Nevermind la. No point everyday looking at it just for hoping it goes up. Need to work also. Inveatment need patient. It is an undervalue company. Give 2 month time.
I noticed that property counters are badly hit this week due to QE tapering fear. Symlife is fundamentally strong, with debt decreasing and cash rising. Major shareholders are still holding on their shares, except for warrants.
Symlife does not pay cash dividends right now (last time distribute the treasury shares), although it had done so in the past. I believe they might be using cash to pare down borrowings before giving out dividends again. With several projects in Klang Valley, Symlife has a good prospect, and it is undervalued NTA (RM1.93!).
If it managed to get the EPS 4 cent for last quarter, total EPS for the whole 2014 will be around 17-18cent. At PE 10x, symlife will fetch a price of RM1.70 to RM1.80, which is close to its NTA. Actually I am excited to see the price going down, giving me time to collect at lower price. Btw, its Q4 FY14 will be announced around 29th May 2014. So stay tuned! haha
to newbie, investing requires patience and takes time. Last year, I bought Tambun at RM1.40 around July. At that time Tambun had just announced their Q2 result which was a record at that time. Everthing is good but suddenly QE tapering things struck (hate that we always panic too much) and the share price nosedive until at one point it reaches RM1.12. Knowing that it is fundamentally good, I decided to wait on recovery and happily sold at RM2.00 in April this year. Plus got some dividend in between some more. haha
true true... have to do more research, so that to be more confident on the company. I think this company fundamental is good, but it also depend on the overall property sector prospectus.
How many of you get trap in this counter because of bonescythe recommended it & u jump ur neck in like a wild goose Meanwhile the person who rec it already throw and took profit Left are the victims This is lesson to you all - not to blindly jump in as the person recommend it will sell to u :)
I buy for long term, all share down not just this counter, share up and down , no share up everyday, you want $$$ don't play contra. 2009 to 2012 I lost RM60K, sell all and put all in property counter, Today recover all lost plus profit.
Big boss dictates the price range. Push down to force sell the contra players n push up to allow his cronies to sell some shares. The cyclical event will continue to repeat periodically. U can take advantage of its behavior by riding the wave to emerge as a victor.
Tony, Huayang 2011-07 to 2013-03 sold all profit RM8K, MPCORP lost, plan to keep 1-2 year. wait for right timing to enter huayang. symlife wait for star resident next to KLCC and MRT.
Malaysian research firm HwangDBS Vickers has reported a positive response from potential American investors in Malaysian property, as the firm recently met 26 fund managers in six cities during a roadshow in the US.
The research firm said most of the fund managers found that the RM48 billion (US$15.7 billion) Mass Rapid Transit project would be a huge structural catalyst for the Kuala Lumpur real estate given the large multiplier effect.
“They concur that the major winners will be the owners of large landbank near interchanges with potential for high density mixed developments benefit from plot ratio expansion,” it said in a research note Monday.
It said fund managers have also heard about Malaysia’s Economic Transformation Programme (ETP).
The research house also said Malaysia was seen as a safe haven with lower policy risk, a young population, strong commodity-led economy and strengthening ringgit.
i am not an expert but if you believe in the fundamentals then as long as you have holding power you will not be scared by the volatility...and the directors sold the warrants not the mother share
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Posted by 林俊松 > 2014-04-30 22:18 | Report Abuse
When Symlife will b going up?