Posted by Jolin Lai Chi Pet > 2016-03-04 19:44 | Report Abuse

sympathy life for nemesis..........................so pity. Hope u wake up soon......

Posted by nemesis > 2016-03-05 01:42 | Report Abuse

Woohooo Chau chi pet talking shit again...hope tat u suffer huge losses with Symlife...I already sold already lar at 0.81 recently now ready to buy yours chi pet...

Posted by nemesis > 2016-03-05 01:46 | Report Abuse

Really Chi pet lar talk also like pussy...Oh jolin...

Posted by siam8888 > 2016-03-05 23:05 | Report Abuse

Holland counter

Posted by kancs3118 > 2016-03-14 00:21 | Report Abuse

This is far away from a Holland counter

Posted by Alvinkua > 2016-04-11 16:31 | Report Abuse

Any body know the land cost for star residences?

Posted by kancs3118 > 2016-04-11 22:35 | Report Abuse

It is about RM550 psf. Now, Tower 2 is about 30% sold. Symlife will break even after selling off Gower 2. Big profit margin here...

Posted by Alvinkua > 2016-04-12 09:02 | Report Abuse

Thanks kancs3118 :)

Posted by kancs3118 > 2016-04-12 12:53 | Report Abuse

Forgot to mention about the 5 storey block of retail units. Already 80% sold. Once the Tower 2 is 100% sold, Star Resi already past the danger stage. FY2017 onwards will mark the change of fortune for SymLife once the 700M unbilled sales kick in.

Posted by Alvinkua > 2016-04-12 21:38 | Report Abuse

Hopefully can up above RM1 end of the year.

Posted by kancs3118 > 2016-04-13 10:50 | Report Abuse

@ AlvinKua, what is your opinion about this stock? i see that you also invested in good stocks like Gadang...hence, please share your research about this stock.

Posted by Alvinkua > 2016-04-13 12:18 | Report Abuse

Kancs3118, I seldom comment at i3 u still can recognize me? Haha.. For me, symlife really a deep under value stock. With the total GDV over RM10B now sell to u only 223M base on the price RM0.72 now. (Sungai Long project --GDV 8B). For star residences project, COO of Alpine Return Mr Alan Goh said the project total GDV more than USD700 million. The cost to build up the three towers by Samsung C & T is USD310 million. I expect profit margin for this project will be very high. This project expected to be completed by end of 2019. With the record high unbilled sales, FY2017 will be a nice year for symlife.

Posted by kancs3118 > 2016-04-13 13:07 | Report Abuse

@ Alvinkua, my main concern for Symlife is the quality of deliverables. Their Star Resi should not be affected since Samsung is the main con. But their other projects like The Wharf has a bad reputation for poor quality. What is your opinion?

Posted by Alvinkua > 2016-04-13 15:18 | Report Abuse

I'm not aware about The Wharf case. I'm more concern about sales and unbilled sales. As long as Symlife can sold out their products and improve its EPS, the price definitely will go up.

Posted by kancs3118 > 2016-04-14 12:29 | Report Abuse

@ Alvin Kua , I agree with your assessment - that SymLife is an undervalued company. Land is the new currency now.

Posted by RVI123 > 2016-04-14 23:36 | Report Abuse

Alvinkua, there was a delay in Sungai Long project due to the delay in Langat 2 water treatment plant. Some land of be acquired by government for Langat 2 project. Do you have any idea when the project will be launched? What are the products that are going to be launched?

Posted by Alvinkua > 2016-04-15 14:06 | Report Abuse

RV123,as I know symlife cancelled selling sungai long land to government for Langat 2 project but will sell some to EKVE. Symlife have total GDV2.1b projects scheduled to be launch on 2016 & 2017. It's excluded sungai long project. But due to slowdown in property market, some project will be delay. I don't know when will launch the sungai long project.

Posted by RVI123 > 2016-04-16 10:16 | Report Abuse

Thks. Alvin Kua. Have been invested in Symlife for 4 years. Very deeply undervalued. However, share price did not reflect the assets value and the good performance in the last few years. This year, the performance will not be as good as compared to the last few years. The company has very good assets in Sungai Long, Cheras, Jalan Yap Kwan Seng, Tasik Prima, PJ Section 13, Ukay n Kota Bahru. I thk the company has to concentrate to develop these lands because Symlife is a small company and has limited human and financial resources. However, the company is having more new JVs in Sabah, Shah Alam and bought a piece of land beside Sunway South Quay. So many projects, where got enough resources to handle?

Posted by FAIRnREASONABLE > 2016-05-26 21:34 | Report Abuse

I am pleased that it is still making some profits despite the difficult time. The 2 sens dividend is a sign that Symlife is not in financial problem.

Posted by kancs3118 > 2016-05-27 08:44 | Report Abuse

Despite many laughing at SYMLife, at least they declare a 2cents dividend. FY17 is going to be a good year for SymLife when their RM800M unbilled sales kick in...

Posted by siam8888 > 2016-06-07 02:15 | Report Abuse

Sleeping counter...

Posted by Sapphire > 2016-07-19 20:52 | Report Abuse

Let it sleep.

Posted by Alvinkua > 2016-07-20 13:21 | Report Abuse

http://star-residences.com/assets/img/news/starnews-02.pdf

Posted by Sapphire > 2016-08-05 09:58 | Report Abuse

Sell 0.69 pls....

Posted by siam8888 > 2016-08-06 00:12 | Report Abuse

Sleep counter become dead counter...

Posted by Khaidzir > 2016-08-24 17:26 | Report Abuse

Kaunter mati. Nyesal beli

Posted by nemesis > 2016-08-25 16:53 | Report Abuse

U all are totally wrong...1st qtr financial result will be out 2molo n it will start to reflect its 830 mil unbilled sales...hence we should expect its 1st qtr result to be very good...It is time to buy!

Posted by nemesis > 2016-08-25 18:57 | Report Abuse

Ist qtr already out...profit before tax at 5.33 mil...unbilled sales rose to 963 million...

Posted by nemesis > 2016-08-26 10:21 | Report Abuse

It is time to buy for the next qtr impressive earnings...963 mil unbilled sales is too large for a small developer like symlife...very undervalued

Posted by Ya Hoo > 2016-08-26 10:21 | Report Abuse

The return of Star residence project is very low if based on their annual report. hope this only reflect on preliminary stage only.
Revenue RM111,615,000
Profit/(Loss) after tax RM8,850,000 (7.9% return)
Share of results of jointly controlled entities RM3,462,000 (3.1% return)

As we can see most of the unbilled sales was not reflected into the account almost a year till now 963 million over. The main contributor will be TWY and star residence project and I guess that still in the preliminary stage as at 30June16. Hope all this can reflected soonest.

Posted by nemesis > 2016-08-26 14:57 | Report Abuse

BUY

Posted by equitydiary > 2016-09-09 12:27 | Report Abuse

Last week, Focus Malaysia had an article on Symphony Life, issue 196, Sep 3-9:

Symphony Life a hidden gem

Symphony Life Bhd, a property development company helmed by corporate bigwig Tan Sri Azman Yahya is set to see better times.

A chunk of the company's unbilled sales of close to RM1 bil will be recognised as profits starting from the current financial year.

Some from the investment community have also identified Symphony Life as a hidden gem among smaller-capitalisation property stocks. They say the company is trading at a "very large" discount to its intrinsic value - mainly from it owning a 16lha piece of land in Sungai Long, Selangor, which value is set to be unlocked in the coming years.

"In the next 12-18 months, Symphony Life's unbilled sales of about RM1 bil will mean its profits will move in one direction only, which is up," says a fund manager at Island Asset Management Pte Ltd, a fund management company in Singapore.

Symphony Life chief financial officer Hazurin Harun tells FocusM the company was able to recognise only a small portion of its high unbilled sales in FY16 ended March 30, because its major highrise property projects were constructed at the foundation level only.

In FY16, Symphony Life's earnings fell to RM13.2 mil from RM43.9 mil a year ago on the back of revenue declining to RM144.3 mil from RM286.1 mil.

Hazurin says profits from property projects are recognised based on the percentage of completion. With the foundation level completed, construction progress of the entire project will be much faster, and hence, profit recognition from the projects will as well, he says.

This is reflected in Symphony Life's Q1 ended June 30, which was released last week. Its net profit grew more than two-fold to RM4.6 mil from RM2.04 mil a year ago, on the back of revenue climbing 19% to RM47.5 mil.

The company's high unbilled sales are mostly attributed to encouraging sales of its high-end property projects, namely TWY@Mont Kiara and Star Residences.

TWY@Mont Kiara, the first phase of its project in Mont Kiara, Kuala Lumpur, comprises 484 units of all duplex condominiums. The project, with a gross development value (GDV) of about RM400 mil, saw a take-up rate of about 90% and is expected to be completed in 2019.

Star Residences, located at the Kuala Lumpur City Centre, is a 50:50 joint venture with UM Land Bhd. It has an expected GDV of close to RM3 bil.

The development consists of three towers of luxury apartments and five blocks of retail spaces.

The first, known as Residential Tower 1, has seen a 93% take-up. The recently launched residential Tower 2 is about 40% sold. The retail portion, called Signature Retail, is about 53% taken up.

The third residential tower with a GDV of about RM1 bil is yet to be launched. Unbilled sales for the project now stands at about RM1.1 bil.

In addition to its unbilled sales, Symphony Life's future profits will also be supported by upcoming projects worth RM3 bil in GDV. The company targets sales of RM400 mil in FY17, says Hazurin.

Symphony Life's future launches include phase two of its Mont Kiara project, with an estimated GDV of RM400mil. Another project, Union Suites@ Sunway at Bandar Sunway, has a GDV of about RM420 mil.

"Over the years the company has sold its projects while replenishing its land bank,” says the fund manager.

He says Symphony Life has been delivering profits since Tan Sri Azman Yahya took control of the company. He holds an indirect stake of 19.4% in Symphony Life through Gajahrimau Capital Sdn Bhd.

Azman joined Symphony Life (previously known as Bolton Bhd) in 2005. He spent the first few years undertaking a massive clean-up of the company's assets and liabilities, including reducing its high gearing and disposing of non-core assets and businesses.

He is also the founder and chief executive officer of business outsourcing company Symphony House Bhd, which was taken private in December last year.

Posted by equitydiary > 2016-09-09 12:31 | Report Abuse

(continued)

Issues resolved

Moving forward, another positive note for Symphony Life is that obstacles relating to two of its projects have been resolved.

The company's 607ha Bandar Amanjaya township in Sungai Petani, Kedah, had a few years of inactivity due to regulatory approval issues.

But in March, it launched and fully sold its latest phase comprising 417 units of single-storey terrace houses on some 16ha of freehold land. The project has a GDV of about RM70 mil.

With the latest launch, Symphony Life has some 150ha of remaining land to be developed in Bandar Amanjaya.

For the next launch, which is expected next year, Hazurin says the company plans to build semi-detached and bungalow units. Average selling prices are quoted at RM300 per sq ft. However, he says the plans are still at the "conceptual stage''.

Tijani Signal Hill, a 51:49 joint-venture project between Symphony Life and the landowner at Signal Hill, Kota Kinabalu, has also obtained the necessary approvals.

The 4ha project was initially expected to be launched last year with an estimated GDV of RM450 mil. It comprises two towers of luxury condominiums and three-storey landed luxury villas.

Hazurin says the company will make changes to the proposed development to better suit market conditions in Sabah.

Hidden value

Apart from a steady growth in profits, some investors like Symphony Life for its hidden value.

The company's 161ha in Sungai Long, which is located close to Bandar Mahkota, Cheras, is said to be its “jewel in the crown”.

"Symphony Life may not be the fastest growing property company, but we see long-term investment value with the company's land in Sungai Long," says the Singapore fund manager.

The land, which has a net book value of RM144.8 mil or just RM8.40 per sq ft, is a substantial asset relative to Symphony Life's market capitalisation of RM215 mil, says an analyst.

Development of the land has been delayed over the years. Last year, a parcel of land measuring about 9ha was compulsorily acquired by the state government for the East Klang Valley Expressway (EKVE).

Hazurin says the authorities acquired the land for about RM15 per sq ft, but Symphony Life has appealed for RM30 per sq ft as it believes the land is worth more than the price it was acquired for.

“Assuming the land is valued at RM30 per sq ft, the 161ha is worth RM519 mil. That is a surplus of RM374 mil or about RM1.30 per share over its net book value of RM145 mil.

"That means Symphony Life's net assets per share of RM2.08 does not quite reflect its true value,” says the analyst.

Hazurin concurs and says Symphony Life's shares are "severely undervalued".

Detailed development plans for the Sungai Long land, he says, will be carried out once the company has more details on how the EKVE will be laid out.

"We want to better prepare the site to have a better township.”

Although the EKVE has further delayed the development, Hazurin says on the upside, the expressway will add value to the development by improving accessibility.

Based on previous preliminary plans, the GDV of the township development at Sungai Long was estimated at RM6-8 bil.

Posted by FAIRnREASONABLE > 2016-09-13 21:53 | Report Abuse

Thanks for sharing, equitydiary.

Posted by FAIRnREASONABLE > 2016-09-16 07:53 | Report Abuse

Hope to be able to collect again at .68

Posted by siam8888 > 2016-10-19 00:17 | Report Abuse

Waste your time and money.....not active counter! No goreng!

Posted by siam8888 > 2016-10-19 00:17 | Report Abuse

Better buy Bpuri

Posted by Syakib Arsalan > 2016-11-08 17:42 | Report Abuse

zzzzzz

Posted by Si Min Tan > 2016-11-23 01:08 | Report Abuse

results are considered great! but bank borrowing at 4billions????? is it normal

Posted by kancs3118 > 2016-11-23 19:52 | Report Abuse

Buying interest has returned to SymLife.

Posted by Si Min Tan > 2016-11-26 11:15 | Report Abuse

Symphony Life to launch The Wharf Mall Residence @ Puchong and Union Suites @ Sunway -

Posted by red_85 > 2016-11-26 20:12 | Report Abuse

Good news and bright future.. time to collect some at such low and stable price

Posted by siam8888 > 2016-11-26 21:50 | Report Abuse

No point to collect, player not goreng even bright future and good earning....

Posted by kancs3118 > 2016-11-27 15:58 | Report Abuse

@ Si Min Tan....where to get more information about their The Wharf Residence ?

Posted by red_85 > 2016-11-27 17:30 | Report Abuse

When profit keep growing up, soon share price will u..
don't just think of Wait ppl goreng ..
Share investment theory is earning will caused the price up, remove all Ur wrong thinking ....if share price is caused by goreng, that was just short term, not the fundamental of share price theory..

Posted by red_85 > 2016-11-27 17:32 | Report Abuse

If price can stay at low price, jsut buy if you got money N enjoy the dividend..at the end you will laugh to the bank..while waiting, you still have dividend to cover..
Soon or later investor will aware of such counter and jump in..

Posted by Si Min Tan > 2016-11-27 18:30 | Report Abuse

red_85, you're right. if you wait until people goreng, you are losing so much already.

kancs3118, The Wharf Residence already completed and vp-ed for quite sometime. The Wharf Mall will be launching in 2017.

Posted by kancs3118 > 2016-11-27 20:39 | Report Abuse

http://www.theedgeproperty.com.my/content/984833/symphony-life-launch-union-suites-sunway-and-wharf-mall-puchong-come-2017

Posted by Tan Toh Fei > 2016-11-30 10:10 | Report Abuse

I like to read all the past comments and match against the date of the prices in the chart to see how calibre is the commenters ...

Posted by kancs3118 > 2016-11-30 20:02 | Report Abuse

hehehe - you won't find an issue with me...i am a die hard SymLife supporter