The only negative side is that Symlife is high gearing...is there any concern on this with over 350 mil net debt for a small cap developer...So the question is if they really launch Sg Long in the future, will they exercise Right Issue to ask additional funding fm Sholders to kickstart the project??? What u guys think of this? Pls share ur opinions...
NO REAL CONCERN HERE. ITS GEARING IS LIKELY RELATED TO ITS ON-GOING PROJECTS WHICH ARE REALLY DOING WELL. EVIDENT FROM ITS UNBILLED SALES REGISTERED UP TO RM2 BILLIONS OR MORE. ESPECIALLY FROM GOOD SALES FROM ITS HIGHLY DEMAMDED STAR RESIDENCES. AS THE RM2B UNBILLED SALES BECAME PROGRESSIVELY COLLECTED ITS GEARING/BORROWINGS WILL ALSO BE PAID OFF AND REDUCED.
FURTHERMORE, FROM A PRACTICAL PERSPECTIVE, SYMLIFE HAD ALREADY PAID THE CONVERSION PREMIUMS FOR ITS SG LONG LANDBANK. ALSO ITS BOARD OF DIRECTORS ARE VERY EXPERIENCED IN PROPERTY DEVT AND WILL ENSURE SG LONG TO BE DEVELOPED IN STAGES TO ENSURE ITS SMOOTH PROGRESS. TAN SRI AND HIS BOARD ARE KNOWN FOR BEING PRUDENT
Let's pray hard they won't exercise Right Issue in the future...Anyway Darren u seem very optimistic tat they gonna achieve 2 billion unbilled sales...tat is very profitable for a small cap stock like Symlife...then we should buy more bfore it takes off higher...
Apart from Union Suites@Sunway just launched, I am hopeful that the follow-up project to the sold-out TWY@Mont Kiara will be equally successful.
Mont Kiara 2, Kuala Lumpur is the 2nd phase of TWY@Mont Kiara which sits on a 2.2 acre piece of land located across Jalan Segambut from TWY@Mont Kiara. The concept will be different from TWY@Mont Kiara but will continue to include innovative features that would differentiate the product in a very mature location. The estimated GDV is about RM400 million.
GRANTED THAT SG LONG LANDBANK IS HUGE. BUT THIS VALUABLE LANDBANK IS ALREADY OWNED BY SYMLIFE AND THERE IS NO NEED TO INCUR ANY HUGE COST TO BUY IT. ITS HOLDING COSTS IS VERY LOW AS ITS BOOK VALUE IS ONLY RM8 PSF. SYMLIFE IS SITTING ON A REAL GOLD MINE. IT IS IN A PRIME LOCATION BEING IN HIGHLY DEVELOPED CHERAS WHICH IS VERY NEAR TO AND EASILY ACCESSIBLE TO KL CITY CENTRE. FULLY SUPPORTED BY WIDE NETWORK OF PUBLIC TRANSPORT FACILITIES INCLUDING LRT AND MRT. THE GOVT IS ALSO BUILDING A HIGHWAY THRO IT AND THIS WILL GREATLY ENHANCE THE VALUE OFITS SG LONG LAND.
BEING BLESSED WITH SO MANY DEVELOPMENTAL ADVANTAGES, THIS TOWNSHIP WILL BE A GREAT SUCCESS. BEING HUGE SYMLIFE WILL DEVELOP IT IN STAGES TO REAP THE FINANCIAL BENEFITS OF INCREASING SALES VALUES WITH EACH SUCCESSIVE PHASES AND IN ORDER NOT TO OVERBURDEN ITSELF FINANCIALLY. THIS WILL AVOID ANY NECESSITY FOR ANY RIGHTS ISSUE.
Tis 430 acres of land if fully developed will be the largest around tat area...Sg Long development by symlife will benefit fm the mature township surrounding in the vicinity...
It may only happen in 2018 or 2019 or 2020 i think....meanwhile still a safe investment backed by rm1b+ sales...cant expect it to fly like others..anyway infact it performed quite good...up fm 0.60+ to 0.895 in 2 months time...ard 40%+...i am impressed...
Kancs3118...U must have acquired a lot of Symlife shares huh, tat why you are so informative about Tis company...well done! My holdings in tis company is for long term at least target sell at 2.40 in the future...Symlife is set to be the next growth stock like KSL in the making...Its NTA is set to rise to 3.00 in years to come driven by its high unfilled sales...
Y so many deveopment near by SHL SG LONG they should have TMN. name like Mahkota Cheras, Tmn. Rakan. n etc.Mudah for sale they put act to SG LONG maybe because SHL is CASH flow compang can build ready n sell, with good golf club, UTAR UNIVERSITY. I think alot of ppl know landed property 2 storey will touch a million when highway ready. More safe to buy SHL..
Haha Why Buy SHL when it is fairly valued? Its share price is so high at 2.84...So for Symlife to double in price is so easy...BUT for SHL to reach 5.60 is totally impossible right...SHL is totally overvalued...
Dont misunderstanding what I means. SHL is a soild company with own more than 300m in bank n alot Landbank still in hand not yet revalue or build houses. SHL build up the town name for SG LONG. SHL houses always come with value from the banks. I think alot of ppl should know SHL is a soild company not goreng company. Can sleep n eat well not even market is bad..
Skng Keong - you are right about SHL. Hahaha....SHL is a red brick developer who adopts the BTS model = builds, then sell (BTS) that many developers do not have the cash flow strength to replicate. The free cash flow finds its way as dividends to shareholders.
But one thing I don't like about SHL is that it is like a family run company. A lot of the shareholders belong to the same family. The public spread is very low. So, if you buy for dividend, it is good. But for capital appreciation, have to wait. Still, it is a safer bet than SymLife.
I totally disagree...It is better to buy a cheaper stock which offers a lot of values n upside than a solid stock which is expensive...reason is simple...for a 0.10 Sen share to rise to 0.20 is a very simple thing, but for a 4.00 stock to double to 8.00 takes a very long time and challenges...look at all the bluechips like Maybank, genting, sime they are heavy and slow even though they are very safe bcos all the good news n public consensus already reflected in its share price as they are popular n well known...to achieve superior result, we must be able to identify a small company which is very undervalued tat offers tremendous growth ahead which is also less known among institutional investors...Symlife is such stock I m talking about...
Meanwhile shl's net profit margin is superb...ard 40% vs symlife (mayb ard 15%)..their land cost is pretty low..anyway need to study more on their unbilled sales,coming projects ,existing landbanks etc
for SHL...it has about 400+ acres of undeveloped land. SHL profit margin is on the high side. So, SHL has got plenty of room to grow. But if you invest in such a counter, be prepared that price appreciation is relatively capped because the public spread is relatively low. However, you can sleep soundly at night. SHL is like a family run business - a lot of the major shareholders share the same surname. I suspect they are all related. That is why dividend is very good.
For SymLife, the next hurdle is their Union Suites. Hopefully, it is a sellout like TWY.
If both Tower 3 and Union Suites is a sell out, then, unbilled sales will be around RM2B. Then, I admit - it is a new growth chapter for SymLife.
Another point,penny stock is easier to goreng n return wise can b much better...solely fm goreng perspective..we see break out in symlife with higher trading vol
mmm... I don't know if SymLife is a goreng stock. But SymLife does have its fundamentals - like its unbilled sales of RM1B and its Sungai Long township. So, it does not seem to be like a penny stock.
If counters like Sumatec goes up to RM0.50, then yes - beware - it is a goreng stock.
SymLife fair value should be conservatively valued at RM1.20.
Whatever it is we must have confidence on the stocks we are holding...Like Symlife when it plunged to below 0.70 I didnt sell even a single share, and I loaded more and more at cheaper price as I know one fine day Symlife will fly above 2.00 riding on its growth path...All growth stocks last time started as just small cap stock...even KSL last time started fm a humble beginning...Our job as an investor is to be able to identify its future growth story before everybody does...For SHL all of its success story, landbank n future Cashflow in already priced in its high share price...It is no more hidden!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Eldon Ong
158 posts
Posted by Eldon Ong > 2017-03-17 14:58 | Report Abuse
son moving but mother still sleeping……