waiting for lower price to re enter.

Btw sales maintained at around RM812 mil last year and unbilled sales at RM850 mil.

In the circular, it said that PRIMA will buy RM374 mil worth properties (RM56 mil land + RM318 mil houses). This work out to be RM 268,000. Believe that they will make around RM40,000 per house, assuming 15% profit, and total profit will amounted RM56 mil. Their profit can be higher if we take account low land cost when they acquired BPJ land. However, I would not dare to buy their Prima Houses judging from response of BPJ house owner.Search their Fb

Anyway, Atria Shopping Gallery will be opened officially end April. Mall tenancy have reached 80%.There will be 1700 parking lots for mall and Atria SOFOs.

Last week, Oskp had unusual high volume. probably OLH bought them.

Niche investment bank like public bank, hong leong, and kenanga are usually trustworthy compared to other investment bank. rhb and cimb are useless nowadays. haha

All PJDev, Oskp, Osk have announced AGM on 17 April. Wait and see

The same RHB investment suddenly change their TP from 1.40 (Sell) to 1.75(buy). WOW! Tau la RHB sudah dapat job to arrange right issue. Too obvious lorr

symphony house is in the process of RTO by Ranhill after they sold BPO biz to Dato Azman and his geng.

matrix land cost very cheap. They bought Felda settlers land at less than RM8, whereas current market RM40-50. Sell land can untung already. That is why they are so profitable. And they monetise their land by both developing house and selling industrial land

Symlife on the other hand sitting low land cost ( sg. long & sg. petani). These land has huge potential, with increase on NTA if they revalue them. However, they are yet to monetise the land.

huge volume these 2-3 days. Someone selling and another party buy.

NTA is one thing. Another will be their EPS. Puncak EPS is around 30 cent while OSKProp EPS is 40 cent.

Overvalue? You must be kidding. Haha

PJDev and OSKProp has been traded higher before the announcement and their net asset is definitely higher than the share price. Certainly not overvalue but deeply undervalued instead.

usually investment banks covers companies with market cap more than rm1b. WCT is 1.7b company.

It is good if PWRoot keep giving dividend every quarter. Why wait for next quarter when they can give every quarter. haha.

If you look their balance sheet, their cash flow is strong, with minimal borrowing. In fact their, cash increase from RM45 million to RM60 million, currently. There are companies with huge earnings, EPS and even strong balance sheet. however very stingy in giving dividends.

yes PJDev and OSKProp owned by same shareholder. I don't know the response to Atria since I have yet to pay a visit there.

Dear YiStock,

IMHO, this company has strong fundamental with growing revenue and profit. My only concern is valuation and their shareholders. Not to offend you, but their valuation seems to be fully valued right now (10x PE), unless they give more dividends to justify higher valuation. But this is not a big issue, since the company is growing and valuation will fall.

The biggest issue is their shareholders. Willowglen is controlled by OLH family, which happens to be the same shareholder for OSK, OSVI, OSKProp, and PJDev. It seems that all these companies paid meagre dividends and the way the treat minority shareholders is horrible. They are influential in board members since almost all family members are appointed as BOD.

Trade/invest wisely..

exactly. Same goes to Tropicana. huge landbanks but they cannot monetize fast enough.

If we look closely, this is actually a good result. They managed to maintain around Rm 9 million net profit except Q2 FY15. Q3 FY15 revenue of RM94 million is actually the highest considering that Q2 FY15 RM100 million includes 4 months performance due to the change in FY end.

Looking deeper into the balance sheet, their opex has reduced RM11 million as compared to Q2 FY15 (RM40 million). Believe that they incurred higher marketing expenses during Q2 FY15 due to World cup last year.I remember they promote Ah Huat coffee last year.

Their balance sheet looks like strengthen with current trade payables reduced by RM14million compared to previous quarter. However their inventories increased by RM4 million. Maybe competition is heating up. GST has impacted company with retail focus such as Padini and Bonia. Meanwhile, their competitor, Oldtown also reported a maintain earnings. Hopefully Pwroot can weather the GST effect.

Believe that the most of the increased revenue come from tijani ukay and star residences. anyway it is not a bad result. Their unbilled sales increase from RM196 million to RM 465 million due to Star Residence project and they received 80% booking. When phase 2 is launched in September, their unbilled sales will be boosted further, Thus Star residence will be a wild card for them.

To survive in current condition, they have to shift away from high end and should offer more affordable housing. In this difficult current condition, it is wise to follow what other developers are doing (build more affordable houses).

OSKProp is promoting their Atria Shopping Gallery in LRT. Guess it will be officially launched soon.
Good for recurring income

earnings is already out.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1883809

profit increase!
Hopefully they can secure the Middle east job or else..

saw Tijani Ukay advertisement sprung up in front of KLCC. Looks like they have difficulty to sell the unit.

On the positive side EKVE has finally got the green light from government through announcement by AZRB in Bursa three days ago. The construction work will start very soon. The highway connects Sungai Pusu in Gombak and Sg. Long, where large of tract of Symlife land bank stood.

On another positive note, The Edge reported that Phase 1 Star Residences have achieved 80% booking. From AKLEH highway, you can see a lot of crane tower at the construction site, which situated at Jalan Yap Kwan Seng. I believe that for Star Residence, quality issue will not be a problem since the main contractor (Samsung C&T) is a reputable contractor. Phase 2 will be launched in September this year.

Record profit and revenue. EPS 42 cent. This year will be maintain with recurring income from Atria Shopping Gallery. Fair value shall be more RM3.80. OLH must raise offer..

People says competition are slowly eating their margin. But there are only few brands that stand out from the rest. Oldtown, Nescafe, Super, La Coffee. Believe that power root can sustain in the thriving market. Post GST, less people will go to starbuck, oldtown as they can see the GST in their bill. Thus instant coffee will sales will pick up then.

Symlife completed disposal of bcom holdings today.

good fundamental but again OLH has his hands in this stock. Hurmm

wait for the high tide to come. sekarang low tide. haha

Any housing development project, may it be from award winning SP Setia or Sunway, is not free from defect. So does Symlife. In fact, they build luxury houses, where quality shall not be jeopardised.

But I really appreciate your effort to create a klsei3 account just to condemn. LOL

kancs3118, nowadays many developers act as 'marketers'. They conceptualize and market the product. Construction part is given to construction companies. This way they can manage their cost. But there are developers cum construction companies, which enjoy superior margin when they do all the job from conceptualizing, marketing and constructing the housing project. Typically developers enjoy 15-20% profit margin while they award another 10-15% to the construction companies.

Average cost? Still on paper loss la. haha. I'm quite optimistic with their outlook, although current property market is on the downturn. Huge portion of their landbank is in Kedah and Sg. Long. Sg. Petani is picking up slowly but surely but Sg. Long is already prime for development. Waiting only for finalization of Selangor govt compulsory acquisition for Langat 2 project.

What holding Symlife back is delay in launching of projects. Time is money. The faster they launch the project, the faster they get the return. Most of Symlife projects are luxurious housing, which dampen their earnings in this soft market. Maybe they have to rebalance their portfolio to comprise affordable and some high end houses so that they are less affected. Their balance sheet although improving, with debt decreasing a lot after restructuring of business, still cannot compete with bigger developers.

However, on the positive side, I personally like the JV concept, since they can reduce the risk and expensive landbanking process. Star Residence is one of them, which is brilliantly marketed in 3 phases. Phase 2 and 3 can be marketed at higher price when Residential Tower 1 is already there and by the time, MRT is almost completed. The difference between Star Residence and Wing Tai's Le Nouvel (opposite Tower 2 KLCC) is that, the area is smaller, hence easier to rent out. Le Nouvel starting price is already RM4.0 million while Star Residence is opened from RM1.0 million to RM4.2 million for bigger area.

Sometimes I purposely have my lunch at one of warungs, opposite to the Star Residence project, just to check their progress. lol

Brownfields in Peninsular Malaysia are already past their prime, with production declining year after year. Some pipelines even need to be replaced with smaller diameter pipelines. The oil reserve is actually still huge but lower production is due to decreasing natural pressure that push the crude oil out from oilfield. To extract the remaining crude oil, the field operator need to use Enhanced Oil Recovery method to increase the oil recovery rate. I believe this is where UzmAPRES kicks in.

Based on news, 8 UzmAPRES had been installed at platforms, with 2 or 4 coming for the rest of this year. Each is rented at RM1 million per month, with profit margin 15-20%. That works out to be RM 14 million. Close to half of current FY profit. R&D for next gen UzmAPRES (called UzmART) is close to commercialization .

Besides, Uzma had just concluded two acquisition in Q3 which is worth RM114 million and have been reflected in their latest financial recent (that is why their borrowing increase). But It is a smart move to acquire chemical supplier, Premier Entreprise since drilling fluid has long been Scomi ES's forte.

RM1 is way too cheap.

hopefully they will announce bonus issue or treasury shares distribution as dividend. Liquidity is too tight..

year end sale comes early. time to buy. hehe

687423, they have coil tubing product but I think the patent that is most valuable is in regards to rejuvenation of ageing oilfield, Advanced Production Enhancement System (uzmAPRES). Kindly check through this link.

http://www.uzmagroup.com/core_production.php

at RM1.80, their share price is quite a bargain =)

Uzma recently has been fast catching up with other oilfields service providers such as Scomi ES and Deleum. While Scomi ES is strong in drilling fluids, Uzma has been strong with patented technology to increase the recoverable oil, and they are aggressive in expanding right now.

It is akin to competition between Schlumberger, Halliburton and Baker Hughes ( Halliburton and Baker Hughes is currently in talks to merge). It is interesting to see how oilfield service providers stacks up each other after few years. The current market for oil & gas may looks dim but for oilfield service providers, they still have job to maintain the oilfield. They may be less affected from current falling oil prices..

kancs3118, I believe you know the answer. haha

Star residences project is a collaboration between Symlife and UM Land through their JV, Alpine Return Sdn. Bhd. As the GDV RM3billion is quite huge for small to mid-cap developers like Symlife and UM Land to carry out on their own, it is wise to carry out on JV.

Samsung C&T is contracted by Alpine Return to carry out superstructure construction, based on their credibility as main contractor for other superstructure such as KLCC, Burj Dubai, etc. Star Residence is estimated to reach 3 quarter of KLCC height, and that requires contractor that is technically and financially capable. So does the earthwork. In KL, there are a lot of limestone underneath the ground, which need to be taken care before constructing the superstructure. KLCC also has been shifted few metres from original location due to limestone and a lot of grouting need to be applied.

Do I answer your question?

The disposal may not have direct impact to Symlife but will strengthen symlife subsidiary, symphony estates sdn. bhd.

Btw, Star residence project had featured in The Star today. The response is good with 80% take up rate. Total GDV is estimated at RM3billion, with Star boulevard featuring Walk of Fame handprint by international renowned celebrities.

the gain from stake disposal masked the last quarter result. however on the positive side elevia residences has eventually been launched this quarter. unbilled sales had increased a bit from RM175 to RM196, and expected to increase further with progress with elevia and wharf. however, delay in launch for TWY,Tijani @Raja dewa and Tijani KK reduce the excitment

Above all, I'm actually excited with the launch of Star Residences (JV with UM Land). The project had been launched end september and may only start contributing from this quarter onwards. Star Residences is divided into 3 phases, in which 1st phase (Residences Tower 1) had been launched.RT 2 and 3 will be launched in 2015 and 2016, apart from a mall. Symlife stake in JV is about 50% (correct me if I'm wrong) and for RT 1, 557 units are available for grab. Taking the min price of soho unit as RM1 mil (max price rm4.6 mil), revenue will be almost RM557 mil. Symlife profit portion will be RM50 mil. That will be for 1 RT. I work near the Star Residence area and now they are carrying out groundworks.

Good result as expected. Current quarter might be loweq due to monsoon season. but they have job right now. haha

marketing expenses during world cup. maybe the cause for drop.

The nature of their business is dependant on opex not capex like oil producers.
Therefore they were not directly affected from sudden drop of oil price. But job will reduce as oil producers slowing down during low oil price.

OSKProp today reported better earnings with EPS almost 30 cent. Quite unfair for minority shareholders since full year EPS will almost reach 40 cents.

Consolidation at RM1.75-1.79. Seems to breach RM1.80 very soon.

Copy paste from Pjdev page

a victim has complained to Security Commission & cc to Minority Watchdog Group on the following events: 

Event 1. On 10th Oct 2014 –appear in Star Online: PJD-OSK Property merger ‘quite soon’, no privatisation of merged company http://www.thestar.com.my/Business/Business-News/2014/10/10/PJDOSK-Property-merger-quite-soon-Ong-No-intention-to-privatise-merged-company/?style=biz The contents of the news: KUALA LUMPUR: A merger and consolidation exercise between PJ Development Bhd (PJD) and OSK Property Holdings Bhd is expected to materialise soon. Veteran stockbroker TSOLH said the exercise “will be quite soon”…. ….Meanwhile, he expects PJD’s net profit to grow by 20% for the financial year ending June 30, 2015. “This will be backed by the advancement of certain projects, with the majority of it coming from YOU City @ Cheras, among others,” he said. …..Yesterday, PJD received unanimous shareholder approval to purchase about 2ha of freehold land in Melbourne, Australia for RM432.1mil, equivalent to RM21,307 per sq m 

Question No. 1: Is the news and announcement misleading to the public? Now is not merger but tri-party private agreement. And announcement of merger and 20% grow, does it give false confident to the market? Market response on 10th Oct 2014: PJD CLOSE + 1CENTS UP AT 1.80, OSK PROP + 10 CENTS UP AT 2.45, but FBMKLCI down -21 POINTS & most counters down. Has the major shareholder declared the oncoming private tri-party Share Sale Agreement (SSA) before the AGM voting on the purchase of land in Australia, the outcome could have been different. The SSA was announced on 15th Oct 2014 and it is not ink over night. 

Event 2. On 14th Oct 2014, 6.32pm, BURSA web announcement: Changes in Director's Interest (S135) - Ong Ju Xing http://www.bursamalaysia.com/market/listed-companies/company-announcements/1765141 The Director is believed to be closely related to the major shareholder. Further study note that the changes is by his spouse purchase made in year 2013. 

Question No. 2: Why the Director made announcement for purchase made in 2013? Does it give false market confident again if one did not study in detail of the purchase? 

Event 3. On 15th Oct 2014, 7.22pm announcement of Multiple Proposal as per the subject of this letter. The market response with the counter OSK property & PJD gap down. 

Question No.3: Does this proposal contradict what is being said on 10th Oct 2014,as it is different takeover offer : mandatory take-over for OSK Property but voluntary take over for PJ Development. 

SC is to scrutinise the events and whether the proposal is in breach of any regulation, and check who are the buyers and sellers before and after the events.The action of the major shareholder has disrupted free market mechanism and able to manipulate market price...and able to outsmart the minority share holders at his mercy with paper shuffling,. .... dangerous precedent will be made by major shareholder of this modus operandi in future by depressing market prices to his advantage,... even if the security counter has good fundamental. & what will happen to the market if the major shareholder aborts his SSA abruptly?...... 

*********************************************************************************************************************** "Victims " are strongly encourage to write to the authority on the unfair action etc.. at your own extra points... 

For the benefits of those miss the details( TQ to Mr Ravi Kumar and many others help to compile the contact) 

Investor Affairs & Complaints Department Securities Commission Malaysia No 3 Persiaran Bukit Kiara Bukit Kiara 50490 Kuala Lumpur 
Tel: 603 6204 8999 
Fax: 603 6204 8991 
E-mail: aduan@seccom.com.my & CC to Lya Rahman General Manager, Corporate Services MINORITY SHAREHOLDER WATCHDOG GROUP (MSWG) 11th Floor EPF Building Changkat Raja Chulan Off Jalan Raja Chulan 52000 KUALA LUMPUR 
Tel: (603) 2070 9090 
Fax: (603) 2070 9107 & btw MSWG would be organising a forum where the issues can be discussed. The event will be held as follows: 

Date: 5 November 2014 
Time: 2.00 pm 
Venue: MSWG Training Centre, Minority Shareholder Watchdog Group 11th Floor, Bangunan KWSP, No. 3, Changkat Raja Chulan\ Off Jalan Raja Chulan, 50200 Kuala Lumpur 2 pm registration 2.30 to 3.45 pm PJDEV and OSKP (Takeover) 

Contact the following to register via phone or email 
Ms.Zairina zairina@mswg.org.my 
Mr.Vinodth vinodth.ram@mswg.org.my 
Ms.Sharon sharongoh@mswg.org.my 

Time to make your voice heard. Good luck.!! 

***************************************************************************************************** "The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing "-Edmund Burke 
*****************************************************************************************************

Oo I see.

share buy back kicks in just now

today Q3 result will be out. I expect the revenue will be higher due to World Cup and contest. However, advertisement and promotion cost will also be higher. Wether it is 4 or 5 cent dividend, we only know this evening.

someone (probably OLH) purposely put roadblock at RM1.57. If the seller is genuine, why rush to sell at RM1.57 when you can sell at higher price or else oskh/olh would have bought the 11k shares. It will take long for Oskh/OLH to mop up shares at cheap price but they definitely have the time to do it. But not everyone willing to let go their shares at below RM1.60. Sooner or later seller will reduce greatly since everybody hold their shares. At that time, OSKH/OLH will push a bit, let say RM1.65, then some will sell. then he would push down again. tired investors will sell.

I believe Oskh/Olh will fail to take over pjdev this time. all intends to do is to collect as many as he can and let the offer to lapse. From then, he will keep buying let say until 73%, and finally do the MGO.

I'm not at previlige to disclose information regarding Barakah. However a general ideas is when new platforms or pipelines are installed, they require pre commisioning works, before operation started. This is where Barakah comes in. I believe few new platforms/cpp/gpp will come up in the next few years and pipelines to connect them to other platform or fpso/fso.

As barakah has succesfully graduated from VDP programme, and beneficiary of Pan Malaysia Contract. I believe they stand a good chance to win more contracts in future =)

lucky for those who bought at Rm0.95 - Rm1.00. shares had move up. I noticed that in their website, Sg. Long project has been included in upcoming project. Cant wait for Q3 result announcement.

just hold la. OSKh doesn't have financial muscle to take over PJD with cash. Unless they sell rhb stake. then you have to worry.