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This was a successful property developer that got into profit problems when it diversified into hospitality. From 2014 to 2016, it had an average ROE of 8%. Over the past 3 years, its ROE averaged 1%. The mean ROE of the large Bursa property companies as per https://www.i4value.asia/2021/06/will-malaysian-property-industry-turn.html#more averaged 2% over the past 3 years. Will Plenitude be able to return to its previous good performance?
Hi Dato Eu, seems like both hospitality and property segments are turning around for Plenitu. The whole year profit almost back to pre-covid level but the share price is still lagging behind. Can Dato Eu comment on property stock KSL? Earnings are fantastic recently but there has been no dividend for many years.
