nta is RM3.91 and those land was purchase when 2000-2009. average about RM6psf. now worth more than RM30-50psf. do the math yourself. how much plenitude actual worth now. but no one buy the deal as property market still down. once the market getting hot, price will shot to skyroof. this stock need patient a lot patient could be years but for sure patient will get reward.
Current Year Prospects (extract from its quarterly result announcement)
The property market is expected to experience slower growth amidst global, regional and national economic uncertainties and cautious market sentiments. In spite of this, properties in good locations are expected to continue to draw property buyers. The hotel business is expected to remain challenging as well.
In view of the above, the Board of Directors expects a challenging performance for the financial year ending 30 June 2017
Ikea is opening for business soon. Landed properties in Taman Desa sure win property investment. Why? Taman Desa Tebrau is a location with plenty of property choices. The options offered ranges from different prices to different locations in the vicinity. If you are looking for more exclusive residences, you should opt for Taman Mount Austin and Taman Austin Perdana which are only next to Taman Desa Tebrau.
Being located within walking distance from Jusco Tebrau City, for those with preference to the convenience city life, yet live within exclusive of serenity, property prices in Taman Desa Tebrau is a real steal.
If Taman Desa Tebrau is a more preferred housing estate than Bukit Indah, do you think the price differential will come to nil? That should reflect on Plenitude share price sooner or later.
u just cant accept the fact that u have been exposed as a joke with ur lack of knowledge in basically all sectors, starting with ur drought story.
if the property sales r as good as u claimed, then why is ms/uems/spsetia/ecoworld stock prices either substantially off or unchanged from their highs in 2013-2014???
u really enjoyed being embarrassed by me here???
name me 1 sector that u have talked sense of and not being rebuked by other forummers????
Posted by ks55 > Aug 20, 2017 11:54 AM | Report Abuse
Ikea is opening for business soon. Landed properties in Taman Desa sure win property investment. Why? Taman Desa Tebrau is a location with plenty of property choices. The options offered ranges from different prices to different locations in the vicinity. If you are looking for more exclusive residences, you should opt for Taman Mount Austin and Taman Austin Perdana which are only next to Taman Desa Tebrau.
Being located within walking distance from Jusco Tebrau City, for those with preference to the convenience city life, yet live within exclusive of serenity, property prices in Taman Desa Tebrau is a real steal.
If Taman Desa Tebrau is a more preferred housing estate than Bukit Indah, do you think the price differential will come to nil? That should reflect on Plenitude share price sooner or later.
MANY youngsters and new job seekers are now looking to buy property from the auction market because it is cheaper.
Auction specialist Leslie Low says thanks to property websites like Propertyguru, Propwall, Mudah.my and iProperty there is ample information available, and this has helped to elevate the auction “game” to another level.
“New property launches are too expensive for those just starting work.
“They cannot afford to buy from the secondary market either, so we are seeing a trend of the young generation starting to hunt for auction properties as their first house.’’
In the auction market, Low estimates that about half of the bidders are investors and speculators while the other half are end users, people who are buying the property to live in.
“Of the end users, half are in their 20s.
“If the youngsters have saved enough to be able to put down the 10% deposit (of the reserved property price) to make a bid, they will go for it.’’
He says “upgraders” make up the other half of end-users. Upgraders are those who already own a property but want to upgrade to something better or bigger – for instance, someone who owns a flat wants to upgrade to a condo or landed property, and so on.
Low says some 20 years ago, it was only investors who were buying property at auctions. They would repair and renovate the property, then sell it off for a tidy profit in the secondary market.
“Auctions have created a lot of millionaires and billionaires in the past.’’
But this has become more difficult to do these days because he says more and more end users are entering the auction market.
Growing market: People are now becoming more drawn to property auctions because they can get property for cheaper than the market price. Growing market: People are now becoming more drawn to property auctions because they can get property for cheaper than the market price.
Crowded field
Two decades ago, he says, there would be only two or three people bidding for a property, but these days as more people come to know about property auctions, it is common to have 40, 50, 60, even 80 bidders vying for a particular property.
“Investors cannot really compete with end users because end users are willing to bid close to the market price for a property they plan to live in, whereas investors will stop bidding at a certain price because they need to keep a profit margin.’’
The reason people are keen on property auctions is, of course, because the auction reserve price – which is the bidding starting price – is always attractive.
“You can find properties for which the reserve price is 30% to 50% below the bank’s valuation.
“A bank can value a property at RM800,000 but its auction reserve price can be RM400,000,’’ explains Low.
The final price, however, can be closer to the bank’s valuation. As Low explains, “hot” properties in the Klang Valley can have a low reserve price that attracts many bidders – “and when there are so many bidders going for that property, it gets bid up to the market price or near it’’.
Low says in Klang Valley suburbs like Taman Tun Dr Ismail, where the supply of property is limited and no other houses are for sale, there have been cases when the price of the property being auctioned goes higher than even the market price.
But, he adds, “This is very rare. And it is because the bidder is an end user and really wants to live there.’’
With the economic slowdown, the number of people defaulting on their housing loans has been on the increase. Which means more properties are being auctioned off these days.
Low says for this year, 2,500 houses have been auctioned off on average every month.
“This is a 10% increase from last year. And if you compare it to 2013, it is a 50% increase because back then the monthly average was 1,000 to 1,500 auctioned off houses.’’
I feel that very soon can buy an property own by calvintaneng from auction...this low life tell us he has many property in iskander...hello...2 weeks pass and i still waiting his promise to send his house photo here...low life. Pi mati better
now we all know that u r a joker and unable to understand basic comprehension
did u fail ur english comprehension?
when i said r not selling at all, all rational investors will know that this meant that the sale figures r not good. yet u chose to take a literal meaning, thereby exposing ur incompetency in investing and looking to cover ur faults.
by the way, @4444 is saying that u r talking bs by posting that star article, so dont try to kaki talk, kaki song.
its actually quite fun to embarrass @calvintaneng in the forum.
now i just shown that @calvintaneng failed his basic english comprehension with a simple phrase of '.... not selling at all."
and he is foolish enough to understand it as meaning no sales at all. any trader worth his salt will know that this means that the sales figures r no good.
Ikea is opening for business soon. Landed properties in Taman Desa sure win property investment. Why? Taman Desa Tebrau is a location with plenty of property choices. The options offered ranges from different prices to different locations in the vicinity. If you are looking for more exclusive residences, you should opt for Taman Mount Austin and Taman Austin Perdana which are only next to Taman Desa Tebrau.
Being located within walking distance from Jusco Tebrau City, for those with preference to the convenience city life, yet live within exclusive of serenity, property prices in Taman Desa Tebrau is a real steal.
If Taman Desa Tebrau is a more preferred housing estate than Bukit Indah, do you think the price differential will come to nil? That should reflect on Plenitude share price sooner or later.
What constitute a property hot spot? An easy way to find a property hotspot is to follow the big boys as they have impeccable R&D teams. Anytime you hear rumours that an Aeon supermarket is going to be built in an area, property investors will immediately begin searching for viable properties in the area. This is because an Aeon supermarket will only be built in an area after an extensive research is performed to ensure that there is sufficient population amongst other criteria in the area to patron the supermarket.
So you are having AEON, Tesco, Ikea, Ikano in the same location, all within Taman Desa Tebrau. What do you think about the potential of the remaining land of Taman Desa Tebrau? You need not have the rocket scientist intelligence to figure out............
but if u venture further beyond to eco spring area, there r still plenty of unsold units. in fact, jb property market is in an oversupply glut with discounts being offered to new buyers. works out that the price on offer now is at the 2013/14 level.
Plenitude issue is that they did some shady stuff in the past. They offered 111.5mil shares to take over Nomad. This represented a dilution of 41.3% to their existing share base. And the worse thing is, there was NEVER a chance that the Nomad takeover would lead to a similar 41.3% increase in net profits to simply maintain the same profit level per share, forget to increase profits per share.
So the Nomad acquisition has caused a major dilution, and has caused ROEs to plummet, and also caused the Book Value to be less valuable. Hence it trades at a large discount to book value.
None of the directors have any type of substantial shareholding in the company. Plenitude is linked to Daim (as was Nomad). I rather stay away from this type of company, even if the balance sheet is nice.
Maybe if it gets cheaper, to say 0.35X P/BV, I can consider, but not just yet at 0.41X P/BV.
Sometime i think the solid cash remain solid cash in some one else vault. You pay rm1 for rm0. 80 inside that vault and the gatekeeper is honest and non aggressive. But the business prospect is poor even though gatekeeper is guarding the undervalued assets honestly. So what do we get? That my feeling on plenitude. Perhaps until the biz prospect turn good, otherwise we are waiting for gatekeepr to unleash the value which is unknow timeframe. Diu
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....
frankco
195 posts
Posted by frankco > 2017-06-08 19:22 | Report Abuse
Why volume surge anybody any idea?