no emergence of a partner who is willing to finance the development of this $8B mega project. SymLife’s balance sheet is just too small to go at it alone. Perhaps they are trying to rope in Tabung Haji? Maybe that is why Tabung Haji emerged as a significant shareholder? But it is all just pure conjectures / speculations – my guess is as good as yours – at this moment. The next big thing here after Star Residences is really the $7B GDV Lembah Ledang project. This one has a more proper story to tell. We have got both Jakel (33%) and PNB (33%) to co-develop Lembah Ledang and they are now planning the development of this Lembah Ledang project. Inside the annual report, there is no mentioning of Sungai Long. Probably, it is something for Tan Sri to sell if the company runs into further liquidity problems.

Actually, I am abit pissed with this rights issue as it destroy shareholder’s wealth. In terms of the monies/ funds being raised – this is more like a bridging “loan” from the shareholders to tide SymLife over unexpected shortfalls in their financing. $60M is not much of a rights issue. But the share price is battered like Fxxx!. I believe someone is purposely trying to depress this share price so that the OR can be sold cheaply. It is interesting to note who is going to take up the excess for this rights issue. Another objective is already mentioned by nemesis – to let Tan Sri has a stronger grip on SymLife.

Moving forward – SymLife’s fortune is very much determined by
- Star Residences – Tower 3 (in partnership with Ascott Residences). Personally, I am not worried about Star Residences because the project has already more or less break even. I remembered someone told me Tower 3 is their pure profit as all costs are covered by Tower 1 and 2 and the Star Retail. Hence, by clocking in at $2450 per sqf and roping in Ascott, Tan Sri is trying to make it big. But then, the market appetite for high priced property sucks!
- Union Suites…from the quarterly reports, 50% of the units available for sales has been taken up. Well – hopefully, this project progress well.
- Same goes to their Tijani Raja Dewa.

Hopefully, the property market will recover in the next few years.

Posted by nemesis > 2018-10-08 19:56 | Report Abuse

RV...exactly...tat is why he pressed down the price to all time so tat you will panic sell all Ur shares to him to increase his control on the company...22% holding of Symlife by Tan Sri will only exposed the company of hostile takeover...After he increased his holding to at least 35%,it is hard for other predator to take over Symlife...it will test Ur patience when it goes even lower...

Posted by nemesis > 2018-10-08 20:04 | Report Abuse

Now the most important question is property overhang will get worsen as recession is coming...So be careful of company tat has high gearing even though they are profitable...High borrowings can kill a company during recession...Right Issue is never never never never never a good sign in all market condition...A good company will never ask extra money from shareholders...Right Issue to repay debts is the worst of All as it brings no benefits to us...

Posted by RVI123 > 2018-10-09 01:48 | Report Abuse

Thanks, nemesis and kancs3118.

Posted by kancs3118 > 2018-10-09 09:47 | Report Abuse

@ nemesis... SymLife has got high gearin- about RM350M debt....but then, this high gearing is offset by the high unbilled sales circa RM900M.

So, in those sense, SymLife is safe as the unbilled sales is 3 times coverage of the debt.

I think the RM60M raised is just to cover for shortfall in cash.

My main concern for SymLife is that they have a lot of projects in the pipeline that they want to launch and the timing now is really bad. Market for properties is really soft.

Posted by kancs3118 > 2018-10-09 09:48 | Report Abuse

Recognising this, tan Sri did mention that they want to replan their product launches ...to make the units more efficient (i.e.; smaller) and hence, more affordable. This is in line with the housing market trend now which is more towards affordable housing...

Posted by kancs3118 > 2018-10-09 09:52 | Report Abuse

If things turn really nasty, I believe they may resort to selling a part of the Sungai Long land...it is just sitting there ...idle....

I don't think they will sell the Langkawi shopping mall because this is generating recurring cash flows....

Posted by kancs3118 > 2018-10-09 09:56 | Report Abuse

Actually, Tan Sri style is JV style..major projects are all JV ...
Star Residences JV with UMLand....
Lembah Ledang JV with Jakel and PNB...
Sabah Signal Hill...JV with land owner....

I am just wondering, if they wanna develop Sungai long, who they will JV with? Tabung Haji??

Posted by melanie181818 > 2018-10-09 10:06 | Report Abuse

No light at the end of tunnel. Lucky I cut loss and switched to maybank and cimb months ago. Now recovered my capital. Initially was thinking of buying OR or applying excess. Now a bit hesitant, especially with the problem with twy. Remember 935m unbilled and 430m plus comes from twy. Star only contributes about 500m of it now. Only tower 3 left, but managemen dare not provide exact figures about the sales.. many problems.. impending lawsuits coming due to delay in twy, sg long land depreciates everyday, tight cash flow even after rights, possibly zero dividend this year, property hangover nationwide, possible recession etc. seems better to just move on

Posted by nemesis > 2018-10-09 10:10 | Report Abuse

Switch to MKland...Tun Mahathir BFF...

Posted by RVI123 > 2018-10-09 22:47 | Report Abuse

Poor management. They awarded the job to a non-performing main contractor. Very funny, why award the project to an inexperienced and financially weak contractor? Who made the decision?

Posted by kancs3118 > 2018-10-10 06:36 | Report Abuse

The contractor for TwY is Top International Engineering...a top 500 Chinese company....for Chinese contractors ..building a to storey condo is chicken shit to them....don't know why they cannot perform.

Maybe SymLife squeezes them or underpay them ?

Posted by dompeilee > 2018-10-17 18:11 | Report Abuse

Before rights issue already tumble like a rock...fortunately I sold off my last shares from 86-100c last yr...

Posted by RVI123 > 2018-10-18 10:00 | Report Abuse

@kancs3118, it depends on Top International Engineering's commitment to the job. Top accepted the contract meant they agreed to the price, completion period and all the terms and conditions in the contract.

Posted by Investhor > 2018-10-18 13:58 | Report Abuse

https://klse.i3investor.com/blogs/InvesthorsHammer/178757.jsp

Posted by jakar > 2018-10-18 15:10 | Report Abuse

just bought for mid or long term investment.

Posted by melanie181818 > 2018-10-23 11:40 | Report Abuse

No more buy queue for OR
Gone case, undersubscribe for sure
Definitely can get excess if you want, but share price 0.35, maybe drop further
Then nobody's going to subscribe, buy from open market is cheaper

Posted by Whateverthisis > 2018-10-24 22:30 | Report Abuse

Anyone know why suddenly symlife shares comes with another symlife-or? Anything I should do about the right issue announcement??

Posted by lwyy60 > 2018-10-25 12:12 | Report Abuse

u just need to subcribe it or sell da symlife or to the market. if time pass, u Not subcribe it. it will be b wasted.

Posted by gloeee > 2018-10-25 12:58 | Report Abuse

would not trust that this company can. All talk but very little experience from board in property. More a corporate raider killing off minority shareholders. Property market also toppish and since Tan Sri takover very little done despite good market for property. Now slow down they may be over borrow.

Posted by gloeee > 2018-10-25 13:04 | Report Abuse

Never good when company main purpose for rights is too pay bank borrowings. means they over borrowed?

Posted by geraldt9 > 2018-11-10 09:19 | Report Abuse

yes, bad decision ' cover up ' at the expense of investors..

Posted by ivan9511 > 2018-11-29 14:23 | Report Abuse

1. Nta from all the way up to 2.43 near 2.5
Net profit all the way improve seem the best property result among all same level company ex uems ytlland , tambun
symlife net p is 16,251 5.76 epd 5.76 I think is the King of same level company

So I feel the big boss is very happy to private st now only 36sen
sincae nta 2.43
Can they private at 2 ringgit ?



28 Nov 2018 31 Mar 2019 2 30 Sep 2018 21,805 12,420 16,251 5.76 0.00 2.430 Malaysia Stock - KLSE Quarter Report History 284%
28 Aug 2018 31 Mar 2019 1 30 Jun 2018 41,981 16,664 15,409 5.46 0.00 2.370 Malaysia Stock - KLSE Quarter Report History 16%
30 May 2018 31 Mar 2018 4 31 Mar 2018 25,006 6,721 3,808 1.35 0.00 2.250 Malaysia Stock - KLSE Quarter Report History 64%
28 Feb 2018 31 Mar 2018 3 31 Dec 2017 30,462 13,662 11,788 4.18 0.00 2.240 Malaysia Stock - KLSE Quarter Report History 18%
28 Nov 2017 31 Mar 2018 2 30 Sep 2017 30,623 3,949 4,233 1.50 0.00 2.190 Malaysia Stock - KLSE Quarter Report History 34%
29 Aug 2017 31 Mar 2018 1 30 Jun 2017 36,865 13,636 13,328 4.73 0.00 2.210 Malaysia Stock - KLSE Quarter Report History 193%
24 May 2017 31 Mar 2017 4 31 Mar 2017 51,949 6,682 10,689 3.79 0.03 2.160 Malaysia Stock - KLSE Quarter Report History 70%
27 Feb 2017 31 Mar 2017 3 31 Dec 2016 62,739 12,517 10,005 3.55 0.00 2.120 Malaysia Stock - KLSE Quarter Report History 398%
22 Nov 2016 31 Mar 2017 2 30 Sep 2016 69,838 9,079 6,428 2.28 0.00 2.090 Malaysia Stock - KLSE Quarter Report History 206%
25 Aug 2016 31 Mar 2017 1 30 Jun 2016 47,488 5,339 4,551 1.61 0.00 2.080 Malaysia Stock - KLSE Quarter Report History 123%
26 May 2016 31 Mar 2016 4 31 Mar 2016 40,187 9,861 6,300 2.23 2.00 2.070 Malaysia Stock - KLSE Quarter Report History 224%
25 Feb 2016 31 Mar 2016 3 31 Dec 2015 38,828 2,698 2,010 0.71 0.00 2.080 Malaysia Stock - KLSE Quarter Report History 69%
1 2 3 4




Nta

Posted by nemesis > 2018-11-30 11:58 | Report Abuse

The NTA is not 2.43...After adjust to the Right Issue the new NTA should be ard 1.20 only...it is not updated yet...will reflect later soon the new NTA

Posted by FAIRnREASONABLE > 2018-12-02 01:10 | Report Abuse

New NTA should be calculated as (2.43+0.35)/2 = 1.39

Posted by ivan9511 > 2018-12-03 21:57 | Report Abuse

Hi members thanks for point out .
Thanks
Sorry I did not see symlife anymore.
After see qr so good I just hold my symlife and ignore it for 1 year because I have too many counter
Same as genting also buy from last week then I ignore it just see qr only no see i3.
I confidence on symlife more than any property counter.

Posted by melanie181818 > 2018-12-05 11:52 | Report Abuse

Forget about Nta, many other properties also hugely discounted against Nta. Current pe is around 7, not cheap. Others pe3 or 4. Profits from star is already priced in, else it would be <0.30. Forward pe not likely better. Twy delay and compensation, star 3 not likely doing well --> dare not disclose the take up rate. Current 830m unbilled, 500m from twy, so only 300m from star. Profit margin 10% so 30m/600m shares, so expect another 5 cents profit from star

Posted by melanie181818 > 2018-12-05 14:45 | Report Abuse

checked the Qr report. Even good profits also cannot move the price because ald priced in and most importantly it failed to replenish the unbilled sales. Star and twy expected completion June 2019. So star ald in advanced stage, twy for sure delay. Sales of star3 sure koyak, if not sure ad disclosed take up rate and the unbilled sales will not fall 100m. They'll get 9m ++ from the main contractor of twy. But sure not enough to compensate. In the end, 500m unbilled sales don't know still can profit or not. If you think sales of luxury condo can pick up in 2 or 3 quarters, then now Symlife is cheap. Else you should just cut loss and move on, because by then, symlife will fall further to 0.1x to 0.2x. The earnings of the next 2 qr should still support the share price at 0.3x. Sincere advise. Property agents are desperately chasing after me to buy properties with lots of freebies. Coincidentally also near sunway and klcc

Posted by tjhldg > 2019-01-16 23:41 | Report Abuse

:)

Posted by hng33 > 2019-02-12 09:08 | Report Abuse

bought symlife at 38.5sen

Posted by hng33 > 2019-02-12 09:35 | Report Abuse

Add more at 39sen

Posted by hng33 > 2019-02-13 11:56 | Report Abuse

Construction progress for star residence, all have reach rooftop for all tower 1 (59 floor) tower 2(58 floor) and tower 3 (58 floor), now each tower under stage finishing for each floor.

Tower 3 unbilled sale undrer Ascott will be record in lump sum once sale recorded.

https://www.youtube.com/watch?v=bSRel7Skqrw

Posted by chanph > 2019-02-27 18:50 | Report Abuse

Tomorrow show time

Posted by hng33 > 2019-02-27 19:51 | Report Abuse

Super result

Posted by nemesis > 2019-02-27 19:59 | Report Abuse

Though it posts good result, yet it is saddled with huge borrowings tat will weaken its balance sheet moving fwd...i Don think it is gonna be a big rise in share price tomorrow, the most also only about 2-3 sen rise and then flatten back as the company still highly in debt even after the Right Issue...still remain unattractive overall!!!

Posted by azman123 > 2019-02-28 00:42 | Report Abuse

misleading qr report, they are not using the new number of shares 590m for calculation
eps 5.24, 3q eps 16.36, nta 1.49 are wrong
should be eps 3.6, 3q eps 9
3q pe 4.09, ksl <4, tambun 6, so no big deal

Posted by melanie181818 > 2019-02-28 06:27 | Report Abuse

Cannot compare with Tambun and Ksl, different league. These are net cash properties counters. Symlife's market cap is less than 240m but debt is more than 500m. Plus, Tambun dividend yield is around 9%. Good things don't come cheap.. Symlife had the potential but the RI destroyed everything. You basically had to pay upfront by subscribing to the RI to enjoy the share of unbilled sales, which is also dropping due to sluggish sales.

Posted by nemesis > 2019-02-28 08:45 | Report Abuse

Totally right...better run away fm company tat has high borrowings before it is too late cos tat portion of debts belong to shareholders, it is our burden...Maintain Sell Symlife!!!

Posted by hng33 > 2019-02-28 10:58 | Report Abuse

sold back symlife at 40.5-41.5