Last Price Today's Change   Day's Range   Trading Volume
2.44   0.00 (0.00%)  2.44 - 2.45  184,200
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.


Market Cap: 3,255 Million
NOSH: 1,334 Million
P/E | EY: 10.66  |  9.38%
DY | Payout %: 4.15%  |  44.22%
NAPS | P/NAPS: 3.3187  |  0.74
Avg Volume (4 weeks):221,572
4 Weeks Range:2.40 - 2.46
52 Weeks Range:2.26 - 2.71
Average Price Target: 2.71
Price Target Upside/Downside: +0.27


Latest Headlines
25/11/2016  净利胜预期.怡保花园财测上调
24/11/2016  IGB - Lifted by One-off Gain
09/11/2016  筹10亿发展产业.怡保花园现金流强劲
26/10/2016  IGB REIT - 9M16 Within Expectations
26/10/2016  IGB REIT - 9MFY16 Results: In-Line
26/08/2016  IGB CORPORATION BERHAD - Lower Property Development Revenue
17/08/2016  7.65亿售酒店.怡保花园新资产回酬看好
16/08/2016  IGB CORPORATION BERHAD - Disposes Renaissance Hotel for RM765m
Trade this stock for as low as 0.05% brokerage. Find out more.

  2 people like this.
Sebastian Sted Power Dato Tan Huat Seang
05/04/2015 00:01
ImCK limit down gua
05/04/2015 02:17
hw0706 KUALA LUMPUR: Tan Sri Dr Jamaluddin Jarjis and Datuk Seri Azlin Alias are among those who perished in the helicopter crash at Jalan Sungai Lalang, Kampung Pasir Baru, Semenyih near here.

Tan Sri Dr Jamaluddin Jarjis. Pix by Rosela Ismail

Datuk Seri Azlin Alias
Jamaluddin was the member of Parliament for Rompin and the chairman of PR1MA while Azlin was the principal private secretary to the Prime Minister.

Datuk Tan Huan Seang. Pix by MOKHSIN ABIDIN
Others who died in the crash are Datuk Tan Huan Seang , Jamaluddin's bodyguard Razakan Seran, pilot Clifford William Fournier and co-pilot Aidiana Baiziera.

Their names were officially released by Transport Minister Datuk Seri Liow Tiong Lai.

"It is with great sorrow that I confirm reports of fatalities in relation to the crash of a civilian helicopter, which occurred earlier today in Semenyih, Kajang. We offer our deepest condolences to the families and loved ones of those affected.

"On a personal note, I am struck by this tragic news, as Jamaluddin and Azlin were both colleagues of mine whom I knew personally. This is indeed a great loss and my thoughts and prayers are with their families and the families of the other victims during this tragic time," he said at HKL, where the bodies were taken for forensic identification.

The aircraft was owned by IGB Corporation and operated by Cempaka Aviation.

He said the Department of Civil Aviation has initiated an investigation into this crash.
05/04/2015 05:38
fast Fund managers' holding:

Public Regular Savings Fund 3.57%
Invesco International Small Company Fund 1.91%
Dimensional Emerging Markets Value Fund 1.13%
Somerset Emerging Markets Small Cap Fund 0.74%
APS Asia Pacific Master Hedge Fund 0.43%

Public bank target price RM4.8
02/05/2015 19:39
fast quarterly report:

23/05/2015 09:33
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/1597/31-Mar-2015.jsp
23/05/2015 12:42
fast Tan Chin Nam Sdn Bhd (TCNSB) keeps acquiring shares...
10/06/2015 08:27
fast Dividend RM0.05 payable on 18 Sep.
19/08/2015 09:02
fast http://klse.i3investor.com/servlets/staticfile/267661.jsp

TP: RM4.8
19/08/2015 11:43
muskamal So stingy with dividends. That's why the stock hardly moves....
17/09/2015 12:49
fast TAN CHIN NAM SENDIRIAN BERHAD keeps buying shares since 9 Jun, from 73.32% to 73.48%...
06/10/2015 08:12
n00bPelabur Undervalued stock below Nta, but low volume. Hmm good to enter or not IGB for you guys?
13/10/2015 21:53
n00bPelabur Especially with PE 15. Or should I wait for lower price?
13/10/2015 21:56
fast I guess IGB is going to privatize soon, looking at Goldis Berhad share buyback trend, from 28 Oct 2014 63.75%, keep buy buy buy until now 19 Oct 2015 73.42%, almost bought back 10% total shares in 1 year time...
20/10/2015 07:29
IVKLSE Post removed. Why?
01/11/2015 16:09
fast IVKLSE: I think it's a bold claim to say IGB can't pay the debts in 2016.... I don't think so.
02/11/2015 08:02
KKP05 Fast,.i support u
04/11/2015 00:35
chabalang IVKLSE: do you know the concept of consolidation in accounting? Most of IGB's debts are parked under IGB Reit. From both balance sheet and cash flows perspective, IGB is one of the most financially sound property counters in Msia. However, its gearing MAY edge up in 15-17 due to its SouthKey Megamall in Iskandar, London and Southpoint@Mid valley projects.

Caveat: IGB is a not a short-term stock - you must have patience and 'out-wait' the Tan family for its potential. Its Southkey megamall will be a key catalyst from 2017.

FYI: http://www.theedgeproperty.com.my/content/igb-rm15b-cash-pile-generate-recurring-income . The article is more than two years ago but IGB's current cash position & cash flows at holding coy are still healthy after getting that cashpile from listing of IGB Reit.

You should also read independent adviser's report on Goldis' takeover offer on IGB in 2014.
04/11/2015 22:48
Win188 maybe IGB should consider reward shareholder by giving treasury shares to us since IGB has so many treasury shares...
04/11/2015 22:48
IVKLSE @ fast & @ KKP05
Don't misunderstood me, I did not say IGB cannot pay the debt in 2016. Let make it clear I just their current cash reserve is insufficient base on latest quarterly report. However there are many ways to pay the debt such as
1) roll over - might get higher interest rate
2) private placement - dilute the share price

Yes the loan is mostly owned by IGBREIT which 50% owned by IGB.
Around 60+% of the IGB 2014 profit is from the MVM and TGM are which is part under IGBREIT which means if IGBREIT is going to pay the loan indirectly IGB will had lower profit sharing from MVM and TGM.

As for Southkey mall will be a key catalyst from 2017, in my opinion it might not be. Looking at the property market in Malaysia this year especially in Johor has slow down. I might agree the shopping mall might attract Singaporean to come and shop in the future. However as for the hotel and office blocks in my opinion it might not be as good as Midvalley currently as Midvalley located in a strategic location. Malaysian would rather to work in Singapore than to work in Johor because is just a few kilometer away and can earn more in term of Ringgit Malaysia. Big multinational company will rather be in Kuala Lumpur.

As for the hotel, I think besides Legoland Johor might not have must attraction to attract tourism compared to Kuala Lumpur. Johor is also located far away from KLIA and Senai airport is too small to cater the tourism. The only tourism I can think of is either Singaporean or foreigner visit to Singapore and drop by Johor just to make a visit to Malaysia.
04/11/2015 23:51
chabalang IVKLSE: I can accept your viewpoint that Southkey's office and hotel components may not fare as well as Mid Valley City in KL (the demand-supply dynamics for office/hotel in Iskandar is rather weak at the moment) but timing will be key. However, the office/commercial part will be phased out and not be built first (will be timed accordingly - remember even Mid Valley City was planned in the late 1908s and construction commenced in the 1990s -> it took more than 20 years to build until its last/current project - Southpoint) . The first phase of Southkey project is the shopping mall. If you understand JB retail scene and know the connectivity of the Southkey Megamall, you can appreciate better why I think it will be successful. Firstly, it will be the biggest shopping mall in JB - size, location/accessibility and mall management matter in retail space. Secondly, its connectivity/location is the one of the best among its key competitors (currently, the most popular malls in JB are City Square/Komtar, Aeon Tebrau City, KSL Mall, Angsana Tampoi and Sutera Mall) - > its direct link to EDL is the key and it is only 5 min from the CIQ. Thirdly, IGB will have a ready tenant pool from its Megamall & Gardens shopping malls and has run both of them successfully.

As for your debt analysis on IGB, it is too flawed for me to explain...sorry about that. It will be too long for me to explain why your analysis is off tangent. For liquidity/debt stress analysis, you have to look at CASH FLOWS (IGB REIT is supposed to be geared for 'optimal' capital structure - you should look at interest expense coverage and maturity profile of loans/financing). For simplicity, just ask any experienced corporate banker whether they think IGB can repay loans/financing or not. We are all still learning - keep an open mind...a good start is to read the two independent advisers' reports on Goldis' takeover offer on IGB (you can get it from Bursa -> one is for Goldis s/hs and the other is for IGB s/hs).

BTW, someone/some parties have been slowly 'pressing down' IGB share price in the past few weeks - for unknown reason(s) (or rather cannot be posted on a share forum). The sellers' brokers are mainly from CS, UBS, CLSA and Hwang-Affin, they (CS and UBS) have been selling 1 bid lower in 'bite-sizes' (it is untypical of big-time foreign brokers such as CS and UBS to sell in 1 or 2 lots as it is a waste of their time unless there are specific instructions to do so or to meet an objective). Guess for yourself why they are doing that. If you study IGB's shareholding structure (Goldis owns 73.4% (excluding extended Tan family direct holdings), EPF - 5.1%, Public Mutual funds - 4.4%, GIC - 1.4% and treasury shares - 2.2% , you will know the remaining free float of IGB in the market is less than 15% in the market.
05/11/2015 17:56
Win188 chabalang...u mean someone pressed down the price slowly recently to let other party collect it at low price then IGB being take over?
06/11/2015 00:12
Win188 when the quarter result will come out? tq
23/11/2015 11:08
chabalang win188: out today (25/11). The key issue with IGB: is it a "value trap"? A lot boils down to whether the major s/h (Tan family) wants to share the 'true value' of the group with minority shareholders or not (related to corporate governance). Current mkt sentiment is unfavourable to property counters, but IGB is more an investment properties holding company than a property developer.
25/11/2015 22:48
fast TP: RM4.8 http://klse.i3investor.com/servlets/staticfile/273580.jsp
26/11/2015 16:43
Win188 why suddenly drop so much today?
30/11/2015 17:01
Win188 hopefully Goldis can offer higher price to take over IGB as IGB's NTA at least 3.50...
30/11/2015 17:41
GenghisHoe Hi chabalang, I'm interested in making friend with you. Your comments are informative and it has shown that you did very in-depth analysis on it. I wish that we can be a friend and discuss it further. If you're interested toO, kindly drop me an email at bosx8989@gmail.com.

Looking forward to your reply. ^^
01/12/2015 07:15
Win188 hopefully IGB can go up above 2.80 in near term...
01/12/2015 17:00
Win188 when fund managers will push up IGB?
02/12/2015 20:03
chabalang @Win188: 2.80??? Unlikely in the near term (unless another GO or a significant investment property divestment). IGB is more a 'waiting game' stock...if you expect short-term significant gains, be prepared to be disappointed. Based on share price of 2.30, dividend yield of 4.3% (assuming 10 sen p.a.) or 3.3% (assuming 7.5 sen p.a.) -> relatively decent yield for waiting.
02/12/2015 22:16
Win188 why not IGB rewards shareholders by distribute treasury shares to shareholders since IGB got 26mil of treasury shares?
06/12/2015 00:05
Win188 when IGB will wake up move upwards again?
17/12/2015 22:26
Win188 when IGB will move upwards again?
23/12/2015 22:11
shareprofit if i got a million, i'd buy all in this counter...something bound to happen
06/01/2016 22:07
Win188 shareprofit...can elaborate more about something bound to happen in IGB?
thank you
09/01/2016 10:02
fast From Public research report: "IGB is hopeful that its London project will be unveiled by 2H2015. The mixed project is said to have RM4.2bn in GDV. As for its 5.8-acre project in Bangkok, Thailand, the Group has plans to develop 2 blocks at this juncture with RM800 GDV. As for hotels, the Group added 1,139 rooms with the opening of 210-room Cititel Express Ipoh, 234-room Cititel Express Penang, 415-room St Giles Wembley Penang and 280-room The Tank Stream St Giles Premier in Sydney, Australia."
11/01/2016 08:22
fast Dividend per share RM0.15, current price RM2.29, dividend yield 6.6%
18/01/2016 08:11
Win188 IGB so boring....it doesn't move at all, no matter market up or down.....
22/01/2016 20:32
Win188 Good....TP RM4.80
23/01/2016 13:03
Win188 Good....TP RM4.80
23/01/2016 13:04
Win188 when IGB quarter report will coming out?
15/02/2016 22:26
Win188 when IGB quarter report will coming out?
16/02/2016 10:37
Win188 when IGB quarterly report will coming out?
18/02/2016 16:15
Win188 tq
18/02/2016 16:15
Win188 blia mahu goreng IGB?
18/02/2016 16:37
char1234 try ewein....growth company
22/02/2016 16:05
chabalang @win188: 4Q15 is supposed to be out later this evening. IGB is not a 'goreng' stock...it is a waiting game. If you want 'goreng' ones, just go for the top 10 volume stocks.
23/02/2016 12:14
ms001118 QR just out last month right?
21/03/2016 15:19
RainT March 2016 until now
No investor comment.....really tak laku this REIT
19/12/2016 00:31


303  321  507  625 

Top 10 Active Counters
 UMWOG 0.73-0.155 
 MATANG 0.1350.00 
 ICON 0.465+0.03 
 THHEAVY 0.16+0.005 
 HIBISCS 0.46-0.005 
 SKH 0.075-0.005 
 AEGB 0.1750.00 
 REACH-WA 0.125-0.01 
 BJCORP-WC 0.06-0.005 
 ARMADA 0.64+0.025 
Partners & Brokers