Anyone has Plenitude's RNAV numbers ?

FYI the development beside the hotel has started. Some 20+ stories condo.

hmm , no boring ah . no report from AMBANK and RHB this morning.

2013 2012
Revenue 329,036,000 284,726,000
Pretax Profit 51,877,000 42,262,000
Net Profit 36,329,000 29,665,000
Earnings Per Share 18.56 Sen 15.16 Sen
Dividend Omitted Omitted

9 months ended Sep. 30:

Revenue 952,645,000 840,281,000
Pretax Profit 140,383,000 128,077,000
Net Profit 98,795,000 91,753,000
Earnings Per Share 50.49 Sen 46.89 Sen
Dividend 40.00 Sen 10.00 Sen

Gdv values from old news :

http://msn.iproperty.com.my/modules/news/realestatenews.aspx?nid=6709

http://www.malaysiapropertynews.net/2007/11/plenitude-sees-over-rm38b-gdv-in-next.html

hmm , just a couple of cents shy of 2.48 high .

btw, their PEN hotel is back in operations --> Four Points by Sheraton Penang.

their AR (few of those that still use hardcopies, lol) did mention some of their upcoming projects. in PEN, a 2xx units SOHO + small retail in the komtar landbank.

good q. save the dividends for capital. but please tell us if you want to do rights...

Where's my q report ? Zzz...

TCHONG to built Nissan cars from 2015 in Myammar. Surely got some business for APM there...

Not all rights issue are bad. There have been some counters that rally after the RI exercise because of the company manage to put the new funds to good use. You need to see the reason they call for the exercise.

I will take option (1) as a good chance to increase my no of shares. My cost is quite low :)

I don't expect the new personal loan ruling to hit AeonCr significantly. Their period of repayment is ~5 years.

all should read AR . good information there.

malaysian style .

We wish to announce that UEMG has today agreed to our request to extend the validity period of the Offer from 30 August 2013 to 10 September 2013, for the Board of Directors of FGB, save for the Interested Directors, namely Dato’ Mohd Izzaddin bin Idris, Elakumari a/p Kantilal and Azmir Merican bin Azmi Merican, to deliberate and assess the Offer.

There is no reason not to accept. Same papa 1 somemore.

Jul-2013 TIV was at record high , so good volume should be secured for 1 of the 3 months for the next reporting period.

still no news on the deals . 2 days to go before 30-aug.

record earnings and profits.

Plenitude Bhd (5075.KU) - Malaysia
4th quarter ended June 30:
Figures are in Ringgit (MYR).

2013 2012
Revenue 118,915,000 42,322,000
Pretax Profit 62,862,000 24,330,000
Net Profit 50,835,000 18,758,000
Earnings Per Share 18.80 Sen 6.90 Sen
Dividend Omitted Omitted

12 months ended June 30:

Revenue 208,547,000 205,959,000
Pretax Profit 102,202,000 97,629,000
Net Profit 77,792,000 72,346,000
Earnings Per Share 28.80 Sen 26.80 Sen
Dividend Omitted Omitted

bookmarking here for future reference ->

http://cdn1.i3investor.com/my/files/dfgs88n/2013/08/27/1479233407--1084780936.pdf

3 days to 30-Aug-2013 .... sweat .

fingers crossed. hopefully the expansion bring in the $$$ soon.
http://www.theedgemalaysia.com/business-news/241590-dutch-lady-malaysia-completes-expansion-plan.html

upcoming q report should be a dividend q. normally is only 10 cents.

hi kcchongnz,

thank you for the numbers. and as a silent reader, i say a BIG thank you for the excellent contribution to the forum.

In their AR, it's stated that they have 49k acre in Indonesia for plantation. How much of that is planted ? Anyone has the tree's profile information ?

hi kcchongnz, please help to share the fair value for kfima based on the numbers that you have (and it's assumptions of course). thank you.

too good to miss.. so i also bought some ;)

i put plenitude same class with daiman ;)

Their flagship project, Penang Times Square remains a big white elephant till today... And when they won the bid for Bayan Mutiara land (at near Rm 1B), they have to "invite" Tropicana to come in. Why ??? Is it they have no $ to pay. LOL .

PROPOSED ACQUISITION OF 3,970,635 ORDINARY SHARES OF RM1.00 EACH IN GADINI SDN BHD (“GADINI”) REPRESENTING THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF GADINI FROM MALAYSIA BUILDING SOCIETY BERHAD FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM56.17 MILLION

source -> http://www.bursamalaysia.com/market/listed-companies/company-announcements/1076989

page 7 -> the proposed development is hence expected to result in an estimated gross development profit of approximately rm300.98 million for ken holdings group over the next 6 to 7 years commencing 2013.

Quoting from AMBank research paper.

4Q12’s reported earnings (-26% QoQ) were dragged down
by several exceptionals:- (1) Inventory devaluation and
marked-to-market forex loss (RM4.3mil); (2) VSS cost
(RM2.3mil); (3) Relocation of extrusion plant (RM1mil). The
inventory impairment was a one-off event as 4Q12 saw
rapid deterioration in JPY:MYR rates.

• Price adjustments to OEMs seem to have been reflected in
earnings earlier than expected, probably due to OEMs
building up parts inventory 2-3 months ahead of actual
production. The impact from the price adjustments in 4Q12
was c. RM3mil.

• This factor will likely continue to be a key drag on FY13
earnings. We gather from industry sources that major
OEMs have been pushing for up to a 15% reduction in
parts prices from vendors.

• We have trimmed FY13F-14F earnings by 25%-30% to
reflect selling price pressure and delayed contributions
from the APM-IAC venture; though going forward, this
could be partly compensated by cheaper imports from
cheaper JPY and USD. While there are usually price
adjustments with key customers for changes in FX, the
sharp price reduction already taken ahead of this suggests
a weak case to do so.

They are trying to break out from Msia I guess. But so far, the success is slow. But at least can see they are trying with all the JV they setting up with the big boys. I also think if TCHONG made it in IndoChina, it may be good for APM as well.

If the government's drive to push Msia as a green auto hub becomes a reality (after GE13 of course), business will be good for APM for them to supply to the customers.

http://www.apm-automotive.com/clientele.htm

Revenue for the past 4 quarters .
293,058
296,753
307,688
300,976

We can see a only a slight drop in latest revenue (Q2Q). So this is that "15% price reduction from OEM" effect already ? If this is the full effect then I think should be ok.

As for the balance sheet, it's too nice. Company has a net 400m cash. And S108 tax credit expiring in 2013, I cannot remember how much now. But sigh, dividends is just rm0.22 minus tax.

kcchongnz,

Plenitude acquired some small pieces of commercial lands beside Komtar during the year. That's why I get less dividends (I hope)...

They used to sponsor some events in Penang lately (dragon boat, music festival). Probably trying to make Penang as their next development base. They also have some 20 small parcels of land in Balik Pulau. The only area in Penang island that you can still do small township development.

Btw, their hotel is under renovation since end of last year. ;)

really don't know how to value this co. looks very cheap but can report loses during some bad quarters.