agree with james70. haha. relax bro. star residences has just being launched on early Sept aftder some delay. It will definitely contribute to their profit through 50% stake in JV (Alpine Return) with UM Land. Star Residence, which is very near to KLCC, will be built in 3 tower with a mall. Most of the units are SOHO/SOFO of 650sq.ft each, with each sq. ft start from RM 1,600 onwards (almost RM 1mil each Soho). Believe it will receive good take up rate.
@ james70/ Azlan88, Just asking, how much will it cost to request a valuer's report on SymLife's land? Just want to know the current market value and how much of unrealised revaluation gains that we are sitting on a per share basis.
Don't read too much The Star haha....usually the news will make all the small investors run away and then the rich man can pick up more at cheaper price...hahaha now is the good time to top up and hold long...
kancs3118 : really dropping like bird shit....!!!!
SO MANY SNIPERS HERE ARE KILLING YOU ALL SILENTLY LA, SEE MY POST :
" millionboss : From my analysis, symlife is heading south, a correction is coming ahead. But most ppl here are asking ppl to buy, oops, are you all snipers, to kill ppl? 18/09/2014 10:18 "
actually, at this price of RM1.07, Symlife is priced comparable to GOB. Of course, this is a bargain price to purchase Symlife if you compare Symlife land bank versus GOB. But then, who would expect SymLife can experience an oversold position? My average cost for SymLife is RM1.16.
My advice is to continue holding on to Symlife. I am not selling a single share.
30/09/2014 12:36 i wrote : " millionboss : From my analysis, symlife is heading south, a correction is coming ahead. But most ppl here are asking ppl to buy, oops, are you all snipers, to kill ppl? 18/09/2014 10:18 "
ACTUALLY I DID SMELL SHARKS WANT TO DISTRIBUTE AT THAT TIME, BUT "THE SNIPERS" HERE KEEP ASKING PPL TO BUY THEIR DISTRIBUTION
1st round average at RM1.18 -60% 2nd round (down trend) -RM1.00 -20% 3rd round (down trend) -RM0.90 -20% Never believe the other people talking about what ...just believe my own research and the Tan Sri Azman Yahya.
rather than being concerned with the day to day fluctuation of the stock price, we should be more concerned about Langat 2 project and its impact on the Sungai Long land.
1.060 to 1.100 is it the best price to buy in? im thinking to accumulating..my friend's dad working inside this company..wednesday he starting to ask all his relative to buy this share as much as possible...my friend know im investor so told me about this..just wondering can I enter at this price? any expert please advise?
Satu reasons only ...fly to sky....wakakkakaka........I had also heard a same story from my friend BJFOOD....1.5-->3.0!!! BUT this is investment better do our own research......
no..my friend didn say about the reason..but from the view of today's queue and supply vs purchase power..seems like holder locking all their share...is it the best time for me to enter?
Just my 2 cents and i maybe wrong. Just to share. At this entry price of RM1.06, you are getting a great bargin. Simply put; (1): candid reporting; the annual chairman's statement gives a strong feeling management is honest about their own shortcomings. (2): potential share buybacks and redistribution as treasury shares. (3): net assets of RM2.00 -> this is already buying at 50% discount to net assets, (4): low P/E ratio of 6x; if you take into consideration this upcoming quarter's results, P/E is likely to drop even further, (5): undervalued landbank; very important because this makes the whole investment defensive in nature. (6): management capability in reducing debt and monetizing its landbanks; we all know how capable is Datuk Azman Yahya.
in short; just skimming on the surface - you have the best of both worlds; BenGraham's margin of safety + Philip Fisher's definition of a quality company.
Dont worry, kancs...I've had this kind of experience before with Huayang in 2010. Bought it in Sept 2010 due to its great value. However, being a new investor then I capitulated to market jitters and sold it in late Dec 2010. due to its lack of liquidity back then. And the rest they say, is history.
@ JN88, there will definitely be a knee jerk reaction towards any new measures bound to be introduced in the upcoming budget to cool down the property market. However, as long as Symlife's management is rational and build affordable housing (within the RM500K range), then there will always be demand. Young working professionals like myself are in desperate need of an affordable rooftop over my head.
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Posted by azlan88 > 2014-09-24 01:10 | Report Abuse
agree with james70. haha. relax bro. star residences has just being launched on early Sept aftder some delay. It will definitely contribute to their profit through 50% stake in JV (Alpine Return) with UM Land. Star Residence, which is very near to KLCC, will be built in 3 tower with a mall. Most of the units are SOHO/SOFO of 650sq.ft each, with each sq. ft start from RM 1,600 onwards (almost RM 1mil each Soho). Believe it will receive good take up rate.