Salted fish, how old r u when 1993 n 1997 super bull run? Stock market is full of fantasy and miracle. Year of 2000 we have tech stock super run, next year will be export oriented stock. Current price of ffhb only 'sap sap sui'. Salted fish also become alive..
Thanks Daz Ng! stok3898. yeah i think that is the lavender residence condo. GDV around RM140mil i think. But that is supposed to be completed in Q3 2018. Unfortunately, the revenue recognition policy of SYF is based on stage of completion. So even if its sold out it may not show up as revenue yet until project construction commences. Maybe thats why they only mention Kiara Plaza and Wira Heights projects in the annual reports as those projects have already commenced. Anyone heard anything about Kiara Plaza and Wira Heights take up?
Kuala Lumpur : Cometh the hour, cometh the man, and true to form SYF Resources Bhd have risen to the occasion, by fully selling off phase one of its Lavender Residence Project, one month before its official launch.
The first phase compromise 200 units, with each unit priced at an affordable RM500,000 a unit. MyBursa was told that all the units have been snapped up by eager buyer's looking to make a long term killing in rental income, because the project is located a mere 1,000 meters away from the main UTAR collage in Sungai Long.
Rental per apartment in the nearby area is about RM2,500 a unit, and with the first phase fully sold off, SYF which has already started pilling works, can expect to pocket some RM100 million.
In total, there will be some 1,000 units from the high rise apartment project, and SYF, MyBursa was told expects a 100 per cent take up for each of its launches, which in turn will bring in some RM85 million in profits for the company.
On the trading side, there is some 33 million shares due for their T4 settlement today, but based on the expected steep rise in SYF's profits for 2016, and with the company working on a dividend plan for the following year, it looks like the smart money will be on SYF.
If indeed, the company's shares manage to stay at this level, then expect some action soon, as a slew of research reports on SYF are expected to hit the streets soon, just in time for its annual shareholders meeting, which by the way is just 11 days away. Happy Trading!!!
Kuala Lumpur : SYF Resources Bhd, might have taken some baby steps here and there to crawl up t0 63 sen a share, its highest close in 52 weeks, but clearly these gains are a small drop, compared to what its peers have been doing throughout 2015.
Look no further than Heveaboard Bhd, the stock is up 285.54 per cent year todate at RM1.60 a share , while SYF is up year todate by only 43.18 per cent.
Clearly, SFY is no where near the top end, where the likes of Mieco and Heveaboard are now, and with the company promising that profits will double this year, and this too coming back from a year , when profits stood at record levels, the game in SYF, has now changed.
SFY must now shoot for the stars, in a game where this stock must at minimum double up from its lowest ebb of 37 sen a share, to prove that there is indeed justice in saying that before January 2016 is over, SYF will trade above RM1.01 a share.
Kuala Lumpur : SYF Resources Bhd, is not a stock which has a history of giving good returns for a contra trader, but this could change for a limited time only.
A window of opportunity has been opened up for the contra trader, namely because starting next week, at least three research reports are due on SFY Resources. MyBursa was told that the company's shares will be valued closer to RM1, and beyond. Also on the 7th of January, SYF will be holding its annual general meeting, with all major newspapers invited for the function.
Clearly, the company is out to impress upon potential investors such as the Employees Provident Stock, that this is company, that is aiming within the next 24 months to be a RM1 billion capitalised company, helped by sustainable earnings and some neat corporate exercise.
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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....
moniekj
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Posted by moniekj > 2015-12-26 18:06 | Report Abuse
Salted fish, how old r u when 1993 n 1997 super bull run? Stock market is full of fantasy and miracle. Year of 2000 we have tech stock super run, next year will be export oriented stock. Current price of ffhb only 'sap sap sui'. Salted fish also become alive..