Ok...





Btw... please spoiler if you reply me...



This post has been edited by Boon3: Nov 23 2013, 07:27 PM

My thoughts on plenitude, their management is too conservative

Balance sheet is nice when u look at it, but earning is low despite the Company sitting on huge cash pile and landbank

After year 2009, it was golden era for properties sector, the Company should grab the opportunity instead of sitting there comfortably.



This post has been edited by yhtan: Nov 23 2013, 11:40 PM

Bad time for KLSE next week?

I sense a good time for red undie man

Ah Boo is many a people hero.
So you don't like that la....




Do you agree this is where value failed or at least it proved to be a wasted investment.....?

i disagree his action but he might prove us wrong at someday

Are u talking about Plenitude? Or ah cap?

I dunno what you talking now.

Regarding Ah Boo.
He is already wrong.
No matter what happens next, he is wrong.
He stayed with excess cash strategy.
Why? He was waiting for a big correction.
It did not happen.
KLSE has been hitting highs each year.
And for all these years, he was just sitting on his hands and collecting big fat fees.

My value statement? LOL! That was based on Plenitude.

pm said tax evaders traitors. then those who accept bribe are country blood sucker.

Ask you to do homework....
you no reply me........................

ada ada .. still reading materials mah...

OK here goes...11^#

Valuation ...

PE 7x BUT if the outstanding PA is converted PE expected to be around 14-16x
BV 0.9x , diluted BV 1.8x

Net cash per share 50 cents per share diluted will be 25 cents

Growth is very good, PBT margins 10% is also good for an insurance company, net margin about 7%. Y on Y growth is 15%-20%

Dividend yield is poor..cash flow is moderate


Investment holdings ...

Total investment holdings ia 7 billion, majority in bonds, MGS and portion in equity. This investment holding is 90% tied under ILP for unit holders. So it back covered.

This Q have impairment of assets worth 15 mil, without this the earnings will be even more better. The impairment is due to changes in bond value due to rising yields. Nothing much to concern about.

Since the PA pays higher dividend and trade roughly at the same price, better to go for the PA...

Conclusion..

Good growth, fairly value. the question is this company has been very aggressive lately, but will the insurance growth in MY saturated? looking at LPI, Manulife, takaful etc there is signs of slowing down, the only way is to grab customers from other companies therefore hurting margins forward. However this stock is in reverse net margin has been slowly expanding so it must be doing something right.

Hehe...
TQ.

Today ... it jumped.



Was looking and seeing since the last quarter. (I did ask you then hor.... )

Me dunno much about insurance companies...
So that's why .....
I did nothing.

So got any tipsy or not?

Report out last friday.. today sure jump loh... not a bad stock to keep, but need to hold for long long time to relaize value.

Your 'big man' today got good coverage..

My Big Man???

Already put trojan virus...

Shiiit....



150 for Ini mari wo....
Belum sell aaaa ??

Said bye bye to Ah Lian ....



This post has been edited by gark: Nov 25 2013, 11:48 AM

Looking for new char boh already?

You sell yours already or not?

You sell i sell lor...

Thinking....

There's a new strategy...
It's getting popular...

When people sell.... you should buy.





LOL!

Dont have wor.... you got introduce some boh?.. thinking of buying more 66**...

This post has been edited by gark: Nov 25 2013, 11:52 AM