PLENITUDE BHD

KLSE (MYR): PLENITU (5075)

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Last Price

1.36

Today's Change

+0.09 (7.09%)

Day's Change

1.32 - 1.37

Trading Volume

122,600


6 people like this.

1,143 comment(s). Last comment by ks55 21 hours ago

frankco

195 posts

Posted by frankco > 2017-06-08 19:22 | Report Abuse

Why volume surge anybody any idea?

9182

8 posts

Posted by 9182 > 2017-06-09 09:40 | Report Abuse

Speculation

tan lucy

153 posts

Posted by tan lucy > 2017-06-09 18:21 | Report Abuse

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.

sell

2,456 posts

Posted by sell > 2017-06-16 17:16 | Report Abuse

Mr Fake. Why every month must send catalogue to my house for same house cannot sell? Employees buta gaji and nothing to do?

luckyman

720 posts

Posted by luckyman > 2017-06-18 21:53 | Report Abuse

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

So sad....

Posted by Parkson8888 > 2017-06-20 21:18 | Report Abuse

More homes on auction but few takers
http://www.theedgemarkets.com/article/more-homes-auction-few-takers

ks55_

569 posts

Posted by ks55_ > 2017-06-24 11:58 | Report Abuse

tan lucy, luckyman you both idiots? You see profit and sales drop mean no need to pay salary ka? What left for shareholders? Creative acctg?

Seek

443 posts

Posted by Seek > 2017-06-24 12:09 | Report Abuse

Plenty of cash.
If ever run out, that's a Big "if'....... Daim is there.

ks55_

569 posts

Posted by ks55_ > 2017-06-27 11:14 | Report Abuse

Now hotel already suffer loss. Start 1st July tourism tax start loss from hotel become double?

4444

1,800 posts

ks55

4,245 posts

Posted by ks55 > 2017-08-13 12:34 | Report Abuse

Progress on IKEA in Tebrau City.
Next to it is Ikano Johor Jaya's 4 storey shopping complex.

https://www.youtube.com/watch?v=IjCm_L-sp5Q

What is the potential of remaining land (250 acres residential and 35 acres commercial lands) of Taman Desa Tebrau that spans a total of 965 acres?

grateful_

45 posts

Posted by grateful_ > 2017-08-13 21:40 | Report Abuse

80 sen best buy?

4444

1,800 posts

Posted by 4444 > 2017-08-15 21:19 | Report Abuse

Mr Fake why again send me catalogue same house cannot sell? You mentioned give rebate RM 60 K because Merdeka 60 years coming. So desperate?

4444

1,800 posts

Posted by 4444 > 2017-08-16 22:06 | Report Abuse

If same house cannot sell for 6 months to 1 year can staffs volunteer no pay? If cannot loss QR coming? RM 50 million loss?

ks55

4,245 posts

Posted by ks55 > 2017-08-20 11:54 | 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.

https://www.youtube.com/watch?v=fMV7Je90slQ

http://www.plenitude.com.my/desatebrau/properties.html

joetay

3,737 posts

Posted by joetay > 2017-08-20 12:25 | Report Abuse

@ks55,

hard to say as well since jb is facing a property glut which is worse than kl.

some property launches by ecoworld/uems/ms besides mount austin not selling at all in the past 2 yrs.

calvintaneng

56,622 posts

Posted by calvintaneng > 2017-08-20 17:17 |

Post removed.Why?

joetay

3,737 posts

Posted by joetay > 2017-08-20 17:27 | Report Abuse

after i exposed @calvintaneng's invalid story on palm, he decide to insult me, how very matured of him.

btw, if u said u been travelling to iskander region, i m sure u would have notice the large number of unoccupied houses.

if they r selling like hot cakes, then why do i see bank lelong signs in taman kota masai and megah ria????

if u own many houses in iskandar, r u under so much stress to offload them to clear ur bank loans to avoid bankruptcy that u have to insult others????

calvintaneng

56,622 posts

Posted by calvintaneng > 2017-08-20 17:31 | Report Abuse

Posted by joetay > Aug 20, 2017 05:27 PM | Report Abuse

after i exposed @calvintaneng's invalid story on palm, he decide to insult me, how very matured of him.

btw, if u said u been travelling to iskander region, i m sure u would have notice the large number of unoccupied houses.

if they r selling like hot cakes, then why do i see bank lelong signs in taman kota masai and megah ria????

if u own many houses in iskandar, r u under so much stress to offload them to clear ur bank loans to avoid bankruptcy that u have to insult others????

YOU ARE WRONG TO SAY THAT

some property launches by ecoworld/uems/ms besides mount austin not selling at all in the past 2 yrs.
20/08/2017 12:25

STILL WANT TO ARGUE?

joetay

3,737 posts

Posted by joetay > 2017-08-20 17:53 | Report Abuse

@calvintaneng,

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????

calvintaneng

56,622 posts

Posted by calvintaneng > 2017-08-20 17:57 |

Post removed.Why?

calvintaneng

56,622 posts

Posted by calvintaneng > 2017-08-20 18:03 | Report Abuse

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.

https://www.youtube.com/watch?v=fMV7Je90slQ

http://www.plenitude.com.my/desatebrau/properties.html


KS55 IS CORRECT!

After Nusajaya - the Mount Austin Area will be the next hotspot for Property Investments

In year 2012 I bought a 2 storey house for my Investor at Rm265K from Court Auction. Just sold the house for Rm500K to a Sabahan from KK

The Sabahan couple has son/daughter working in Spore. So they sold their house in KK and bought the one in LA Garden (Near Mt Austin)

They sold their house in KK for Rm700K and happily bought the One in Booming Iskandar for Rm500K

There is an extra Rm200K surplus and they are both very happy.

joetay

3,737 posts

Posted by joetay > 2017-08-20 18:08 | Report Abuse

@calvintaneng,

read carefully on what i wrote.

i stated that some property launches by ecoworld/uems/ms in mount austin area is not selling at all.

if u ever drive by ecoworld eco spring development, it is still pretty much empty despite being largely completed mid last yr.

so there, this is the best proof on the ground rather than listening to ur bs.

i really doubt u even been to the grounds and the stories u spinned here to hide the fact that u have been exposed as a joke.

u dont even argue on sense anymore, just only know insulting after being exposed.

calvintaneng

56,622 posts

Posted by calvintaneng > 2017-08-20 18:14 | Report Abuse

Posted by joetay > Aug 20, 2017 06:08 PM | Report Abuse

@calvintaneng,

read carefully on what i wrote.

i stated that some property launches by ecoworld/uems/ms in mount austin area is not selling at all.

if u ever drive by ecoworld eco spring development, it is still pretty much empty despite being largely completed mid last yr.

so there, this is the best proof on the ground rather than listening to ur bs.

i really doubt u even been to the grounds and the stories u spinned here to hide the fact that u have been exposed as a joke.

u dont even argue on sense anymore, just only know insulting after being exposed.


HAHA!

NOW YOU WANT TO TWIST & TURN?

SEE YOUR REPLY TO OUR FRIEND KS55

Posted by joetay > Aug 20, 2017 12:25 PM | Report Abuse

@ks55,

hard to say as well since jb is facing a property glut which is worse than kl.

some property launches by ecoworld/uems/ms besides mount austin not selling at all in the past 2 yrs.


YOU CLEARLY STATED THESE WORDS,

"NOT SELLING AT ALL IN THE PAST 2 YRS"

The phrase means

1) NOT SELLING

That means "No sale"

2) NOT SELLING AT ALL IN THE PAST 2 YRS

You conclude and assume or state as a fact that you "Know" for 2 long years no sale at all?

THESE ARE YOUR WORDS

YOU WAN'T TO DENY IT?

4444

1,800 posts

Posted by 4444 > 2017-08-20 18:24 | Report Abuse

Going once, going twice ...

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.



image: http://www.thestar.com.my/news/nation/2017/08/20/going-once-going-twice-nowadays-its-not-just-real-estate-speculators-who-attend-property-auctions-p/~/media/9bb5f2f56109423b9e096305ab3f26fa.ashx?h=401&w=600

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.’’


Read more at http://www.thestar.com.my/news/nation/2017/08/20/going-once-going-twice-nowadays-its-not-just-real-estate-speculators-who-attend-property-auctions-p/#gpvOBgArzqoMSjLp.99

4444

1,800 posts

Posted by 4444 > 2017-08-20 18:31 | Report Abuse

Is Plenitude selling auction property?

John Lu

5,187 posts

Posted by John Lu > 2017-08-20 18:34 | Report Abuse

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

calvintaneng

56,622 posts

Posted by calvintaneng > 2017-08-20 18:37 | Report Abuse

4444 is good to post this article from Star papers.

Thank you.

This should be the correct way rather than jokers poking at people without anything positive to contribute.

John Lu

5,187 posts

Posted by John Lu > 2017-08-20 18:40 |

Post removed.Why?

calvintaneng

56,622 posts

Posted by calvintaneng > 2017-08-20 18:41 | Report Abuse

Posted by 4444 > Aug 20, 2017 06:31 PM | Report Abuse

Is Plenitude selling auction property?

No.

Plenitude has some 2 storey New houses going at above Rm700K now.

joetay

3,737 posts

Posted by joetay > 2017-08-20 18:45 | Report Abuse

@calvintaneng,

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.

John Lu

5,187 posts

Posted by John Lu > 2017-08-20 18:45 |

Post removed.Why?

joetay

3,737 posts

Posted by joetay > 2017-08-20 18:49 | Report Abuse

@john lu,

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.

4444

1,800 posts

Posted by 4444 > 2017-08-20 18:57 | Report Abuse

If no then even harder to sell.

Is Plenitude selling auction property?

No.

Plenitude has some 2 storey New houses going at above Rm700K now.

ks55

4,245 posts

Posted by ks55 > 2017-08-20 19:09 | 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.

https://www.youtube.com/watch?v=fMV7Je90slQ

http://www.plenitude.com.my/desatebrau/properties.html

ks55

4,245 posts

Posted by ks55 > 2017-08-20 19:10 | Report Abuse

Progress on IKEA in Tebrau City.
Next to it is Ikano Johor Jaya's 4 storey shopping complex.

What is the potential of remaining land (250 acres residential and 35 acres commercial lands) of Taman Desa Tebrau that spans a total of 965 acres?

4444

1,800 posts

Posted by 4444 > 2017-08-20 21:28 | Report Abuse

Loss RM 50 million coming and TP 50 sen. The Star said youngsters are smart to buy auction house nowadays because far cheaper.

Read more at http://www.thestar.com.my/news/nation/2017/08/20/going-once-going-twice-nowadays-its-not-just-real-estate-speculators-who-attend-property-auctions-p/#gpvOBgArzqoMSjLp.99

ks55

4,245 posts

Posted by ks55 > 2017-08-23 18:21 | Report Abuse

Plenitude shows improve profit QoQ and YoY.
Expecting price to move tomorrow.......

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5523069

4444

1,800 posts

Posted by 4444 > 2017-08-23 22:27 | Report Abuse

Who no dividend? Creative accounting? RM 1 coming.

ks55

4,245 posts

Posted by ks55 > 2017-09-02 21:20 | Report Abuse

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.

www.starpres/investment/what-makes-a-property-hotspot/operty.my/index.php/articl

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............

joetay

3,737 posts

Posted by joetay > 2017-09-02 21:44 | Report Abuse

@ks55,

mount austin area maybe a property hot spot.

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.

4444

1,800 posts

Posted by 4444 > 2017-09-02 22:25 | Report Abuse

Only cheating company cannot pay dividend. Wait RM 1. Even many property stocks very cheap now why pay so high?

nikicheong

2,541 posts

Posted by nikicheong > 2017-10-01 20:59 | Report Abuse

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.

ks55

4,245 posts

Posted by ks55 > 2017-11-06 23:59 | Report Abuse

IKEA Tebrau (opening 16 November 2017)
Keep an eye on Plenitude share price on that day.

Not_logic

157 posts

Posted by Not_logic > 2017-11-17 07:48 | Report Abuse

Even Ikea open people buy furniture why buy house on that day?

VegeKingII

347 posts

Posted by VegeKingII > 2017-11-22 18:06 | Report Abuse

fatastic result. Congrats!

Posted by MsfollowmeTeam > 2017-11-22 18:35 | Report Abuse

Hmmm..
Buy, No Seller
Sell, no buyer..
fantastic four what?

cheoky

2,823 posts

Posted by cheoky > 2017-11-22 23:21 | Report Abuse

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

VegeKingII

347 posts

Posted by VegeKingII > 2017-11-23 10:00 | Report Abuse

limit up

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