PLENITUDE BHD

KLSE (MYR): PLENITU (5075)

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Last Price

1.34

Today's Change

-0.01 (0.74%)

Day's Change

1.34 - 1.36

Trading Volume

46,100


6 people like this.

1,137 comment(s). Last comment by ks55 1 week ago

gforce2

207 posts

Posted by gforce2 > 2021-03-12 15:17 | Report Abuse

Hats off to them. Managed to rise 23% from last week with low volume trading, keeping under the radar of all the punters. Liquid assets of more than RM320m, that's more than RM0.80 per share!

Gaugau

29 posts

Posted by Gaugau > 2021-03-31 15:21 | Report Abuse

really glad Plenitude did not buy the hotel in Osaka. Tokyo olympic has anounced that it will not host any international travellers. With the cashpile that it have, no issue with at least 2 cents of dividend. Will slowly accumulate more, waiting for it to go back up or being privatized.

mf

28,681 posts

Posted by mf > 2021-09-08 09:27 | Report Abuse

1.30 limit up

frankco

195 posts

Posted by frankco > 2021-10-13 12:22 | Report Abuse

Price on uptrend in wave pattern .. hold tight.

Posted by snowball2000 > 2022-04-15 11:50 | Report Abuse

Zzzzzzz....

Posted by AnwarKawKaw > 2022-12-23 17:59 | Report Abuse

Business gulung tikar sdah

Posted by snowball2000 > 2023-04-19 10:18 | Report Abuse

Also known as "ta pau"..... ;0

i4value

78 posts

Posted by i4value > 2023-06-12 13:26 |

Post removed.Why?

Dehcomic01

331 posts

Posted by Dehcomic01 > 2023-09-21 06:24 | Report Abuse

Plenitude has two major potential profit contributors – property development and hospitality.

Property development has been contributing to the bottom line, even in the 2020/21 pandemic years. With the opening of the economy, I expect the contribution to be better. The property development segment was the major contributor to the Group’s performance.

Plenitude started as a property developer but in 2001 diversified into the hospitality business. Today the hospitality business is the largest segment in terms of the Total Capital Employed. But it was not profitable since 2013.

The hospitality segment’s poor performance was due to competitive pressures. The Group had refurbished and rebranded the hotels to address this. At the same time, it had also focused on efficiency to improve the margins.

There are signs that gross profit margins are improving but the jury is still out on whether revenue will improve. The hospitality business is a turnaround case. Because of its size, the creation of shareholders’ value will depend on a successful turnaround.

Posted by snowball2000 > 2023-11-22 09:29 | Report Abuse

Good QR overall. Plenitu also did well in preceeding quarter. Assuming this is more of a norm moving forward, current price of1.24 is still too low. It should at least be worth 2.00.

Posted by snowball2000 > 2023-11-22 09:35 | Report Abuse

Hopefully the dividend payout would also increase in line with financial performance.

alenac

2,650 posts

Posted by alenac > 2023-12-16 14:17 | Report Abuse

This company does not pay divi.
snowball2000
Hopefully the dividend payout would also increase in line with financial performance.

3 weeks ago

Lam LH

295 posts

Posted by Lam LH > 2024-01-05 13:32 | Report Abuse

TP 2.0 - 2.5

katara

227 posts

Posted by katara > 2024-01-05 14:09 | Report Abuse

undervalued plenitu

frankco

195 posts

Posted by frankco > 2024-01-05 21:21 | Report Abuse

its hotel operations will become consistent cash generating unit for the company.. Add shares before it flies further for years to come !!

frankco

195 posts

Posted by frankco > 2024-01-08 11:00 | Report Abuse

it finally erected after multi-year of ED

katara

227 posts

Posted by katara > 2024-01-09 13:42 | Report Abuse

yes hotel counter :)

ks55

4,108 posts

Posted by ks55 > 2024-01-12 14:47 | Report Abuse

One of the three LRTs radiate out from JB Sentral (RTS terminal) will proceed all the way to Impian Hills, has a station at Tebrau City. Both Tebrau City and Impian Hills are developed by Plenitude.

So what should be the impact on Plenitude share price?

Posted by snowball2000 > 2024-01-12 14:55 | Report Abuse

PLENITU suddenly spiked today, now at 1.52. What's cooking?

Posted by snowball2000 > 2024-01-12 15:21 | Report Abuse

Big BOSS supporting?

mlab68

12 posts

Posted by mlab68 > 2024-01-23 17:17 | Report Abuse

Tun Daim said Thank you! Sohai-sohai!
The Rocket going to blow into pieces, his Wivews already kena charged today!
Mau Lari, cepat lari!

Posted by snowball2000 > 2024-01-29 11:46 | Report Abuse

It seems the big boss is having a spate of bad luck lately. Better bail now before it is too late ..... :]

frankco

195 posts

Posted by frankco > 2024-02-26 11:02 | Report Abuse

is Plenitude owned by Daim?

ks55

4,108 posts

Posted by ks55 > 2024-03-16 23:36 | Report Abuse

I am holding Plenitude share below rm 1.00
Will hold it at least until RTS is ready. If LRT really take place and has a station at Tebrau City, then will hold the share until that LRT become operational.

MULTIEVER

147 posts

Posted by MULTIEVER > 2024-04-09 11:14 | Report Abuse

Heng ah! Huat ah! Chiong ah! Sai Lang🔥🔥🔥

katara

227 posts

Posted by katara > 2024-04-09 15:17 | Report Abuse

nice😍

pang72

50,956 posts

Posted by pang72 > 2024-04-09 16:58 | Report Abuse

Another property counter included into the johor booming property list..
Ksl, eco, UEMS, plenitude spsetia, simep....

ks55

4,108 posts

Posted by ks55 > 2024-04-24 22:52 | Report Abuse

Plenitude is the most valuable hidden gem in Malaysian property counter due to extremely low land cost. Very good FCF. Very capable and credible BOD. Very solid major shareholders.

Ready to take off soon.

ks55

4,108 posts

Posted by ks55 > 2024-04-24 23:01 | Report Abuse

To make 50% profit from this counter within 6 months is sup sup water.

Don't miss the forest for an old tree. Just look at the probability of making 50% profit from Plenitude vs 50% profit from a grossly overpriced stock (from 4 ringgit to 6 ringgit). Weigh the risk of losing big when you only see a table-size cookies drawn in the air.

Posted by hopetobecorrect > 2024-05-23 21:05 | Report Abuse

@ks55,,do plenitude has land in JB that is related and will benefit from the RTS?

i only knew that they had spent more money than the current market cap on all the hotels

Posted by hopetobecorrect > 2024-05-27 19:50 | Report Abuse

Years of diversification to hotels business finally produce profit that is almost 40% of total profit.
Will the price go back above RM2???

remus17

113 posts

Posted by remus17 > 2024-05-28 15:59 | Report Abuse

price not moving much although good result

ks55

4,108 posts

Posted by ks55 > 2024-05-28 23:15 | Report Abuse

Plenitude will continue to make good profit from property development as land cost is extremely low. Hotel operations are just addition toppings. More important considerations are the sustainable property development over many more years into the future and the strong cash flow.

Lam LH

295 posts

Posted by Lam LH > 2024-06-06 12:14 | Report Abuse

All the property stocks had skyrocketed. When is your turn?

Posted by hopetobecorrect > 2024-06-07 15:17 | Report Abuse

I am having a very good sleep.
Don't disturb me

ks55

4,108 posts

Posted by ks55 > 2024-06-11 09:49 | Report Abuse

I am going to make big profit from Plenitude. My average cost is less than 1 ringgit.

frankco

195 posts

Posted by frankco > 2 months ago | Report Abuse

Hotel business's revenue increase almost to half generated in property development.. its strategic investment and divestment into the hospitality business in Malaysia, Japanese and Korea is paying.. Inbound Tourist into all these country been exploding in recent years.

Hush77

1,263 posts

Posted by Hush77 > 1 month ago | Report Abuse

Plenitude is undervalued...
Low PE 7x and NTA rm 4.4.

Hush77

1,263 posts

Posted by Hush77 > 1 month ago | Report Abuse

Its undervalued...and looking at their hotel assets...
Company shld do share buyback...

ks55

4,108 posts

Posted by ks55 > 1 month ago | Report Abuse

Latest QR no good due to write off 13.9 million impairment upon disposal of a subsidiary. No idea which subsidiary was sold as there was no Bursa announcement. Also make me puzzle why there was 20 million increase in administrative charges which no increment in revenue.
Any how net profit was 16.7 sen compared with 11.5 sen for previous year.
Believe Plenitude will still declare 4 sen dividend by 20 Sept.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3478937

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=229766&name=EA_FR_ATTACHMENTS

The Group registered a revenue of RM134.3 million and net profit of RM0.5 million for the current
quarter ended 30 June 2024 as compared to revenue of RM131.2 million and net profit of RM19.9 million
in the corresponding quarter of the previous financial year. The lower profit recorded in the current
quarter was due to provision of an impairment loss on assets held for sale of RM13.9 million resulting
from the disposal of an indirect wholly owned subsidiary company.

ks55

4,108 posts

Posted by ks55 > 1 month ago | Report Abuse

Without impairment charges, Plenitude will make 20 sen profit per share.

Hopefully next quarter result will not show any impairment again.

Posted by diuleiloumei > 1 month ago | Report Abuse

Continue kaki Kong kaki song
AaHah hah hak

Posted by diuleiloumei > 1 month ago | Report Abuse

Bad qr

Hush77

1,263 posts

Posted by Hush77 > 4 weeks ago | Report Abuse

The impairment is one off.. the NTA is now $4.40 vs price now just $1.38..
Cheap lvl to accumulate for longer term

Posted by ITreeinvestor > 3 weeks ago | Report Abuse

In this quarter, core profit still 1.4 millions after exclude one off.

Fair value changes in short term investments 13,261

Impairment Lost -13,912

Dehcomic01

331 posts

Posted by Dehcomic01 > 2 weeks ago | Report Abuse

Plenitude – a new hope

The performance of Plenitude over the past decade was nothing to shout about with an average ROE of 4%. But this was because not all its cylinders were firing. Plenitude had 2 main businsses – property development and hospitality.

The hospitality business used up about half of its capital. For most of the time over the past decade the hospitality business delivered losses. The profits for the group were contributed by property development.

But over the past 8 years, the group had been refurbishing and improving the operating efficiency of the hospitality business. Then in 2023, this business began to deliver profits. I would expect growing contribution from the hospitalilty business.

Can you imagine the potential returns when both property development and hospitality pull their own weight? I think the market price has yet to reflect Plenitude’s turnaround.

For more insights refer to page 20 on INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol223-Invest-06Sep.pdf

ks55

4,108 posts

Posted by ks55 > 1 week ago | Report Abuse

Plenitude is going to declare 4 sen dividend today.

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