Highlights
KLSE: IWCITY (1589)       ISKANDAR WATERFRONT CITY BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
1.28   0.00 (0.00%)  1.28 - 1.29  93,700
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Overview

Market Cap: 1,047 Million
NOSH: 818 Million
Avg Volume (4 weeks):1,351,989
4 Weeks Range:1.23 - 1.32
4 Weeks Price Volatility (%):
55.56%
52 Weeks Range:0.80 - 3.29
52 Weeks Price Volatility (%):
19.28%
Average Price Target: 0.72
Price Target Upside/Downside: -0.56

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#3]  |  30-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  28-Feb-2018
T4Q P/E | EY: 34.43  |  2.90%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.97  |  1.32
T4Q NP Margin | ROE: 10.98%  |  3.83%

Headlines

Date Subject
12-Dec-2017 依海城反弹上挑RM1.37/敏源
04-Dec-2017 Mplus Market Pulse - 4 Dec 2017
04-Dec-2017 PublicInvest Research Headlines - 4 Dec 2017
06-Nov-2017 依海城合并急转弯/万年船
05-Nov-2017 李勇坚.林刚河的如意算盘
04-Nov-2017 怡克偉士獻購依海城市-林剛河:可參與大馬依斯干
04-Nov-2017 IWH上市势在必行.林刚河:确保双赢股东可3选1
02-Nov-2017 Ekovest Acquisition on IWC - Worst Deal Ever?
01-Nov-2017 Lim Kang Hoo's reverse psychology - felicity
01-Nov-2017 PublicInvest Research Headlines - 1 Nov 2017
31-Oct-2017 IWCITY intrinsic value
31-Oct-2017 Ekovest Takeover IWCity - What does it means to Ekovest's Share Price ?
31-Oct-2017 Lim Kang Hoo proposes Ekovest-IWCity merger, IWH-IWCity merger off
31-Oct-2017 Ekovest | IWCity: Trading halt fuels talk of restructuring by tycoon
31-Oct-2017 Mplus Market Pulse - 31 Oct 2017
27-Oct-2017 Trader's Corner - Iskandar Waterfront City (IWCB MK)
16-Oct-2017 大马城得标财团近期浮现.林刚河概念股齐扬
25-Aug-2017 PublicInvest Research Headlines - 25 Aug 2017
10-Aug-2017 PublicInvest Research Headlines - 10 Aug 2017
03-Aug-2017 Evening Market Summary - 3 Aug 2017

Business Background

Iskandar Waterfront City Berhad, formerly Tebrau Teguh Berhad, is an investment holding company. The Company, through its subsidiary, is engaged in property development, construction activities and property management services. 

The Company operates in three segments: Property development, which includes the development of residential and commercial properties; Construction, and Property management. Its other services include property investment.

The Company's projects include Danga View Apartment, Danga Walk, Danga Utama, Casa Almyra, Tropez Residences and Oasis 1 @ Tropicana Danga Cove. Danga View offers over 320 units with approximately four types of layout: deluxe units, spacious duplex units, penthouse and standard units. Danga Utama is a commercial hub project in Skudai. Tropez Residences is a 38-stories tower above the Danga Bay waterfront. Its subsidiaries include Bayou Bay Development Sdn. Bhd., Tebrau Bay Sdn. Bhd. and Bayou Management Sdn. Bhd.
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  20 people like this.
 
hng33 Ekovest says:

the Board had today formalised the establishment of a due diligence working group for the relevant documentation and arrangements as well as due diligence matters in relation to the Proposed Acquisition.

The adviser and valuer MUST carry due diligence to show proof and convince result that Iwcity indeed in the midst of receive cash payment on staggering basis every 3 month until 2020 from Greenland and total amount of cash proceed is sum up to total RM 2.36 billion
29/11/2017 10:20
hng33 Board had today received a letter of undertaking dated 27 November 2017 from IWH, wherein IWH undertakes that, inter alia, it shall not accept the offer to be made by Ekovest under the Proposed Acquisition and it will consent to an application for the delisting of IWC, if any, made by Ekovest.
29/11/2017 10:23
hng33 If delisting, take over price will be reinstate RM 1.50 offer. Current share price is at discount 20% attractive bargain compared to offer price RM 1.50
29/11/2017 10:33
taitaumau To capitalize on the RM 1.50 offer price, One need to watch out for:-

- EGM to be convened by ekovest
- Further details on the Terms and conditions of the conditional
voluntary take-over including listing status, Options available
to shareholders, a new higher or lower offer price (proposed by
Ekovest) etc.
29/11/2017 11:04
hng33 Upcoming Iwcity will reap first tranche of profit from greenland payment RM 46m, the staggering are in every 3 month bullet payment until 2020 for total sum RM 2.36 billion
29/11/2017 11:52
Syndicates how much profit recognized in coming quarter result from the 1st payment by greenland?
29/11/2017 12:24
hng33 Based on circular detail on profit gain from land disposal for 2.36 billion, Iwcity is expect to reap net gain 1.2 billion. Thus, the net profit margin is estimate 50%. The first payment received was 46m, so, Iwcity may record net gain 23m in coming q result or about EPS = 3.4 sen
29/11/2017 14:01
Sitandplay come back is real
29/11/2017 15:21
AGOOI2636 Hi any good news
30/11/2017 14:01
hng33 sold back all iwcity at 1.29, lock all contra profit
30/11/2017 16:54
ngng Sold too fast. Should wait for the results...
30/11/2017 17:32
JadeSchira Monday will see strong buying interest
30/11/2017 17:37
Syndicates Result should be good, hints by botak lim. But result announce together with Ekovest, might not gap up on Monday due to this.
30/11/2017 17:49
JadeSchira Iwcity limit up monday. Result is so exceptional. PBT is 140mil plus.
30/11/2017 17:54
Syndicates Ekovest's takeover offer*
30/11/2017 17:54
JadeSchira Dont care about ekovest. If every quarter make 100mil profit, u do the maths
30/11/2017 17:58
Syndicates Ekovest's takeover notice should be released today. Whether can open a good price depends on this, rather than good result
30/11/2017 17:59
Azhar Mokhtar http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=1589

IWCITY profit 89 million
30/11/2017 18:05
JadeSchira Profit is more important bro. This is quality result and will push up NTA
30/11/2017 18:14
Ck Wong @syndicates: 2 more weeks needed.. http://www.klsescreener.com/v2/news/view/313491/%E6%94%B6%E8%B3%BC%E4%BE%9D%E6%B5%B7%E6%8E%A7%E8%82%A162-%E8%82%A1%E6%AC%8A-%E6%80%A1%E5%85%8B%E5%81%89%E5%A3%AB%E9%9C%802%E9%80%B1%E8%A9%95%E4%BC%B0
30/11/2017 18:27
hklcheng profit 89 million with lost project?....cant believe....cheat
30/11/2017 19:21
MoneyUp888 Is this good news or bad news for ekovest?
30/11/2017 19:21
Syndicates Should have buy more. Sold back half as it closed at 1.29 today. Waiting for a fruitful profit. Cheers
30/11/2017 19:38
JadeSchira Hello? Why cheat? Taikor is Tan Sri Lim and Johor Govt. use some common sense
30/11/2017 19:44
Kwanvj Monday open shoot up to rm1.60
30/11/2017 19:48
pretty_life I really speechless ...limit up again? Hahaha
30/11/2017 20:03
Ghostliker Limit up together with Ekovest
30/11/2017 20:27
UncleJohn Now all the tin kosong haters disappear, taught ppl tan sri business....joker...like tan sri said, " halo , I am the largest shareholder, I wouldn't sabo myself la"....
30/11/2017 22:11
Striker90 https://www.propwall.my/developer/133/greenland-tebrau-sdn-bhd
01/12/2017 07:25
Yu_and_Mee Limit up? Very kidding statement. Should be killing you softly.
01/12/2017 11:15
Striker90 同一只股,有人看好有人不看好,你买进时多少钱只有你懂,我只知道有价值的东西,买在低点,风险大大降低
01/12/2017 17:34
SamuelLuke would IWCITY go higher than RM 1.5 when the take over offer was at RM1.5??hmmmm
02/12/2017 13:45
smartstock the value of the land that iwcity has now is very high price, if use the current price divided by the number of stock, each share should have value at RM3.80 now
02/12/2017 14:01
smartstock such a good stock sure major shareholder wanna do privatisation
02/12/2017 14:02
PeterNg Resistance 1 RM2.00
Resistance 2 RM2.45
02/12/2017 22:32
TrippleZ Forget 2.00 or 2.45 or 3.80. Just sell to ekovest at 1.50. Let ekovest shareholders enjoy the cash flow from iwcity.
02/12/2017 23:11
RichandRich Iwcity shareholder should join Ekovest to participate in the upside pontential through the acquisition deal.
03/12/2017 18:04
RichandRich This can be a once in a life time exit opportunity for iWC shareholder.
03/12/2017 19:20
paktua73 old man sold all first at 1.31,1.30
just bring back capital only..
old man always tut tut
04/12/2017 09:23
Striker90 Ini kali Tut Tut lo, why old man sell? no faith?
04/12/2017 12:51
ngng Why price still not up with good news?
04/12/2017 16:24
taitaumau Just too bad, price can't go up because the market say so.
04/12/2017 17:00
AGOOI2636 hi any good news
05/12/2017 09:12
Kwanvj Botak tidur
06/12/2017 13:43
TheLegend27 this share can ditch. botak dilemma now don't know how to save both company together
09/12/2017 17:25
UncleJohn Here come the good news....go check
12/12/2017 13:40
Lee Joo Li http://www.bursamalaysia.com/market/listed-companies/company-announcements/5634185
12/12/2017 17:18
JadeSchira Means? Too bad EGM in Johor not KL
12/12/2017 18:33
kwang2209 NOTHING SPECIAL LA.. DON'T HAO SIAO PPL
12/12/2017 19:07
wotvr Botak got plan but he wanna kill all the weak holders first.
13/12/2017 07:34


 

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