- Label : Plenitude
EPS = 8.88 sen
NTA = RM3.95
Review
The Group achieved a profit after tax of RM11.99 million backed by revenue of RM53.33
million for the current financial period ended 30 September 2007. This performance was
mainly attributable to progressive profit recognised on properties sold, completed and
handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor,
Bandar Perdana in Kedah, The Residences and Changkat View in Sri Hartamas, Kuala
Lumpur. Apart from the profit contributed from property development projects, Tanjung
Bungah Beach Hotel in Penang has also contributed 2.5% to the Group’s net profit.
NTA = RM3.95
Review
The Group achieved a profit after tax of RM11.99 million backed by revenue of RM53.33
million for the current financial period ended 30 September 2007. This performance was
mainly attributable to progressive profit recognised on properties sold, completed and
handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor,
Bandar Perdana in Kedah, The Residences and Changkat View in Sri Hartamas, Kuala
Lumpur. Apart from the profit contributed from property development projects, Tanjung
Bungah Beach Hotel in Penang has also contributed 2.5% to the Group’s net profit.
Comments
Reiterate buy call on Plenitude, it have several current and future development in stragety locations i.e. Sri Hartamas, Sepang , Desa Tebrau, Batu Ferringgi. Cash in bank stand as 70 million, large undeveloped land, focus management team and good dividend are the reasons to invest on this stock.