Posted by iloveshare128 > 2016-06-16 09:32 | Report Abuse

SYF claimed that Utar is moving to SG long.. but... that means nothing... it is not a confirmed thing that students will need to rent new units in Sg Long... unless you are renting out very cheap... else they will opt for cheaper units... students have tight budget, ok? we all were students once... and we know it best.. and if you buy SYF's property in Sg long and can only rent out cheap.. u can't even cover your bank interest rate.. if this is the case, why investors still wanna buy the property there? wake up man...it is 9.30am now...

Posted by iloveshare128 > 2016-06-16 09:39 | Report Abuse

Izam, please refute my statements with points... i await your response..

Posted by iloveshare128 > 2016-06-16 09:43 | Report Abuse

also, the company "claimed" (again, just claim, not proven yet) to considering giving out dividend in 2017 (consider only, not confirmed yet)... i know u may say: the company need cash for expansion... i know... but that still means no dividend.. for company like this without proven good record track, and no dividend, do you think PE 8 is not reasonable?

Posted by iloveshare128 > 2016-06-16 09:45 | Report Abuse

and the CEO claimed that they will sell around RM500k for high-rise/condo at Sg long.. come on... new terrace house there is selling only RM398K....
http://www.theedgeproperty.com.my/property-search?keyword=BANDAR%20SUNGAI%20LONG&listing_type=sale

ppl will pay RM500K for condo while they can get landed terrace at around RM400K...

this CEO must be kidding us...

Posted by cemertugus > 2016-06-16 11:20 | Report Abuse

iloveshare128..what your opinion, did the price (0.575 cent) will drop after next q report?
i guess this stock gonna fly...just wait and see..

Posted by hunterdom84 > 2016-06-16 14:17 | Report Abuse

ilovershare...pls wait 2 more weeks to shut Izam mouth or shut your mouth!
Anyway, i'm willing to hold this counter until next CNY...
btw, sg long really doesn't hv 400k landed terrace hse..if got, it must b very old and single storey..

Posted by iloveshare128 > 2016-06-16 14:52 | Report Abuse

hunterdom84... this is what i found online:
http://www.theedgeproperty.com.my/723620/selangor/bandar-sungai-long/terrace-house/sl7-bandar-sungai-long

RM398K only for terrace house...
In fact, I already shared this link above...

Posted by Brother Bear > 2016-06-16 16:07 | Report Abuse

lmao.. 956sqf so called landed terrace.. you must be kidding..

Posted by Brother Bear > 2016-06-16 16:41 | Report Abuse

@iloveshare128 where did you get the revenue for property sector @RM242.3 mil. The number i read from 2015 financial report not even reach RM100mil. 2015 total revenue was only RM316.2mil. What is the purpose of doing so called sufficient research if you don't even know how to read the number....

Posted by Izam_mahathir > 2016-06-16 20:07 | Report Abuse

I love share..chill la bro.property isnt bubble yet.sg long just 2km from my house.400k for terrace house in sg long is nearly impossible to find la.600k is consider dirt cheap.did u notice any new development in sg long?just stick with your reaearch.its yours.if u dont want to take a risk,take u cash and run

Posted by iloveshare128 > 2016-06-17 15:00 | Report Abuse

Brother Bear.. u are right.. I was looking at another website which gave me that wrong figure. I just confirmed it by looking at its 2015 annual report that the Revenue for property development was RM91,568,000. That does not mean I do not how to read the number... it was a wrong info I received... btw, other that that, all other points of mine are still valid...

Posted by iloveshare128 > 2016-06-17 15:04 | Report Abuse

anyway, since the CEO already mentioned that he expected to reap around RM100million of revenue from property development this year... we should assume that most of this year's revenue (in property development) has already been recognized in Q1 & Q2 (total up to be RM79.025million)... that means lower revenue recognition for Q3 & Q4 (total around RM100mil - RM79mil = RM21million for 2 quarters)...

Posted by iloveshare128 > 2016-06-17 15:10 | Report Abuse

News from thestar:

SYF Resources was planning to maintain the growth of its property segment at a steady rate, and as such, it planned for the development RM80mil-RM100mil in GDV per annum.

Posted by iloveshare128 > 2016-06-17 15:11 | Report Abuse

brother bear, can you reject my other statements with fact? dun just cherry pick one of my minor error, ok? come on, i await your constructive confrontation...

Posted by iloveshare128 > 2016-06-17 15:28 | Report Abuse

Brother Bear.. pls dun tweak the fact here and there... it is still a landed property even though the size is smaller... can you deny the fact that it is not a landed property? and how big is a condo normally? it is also around that size or smaller... and lets say the sq ft (area) is the same, will u pay RM500K for condo instead of RM400K for landed property... i await your answer...

Posted by iloveshare128 > 2016-06-17 15:33 | Report Abuse

Izam_mahathir, ok, i assume your statement is correct - in general, 600K for landed property (the 400K i found may be exceptional case).. but if u r a buyer, will u pay additional RM100K for a landed property (vs RM500K for condo only)... i will definitely pay additional RM100K.. in Penang for example, in a same area, if condo is about 500K, landed property is already around RM1million (about double the price),... so do you think a lot of ppl will pay RM500K for condo while they can get landed property at only RM600K (and much biggest land area at RM600K!!)

Posted by ChasingDreamz > 2016-06-18 03:50 | Report Abuse

this guy just want to win arguments. Easily can know the way he writes his points in provocative way. Cant even 'agree to disagree',

Posted by ktsk88 > 2016-06-18 08:59 | Report Abuse

hahaha....................i don't care whether 500k for condo and 500k for landed properties......................if the properties is way far from my usual daily activities..........i don't bother it is landed or not.............i won't buy.

2nd arguments.........although landed properties is bigger in space................i might not buying if my preference is smaller space for easier maintenance (eg. cleaning,mopping,etc).

3rd arguments..........if i do not need so many rooms since i am not thinking of having kids forever............why i want a big house for?.

4th arguments..............even the different is 100k for landed compare condo.................how many can afford the extra 100k financing.

Hence, everyones have their own preference and taste when come to properties of their choice..............so you can see why condo or apartment usually fully taken up everywhere.............the same for landed properties.

Posted by iloveshare128 > 2016-06-21 10:03 | Report Abuse

bro ktsk88, i agree with your points to certain extent only... if u look at Penang properties... nowadays condo units are oversupplied and many developers have delayed their projects... but landed properties (normally with less units) are normally selling better (still selling slow though) than condo units... and maybe some ppl will think like what u do, they prefer condo, that is fine.. but pls ask around,,.. for most of the ppl, if they can afford landed, do they choose landed or condo? (i mean most of the ppl out there)... just be honest to ourselves... and 100K isnt too much for many ppl... there are really a lot of affordable buyers out there.. just that they will think: is this investment a good deal? (not bcoz they cannot afford, just that they may want to invest in other areas if the condo rental is not giving good return)...

Posted by iloveshare128 > 2016-06-22 09:10 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5129861

see, as what I had expected.. the quarterly report posted poorer result... as most of the property development revenue has been recognized in Q1 & Q2...

and i would expect a much poorer result in Q4 (EPS should be around 1 sen or less)...

Posted by iloveshare128 > 2016-06-22 09:12 | Report Abuse

Q1 2016 EPS: 1.77sen
Q2 2016 EPS: 1.71sen
Q3 2016 EPS: 1.49sen
Q4 2016 EPS:???

getting nearer to Holland every quarter...

Posted by iloveshare128 > 2016-06-22 09:20 | Report Abuse

in their report, they mentioned rubber wood furniture sales is getting poorer due to poor demand and their adjusted pricing..

Posted by bigbigboss > 2016-06-22 15:41 | Report Abuse

summary : furniture revenue drop and profit drop
board revenue drop but profit up
property revenue up and profit up

Posted by r3490 > 2016-06-22 18:56 | Report Abuse

Revenue, PBT, NP and EPS all up when compared with relative period

Posted by r3490 > 2016-06-22 18:58 | Report Abuse

It is wrong to compare the preceding quarter and always look for continuous Q on Q growth

Posted by r3490 > 2016-06-22 18:59 | Report Abuse

seasonality means they can never hope to achieve this
should look at Q3FY16 v's Q3FY15 and all key metrics are up

Posted by Izam_mahathir > 2016-06-22 20:23 | Report Abuse

Property revenue up.funiture not consistent but Q4 will recover.i still belive ringgit will plunge

Posted by iloveshare128 > 2016-06-23 08:37 | Report Abuse

Izam, i agree with you too on the prospect of weak Ringgit.. many have expected Ringgit will continue to strengthen when it once climbed back from RM4.45 to RM3.9x... and I did not think so when a lot of ppl were stating that Ringgit will recover and export play is over... based on so many uncertainties and negative news in Malaysia (and likelihood of US FED to increase rate soon), I do not believe Ringgit will be getting stronger... and I believe USD/MYR will remain around USD1/MYR4 for the next 1-2 years... I dont see a sign why Ringgit deserves a better stance for now...

Posted by iloveshare128 > 2016-06-23 08:38 | Report Abuse

unfortunately SYF's rubberwood furniture exports have dropped quite significantly compared to previous quarters so they can't benefit much from weak Ringgit...

Posted by cemertugus > 2016-06-23 09:34 | Report Abuse

go buy more iloveshare128...hahaha

Posted by hunterdom84 > 2016-06-23 10:03 | Report Abuse

export business taken 53% of their revenue and their export business are including MDF, Particle Board, Rubber wood materials, and furniture..they focus to expand its upstream (mdf/particle/materials) so the low scale sales of finished product (furniture) doesn't make any big effect of their future revenue..this is just my point of view...

Posted by Izam_mahathir > 2016-06-23 15:26 | Report Abuse

I hope uk exit eu today.euro n pound will plunge and dollar will surge.that means export counter will benefit

Posted by 酷睿齐聿 > 2016-06-23 17:09 | Report Abuse

growing company..

Posted by ktsk88 > 2016-06-24 09:12 | Report Abuse

the company is making profit albeit slower and softened market condition ............but overall with rolling 4 QR the EPS is 6.6sen and a PE of 8.8 times..............not very bad figure.

Applying PE of 10 times, the stocks still valued at 0.66sen...........how many stocks trading at single PE?.

Posted by iloveshare128 > 2016-06-24 09:15 | Report Abuse

ktsk88, sometimes we must not be deceived by the low PE... especially when that particular year's EPS has peaked and there is no clear sign that upcoming years' EPS can be sustained or improved... we have seen that in many cases, so if next year's EPS dropped, the PE will no longer be attractive... just my 2 cents thought.

Posted by ktsk88 > 2016-06-24 09:20 | Report Abuse

iloveshare128............i do agreed with you but the investing public doesn't use that as yardsticks here.

Posted by iloveshare128 > 2016-06-24 09:20 | Report Abuse

as SYF management has highlighted, they are only focusing on a very small scaled property development at the moment (at Sg Long & Cheras area only)... and they do not have a long term plan/roadmap down 5-10 years about their property development projects... question is: what if after the recent property sales, they are not going to defer the property development due to softer demand? will this year EPS be repeatable? we have to ask ourselves.. i have seen IJM and even Setia defer some of their projects due to softer demand now.. and the subsequent question is, even if they continue to build houses, will they sell good again? I personally do not think property market is good now... in fact, it is not getting stagnant but worse...

Posted by sokowanda > 2016-06-24 09:26 | Report Abuse

bulllshit.

Posted by ktsk88 > 2016-06-24 09:35 | Report Abuse

iloveshare128...............you think too far..............

Posted by sokowanda > 2016-06-24 09:45 | Report Abuse

this is how those singalingam want to earn your money.

Posted by Izam_mahathir > 2016-06-24 10:04 | Report Abuse

Brexit on its way.majority wanna leave.eu will crash.dollar will up.if brexit does happen export counter will benefit a lot.hold this counter tight

Posted by iloveshare128 > 2016-06-24 11:11 | Report Abuse

sokowanda, i am seeing only one person who is bullshitting here which is you.. we are all discussing points here but you are apparently not... we are talking about facts and possibilities. You are dreaming on virtual reality and mere hopes without any sound data.

Posted by iloveshare128 > 2016-06-24 11:13 | Report Abuse

no one will be able to earn someone else's money if he does not deserve it... you are losing your money to others just because you deserve it.

Posted by iloveshare128 > 2016-06-24 11:25 | Report Abuse

Izam, you have got a point here.. if Brexit does materialize, USD is gonna strengthen and this helps a lot of export counters... unfortunately strong USD does not help SYF much.. see this link below: as stated by SYF management:

However, Chee pointed out that the group exports its furniture to 87 countries, unlike other listed furniture companies, where most of their sales come from US customers.

As such, SYF Resources is not enjoying as much US dollar-translation gains as its counterparts because some of the company’s export markets are facing slowdowns and currency depreciations, he said.

“Since the US dollar is so strong, we have to give some discount to a few of our export markets. But this discount doesn’t hurt us, just that we’re not enjoying the foreign-exchange translation upside as much,” Chee said.
http://www.stockhut.com.my/news/88306

Posted by 酷睿齐聿 > 2016-06-24 11:52 | Report Abuse

脱欧了，英国还是在原来的位置。

Posted by Izam_mahathir > 2016-06-24 11:52 | Report Abuse

Yeah its true but in stock market a tide will lift all boats

Posted by Tripaka > 2016-06-24 13:13 | Report Abuse

Market collapse.....buying opportunity

Posted by hunterdom84 > 2016-06-25 11:02 | Report Abuse

Wait coming week to shut some1 mouth

Posted by iloveshare128 > 2016-06-27 10:37 | Report Abuse

going to touch RM0.48 soon (which is what I originally thought it should be valued at , 6sen EPS x PE8 = RM0.48)... any price over RM0.50 is conisidered expensive for small cap like this (without good earning records in the past, and not giving a single sen of dividend).. what PE can you expect? PE=8 is reasonable.

Posted by bigbigboss > 2016-06-27 14:12 | Report Abuse

i dont think syf easy to drop below 0.50