SYMPHONY LIFE BERHAD

KLSE (MYR): SYMLIFE (1538)

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Last Price

0.24

Today's Change

+0.01 (4.35%)

Day's Change

0.225 - 0.24

Trading Volume

43,900


8 people like this.

4,341 comment(s). Last comment by Michael Kwok 5 days ago

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-05 00:17 | Report Abuse

Yawn. ....yawn....same old ....same old

darrenliew

1,032 posts

Posted by darrenliew > 2017-07-05 08:39 | Report Abuse

EPF IS PARCELLING OUT ITS KUWASA DAMANSARA LAND VIA J/Vs TO 20 DEVELOPERS.
SYMLIFE CAN ADOPT THE SAME J/V METHOD TO EXPEDITE ITS DEVELOPMENT OF ITS SG LONG LANDBANK

Alvinkua

75 posts

Posted by Alvinkua > 2017-07-05 15:06 | Report Abuse

Look like somebody wan to press down the price....

nemesis

3,990 posts

Posted by nemesis > 2017-07-05 17:18 | Report Abuse

Good...at least can buy more at lower price...

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-05 18:52 | Report Abuse

Yawn. ....yawn....same old ....same old

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-10 08:36 | Report Abuse

Last Sunday, went to Union Suites sales gallery. The sales is already 50% done....SnP signed and not sticky game..

nemesis

3,990 posts

Posted by nemesis > 2017-07-10 14:25 | Report Abuse

Good job....It means tat Symlife's properties still selling well...

Posted by Jolin Lai Chi Pet > 2017-07-14 07:55 | Report Abuse

Mkland is better.................

nemesis

3,990 posts

Posted by nemesis > 2017-07-14 21:30 | Report Abuse

U are surely right Jolin...

nemesis

3,990 posts

Posted by nemesis > 2017-07-14 21:32 | Report Abuse

More land than Symlife...not only that, MK is in Net Cash position while Symlife is full of high borrowings...

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-15 19:02 | Report Abuse

MKLand....management proven or not ? Honest or not ? Kena slap tax penalty worrr

Alvinkua

75 posts

Posted by Alvinkua > 2017-07-16 13:27 | Report Abuse

My opinion, investors only look for profit not land. Unless the land develop now.....

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-17 12:37 | Report Abuse

@ AlvinKua, yalor...I fully agree with you on this point. SymLife has got many projects on-going now. Union Suites sales is doing well - about 50% sold - SnP signed and not sticker game.

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-17 12:37 | Report Abuse

also, SymLife is going to have two investment properties - namely Symphony Square and The Wharf shopping mall...

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-17 12:38 | Report Abuse

also, Star Resi is doing quite well leh...

hng33

20,491 posts

Posted by hng33 > 2017-07-18 15:05 | Report Abuse

bought more symlife at 96sen

maxmax

320 posts

Posted by maxmax > 2017-07-18 15:07 | Report Abuse

i am selling, 700 just now....next quarter wouldn't be good

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-18 16:32 | Report Abuse

i rather listen to hng33....
@ max max...how can next quarter be bad leh>???

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-18 16:43 | Report Abuse

@ max max, please enlighten me how next quarter's profit is going down? From my humble point of view, it is only going up. The key driver - Star Residences has been almost fully sold for both RT1 and RT2. RT3 is already 50% sold. Also, TWY is already 90% sold. INitially, i was skeptical about their performance for Union Suites. However, Union Suites is already 50% sold. So, next quarters results gonna be good...

hng33

20,491 posts

Posted by hng33 > 2017-07-18 17:15 | Report Abuse

+ 3sen dividend to be declare by end of July.

maxmax

320 posts

Posted by maxmax > 2017-07-19 08:13 | Report Abuse

kancs....TWY just commence billing....Tesco land sold ...wouldn't be in this quarter......next quarter will be ok....that is another 5 mpnths....come back at October will be the right timing

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-19 17:50 | Report Abuse

actually, TWY's unbilled sales will surface this quarter. That day, while driving through Mont Kiara, I can see TWY's construction hitting level 6 already.
Both TWY and The Star Residences will contribute their unbilled sales in a meaningful way commencing this quarter.

hng33

20,491 posts

Posted by hng33 > 2017-07-20 10:15 | Report Abuse

If Union Suites indeed reach 50% sale, and the sale can catch up before 30 June + 50% enbloc sale to Ascott, then, upcoming Symlife unbilled could reach as high as RM 1.5 billion, it will be the highest ever record for small cap, symlife

nemesis

3,990 posts

Posted by nemesis > 2017-07-22 18:10 | Report Abuse

B4 tat, pls drop back to 0.90-0.93 first...

nemesis

3,990 posts

Posted by nemesis > 2017-07-24 11:03 | Report Abuse

Bought more Symlife at 0.96...

nemesis

3,990 posts

Posted by nemesis > 2017-07-24 11:14 | Report Abuse

Really damn cheap at 0.96, some more get free 3 Sen dividend...hahaha!

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-25 07:06 | Report Abuse

When gonna be AGM ?

darrenliew

1,032 posts

Posted by darrenliew > 2017-07-25 09:33 | Report Abuse

NEAR TERM CATALYSTS:-
1) ANNOUNCEMENTS ON DATES FOR AGM AND DIVIDEND PAYMENT (IN THE
7 TO 10 DAYS)
2) 1Q RESULTS WHICH WILL BE GOOD/BETTER WITH HIGHER UNBILLED SALES AND IMPROVED PROGRESSIVE RECEIPTS ESPECIALLY FROM ITS SUCCESSFUL STAR RESIDENCES
3) MORE POSITIVE NEWS UPDATES ON ITS SG LONG LANDBANK

nemesis

3,990 posts

Posted by nemesis > 2017-07-25 11:47 | Report Abuse

OMG...Someone is dumping Symlife progressively like trying to bring down the price...isn't tat dividend is coming???

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-25 12:36 | Report Abuse

Aiyoh...no need to be afraid lar...maybe that guy has made enough....maybe he bought at RM0.70 and then selling now....

nemesis

3,990 posts

Posted by nemesis > 2017-07-25 13:37 | Report Abuse

They intentionally push down the price fm 1.00 recently to current low for some parties to collect cheap and then lift it up again above 1.00 after dividend announced...Tis is the final chance to see Symlife below 1.00... By August it should touch 1.20 level...

nemesis

3,990 posts

Posted by nemesis > 2017-07-25 13:38 | Report Abuse

Anyway it is really dumb to SELL a future winner like Symlife...

hng33

20,491 posts

Posted by hng33 > 2017-07-25 17:41 | Report Abuse

Symlife officially declare 3sen dividend today :D)

nemesis

3,990 posts

Posted by nemesis > 2017-07-25 17:44 | Report Abuse

Good...tomorrow price sure rebound...

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-25 18:44 | Report Abuse

there is a new resolution to be passed during the AGM...that is to enable the Company to increase the share capital by 10%. Probably, a private placement is in the cards...

hng33

20,491 posts

Posted by hng33 > 2017-07-25 19:42 | Report Abuse

Every year also have such resolution, it's NOT a new resolution.

nemesis

3,990 posts

Posted by nemesis > 2017-07-25 21:50 | Report Abuse

Tomorrow up 3 Sen for sure....By end of August, should reach 1.20...

Skng Keong

1,256 posts

Posted by Skng Keong > 2017-07-26 08:59 | Report Abuse

Waiting for 90c than c want to buy or not???.....

nemesis

3,990 posts

Posted by nemesis > 2017-07-26 09:43 | Report Abuse

Dream on yea!...It won't drop so low! 0.950 was the lowest...

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-27 06:45 | Report Abuse

After looking through the Annual Report, I find the high gearing to be very disturbing ....no doubt, the company has got close to RM1 Billion unbilled sales to convert to cash to pay off the loan. Yet, it makes me feel uncomfortable.

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-27 06:47 | Report Abuse

There is no mentioning that Ascott will buy half of Star Tower 3. It used the words...to manage ovrr 250 units at tower 3 but nothing to the effect of buying those 250 units...will use the AGM to clarify

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-27 06:51 | Report Abuse

Also, will use the AGM to clarify on how management view the sales of future projects such as Tijani Raja Dewa (GDV180M), Signal Hill @ Kota Kinabalu (GDVRM450M) nd MK2 (RM450M)...in view of the soft market especially for higher end spectrum of the market

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-27 18:20 | Report Abuse

Hopefully, more institutional investors would come in

Posted by equitydiary > 2017-07-27 21:34 | Report Abuse

Tan Sri Ong Leong Huat too...

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-27 22:55 | Report Abuse

@ equity diary ...I am quite concerned that the annual report does not explicitly mention that Ascott acquires half if Star Three....can you help and verify this ?

Skng Keong

1,256 posts

Posted by Skng Keong > 2017-07-28 14:34 | Report Abuse

I m still dreaming will drop back below 90c,,,,

azlan88

509 posts

Posted by azlan88 > 2017-07-28 20:44 | Report Abuse

I think Tabung Haji is getting smarter nowadays. They increase their position in KSL, MMHE (pending announcement).

kancs3118, they mentioned Ascott in page 23.
"RT1 has seen a take-up of more than 95% and RT2 has sales and bookings of about 80%.
Star Residences also signed a management agreement with The Ascott Group, one of the
world’s biggest service apartment operator to manage a minimum of 250 units in RT3, which
will be named the Ascott Star Residences. We expect the demand for units in this tower to be
high due to this association with Ascott when we launch RT3 in the third quarter of 2017. "

azlan88

509 posts

Posted by azlan88 > 2017-07-28 20:47 | Report Abuse

Hurm, yes you are correct. It is management agreement only.

azlan88

509 posts

Posted by azlan88 > 2017-07-28 21:00 | Report Abuse

Looking at shareholders list, quite impressive

1. Ong Leong Huat (OSK)
2. LTH
3. Kwek Leng San (Hume Hong Leong Group)

kancs3118

2,224 posts

Posted by kancs3118 > 2017-07-29 00:44 | Report Abuse

@ Azlan88,
Just asking:

About Ascott: i thought the article in Focus Malaysia has stated Ascot is buying up 50% of Star Residences Tower 3. Weird...that is conflicting news....need to clarify in the AGM.

By the way who is Mr Ong Leong Huat?

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