agree with both SeeChorHyai & frankco. It would be 'naive' to think malaysian properties will slump in next few years. Malaysian housing are relatively cheap compared to other neighboring regions and malaysia is a developing country and population is booming
Hotel operations generate RM17MM revenue in a quarter and start making profit.. revenue in a year will be +/- RM 70MM. This excludes contribution from Hotel Sucasa which undergoes renovation at this point.
Plenitude is a laggard because yearly dividend payments are on a decline, profits too on a downward trend. This company has many hotels and service apartments but still not generating sufficient income to warrant such large outlay of funds. In fact, prior to merger, its hotel operations incurred losses. With GST, tight money policy, economic downturn, and tightening of credit for loans for house purchasers, I doubt this coming year's result can be better than last year.
...Plenitu financial seems good......correct me if I am wrong. Profit attb to shareholders....155 758 000 EPS...56.1 PE....3.64 ROE...14.8 Should be able to give bonus, share split and free warrants. Strongly undervalue Am I right?
NTA: RM 3.80, Current RM 1.74 Total assets: 1.672 billion Total liabilities: 222 million Cash: 390 million Retained earnings: 900 million
1500 acres of land, located in these 4 cities Penang, Johor, Sungai Petani and Puchong, estimated 12 billion Ringgit for future development. Hotel business, 10% current revenue comes from hotel, acquired the Nomad Group, the company consists of 5 hotels and serviced apartments, gradually increase to 30% in the future.
I think plenitude made a wrong move into hotel business. just look at how hotel business contribute profit to the group. just look at how four season hotel in penang contribute to the group after spent rm35mil to renovate the hotel in oct 2013. although i am still holding plenitude share, but i give up this counter when the price more attractive.
PE 4.97 Debt RM46m Cash RM122m Land bank 1300 acres average land cost RM6psf (nowaday where got RM6psf land) total land value about RM338 and hotels and apartment value about RM506m
Including Oakwood Hotel and Residence Kuala Lumpur, Plenitude now owns six hotels in Penang and Kuala Lumpur with an inventory of more than 1,200 rooms and an annual revenue of RM100mil.
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....
volks2
1,116 posts
Posted by volks2 > 2015-11-26 09:09 | Report Abuse
where is the real OTB???everyone is looking for him.