SYMPHONY LIFE BERHAD

KLSE (MYR): SYMLIFE (1538)

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Last Price

0.225

Today's Change

-0.005 (2.17%)

Day's Change

0.225 - 0.24

Trading Volume

90,800


8 people like this.

4,341 comment(s). Last comment by Michael Kwok 6 days ago

JN88

11,670 posts

Posted by JN88 > 2014-09-03 21:21 | Report Abuse

After dividend ex-date maybe will drop...but quarter report is coming...so no worry.....

kancs3118

2,225 posts

Posted by kancs3118 > 2014-09-03 21:43 | Report Abuse

newbie here...just to confirm - ex-date means the date whereby those who hold the shares by that date will receive the dividend. And is they sell after the ex-date, they stand to receive the dividend. Is it correct?

Firebird2

1,730 posts

Posted by Firebird2 > 2014-09-03 22:13 | Report Abuse

kancs3118, symlife dividend will be Ex on 23/9.
If you have any symlife shares on the very last second of the trading day before 23/9, these shares are entitled for dividends.

kancs3118

2,225 posts

Posted by kancs3118 > 2014-09-04 10:25 | Report Abuse

thanks for the infor. I am planning to acquire more of SymLife. When do you think is the best time to move in? Now, or waiting after ex-date (23/09)? But the price now at RM1.16 seems to be quite attractive.

Firebird2

1,730 posts

Posted by Firebird2 > 2014-09-04 10:44 | Report Abuse

The past couple of days, market has been weak and Symlife followed that too. After ex date, mostly will drop (based on observation of other counters), similarly, the dividend has been the driver for the price movement to a certain extent, once its gone, there isn't any for the time being till some major announcement comes from the company. I think the market has somewhat mostly level now at the base and now you can see some movements up for a lot of beaten down counters. For me, I am waiting for after Ex, as I am unsure if the worst is over. Just an opinion from me, hope it helps. Others can comment too.

kancs3118

2,225 posts

Posted by kancs3118 > 2014-09-04 13:12 | Report Abuse

if that is the case, better buy one day after ex-date.

JN88

11,670 posts

Posted by JN88 > 2014-09-04 14:49 | Report Abuse

If crazy sell after dividend ex-date lagi bagus can collect more for next year dividend .....I think most of investors here aim for long term ......once up to rm1.4 (24 sen vs 4 sen)...better hold for long term...jz my opinion...

cckkpr

219 posts

Posted by cckkpr > 2014-09-04 16:46 | Report Abuse

If you hold it for the dividends, you won't sell it after ex if if it drops more than the dividend payable. YOu might as well sell before ex.

power88

1,588 posts

Posted by power88 > 2014-09-04 16:57 | Report Abuse

1.4 soon

kk123

1,964 posts

Posted by kk123 > 2014-09-05 08:30 | Report Abuse

It can usually suddenly move up .. Dividend is just one of the factor, it can give also bonus or free warrants .. The company is undervalue ..

Posted by profithunter > 2014-09-05 08:41 | Report Abuse

mqrket is not good and expect to remain like that for next 2 mths..better stay away for a while

Posted by investor8888 > 2014-09-05 10:25 | Report Abuse

mayb today will shoot high..

JN88

11,670 posts

Posted by JN88 > 2014-09-05 10:29 | Report Abuse

Anyone know how to register to go the AG meeting?

james70

327 posts

Posted by james70 > 2014-09-05 10:42 | Report Abuse

This morning it has a 93% buy rate. Some funds are possibly picking this up.

power88

1,588 posts

Posted by power88 > 2014-09-05 10:52 | Report Abuse

because of undervalue....

Posted by investor8888 > 2014-09-05 10:53 | Report Abuse

yes...will shoot soon...

kancs3118

2,225 posts

Posted by kancs3118 > 2014-09-05 11:22 | Report Abuse

sigh - should have loaded extra yesterday when it was sitting at RM1.16......

solvent

62 posts

Posted by solvent > 2014-09-05 15:48 | Report Abuse

new way of sapu shares, few lots every minutes???

Posted by investor8888 > 2014-09-05 17:03 | Report Abuse

not bad .. up 3 sen..

Posted by Molek Nan Fang > 2014-09-06 02:40 | Report Abuse

Up 3 cents fr its present support at 30-DAY moving average, which is at 1.16, without any latest news. Is considered a good sign. More volume is required.

azlan88

509 posts

Posted by azlan88 > 2014-09-06 11:26 | Report Abuse

It has found support at RM1.18. Very good. Accumulation phase 2 after phase 1 at RM1.03. Believe it wil shoot up to RM1.40

kk123

1,964 posts

Posted by kk123 > 2014-09-06 15:59 | Report Abuse

It's ready to go up next level ..

kancs3118

2,225 posts

Posted by kancs3118 > 2014-09-07 13:19 | Report Abuse

just asking, do you guys still think i should bid for RM1.17?

reach_rich

418 posts

Posted by reach_rich > 2014-09-07 15:47 | Report Abuse

no. better dont. u will regret after u bought!

JN88

11,670 posts

Posted by JN88 > 2014-09-07 17:08 | Report Abuse

@reach_rich: why ? any opinion?

power88

1,588 posts

Posted by power88 > 2014-09-07 22:04 | Report Abuse

buy now and wait 2nd QR ...sure up...now is the time to collect

azlan88

509 posts

Posted by azlan88 > 2014-09-08 00:10 | Report Abuse

saw their advertisement on elevia residences promotion on 6&7 sept. believe it will have good take up.

JN88

11,670 posts

Posted by JN88 > 2014-09-08 13:39 | Report Abuse

Shareholder buy the house ada discount or not? hahaha jz kidding....how good if ada special offer...

azlan88

509 posts

Posted by azlan88 > 2014-09-09 07:32 | Report Abuse

Haha. very good if they offer discount for shareholder. then people will rush to get the shares for the sake of discount. lol

JN88

11,670 posts

Posted by JN88 > 2014-09-09 08:49 | Report Abuse

Term and condition: hold the share (how many they decide) at least more than 2 years ...discount % depend on how many share u have and how long will you holding.....house cant transfer to other within 5 years after date of S&P....hahaha jz kidding

power88

1,588 posts

Posted by power88 > 2014-09-09 10:16 | Report Abuse

JN 88,ur right..share hv discount NTA=2.03, Share price=1.18
discount 58%...so better buy share rather than buy SYMLIFE house..hahaha

JN88

11,670 posts

Posted by JN88 > 2014-09-09 14:36 | Report Abuse

Powerr 88: yup buy share better than buy their house for current SALES and OFFER peroid.... after hv extra money baru buy their nice nice house...hahaha

Posted by nightkid123 > 2014-09-09 14:59 | Report Abuse

Symlife's landbank is very valuable considering latest transactions in puchong and sg long
It all depends on the mgmt when are the lands going to be monetized or what are they gonna do abt it

Seeing KSL & Ibhd keep going up , but their landbank is terrible
Only pro is that they have recurring income in KSL's shopping mall & Ibhd theme park.
Which if you ask me do not think is doing well.

reach_rich

418 posts

Posted by reach_rich > 2014-09-09 17:11 | Report Abuse

Goreng is the main reason!!!

azlan88

509 posts

Posted by azlan88 > 2014-09-10 07:22 | Report Abuse

anyone goes to their AGM today?

solvent

62 posts

Posted by solvent > 2014-09-10 10:16 | Report Abuse

Good news announce at AGM??

solvent

62 posts

Posted by solvent > 2014-09-10 10:19 | Report Abuse

SYMLIFE (1538)

SYMLIFE has rebounded off the RM1.16 support level and ended above the EMA9 level. The MACD Line is hovering above zero, while the MACD Histogram has turned green. The RSI, however, is below 50. Price could inched higher towards the near term resistance of RM1.24, followed by the next target of the RM1.34 levels.

Source:MalaccaSecurities Research - 10 Sep 2014

azlan88

509 posts

Posted by azlan88 > 2014-09-10 10:23 | Report Abuse

Time to add!

azlan88

509 posts

Posted by azlan88 > 2014-09-10 10:24 | Report Abuse

Need volume to push higher

pro888

182 posts

Posted by pro888 > 2014-09-10 10:52 | Report Abuse

I hold since Mar until now !!! Long

james70

327 posts

Posted by james70 > 2014-09-10 11:18 | Report Abuse

Any positive news will be catalyst to push Symlife past both resistances.

JN88

11,670 posts

Posted by JN88 > 2014-09-10 11:31 | Report Abuse

All depend on the BIG BOSS.....if they want the share price up then up....they are the person determine the future planning...

Icon8888

18,659 posts

Posted by Icon8888 > 2014-09-10 11:45 | Report Abuse

i bought some wb at 48 sen

Icon8888

18,659 posts

Posted by Icon8888 > 2014-09-10 11:46 | Report Abuse

i like small cap developer. they can grow

sky2

756 posts

Posted by sky2 > 2014-09-10 13:11 | Report Abuse

Symphony Life Bhd is set to achieve at least RM2 billion in property sales by 2018, according to Executive Chairman Tan Sri Azman Yahya.

Azman said Symphony Life, formerly known as Bolton Bhd, saw good demand for its RM2.5 bilion worth of real estate launches.

"Although the market had seen signs of softening over the past 12 months, we had launched projects with total gross development value (GDV) of RM2.5 billion with excellent take up rates," Azman Yahya told reporters after Symphony Life's annual general meeting here today.

He said Symphony Life was confident that the market would return to a steady pace next year.

Azman said the company was well positioned to capitalise on opportunities in the property market.

"Furthermore, the Bank Negara Malaysia is taking some measures in promoting a stable and sustainable property market.

"With projects having estimated total GDV of almost RM4 billion to be launched within the next five to seven years, we are well poised to take advatage of any upturn in the property market," he said.

Symphony Life's freehold Star Residences, TWY Mont Kiara, Signal Hill, and Shah Alam U10
are among projects in the launch pipeline.

He also said Symphony Life was actively looking to add to its land bank for future development.

On its township development in Sungai Long within Selangor's Kajang district, Azman said the development of the land would not be taking place anytime soon.

He said this was due to the Selangor state government's plan to acquire part of the land for the Langat 2 project and a proposed new highway.

"The amount of land that will be acquired has yet to be finalised. We hope we could get a certainty by end of the year."

According to the company preliminary projection, the 168 ha (420 acre) Sungai Long development may carry a GDV of RM8 billion.

Posted by nightkid123 > 2014-09-10 15:44 | Report Abuse

Looks like gonna be stuck for a very long time .. I think they wanna follow in glomac's footsteps
not KSL nor Ibhd

reach_rich

418 posts

Posted by reach_rich > 2014-09-10 15:45 | Report Abuse

better sell it!!!

kancs3118

2,225 posts

Posted by kancs3118 > 2014-09-10 17:13 | Report Abuse

just curious...what is the size of the Sungai Long land that the Selangor state government is looking to acquire? hopefully, the state government will pay market rate and not resort to land grab.

Apart from this, Sungai Long land will be the backbone/ core project for this company and will keep the monies rolling in for a few good years. It is encouraging to see that the company is not overly reliant on Sungai Long and has many other projects in the pipeline for the time being.

Posted by nightkid123 > 2014-09-10 17:24 | Report Abuse

I do not think that there will be land grab considering Tan Sri's connections. From Tan Sri, they are looking at around 100-200acres. Location yet to be determined which is why no project launches yet.

You are right abt Sg Long. Like I mentioned, it will be a matter of time mayb 2016 earliest? 2017 will see the completion of Ahmad Zaki interchange which is the EKVE.

Posted by nightkid123 > 2014-09-10 17:30 | Report Abuse

Meantime, i doubt there will be any good news coming from them apart from financial gains from sale of land and shares.
I hope they prove me wrong !

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