AGREED. MKLAND HAS ALL THE FUNDAMENTALS AND CATALYSTS TO MOVE UP AFTER THE CURRENT CONSOLIDATION.
ITS PRICE UPMOVE WILL LIKELY COME AS WE NEAR THE AGM ON 26/11 AND THE DIVIDEND EX-DATE ON 10/12/2015

nemesis's comments are quite true. Activation of its share buy back programme can well become another catalyst to enhance shareholders' value in the form of better market price valuations + becoming part of its Dividend policy, i.e. a combination of dividend-in -specie and cash dividend.
This new catalyst can soon materialise as "the renewal of mandate for its share buy backs" is now part of the Agenda for its AGM on 21/11/15
(it will be good if shareholders attending the coming AGM "push" the Board for this to be actively carried out)

UNDERVALUED STOCKS NEED CATALYSTS TO UNLOCK THEIR VALUES IN ORDER TO INCREASE THEIR SHARE PRICES
============================
SOME MONTHS AGO I DISCOVERED THE CATALYSTS FOR EURO HOLDINGS (CODE 7208)
-----------------------------------------------------------------------
AND COMMENTED ON THEM AT THE FORUM FOR EURO. EURO'S PRICE THEN WERE BETWEEN 0.55 TO 0.60 (CUM BONUS 2 FOR 1).
WE BELIEVE IN THESE CATALYSTS AND ARE NOW MAKING HANDSOME CAPITAL GAINS AS EURO IS NOW WORTH RM0.90 TO RM 0.98)

MKLAND : HIGH DIVIDEND YIELDS. DEEPLY UNDERVALUED
===================================================
THE CATALYSTS FOR MKLAND TO UNLOCK ITS VALUES INCLUDE:-

STRONG FUNDAMENTALS
-----------------------------------
NTA RM0.96
RNAV RM1.56
FAIR VALUE TARGET RM0.80 (REFER ANALYST'S REPORT FROM PUBLIC INVEST)

REDUCED GEARING/BORROWINGS BY RM182M DURING THE LAST 2 YEARS TO A COMFORTABLE RM143M. FURTHER REDUCTIONS POSSIBLE WITH THE SALE OF ADDITIONAL LAND IN PERDANA TO MAMMOTH EMPIRE AND THE PLANNED SALE OF ITS 55 ACRES SETIA WANGSA LANDS FOR HIGHER VALUE (PREVIOUSLY ABORTED SALE AT RM82M).

HIGH DIVIDEND YIELDS
--------------------------------
PAID 4 SEN LAST YEAR
PAYING 3 SEN MOW.
(DIVIDEND YIELDING FROM 6.6% TO 10% PA (MUCH HIGHER THAN BANK FD OF 3 TO 4%)
GOOD PROSPECTS FOR DIVIDEND PAYOUTS TO BE INCREASED TO 4% OR MORE WITH SALES OF NON CORE LANDS + PROFITS FROM LAUNCHING OF NEW PROJECTS+ REDUCED BANK INTEREST EXPENSES.

CATALYSTS FROM BOOST TO THE VALUES OF ITS PRIME LANDBANKS IN DAMANSARA
-----------------------------------------------------------------------------------------------------------------------
PERDANA AND DAMANSARA DAMAI.
------------------------------------------------
PERDANA IS BOOSTED BY THE THRIVING MUTIARA/THE CURVE NEXT DOOR.
BEING FURTHER ENHANCED BY THE PROJECTS BY MAMMOTH EMPIRE
DAMAI LANDBANK WILL BE BOOSTED BY MRT 2 GOING THROUGH OR SKIRTING IT.
SELANGOR STATE GOVT JUST CONFIRMED SEVERAL ACCESS ROADS WILL BE BUILT LINKING DAMAI TO L&G'S BANDAR SRI DAMASARA AND TO THE SG. BULOH FLYOVER.
MKLAND LAUNCHING ITS SUASANA PROJECT THERE SOON

VALUE CAP'S RM20B TO BUY UNDERVALUED STOCKS IN BURA
=====================================================
FUNDS AVAILABLE THIS MONTH END.

WILL BE WONDERFUL IF MKLAND IS INCLUDED AS PART OF THE PORTFOLIO OF VALUE CAP
(ELIGIBLE BEING DEEPLY UNDERVALUED AND SYARIAH COMPLIANT)

Disclaimer
========
My comments above is not a solicitation to buy or sell MKLAND. Its merely to exchange market news and share opinions. All the info are mainly derived from the many Public Domains. The figures stated may not be updated.Tq

Such complaints are quite common and happens to many other developers' projects. Developers just have to rectify them. If i recall correctly Symlife also won some awards for some of their projects.

Not too sure about GOB after testing the market on undervalued property counters. Such shares are also being hit. Moreover, its supposed to be linked to Malton. Even Malton's( which is much more established and high profiled) share price also is finding it hard to move up. World markets are also not steady with no firm uptrend due to bond volatility and the likelihood of USA hiking its interest rates.. Prefers to be more conservative with whatever exposures we already have. Take it easy in the meantime and monitor the issues affecting world marts plus our local politics.

Hi, Invested in several counters which we had researched to be very undervalued against its fundamentals. However Bursa had turned bearish and weak market sentiments caused small lots selling pressure.cutting loss in small quantities = minor financial losses for them but a daily half sen to 1 sen loss add up to quite a lot. Besides Bursa weakness, i think punters were disappointed when there was no Dividend announcement in its 4Q results. But it only said "no INTERIM D for the current/4Q under review" Hence we are hopeful it can still give A FINAL D for the full year results ending 31/3/2015. There is no guarantee on this but if it happens, it will be helpful. We remain hopeful for several positives to happen. Watch out for news of Govt acquisition of its Sg Long land. Sym owns its 412 acres at very low costs.Current market is rm88 psf. Means Sym can make good capital gains there and bring in cash inflows. It also mean Sym can now proceed with its Sg Long township development. Being big, it can accomodate more affordable housing types where the current demand is up. Its low cost land can still generate good profit margins.
(disclaimer: the above are only my personal opinions and interpretations of mart info. Its not an invitation to buy or sell this share or any other shares)

A more positive view of Tropicana via a fundamental approach.
Backed by sound financial data:-
par value RM1.00
NTA 2.14
EPS 24.85 sen
P.E.ratio 4.3x very good (against its peers/competitiors'/property sector of 15x)
Dividend/Yield 5.4 sen/ 5.04%
Vast strategic landbank in prime locations in KL/Selangor/Penang/Johor
Unbilled Sales RM2.6B (giving positive earnings visibility for the next 2 years as progressive
billings/claims on buyers/financiers will become sales revenues n
profits). (Good timing for successful launches of its many projects
in the past 2 years b4 the current softer market condition in 2015)
High gearing: a negative among stock analysts. But its previous gearing of 7.2x had been
effectively addressed via rapid disposals of non-core assets/businesses totalling
more than RM2B (RM540m cash inflow by 3Q from sale of Tropicana City Mall,
RM448m from sale of Jln Bukit Bintang land, RM174m from sale of subsidary
(Kima), etc,. Will be reduced to a comfortable 0.52x

What are the risks ?

We find strong security and comfort when investing in Tropicana now.
In addition to the strong fundamentals listed above, we are now in a very advantageous position
based on :-
@ current price of 1.06 it is 52% below its 52 week high of 2.20
It is also 50% lower than its NTA (audited) of 2.14
RNAV computed by share analysts is 3.91. Most of them assigned a discount of 50%
thus giving it a fair value share price target of 1.95 (share price did go up to
2.20 in early 2014). some had now revised it to 1.83 (longer term view)
A well known financial blog targetted it @ 1.40 (medium term view).

(Disclaimer: My personal views & comments here are purely for exchange/sharing of info only.
Its not an invitation to buy or sell the shares discussed. Tq )

U are right!! Tropicana is today's one of the most undervalued stocks.The world's most successful stock investor, Warren Buffett, advised that "it's difficult to time the market. U wont succeed. Buy it when its already significantly undervalued compared to its fundamentals". Trop's fundamentals were listed in my comments above. It's also cum share dividend 1.3:100 equivalent to abt 1.4 SEN.(= to total dividend of 5.4 sen for FYE2014(interim 4 sen paid in 2Q + final dividend in specie). The attached write up by an investment bank supports its fundamentals:

Tropicana: Disposes Tropicana City for RM540m
Date: 27/01/2015

Source : Affin Hwang Capital
Stock : TROP Price Target : 1.83 | Price Call : BUY
Last Price : 1.06 | Upside/Downside : +0.77 (72.64%)

Back

Tropicana has entered into a sale and purchase agreement with CapitalMalls Malaysia to dispose off its Tropicana City for RM540m. Tropicana City comprises of the 4-storey Tropicana City Mall and 12-storey Tropicana City Tower. (Source: Bursa Malaysia)

Comment: We are not surprised with the disposal given its iconic landmark to the group. However, we are mildly positive with the development as 85% (RM460m) of the proceeds will be used to pare down the group's RM2.4bn borrowings, lowering its estimated net gearing level to 0.52x (from 0.72x as at Sept-14).

In addition, it will also save about RM23.5m of interest cost annually. However, it will lose an estimated net income of RM21.8m from the disposal. The disposal is expected to completed in 3Q15. No change to our earnings for now. Maintain BUY with a target price of RM1.83.

Source: Affin Hwang Capital Research - 27 Jan 2015

Today's announcement. The boss had bought another 11.45m shares (direct deals) bringing his total shareholdings in Trop to 71.33%. Positive implication??

fong7 is correct. trop has many ongoing projects. Needs some time to collate the data on its respective GDVs. But we can get its total sales and unbilled sales data from its latest 1Q results reports. Unbilled sales represents the portion of sales achieved during a particular quarter or year but has not been billed/payments collected from the buyers or their financiers due to legal documentation time lag and the stage of construction not yet completed according to the schedule of payments specified in their S&Ps. Over time and as construction progresses, unbilled sales become billed and turned in sales revenues and profits.. hence the unbilled sales is a good indicator of its future revenue/profits. Trop last reported its unbilled sales exceeded RM2B and its a positive indication.
But the most important factor in its business operations and future viability and profitability lies in its ability to reduce its gearing. All its other fundamentals are good (NTA 2.14 per share, last years EPS almost 25 sen, RNAV RM3.91, high take up rates in most of its project launches, good/low P.E. ratios of bet 4x to 5x only) But most stock analysts were negative on its high gearing (debts) last time. But this had been effectively addressed/rectified via sales of non core assets/businesses which todate totalled more than RM2B. eg its sale of its Tropicana Mall for RM540M cash is expected to be completed by 3Q this year. this sale alone will bring a cash inflow of rm540. this will reduce its gearing and achieved a big capital gain thus also boosting its profits for this year. Upon completion of the announced disposals of non core assets, it gearing will be reduced to comfortable level of below o.5.
Most of u are aware that financial analysts assigned a discount to the a developer's RNAV when computing the fair value/ target price. Most of them will discount it at 50%. TROP's RNAV is abt RM3.91. This will estimate a fair value of RM1.95 to Tropicana's share price.Several broker houses did give this price. But there is one which gave RM1.10 based on its 72% discount. I personally think this discounting is too extreme and unfair. Nevertheless a well known financial blog recently gave a target price of RM1.40. I believe it has good potential to scale higher once it reduced its gearing and reports higher sequential profits.

(disclaimer: above are only my personal opinions based on my own assessment of available market info. It is not an invitation to buy or sell this share)

Tropicana reappraised and had in fact found its sound fundamentals intact and growing stronger.
like in the tropical climate, it will be hot again soon.
Recently i opined that Trop is facing 2 head winds, (1) its shariah status (2) it is also exposed to housing glut in Iskandar Johor. Subsequent events were positive : (!) its shariah status was retained. (2) Unlike other pure play Iskandar developers, Tropicana is very diversified in its property developments with most of its prime landbanks in strategic locations in KL/Selangor and Penang( where stronger economic growth and increasing population build-ups due to natural + labour migration translate into stronger demand for housing). Hence Trop's exposure to Iskandar is mitigated by its better performing projects in other regions.
Tropicana's fundamentals remain strong and is in fact fast improving/strengthening . Its high gearing is being actively rectified via disposals of more than RM2B non-core assets & businesses. These will bring in big cash inflows, reduce it gearing to below 0.5, register significant extraordinary gains for its P&L a/c for its FY ending 31/12/2015. It will also enable its Management to focus on its core business.(i will try my best to compile the relevant data/info on its disposals of its bigger disposals of non core assets during the last 12 to 18 months ASAP).
Meanwhile its 1Q results improved and is on track to achieve its consensus profit target.
Good to note that its Dividend payouts for FYE 2014 actually increased. Paid 4 sens in 2Q + 1.3 to 100 share dividend as Final dividend (equivalent to about 1.4sen. Total dividends = 5.4 sens.

(Disclaimer. my comments above are purely my own opinions and are meant for exchange of market info only. Its not an invitation to buy or sell this or other shares. Tq )

positive news for Symlife's Sg Long huge landbank and its township development. Media reports that UTAR (University TAR) is relocating from Setapak to its new Campus at Sg Long today

We do not have details of the sales and their schedule of receivables from the buyers It is true that their apportionments are important as they affect the sales revenues and the profits reported for any quarter's results. However the fact remains is that all its sales will be fully accrued to the company whether in this Q or subsequent Qs. Hence we just accept it.

What i wish to discuss now is on its DIVIDENDS. What is forthcoming?
The 4Q results just announced said "do not propose to pay any INTERIM dividend for the quarter under review". i.e. no INTERIM dividend for this 4Q. This is consistent policy for Symlife. It is not its policy to pay interim dividends. But it had paid 4 sens last year as a 1st & final dividend. Hence altho it will not pay any interim dividend as in the past, it can still pay a DIVIDEND AS A 1ST & FINAL DIVIDEND FOR THE FINANCIAL YEAR JUST ENDED 31/3/2015.

It is still possible to see

i) a cash dividend
ii) a share dividend via a free distribution of its Treasury shares (it is now confirmed that it still has 388k shares bought under its buy back programme). Together with its just announced purchase of 10k, it will ow have 398k Treasury shares. Based on its capital base of 310k shares, it can declare a 1.2 for 100 distribution ratio. This is equivalant to an additional cash dividend of 1.26 sen (1.2/100x0.85 share price).(correct me if my computation is wrong)


(disclaimer. my personal opinions above are purely for exchange of views and to clarify various aspects of the 4Q results just announced and are not an invitation to buy or sell this or other stocks)

dragonking is correct.. the RM707M sales represent actual sales but NOT yet recognised in its account books or announced results. that is, its managment is correct in its reports that they achieved higher sales of RM707M but the billed sales (captured/included in its results as announced wll be different or less because a portion of the sales remained UNBILLED sales due to payments not yet fully received from the buyers or their financiers(who will pay only based on the schedule of progress payments specified in their S&Ps. The unbilled portions, i.e. the balance of purchase price, will then be carried forward to the next fiinancial quarters. Its OK and is cumulatively positive to future quarterly results as these unbilled sales progressivley turned into BILLED sales (recognised as sales revenues and profits).
Agreed that Symlife's sales revenues and profits will likely jump up in the coming 1Q results (as at 30/6/15). We can expect a Dividend declaration and other rewards for shareholders then..

Hi,azlan88. your clarification on "unbilled sales" was very accurate. its true that developers do not and cannot capture the full values of the sales prices immediately even tho supported by legal S&P agreements. Sales recognition have to be based on the architects' certification of various stages of construction. Hence, biilings for payments, initially on the buyers and then on to their financiers, will be done progressively following their respective schedules per S & P s. Meaning developers will only recognise as sales revenues only those portions that had been billed and payments received up to the end of each quarter. the balance of the sales prices will be carried forward/accumulated into the subsequent quarters. hence nemesis is correct that billed sale revenues will explode up (accompanied with their corresponding profits ) in the coming quarters. The unbilled sales of RM677m IS very positive

Hi, Agreed on your impression on my optimism of this stock. It has all the good fundamentals which u look for when selecting a stock for investment. Hence collects it when its currrent price is still cheap and wait for its value to catch up to its fundamentals.

Generally unbilled sales are houses sold during a certain financial quater but for some reasons and/or based on some criteria, were not captured into that quarter's sales. Not sure if there standard rules among developers governing the practice on capturing sales as sales for a certain quarter and carry forward the balance into the next quarter as "unbilled sales". Such decisions will have an impact on the sales revenue and therefore the profits reported for a particular quater or year. Nevertheless, the fact remains that sales carried forward as "unbilled sales" will have a positive and cumulative financial impact on the subsequent quater's financial results as the subsequent quarter's will be boosted up in its sales and profits.
Hence i agree with nemesis above that the coming 1Q results will be "explosively " good (based on his unbilled sales of RM667M on which a reasonable 10% profit margin or RM67.7M can be expected.
Overall the announced full year net profit > RM40M or EPS close to 15 sen is actually good. Symlife' latest profit is commendable. It's performance is better than many of its competitors. Based on its current price of 0.85 sen against its EPS of 14.82 SEN, ITS PRICE EARNINGS RATIO or P.E. is only 5.6 times (very cheap when compared to P.E.s of some of its competitors' which are now trading at more expensive P.E.s of between 12 to 18 times)
Its also comforting to know that Sylife is backed by a vast strategic landbank owned mostly at very low costs (as indicated by its audited NTA of 2.10 (without revaluation of most of its landbank)

Last year paid 4 sens giving a dividend yield of abt 4.8%

OK. Will do research as well as read up the comments n feedbacks from your 2 sources. Revert to you later. Hope we can share more to do more successful investments

kancs3118 I am not well informed on what is the average salary of the Chairman and Dtors to give a fair comment. Need to have some comparitive figures. After getting some idea on this, we have to evaluate each case on its own merits, including the size of the entity/group of companies he helms as well its profitability.
Notwithstanding the above, i agree with your views in supporting the right combination of salary/shareholdings for the Board so that the minority shareholders will get to share the benefits of the company's growth in a meaningful way.

Tan Sri is not politically active for the longest time. Symlife is not in any business which relies on Govt support. No tenders for any Govt contracts of any kind. Symlife is operating its core businesss very well relying on its own resources and on its own merits.

So used to type in all capital letters. Finds it cumbersome to do otherwise. No offence meant. Did not know it can create the kind of impression on others. Anyway appreciate your feedback. Not aware until a 3rd party feeds back to u..

kancs3118. TAN SRI AZMAN IS NOT INVOLVED IN ANY BIDDING FOR ANY GOVERMENT PROJECTS LIKE MRT, LRT, HIGHWAYS, HIGH SPEED RAIL, ETC. THESE ARE NOT TAN SRI'S OR SYMLIFE'S CORE BUSINESS. HENCE THERE IS ABSOLUTLY NO NEED FOR ANY CRONY RELATIONSHIP. SYMLIFE ALREADY HAS A VAST LANDBANK TO LAST IT FOR THE NEXT 15 TO 20 YEARS. I THINK U WILL AGREE WITH ME. TQ

I THINK ANY RELATIONSHIP REFERRED TO HAPPENED LONG LONG AGO. ITS VERY HISTORICAL. DURING THE LAST 5 TO 10 YEARS, THERE WERE HARDLY ANY NEWS OR EVENTS LINKING THE TWO OF THEM. ANYWAY,
SYMLIFE IS NOW VERY WELL ESTABLISHED IN ITS BUSINESS AND IS ALREADY OWNING A VAST LANDBANK WHICH IS BEING DEVELOPED WITH MANY PRESTIGEOUS PROJECTS, BOTH COMPLETED AND ONGOING. HENCE DATO AND SYMLIFE DO NOT NEED THE SUPPORT OF THE PM OR ANY ONE ELSE. SYMLIFE NOW IS ALREADY A MATURED, VIBRANT COMPANY WITH SOUND FUNDAMENTALS . SYMLIFE HAS ALREADY BEEN STEADFASTLY FUNCTIONING AS A VIABLE BUSINESS ENTITY AND A REPUTABLE DEVELOPER STANDING ON ITS OWN MERITS. NO NEED FOR ANY CRONY SUPPORT FROM ANYBODY.

Symlife's strong fundamentals comes from good management and solid landed asset backing from its vast landbank owned at very low costs. Some opined that if all its landbank is revalued now, its market share will be worth RM9 per share. However prudent management, especially the need to match tax liabilities against cash flows, will not take this corporate policy. instead it will progressively "mine its goldmine" (i.e. by developing it, turn it into cash profits, to unlock value for its shareholders. Nevertheless it will be worthwhile to share Symlife's strong fundamentals so that more investors will be aware of them.
P.E, RATIO : 4.8x (very low compared to its peers and the average P.E. for the property sector) indicative of its share price is very much undervalued.
DIVIDEND YIELD : 4 SEN or 4.8% (if based on last year's dividend payment)
PROSPECTS : EPS already 14.3 sen (at the 9 month/3Q stage)
+ expected/est. 4Q contribution of 16.1 sen
= TOTAL EPS 30.4 SEN (est. for the full year)

: 4 ongoing projects launched (+ another 3 in the pipeline which can be
rescheduled till after a better demand for higher end houses
returns. This fineturning will allow it to prioritise the launching of
its 412 acres RM8B township in Sg Long where it can focus on
affordable housing now and build higher end types later.

: Symlife will still have a comfortable profit margin in Sg Long
due to advantage of low land costs.

SELECTED INDICATIONS OF SYMLIFE'S UNDERVALUED LANDS BENCHMARKED AGAINST CURRENT VALUATIONS (per current purchase prices by its peers):

Stock: [SYMLIFE]: SYMPHONY LIFE BERHAD
Sep 15, 2014 09:24 AM | Report Abuse
The book value of the land per 2013 AR is RM457.7m. The revised land value based on market research and latest transacted prices is RM2.92b. Sg Long land valued at RM100/sqft. Symlife has 310m shares. RNAV of land is RM2.92b/310m = RM9.42/share.

The group’s preliminary projection shows that the 420 acres (170ha) Sungai Long township may carry a total gross development value (GDV) of RM8 billion. The land is deemed a jewel for the mid-sized developer, which has a market capitalisation of RM368.5 million at its current share price of RM1.20.
Stock: [SYMLIFE]: SYMPHONY LIFE BERHAD
Aug 28, 2014 01:55 PM | Report Abuse
Wow, MahSing just paid RM656.9M for 88.7acres or RM170/sqft of leasehold land in Puchong. Very close (~15km) to Symlife's remaining 29.2acres Puchong land. At RM170/sqft, this works out to RM216M or 70c/Symlife share. Symlife has this parcel valued at RM33.9M in its book. Fat margins here.
Anyways let us not take our eyes of the prized assets which is the 419acre of Sg Long parcel. This is going to propel Symlife to RM4 or RM5 easily when the analyst start to cover this stock.

To recap, SYF recently paid RM31.08m to the landowners for the 8.1acre Sg Long parcel. This works out to RM88.15 per sqft.

Symlife has 419acres there valued at RM137.4m or RM7.52 per sqft. Using the RM88 per sqft benchmark, this land is worth an amazing RM1.606B or RM5.18/share on an undiluted basis or RM3.85/share with the warrants fully converted.

Then we have another benchmark from SHL Consolidated whose management stated their Sg Long land is worth RM130/sqft base on market value. Now this is worth Rm7.65/share.

Stock: [SYMLIFE]: SYMPHONY LIFE BERHAD
Aug 25, 2014 05:09 PM | Report Abuse
Go to his website tongkooiong.com. He updates his portfolio regularly and stated the reasons for buying them. He got them at RM1.25.

Aug 18, 2014 06:21 PM | Report Abuse
But for small cap, perhaps a 60-70% discount. So a TP of RM2.7 is not unreasonable.

Aug 13, 2014 02:58 PM | Report Abuse
Currently, the languishing share price presents an opportunity to collect while it is still dirt cheap. When one looks at the property sector, many of the counters have skyrocketed (Guocoland, SHL, SAB) while there are still a few counters that scream buy and Symlife is one of them.

Stock: [SYMLIFE]: SYMPHONY LIFE BERHAD
Aug 13, 2014 09:15 AM | Report Abuse
Guocoland share price spiked up because of analyst coverage.

WE JUST WAIT FOR THE CATALYSTS TO UNFOLD FOR SYMLIFE'S SHARE PRICE.
MEANWHILE WE ARE ASSURED BY ITS SOLID ASSET BACKING

DISCLAIMER
===========
THE VIEWS EXPRESSED HERE ARE PURELY MY PERSONAL OPINIONS WHILE THE DATA PUT FORTH SHOULD NOT BE ACCEPTED AS GOSPEL TRUTHS AND MAY IN FACT BE INACCURATELY SOURCED OR COMPUTED.

HENCE MY VIEWS ARE NOT AN INVITATION TO BUY OR SELL ANY STOCKS.

PRUDENTLY CAUTIOUS ON SHARES WITH EXPOSURE TO THE OVERBUILT SITUATION IN ISKANDAR JOHOR. SPORE GOVT ALREADY SOUNDED WARNING BELL TO ITS CITIZENS WHO ARE BIG PROPERTY INVESTORS THERE. THE GLUT HAD ALREADY FORCED SOME DEVELOPERS TO SCALE BACK.
ISKANDAR PROPERTY GLUT: Developer scraps plan to build 'mega mall'
The principal developer of Iskandar Malaysia, UEM Sunrise Bhd, has ceased its plan to build one of the region's major projects.
Singapore's The Straits Times reported today that no reason was given for the decision to halt plans to build the huge Asian Trade Centre (ATC) in Iskandar, Johor.Others in the industry said the decision to drop such a large facility would create further worry in the Iskandar property market, which is already weakened by oversupply concerns in the residential sector.
Full article: http://www.malaysia-chronicle.com/index.php?
The newspaper noted that this would likely intensify concerns that the fast-growing region is hitting some "speed bumps
Full article: http://www.malaysia-chronicle.com/index.php?

TROP REPORTED TO HAVE PLANNED A 3,000 UNITS RESIDENTIAL PROJECT IN ISKANDAR. MARKET NEWS ARE THAT THEY PRUDENTLY REVISING ITS PLANS TO CHANGE PART OF IT INTO COMMERCIAL.
(Disclaimer)
ABOVE COMMENTS ARE OBTAINED FROM VARIOUS MARKET NEWS SOURCES AND ARE BEING SHARED HERE TO EXCHANGE INFO AND OPINIONS ONLY and had not been verified.
IT IS NOT AN INVITATION TO BUY OR ANY STOCKS

I HAVE RESERVATIONS IN IDENTIFYING THE FINANCIAL BLOG. INSTEAD I HAD ATTACHED AN EXTRACT OF THEIR RELEVANT COMMENTS. IN ADDITION I DID SOME BACK TESTING TO TALLY THEIR CLAIM OF RM500M IN UNBILLED SALES TO BE REFLECTED IN SYMLIFE'S 4Q RESULTS TO 31/3/15. MY OWN FINDINGS IN FACT EXCEEDED THEIR RM500M.

PROJECTS & GDV % SOLD UNBILLED SALES
========= ==== ======= ==============
ELEVIA PUCHONG RM120M 60 72M
DESIRAN KL RM110M 40 30M
(SYMLIFE'S SHARE IS 68% OR RM75M)
TWY MONT KIARA RM400M 50 200M

STAR RESIDENCES KLCC RM724M 80 290M
(1 PHASE 557 UNITS AV PRICE
RM1.3M EACH. J/V 50/50 WITH
UM LAND)
===========================================================================
ESTIMATED UNBILLED SALES FOR SYMLIFE TO BE REFLECTED IN THE 4Q RESULTS
AS AT 31/3/15 TO BE ANNOUNCED SOON = RM592M
============================================================================

TO RECAP (MY EARLIER FORECAST FOR EPS :-
9 MONTH EPS AS AT 31/12/15 (AS ANNOUNCED) 14.3 SEN
ADD PROJECTED EPS FOR 4Q (@ 10% ON ITS UNBILLED SALES 592M 19.1 SEN
=================================================================
TOTAL EST. EPS FOR THE FULL YEAR ENDING 31/3/2015 = 33.4 SEN


=================================================================

(NOTES)
INCLUDING DISPOSAL GAIN RM26.5M OR 8.5 SEN PER SHARE
NOT INCLUDING ANY POSSIBLE IMPAIRMENT ON SHARE HOLDINGS
IN SYMPHONY HOUSE WHICH IS EXPECTED TO BE INSIGNIFICANT
THIS Q.
UNBILLED SALES COULD EVEN BE HIGHER DUE TO INCREMENTAL SALES
DURING THE 4Q FROM 1/1/15 TO 31/3/15.

SOME GOOD GROUNDS TO BE OPTIMISTIC

Disclaimer
==========
PLEASE BE REMINDED THAT MY VIEWS AND ANY FINANCIAL DATA THAT HAD PRESENTED IN THIS FORUM IS PURELY FOR DISCUSSIONS AND THE SHARING OF MARKET KNOWLEDGE FOR MUTUAL EDUCATION AND BENEFIT.

THE VIEWS EXPRESSED HERE ARE PURELY MY PERSONAL OPINIONS WHILE THE DATA PUT FORTH SHOULD NOT BE ACCEPTED AS GOSPEL TRUTHS AND MAY IN FACT BE INACCURATELY SOURCED OR COMPUTED.

HENCE MY VIEWS ARE NOT AN INVITATION TO BUY OR SELL ANY STOCKS.

MY OWN RESEARCH WAS FOR THE 4Q OF ITS CURRENT FINANCIAL YEAR ENDING 31/3/2015.

HI,
DID NOT MATTER WHO WAS IT. TO SATISFY MYSELF I UNDERTOOK MORE RESEARCH AND DID SOME BACK TESTING TO TALLY THE FIGURE OF RM500M IN UNBILLED SALES. PRETTY ACCURATE WHICH THEREFORE SUPPORTS MY OPTIMISTIC VIEWS OF SYMLIFE. I HAVE TO GO OUT SHORTLY. I HOPE I HAVE TIME TO PRESENT MY SO-CALLED CRUDE "RESEARCH AND FINDINGS" AFTER I AM BACK HOME LATER. OTHERWISE I WILL DO IT TOMORROW MORNING. JUST TO EXCHANGE INFO N OPINIONS

BASED ON RM500M UNBILLED SALES TO BE REFLECTED IN ITS 4Q RESULTS, THEN AN INPUT OF 10% PROFIT OR RM50M CAN ADD 10.1 SEN TO ITS FULL YEAR PROFITS. THIS ADDITIONAL 10.1 SEN EPS WILL BE PURELY FROM OPERATING ACTIVITIES (HOUSING DEVELOPMENT)

THE 4Q RESULTS DUE OUT THIS WEEK WILL PROVIDE INTERESTING INSIGHTS INTO ITS ACTUAL BUSINESS PERFORMANCS AS WELL AS IT BUSINESS DIRECTION.

SYMLIFE & SG LONG & 4Q RESULTS EXPECTATIONS
============================================

READ SOME COMMENTS ON SYMLIFE WHICH PROMPTED ME TO ADD IN A FEW LINES WHILE AWAITING ITS 4Q RESULTS TO BE OUT BY NEXT WEEK.
Its 3Q report indicated a plan to focus more on affordable housing to be line with current demand. A financial blog said Symlife do have a plan to cater for more affordable housing in its intergrated township to be developed in its 412 acres Sg Long land and had already paid the premium to convert it to residential & commercial. However this project was held back by the govt's intention to acquire a portion of it for its Langat 2 water treatment plant and to build a new MMR2 access. Hence Symlife really want to do more affordable housing but the Water Restructuring Master Plan delayed it. Now it can proceed and this will enhance Symlife's business prospects.
The financial blog also cited Symlife's unbilled sales of RM500M which will be reflected in its upcoming 4Q results. It estimated that if just 10% of this is turned into profits, the 4Q/Full year profits could be :-
YTD 9 months EPS 14.3 sen
ADD 4Q contribution est.@ 10%xRM500M divided by 310m shares 16.1 sen
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= TOTAL (estimated ) EPS FOR THE FULL YEAR 2014 30.3 SEN
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EVEN IF WE FACTOR IN SOME IMPAIRMENT OF 5 SEN, WE MAY GET EPS OF 25.3 SEN.

POSSIBLE?

Let's wait for its 4Q results to be released in the next few days and see.

CURRENTLY TROPICANA IS FACING THE NEGATIVE NEWS ON ITS SYARIAH STATUS + EXPOSURE TO THE HOUSING SUPPLY GLUT RISKS IN ISKANDAR. HENCE ITS SHARE PRICE WILL ENCOUNTER THESE HEADWINDS AND NEEDS SOME TIME TO CONSOLIDATE AGAINST PROFIT TAKING SELLING PRESSURE.

Saturday, 23 May 2015 18:52
INEVITABLE GLUT in Johor's Iskandar, where there are more homes than in all of S'pore
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INEVITABLE GLUT in Johor's Iskandar, where there are more homes than in all of S'pore
KUALA LUMPUR - Frenzied construction by developers hoping to tap the real estate potential of the Iskandar region is ironically leading to a glut that is depressing property value in the southern economic development corridor.

According to a report by the Financial Times, the Monetary Authority of Singapore (MAS) has already sounded a warning over the 336,000 private residential units either built or being built in Iskandar to target buyers from the republic.

The figure exceeds the total of all completed private homes on the market in the island state, said the MAS, illustrating the margin with which supply will exceed demand in Iskandar.

The development in Iskandar also far outstrips any that are meant for local buyers in the rest of Johor, which official figures put as 38,000 under construction and a further 48,000 in the planning stage.

Worryingly for the primarily China-based developers is that most of these projects are already in progress even as demand is tapering off.

One such developer, Country Garden, has 45 condominium towers with a combined total of 9,500 units set to come online in 2017, but has received bookings for less than a third some two years after construction began in 2013.

This excess supply is also hitting builders such as Guangzhou R&F Properties that has sold just half of its 1,400 luxury home units in the region; another, Greenland Group, is planning another 2,000.

Aside from the obvious glut, other factors depressing sales in the region are the prices that have ballooned to levels comparable to the national capital of Kuala Lumpur and property controls that limit foreigners to buying property priced at no less than RM1 million.

According to data by Asean Confidential, the effects on property value growth in Iskandar is already palpable.

Going into 2012, it began climbing steadily to eventually outstrip the national average, before peaking at 25 per cent in annual appreciation. But it began falling almost immediately, plunging to 10 per cent last year, less than a percentage point over the rest of the country.





Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=517941:inevitable-glut-in-johors-iskandar-where-there-are-more-homes-than-in-all-of-spore&Itemid=3#ixzz3b0MsYqDk
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TO ME, PRIORITISING THE DEVELOPMENT OF SG. LONG LAND OVER THE OTHER 4 PLANNED BUT NOT YET LAUNCHED PROJECTS OF THE HIGHER END SEGMENT OF THE PROPERTY MARKET IS PRUDENT TWEAKING OF THEIR DEVELOPMENT STRATEGIES TO FOLLOW AND MEET THE RIGHT/CURRENT CUSTOMERS' DEMAND. AFFORDABLE HOUSING IS THE RIGHT PRODUCT NOWADAYS. LOGICALLY, SYMLIFE SHOULD DO THIS FOR THE REASON:
SG LONG LAND'S LOCATION IS NOT PRIME COMPARED TO KLCC OR MONT KIARA BUT ITS STILL QUITE GOOD BEING IN THE KAJANG/CHERAS AREA. IT WILL NOT BE A "WASTE" TO DEVELOP IT FOR AFFORDABLE HOUSING. SYMLIFE CAN STILL MAKE A COMFORTABLE PROFIT MARGIN DUE TO ITS LAND COST HOLDINDS BEING VERY LOW (OWNED LONG AGO UNDER BOLTON'S TIME) 412 ACRES IS HUGE AND SYMLIFE CAN BUILD AFFORDABLE HOUSES NOW FOR FASTER MONETISING OF THIS UNDERVALUED LANDBANK AND GENERATE FASTER CASH INFLOWS AND RESERVE SOME PORTION OF IT FOR MORE HIGH END DEVELOPMENT WHEN MARKET DEMAND FOR THE LATTER RETURNS.

WE WILL GET A CLEARER PICTURE FROM THEIR 4Q REPORTS WHICH SHOULD BE RELEASED NEXT WEEK.

DID SOME RESEARCH. PERSONALLY, THE OVERALL FINDINGS ARE STILL POSITIVE AFTER TAKING INTO AC THE CURRENT SOFTER PROPERTY MARKET CONDITIONS. SOME INDICATIONS ON ITS ON-GOING PROJECTS (including those planned to be launched in the 2nd half of 2015):
1) ELEVIA RESIDENCES. (more than 60% sold as at 30/9/2014 per its 3Q results report)
2) STAR RESIDENCES@KLCC (50:50 J/V with UMLAND. More than 80% sold as recently reported. Its very prime location near the Iconic Petronas Twin Towers attracted good excellent demand/sales)
3) THE WHARF RESIDENCES @TOWER28 (villas + 1 block of 25 storey condo at Tmn Tasik Prima, Puchong. don't have news on its take up rate. However location is said to be good)
THE OTHER 4 PROJECTS listed as "on-going" are planned to be launched in the 2nd half of 2015 (per its 2nd Q report). In view of the softer market for high end houses and the higher demand for affordable housing, i believe the D'tors may reschedule their launches if their own research warrants such a business strategy.
AS I HAD EARLIER OPINED. SYMLIFE GOT LUCK. AND I BELIEVE IT WILL TAKE ADVANTAGE OF THE LUCKY BREAK IN GETTING THE GREENLIGHT TO PROCEED WITH ITS RM8B SG. LONG PROJECT (which was delayed by the stalemate in the water restructuring master plan but now agreed to be implemented within 60 days). Its 412 acres in the Kajang/Cheras district is huge and owned long ago at very low costs. This location is non-prime but still good and very suitable for AFFORDABLE HOUSING.
HENCE I BELIEVE A REPLANNING BY SYMLIFE IN GIVING PRIORITY TO THE SG LONG PROJECT AND REVISE THE LAUNCHING OF ITS YET TO BE LAUNCHED 4 PROJECTS WILL BE
GOOD BUSINESS STRATEGY WHICH WILL BE WELL RECEIVED BY INVESTORS.

(NB. READ IN ITS 3Q FINANCIAL REPORTS THAT SYMLIFE SOLD SOME NON-CORE ASSETS AND BROUGHT IN A CASH INFLOW OF RM63M TOGETHER WITH A CAPITAL GAIN OF RM26.5M. Positive news.)

LOOKING FROM A POSITIVE PERSPECTIVE, SYMLIFE'S BUSINESS PROSPECTS SHOULD BE OK. THEY HAD THE FORTUNE OF GOOD TIMING FOR HAVING SUCCESSFULLY LAUNCHED ITS 7 HIGH END PROJECTS CATERING FOR THE PREMIUM MARKET SEGMENT BEFORE THE SOFTER SENTIMENTS SETS IN. THE HIGH TAKE UP RATES IN ALL THESE ONGOING PROJECTS WILL PROVIDE SUPPORT IN TERMS OF GDV, PROFITABILITY AND CASH FLOWS.

SYMLIFE IS ALSO LIKELY TO CONTINUE IN ITS FORTUITIOUS PATH. kancs3118 said "in their last quarterly report, they are going to shift to affordable housing". I THINK SYMLIFE'S
DIRECTORS ACTUALLY HAVE GOOD FORESIGHT AND BUSINESS ACUMEN. THEY HAD CORRECTLY FORESEEN THE LIKELY CHANGE IN THE FUTURE OF PROPERTY DEVELOPMENT IN THE NEXT FEW YEARS AND ARE ACTUALLY PREPARING FOR THE SHIFT TO AFFORDABLE HOUSING TO STRENTHEN THEIR BUSINESS FUNDAMENTALS. THEY ALSO HAVE THE LUCKY BREAK FROM THE JUST ANNOUNCED 60 DAYS FEDERAL/SELANGOR STATE GOVT COMPLETION TIMELINE FOR THE "WATER RESTRUCTURING FOR SELANGOR". SYMLIFE'S SG LONG'S RM8B GDV PROJECT IN ITS 412 ACRES WAS HELD BACK BYTHE NEED OF THE STATE GOVT TO ACQUIRE PART OF SG LONG'S LAND FOR THE LANGAT2 WATER PLANT AND THE PROPOSED NEW HIGHWAY THERE. SYMLIFE CAN NOW PROCEED AND ITS 412 ACRES IS HUGE AND THIS IS WHERE SYMLIFE CAN NOW "shift to its preplanned affordable housing there.Its 412 acres is big and therefore able to accomodate it in its mixed housing strategy. SG LONG'S LOCATION IN THE KAJANG/CHERAS DISTRICTS (NON PRIME AS IN ITS KLCC, MONT KIARA) IS ALSO SUITABLE FOR AFFORDABLE HOUSING. SYMLIFE ALSO HAS THE HUGE COST ADVANTAGE IN THAT IT OWNS SG LONG LAND AT VERY VERY LOW COSTS ( INHERITED FROM ITS PREDECESSOR'S TIME (BOLTON). HENCE WILL STILL HAVE A COMFORTABLE PROFIT MARGIN

FULLY AGREED THAT WHILE LOOKING FOR SHARES WITH GOOD INVESTMENT RETURNS LIKE CAPITAL GAINS, DIVIDEND YIELDS, RISK MANAGEMENT ESPCIALLY ITS SAFETY MARGIN IS ALSO IMPORTANT IN THE PRESERVATION OF OUR CAPITAL FUNDS

kancs3118 The fact is that Symlife is very strongly backed by tangible assets in the form of its valuable and sizeable landbank. Its audited NTA is already 2.10. Some estimated its RNAV @ RM9.00 per share if its landbank is revalued benchmarked against recent land transactions in areas where Symlife owns significant acreages. Most importantly Symlfe's Directors are competently and diligently unlocking the value of its landbank by developing it, thus creating value for its shareholders. It had already successfully launched 7 high value projects the last 2 years and has another 3 in the pipeline. To all these will soon be added its next big one at Sg Long (now that the Water Restructuring Master Plan especially Langat2 is going to be implemented within 2 months, thus clearing the way for development of Sg Long).
U directed me to gather more info on Symlife from James70. One particular comment from there impressed me deeply " those who invest in Symlife shares will be rewarded with a very tidy profit". Many thanks kancs3118.

kancs3118. hi, no details yet on the size of the land acquisition for Langat2. The portion required for waterworks normally are not much n as a percentage to Sym's Sg Long landbank size, it will not be significant. Luckily Symlife's landbank at Sg Long with 460 acres is big and can accomodate the requirement without hampering the development of the rest of the land.
The 2 month timeline to implement the water restructuring Master Plan is reasonable. THhe process to develop Sg Long's landbank can proceed without further delay.

The relevant law on land acquisition by the Govt will follow the the current/prevailing market valuation Already in practice for some time. The exact terms of Govt compensation is not known yet.

GREAT FOR SYMLIFE. GOOD NEWS ON SELANGOR WATER RESTRUCTURING, IMPLEMENTATION OF LANGAT 2, AND HENCE VERY POSITIVE FOR THE DEVELOPMENT OF SYMLIFE'S SG LONG LANDBANK. ITS GDV WORTH RM8B IS HUGE AND IT COMES WITH BIG PROFIT MARGETS DUE TO ITS VERY LOW HOLDING COSTS AND HIGH CURRENT MARKET VALUATION OF LANDS THERE. SYMLIFE'S 460 ACRES IS HUGE.HENCE ANY LAND ACQUISITION WILL BE RELATIVELY MINOR IN PROPORTION AND THE COMPENSATION WILL BE BASED ON CURRENT MARKET VALUATION. IN ADDITION A NEW EXPRESSWAY IS BEING PROPOSED THROUGH THE LANDBANK. MORE ACQUISITION CASH TO BE RECEIVED WHILLE ALSO BOOSTING THE MARKET VALUES OF THE REMAINING LANDBANK WHICH WILL STILL BE LARGE. MOST IMPORTANTLY,THE DEVELOPMENT OF ITS SG LONG LAND WILL BE EPEDITED.

THE NEWS RELEASE IS ATTACHED HEREUNDER:

Master agreement on water restructuring to be revived
May 20, 2015
PUTRAJAYA: The Federal and Selangor governments have agreed to complete the restructuring exercise of the Selangor water supply industry within 60 days by reviving the Master Agreement.

“We both also agreed to complete the restructuring exercise within 60 days,” he said in a statement today.
Ongkili said with this latest commitment of the menteri besar, the Selangor government also promised to honour all the commitments made earlier to expedite the issuance of necessary approvals for permits and land required for the Langat 2 Water Treatment Plant and its distribution system.

kancs3118. AGREE WITH YOUR POINTS ON THE CURRENT SOFTER PROPERTY MARKET ESPECIALLY FOR HIGHEND SUB SECTORS. NEVERTHELESS, MY OPTIMISM IS BASED ON THE SUCCESSFUL LAUNCHES OF THE 7 ONGOING PROJECTS, ALL OF WHICH WERE REPORTED TO HAVE ACHIEVED THEIR HIGH TAKE UP RATES MAINLY DUE TO THEIR PRIME LOCATIONS AND THE GOOD TIMING OF THE LAUNCHES (BEFORE THE CURRENTSOFTER DEMAND CONDITIONS) THE SUCCESS OF THESE ONGOING 7 HIGH VALUE PROJECTS WILL STAND IN GOOD STEAD FOR SYMLIFE'S PERFORMANCES FOR THE NEXT FEW YEARS. EG, STAR RESIDENCES@KLCC LAUNCHED SEVERAL MONTHS BACK HAD ALREADY ACHIEVED ITS 80% TAKE UP RATE. IT BEEN LOCATED IN THE CITY CENTRE AND ITS PROXIMITY TO THE PRIME ICONIC KLCC PETRONAS TWIN TOWERS WILL HELP IT TO BE SUCCESSFUL IN THE LAUNCH OF PHASE TWO OF THE STAR RESIDENCES.

THE OTHER PLUS FACTORS SUPPORTING THE PROSPECTS AND CONTINUING PROFITABILITY OF SYMLIFE ARE ANCHORED IN THE FACT THAT ALMOST ALL ITS LARGE LANDBANK WERE OWNED AT VERY LOW COSTS COMPARED TO THEIR CURRENT MARKET VALUES. THEY THUS HAVE VERY FAT PROFIT MARGINS TO CUSHION THEM IN ANY SLOWDOWN IN THE PROPERTY MARKET.

HI AGAIN. HA HA. LOOKED INTO ITS BALANCE SHEET AS AT 31/12/2014 AND CONFIRMED U WERE RIGHT, I.E. THE TREASURY SHARES HAD ALREADY BEEN DISTRIBUTED EARLIER.

NEVERTHELESS, ITS RETAINED PROFITS AS AT 31/12/14 IS HUGE AT RM306.3 MILLIONS AND WILL BE HIGHER AFTER ADDING IN THE PROFITS FOR THE 4Q ENDING 31/3/2015. CAN I BE OPTIMISTIC FOR A BUMPER CASH DIVIDEND OR THE SAME 4 SEN LIKE LAST YEAR BUT SWEETENED WITH AN ADDITIONAL SPECIAL DIVIDEND OR EVEN A BONUS ISSUE TO REWARD SHAREHOLDERS ON ITS 50TH YEAR ANNIVERSARY!!!. IT WILL BE WONDERFUL AND THEY CAN AFFORD ALL THESE (NTA 2.10 + RETAINED PROFITS RM306M.

WHEN I SUGGESTED A POSITIVE CAPITAL MANAGEMENT (eg bonus issue ) EARLIER ON, I WAS OF THE OPINION THAT IT COULD BE AN EFFECTIVE CORPORATE ACTION PLAN TO EXPAND ITS SHARE CAPITAL BASE FROM ITS PRESENT RELATIVELY SMALLISH 310M (PAR RM1) TO ENHANCE THE LIQUIDITY OF ITS SHARES TO ATTRACT INSTITUTIONAL INVESTORS. WHEN LOCAL AND FOREIGN FUND MANAGERS LOOK FOR STOCKS TO INVEST IN, THEY ALWAYS CONSIDER ITS SHARE LIQUIDITY AS IMPORTANT. INSTITUTIONAL INVESTORS WILL ENHANCE THE CORPORATE IMAGE AND THE BRAND NAME OF SYMLIFE. IT DESERVES IT. THIS CAN PROPEL SYMLIFE TO JOIN THE FAMILY OF TOP PROPERTY DEVELOPERS.

hi, did i obtain the correct info?
but the following announcment + the 10,000 bgt in 2015 will add up to 398,329 retained as Treasury shares.


Notice of Shares Buy Back by a Company pursuant to Form 28A

SYMPHONY LIFE BERHAD

Date of buy back from

01/12/2014
Date of buy back to 01/12/2014
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 10,000
Minimum price paid for each share purchased ($$) 0.970
Maximum price paid for each share purchased ($$) 0.970
Total amount paid for shares purchased ($$) 9,752.91
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units) 10,000
Total number of shares retained in treasury (units) 388,329
Number of shares purchased which were cancelled (units) 0
Total issued capital as diminished 0
Date lodged with registrar of companies 08/12/2014

LIKELY POSITIVE CATALYSTS TO DRIVE UP SYMLIFE'S SHARE PRICE AS IT DESERVES A MORE REALISTIC/FAIRER FAIR SHARE VALUE vis -a-vis ITS FUNDAMENTALS eg, CURRENT NTA 2.10, 9MTH PROFIT 39M, EPS 14.3 SEN, DEEPLY UNDERVALUED LANDBANKS.
SUCH CATALYSTS SHOULD INCLUDE :
1) A BETTER 4Q AND FULL YEAR RESULTS
2) HIGHER CASH DIVIDENDS + TREASURY SHARE DISTRIBUTION + POSITIVE CAPITAL MANAGEMENT LIKE BONUS ISSUE. LIKELIHOOD TO CELEBRATE ITS 50TH YEAR ANNIVERSARY.
3) ACTIVE AND PROGRESSIVE UNLOCKING THE VALUE OF ITS DEEPLY UNDERVALUED LANDBANK ASSETS.VIA ITS ONGOING AND UPCOMING PROPERTY DEVELOPMENT PROJECTS. GOT 7 ONGOING PROJECTS INCLUDING THE STAR RESIDENCES@KLCC, TWY@MONT KIARA, THE WHARF RESIDENCES TOWER28. ITS 3 UP COMING PROJECTS INCLUDE THE WHARF-RETAIL MALL, TAMAN TASIK PRIMA, PUCHONG, AND 51G K, SIGNAL HILL KK.
THESE DEVELOPMENTS WILL MONETISE ITS VALUABLE BUT DEEPLY UNDERVALUED LANDBANKS (I.E. TURN THEM INTO CASH PROFITSTO BRING UP THE MARKET VALUE OF ITS SHARES THEREBY REWARDING ITS SHAREHOLDERS

kancs3118. Will get more views n info from james70. thanks

Agreed. Warren Buffet, the world's most successful stock market investor advised against "timing the market". Difficult to accomplish. Hence after ascertaining its strong fundamentals, buying it when its share price is still low (undervalued relative to its present NTA 2.10 which is conservative based on the fact that many of its landbank assets in prime locations have not been revalued at all)can be the appropriate "entry price "investment strategy.
Read that it's huge and valuable land in Sg Long, KL/SELANGOR,is ready as it had recently paid the land conversion premium. Will get more details for sharing.

SYMLIFE . My positive views : the extraordinary gains on its disposals of non-core assets/businesses is a good strategy as it raised cash resources (to support its core business ops), reduced its gearing (thus saving interest costs), Will increase profitability, EPS and enhance its ROE, thus strengthening its financial fundamentals on top of its strong assets fundamentals (valuable landbanks which are (very undervalued.
All the right strategies supporting its sound financial & asset fundamentals.
Waiting for the CATALYSTS to rally its share price.I believe it has many potential catalysts.

SORRY . U DID MENTIONED THE 20 % SHARE HOLDINGS.
NEVERTHELESS, MAYBE WE CAN NOW LOOK AT THE POSITIVE SIDE OF CROSSHOLDING OF SHARES. HENCEFORTH THERE MAY NOT BE ANY MORE IMPACT OF ANY MARK TO MARKET ON THE BOTTOM LINE OF SYMLIFE (ALREADY DONE IN PREVIOUS QUARTERS' RESULTS AND SYMPHONY HOUSE'S SHARE PRICE HAS NOT VARIED MUCH NOR HAS ANY SIGNIFICANT DOWNSIDE. ON THE OTHER HAND, THE PRICE OF SYMPHONY HOUSE CAN RALLY ON ANY PROGRESS OF THE RTO FOR RANHILL (MORE FOR ITS WATER ASSETS).

SYMPHONY HOUSE'S FUNDAMENTALS ARE ALSO SOUND/STRONG AS INDICATED BELOW:


Symphony will be a very interesting share to be monitor in the coming days due to
- RTO process to Ranhill Energy & Resources Berhad
- Net cash position of RM 40m, and a possibly RM 65million after the sale of Symphony HRS
- Possible special dividend payout to shareholder
- Current cash value being 40% of the share price at RM 0.15
- Huge accumulation at the range of RM 0.20 and above


(BASED ON THE ABOVE, THERE ARE ALSO GOOD/POSITIVE UPSIDES FOR SYMLIFE'S SHAREHOLDINGS IN SYMYHONY HOUSE. SYMLIFE WILL BENEFIT A LOT IF SYMPHONY GIVES ITS SPECIAL DIVIDENDS. ALSO, ANY NEWS OF PROGRESS ON THE RTO WILL RALLY UP BOTH SYMLIFE'S AND SYMPHONY HOUSE'S SHARE PRICES.

ALL IN ALL, I REMAIN POSITIVE ON SYMLIFE WITH ALL ITS VERY UNDERVALUED LAND ASSETS IN PRIME LOCATIONS (NTA ALREADY 2.10 BEFORE REVALUATION), CONTINUING PROFITABLE RESULTS, MANY ON GOING PROJECTS, IT BEING GENEROUS IN REWARDING SHAREHOLDERS. LET'S BE OPTIMISTIC IN ITS UPCOMING 4Q/FULL YEAR RESULTS ANNOUNCEMENTS.

TQ

COMING BACK TO SHAREHOLDINGS. DO SYMLIFE OWN ANY SHARES IN SYMPHONY HOUSE?

HI, CANCS3118,
NICE TO EXCHANGE INFO TO SHARE OUT WHAT EVER WE CAN ONTAIN FROM MARKET SOURCES.
I ALSO BELIEVE THE PENANG PROJECT IN SURIN IS AN OLD PROJECT. BASED ON THE INFO I GOT IN APRIL 2014, THEY HAVE A 3.41 ACRES FREEHOLD LAND IN TANJUNG BUNGAH PULAU PINANG. (WILL TRY TO FORWARD THE DETAILS )