Saturday, May 30, 2009

Plenitude (5075)



Plenitude Berhad was incorporated on 6 November 2000 as a private limited company under the name Plenitude Sdn. Bhd. Subsequently, the company was converted to a public limited company in the same year and accordingly assumed its present name.

Plenitude Berhad is a an investment holding company and has seven wholly-owned subsidiaries within the Group. They are namely Plenitude Tebrau Sdn. Bhd. , Cipriani Sdn. Bhd., Plenitude Heights Sdn. Bhd. , Plenitude Hills Sdn. Bhd., Plenitude Permai Sdn. Bhd., Plenitude Damansara Sdn. Bhd. and Golden Valley Network Sdn Bhd. The Group has a diverse portfolio of business ventures related to the company's core competencies in property. This includes property development, property investments as well as beach hotel ownership and management.


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Plenitude just released their latest impressive financial result yesterday. Profit increased by almost 23%! Balance sheet also very healthy and currently sitting on net cash. So RM2.00 should a good entry price for me for my long term investment. too naive? then maybe Rm2.10?

Last Traded RM 2.23
PE ~4.0
DY ~6.xx%
Rev +12.39%
Profit +23.52%
Fixed Deposit per share RM 1.55
Cash per share RM0.41
Cash and cash eq +82.5%
non current liabilities RM0.00
current liabilities per share RM1.10 (+0.12%)
NTA RM4.66 (+6.47%)


Friday, May 29, 2009

Francis Yeoh..Malaysia 2nd best MD/CEO


my own personal ranking.


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Head of conglomerate YTL, Francis Yeoh went hunting for bargains when the markets crashed. He's not done shopping yet.

image

Francis Yeoh

During the height of the equity markets, Francis Yeoh sat restlessly on the sidelines watching rivals bid up prices. When Singapore's Temasek decided to unload three of its power-generating firms last year, Yeoh, whose YTL Corp. is one of Southeast Asia's biggest power companies, made offers he thought were fair. But he initially lost out, first in March 2008 to China Huaneng Group and then four months later to Japan's Marubeni ( MARUY.PK - news -people ).

It was a tough time for Yeoh. "You don't know what kind of pressure I had before," says the 55-year-old scion, as he sits in his penthouse office overlooking YTL's Ritz-Carlton in Kuala Lumpur. His father, billionaire Yeoh Tiong Lay, founded YTL as a construction firm in 1955, but Francis took over daily operations two decades ago, transforming it into a $3.4 billion (market cap) multinational conglomerate. "When I had $3.8 billion in cash, a lot of people, especially fund managers and analysts, criticized me," says Yeoh, "They said: 'We can't recommend your stock because you have so much cash and you don't know what to do with it.'"

But Yeoh, who is known for his flamboyant lifestyle, including his two helicopters, a private island and famous friends such as the late Luciano Pavarotti, is prudent in business. "I could not buy assets that were two or three times the market value," he says, despite the fact that hedge funds and private equity players were paying those prices.

Yeoh must have been one of the few businesspeople in the world who was relieved when the markets collapsed. He could finally go shopping: In October YTL paid $180 million in cash to buy control of Macquarie Prime Real Estate Investment Trust and its holding company, paying 49% of net asset value. Renamed Starhill Global REIT, it includes two shopping malls on Singapore's busy Orchard Road, Wisma Atria and Ngee Ann City.

Then in late November Temasek shelved the auction of PowerSeraya, Singapore's second-largest power generator, because of unfavorable market conditions. Days later it privately called Yeoh to negotiate. Within a week subsidiary YTL Power agreed to pay $2.4 billion in stock and debt, or ten times Ebidta. When the sale was finalized in March, Yeoh, who converted to Christianity at age 16 and is deeply and overtly religious, issued a press release thanking "our Lord Jesus for blessing us with stewardship of this important asset."

Divine intervention not withstanding, the latest purchase strengthens YTL's standing as a leading power supplier. "This puts us in a very strategic position to win more power assets globally, especially with our large cash reserves," says Yeoh, who favors utilities because of the typically long-term concessions and steady profits. The conglomerate now gets 60% of its $2 billion sales from such assets.

The deals also illustrate Yeoh's tendency to preserve cash during boom times so he can spend during downturns. "YTL thrives in times when acquisition opportunities are aplenty at reasonable valuations," says Bernard Ching, associate director of ECM Libra Research. "We expect YTL to pounce on a few assets before this recession is over." One thing you won't probably see is a sale: an eager buyer at the right prices, YTL is a reluctant seller in any market.

Investors seem pleased. Net profit more than doubled in the third quarter ending Mar. 31, following the consolidation of the results from the two acquisitions. The stock is down 7% for the year--outperforming the Kuala Lumpur Composite Index, down 21%--but it is up 27% since September. Francis' father, who controls 53% of YTL's shares, is again Malaysia's seventh richest, worth $1.8 billion, despite dropping $300 million in the past year.

Mmm..what to do next?



Mmm...most of my funds stuck in ytlpower-wb and tgoffs-wa..so my fund is a bit limited right now. So can only afford to sapu selected ctrs. The question is which ctr/s should i sapu?

Love MNRB, Jobstreet, Pelikan, Leader, Plenitude, BRDB, YNH, YSPsah, WTK, CMSB, KPJ, Stemlife. PBbank? too expensive already. Leno is right. Im so stupid to think Pbbank could go near RM6.


leno
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« Reply #29 on: July 09, 2008, 08:35:12 AM »
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Funny thing about this downtrend thing is 
   if today ytl power drop all the way to 1.50
     will ahboon dare to buy ? 

As a matter of fact Ahboon will make a BUY call after it reach 2.60 again.

 
Evil Evil Evil






btw,woa..Proton bleeding

Wednesday, May 27, 2009

Tanjong Offshore eyes regional growth.


Published: 2009/05/27
 
The integrated oil and gas service provider is racing to expand abroad, especially in India, Indonesia, Thailand and the Middle East, in a bid to become a regional force.

Tanjung Offshore Bhd (7228), an integrated oil and gas service provider, has bid for some 30 projects this year, says its managing director Omar Khalid.

"Almost 70 per cent of our bids are domestic projects and the remaining 30 per cent abroad, including in India and Australia, Omar told newsmen after the company's annual general meeting in Ampang, Selangor, yesterday.

Tanjung Offshore has an order book worth RM1.5 billion that should keep it busy until 2012.

Nevertheless, the company is racing to expand abroad, especially in India, Indonesia, Thailand and the Middle East, in a bid to transform itself into a regional force.
Omar said Tanjung Offshore has started making inroads in Thailand, providing well-testing servicesin the Gulf of Thailand, and is scouting elsewhere for more jobs. 

"We have been approached directly to bid for a tender in India ... and also been approached by several investors in the Middle East to form a partnership and joint venture in the region," said Omar.

With this in mind, Tanjung Offshore has allocated some RM250 million to expand its fleet size, with construction of five new vessels, due to be delivered between the next six and ten months.

As such, Omar said the company anticipates to perform better than in its financial year ended December 31 2008.

For 2008, Tanjung Offshore registered revenue of RM574.3 million against RM422.9 million in the previous year, while its net profit rose to RM31.5 million last year from RM23.2 million in the previous year.


Sunday, May 17, 2009

Bought YTLpwb and Tgoffswa

Disposed YTLP 2.05 and switched to ytlp-wb @ 0.84.
Disposed Kulim 5.80 ,bought TGOffs-wa 0.76 last monday.