From the figure and chart above, we can see that plenitude is growing consistently and it has clear off its debt and with RM335million cash on hand. It seems plenitude has a healthy position in its financial, but I feel that it is too conservative to expand its business. Year 2011 is a good year for construction, but it only able to achieve a minor growth. If you calculate properly on its ROE, you will notice that its ROE keep on decreasing, from 14.1% at year 2008 decrease to 11.8% at year 2011.
My conclusion is the Management is too conservative, however it is a safe to invest it with a dividend yield around 4%
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