Highlights
KLSE: IGB (1597)       IGB CORPORATION BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
2.82   0.00 (0.00%)  2.82 - 2.84  96,600
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 3,850 Million
NOSH: 1,365 Million
Avg Volume (4 weeks):128,189
4 Weeks Range:2.81 - 2.84
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:2.40 - 2.99
52 Weeks Price Volatility (%):
71.19%
Average Price Target: 4.80
Price Target Upside/Downside: +1.98

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#2]  |  22-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  23-Nov-2017
T4Q P/E | EY: 10.04  |  9.96%
T4Q DY | Payout %: 3.47%  |  34.79%
T4Q NAPS | P/NAPS: 3.3689  |  0.84
T4Q NP Margin | ROE: 48.92%  |  8.34%

Headlines

Date Subject
23-Aug-2017 Mplus Market Pulse - 23 Aug 2017
14-Jul-2017 PublicInvest Research Sector Update - Property (Neutral)
03-Jul-2017 Mplus Market Pulse - 3 Jul 2017
30-Apr-2017 郭晓芳.怡保花园卖或不卖?
24-Feb-2017 IGB Corporation Berhad - Another Take-over Offer
23-Feb-2017 售酒店料获8500万.怡保花园财测调高
22-Feb-2017 IGB Corporation Berhad - Within Expectations
26-Jan-2017 Mplus Market Pulse - 26 Jan 2017
25-Nov-2016 净利胜预期.怡保花园财测上调
24-Nov-2016 IGB - Lifted by One-off Gain
09-Nov-2016 筹10亿发展产业.怡保花园现金流强劲
26-Oct-2016 IGB REIT - 9M16 Within Expectations
26-Oct-2016 IGB REIT - 9MFY16 Results: In-Line

Business Background

IGB Corporation Berhad is engaged in investment holding and property development. Its principal activities include property development, property investment and management, owner and operator of malls, hotel operations and construction. Through its subsidiaries, it operates in three segments: Property development, which is engaged in the development and sale of condominiums, bungalows, linked houses, shoplots and office suites; Property investment and management, which includes rental income and service charge from retail and office building, Hotel, which includes income from hotel operations. Other operations of the Company mainly consist of civil, building construction, investment holding and project management services. On January 12, 2010, it acquired Idaman Spektra Sdn Bhd. on January 28, 2011, it dissolved three subsidiaries: K Parking Sdn Bhd, Mid Valley City Residences Sdn Bhd and T-Bond Construction Sdn Bhd. In October 2011, it disposed 6.5% interest in Ipmuda Berhad.
Analyze this stock with MQ Trader system

  2 people like this.
 
danny123 iris, pl think before u talk, where u put ur brain?
goldis control igb 73%, how can GLC take over igb??
unless goldis want to dispose igb, it look imposible to happen
23/06/2017 15:44
danny123 if goldis want to dispose igb , it will not be 3.0, it will be above 4.0., so dont dream
Goldis want to buy cheap at rm3
23/06/2017 15:48
magus Goldis has the resources to finance the takeover, so don't talk rubbish iristan, and that has been revealed when they proposed the takoever.
23/06/2017 15:51
magus The issue here is for EPF and the other big shareholders to press for a fairer price b4 agreeing to the takeover by Goldis. Btw, I don't think Goldis will want to dispose off IGB, that company is practically a gold mine, that's why Goldis is proposing the takeover. Only thing is the price offered is too low. Goldis is trying to buy a diamond for the price of a marble because they think they can. It is up to EPF and the other big minority shareholders to teach them a lesson.
23/06/2017 15:58
invest_101 @tipumakan, you are actually answering the question you posed in your second paragraph. Cheers and good luck.
25/06/2017 09:05
danny123 if igb go above 3.0, then it will be hard for them to take private.
hopefully some institutions will push above 3.0
then igb ve to counter offer at higher price.
29/06/2017 16:02
danny123 it ve to happen before d EGM
29/06/2017 16:03
invest_101 @danny123, I think its not so straight forward as the offer is not only in cash. I would imagine that if Igb goes past rm3, goldis would follow accordingly probably at a slight premium and track the price of the swap offer. Also there is no apparent reason for Igb's price to surge as the market is well aware of it's nta.
30/06/2017 09:30
danny123 2 nd and 3rd option also not good bcause it dilute igb value.
base on market history when d offer is too low , shareholder must reject d offer (vote again d EGM)
im sure later goldis ve to counter offer better price.
i can give u a fews eg company ve to counter offer a better price or d price went up above d offer price;
mieco offer around 1.00 . now 2.20
i will give u more counter later
30/06/2017 10:00
danny123 last week iris mention this week will announce, let see it happen
30/06/2017 11:46
danny123 no one is right at present.
if aborted, bcause they know they cant get d shareholder approved ( offer too low)
the share will go up to 3.50 then
30/06/2017 14:00
danny123 company take private

delloyd
16 may 2014 offer rm4.80
11 aug 2014 revised to rm5.20
delisted on 31 mac 2015

hunza properties
20 mac 2015 offer rm2.50
4 aug 2015 revised to rm2.90
delisted on 8 apr 2016

the above is proven when d company offer is too low, d company ve to counter offer at d higher price when shareholder reject d first offer
so vote wisely when d EGM call
30/06/2017 17:42
danny123 Iris for d past 2 wks u been telling us goldis will cancel igb privatisation plan.
I think u are goldis agent try to influence us to sell our share now which is undervalue.
Where do u put ur brain???
30/06/2017 22:59
magus see the revised proposal from goldis? pure rubbish. Like I hv mentioned b4, goldis wants to buy a a sterling asset but wants to get it as cheaply as possible. it wants to have the cake and eat it too. The big minority shareholders like epf must press for higher price or else vote to reject offer. the epf owes it to their members to get top value for their investments.
04/07/2017 09:46
danny123 iris , u make some comment this morning, why u deleted??
let people judge ur judgement ma.
04/07/2017 16:09
danny123 iris , most of ur comment last wk u also deleted.
04/07/2017 16:12
magus exchange igb shares for goldis shares buat apa? goldis shares very tightly held and illiquid.
04/07/2017 17:35
danny123 Iris, why u delete again your comment? Pls dunt create false news here to encourage shareholders to sell at lower price. I think your heart is not good. God will never forgive u and punish u everytime u create false new in this web. Think twice before u comment.
04/07/2017 21:50
danny123 Iris, im not going to waste time with u. If no false news, why u deleted all your comments for the pass two weeks. I wish the shares can fall below 2.80 so that i can buy more...
05/07/2017 00:09
magus what is there to brew? unless the big minority shareholders play hardball with goldis, the offer price will remain at rm3. And there is really no reason to go for goldis shares in exchange coz goldis shares also very tightly held and illiquid and the share price is very sticky.
07/07/2017 10:07
danny123 Dont con by goldis
07/07/2017 18:47
magus IrisTan your comment on the Goldis public spread is only true if none of the affected shareholders takes 100% cash for their IGB shares and everyone concerned take some form of cash plus Goldis shares or cash plus RCCPS (with a miserable 4.3% dividend rate for 7 years). The most likely scenario is that Goldis will remain tightly held and iiliquid. The major shareholders of IGB and Goldis might as well take all the companies concerned private and avoid sharing whatever profits they can get from the business of Goldis and IGB with outsiders.
07/07/2017 19:26
iphone4 If the deal goes thr,Take the total Cash offer. Since Goldis raised the first tranche of Preference Shares (RCPA) 2015-2020, divd has been "shitty" for the shareholders (Goldis). With another tranche to be raised, it is going to be worse. Commitment to Preference Shares need to be paid first.
10/07/2017 15:40
danny123 below 2.80 coming
10/07/2017 15:57
magus iphone4 is right; better take the cash offer and invest in other counters that can offer better returns or which are more liquid instead of getting stuck with goldis with nothing much to look forward to. If not, take the money and go on a long vacation.
12/07/2017 10:01
danny123 Last year Hwang capital want to take private at 2.65, about 34% minority shareholder reject d offer bcause offer TOO LOO.
Today , Hwang counter offer d minority at 2.96, Let see d EGM will go true???

What about IGB offer at rm 3.0. UNDER VALUE??
Then during EGM please REJECT the offer
Let Goldis counter offer at the higher price.
21/07/2017 11:26
kaikai When is the EGM ?
21/07/2017 17:45
danny123 At least hwang give a better counter offer.
Not like goldis offer igb, end up igb shares become diluted.
For the past 3 years, igb pay a good dividend ard 10-15 sen but goldis pay 2-5 sen only.
Those who accept option 2 will not get a good dividend later on.
A lot of research said igb worth more than RM4, NTA RM6.
BEWARE OF IRIS TAN MOST LIKELY IS THE GOLDIS AGENT. PREVIOUS WRITE UP, SHE MENTIONED THE DEAL WILL BE ABORTED AND IGB SHARE WILL COME DOWN TO 2.40, THEN SHE ENCOURAGE PPL TO SELL.

LETS VOTE NO TO GOLDIS
21/07/2017 22:57
cheoky Aiya agent or not agent just buy la.
24/07/2017 09:35
danny123 For those who still hold IGB shares, they should keep try not sell at this level.
For those who didnt have, i think its a good investment to accumulate at ard 2.80.
Im still waiting at 2.80, i will start collecting more.

For d privatisation of IGB, as mentioned earlier, the proposal is not good for minority shareholders. Reason:
1) Goldis offer @ 3.00 is cheap. Some research stated the value of the shares shld be 4-6 ringgit.
2) For option 2&3 is not good, because igb shares will diluted and u wouldnt get a good dividend anymore.
Presently igb pay abt 10-15sen but goldis pay only 2-5sen.

IF EVERYONE REJECT THE 3 OPTONS, I BELIEVE LATER ON THEY WILL COUNTER OFFER 3.30-3.60
SO HOPE ALL THE SHAREHOLDERS ATTEND THE EGM AND REJECT THE OFFER.

IRIS, IM NOT THE IGB/GOLDIS AGENT AND IM JUST ONE OF IGB SHAREHOLDERS WHICH STRONGLY BELIEVE THE IGB SHARE OFFER IS TOO LOW.
PLS DUNT CONFUSE PPL BY SAYING IM AN AGENT.
I & MY FRENS HOLDING 2% OF IGB SHARES. WE WILL GO TO EGM AND REJECT D OFFER.
24/07/2017 14:05
danny123 IrisTan, we are going to complaint to the EPF board of directors regarding your statement above.
RT has jalan we also have jalan.
Based on your statement, look like RT already rasuah d EPF. We are going to report to MACC & SC.
I have snapshot your above statement.
24/07/2017 21:19
RanjitSingh Danny123, you can now make an official report against IrisTan.

However, based on our investigation, your IP address is same as IrisTan. It is likely both of you are the same person.

We wish to remind you that lodging a false report is an offence under the Capital Market & Services Act, 2007.
24/07/2017 23:17
danny123 Ranjitsingh, GOD will punish u later for lying saying that danny123 n Iris tan are d same person.
Hope it happen because u are LYING
25/07/2017 00:38
danny123 Ranjitsingh, your replied at 23.17 after I written the comment at 21.19 , within this short time frame how can u come out with investigation, myself n iristan having the same Ip address.
It look likes u and iristan are comrades or working for golddis?

GOD WILL PUNISH U FOR LYING, BANGGGALI GOD?

Well , it will not prevent us from making complaint to relevant authority, EPF, MACC AND SC BASED ON STATEMENT MAKE BY IRISTAN
WE SHALL SEE LATER
AND HOPE THEY WILL INVESTIGATE

BY THE WAY THE OFFER IS TO LOW WE STILL CAN COMPLAINT TO SC ALSO????
SHAREHOLDERS DONT LOSE OUT
25/07/2017 01:20
danny123 iristan, i personal dunt know u at all.
I'm very sure both off u( iristan and ranjitsingh) will be punish by CHINESE GOD AND BANGGALI GOD later for lying .

VOTE NO FOR IGB EGM, AND LATER GET A BETTER OFFER TO ALL THE MINORITY SHAREHOLDERS
25/07/2017 08:37
danny123 IrisTan, i have more than enough already IGB shares. Only waiting to accumulate more if cheap.
Im waiting @ 3.50 only sell.

GOD WILL ONLY PUNISH THOSE WHO LIE LIKE U & UR FRIEND
27/07/2017 13:22
danny123 we wish the proposed scheme will REJECTED by shareholders.
If the share come down, we will be HAPPY to collect more as mention early.
Igb share can keep for long term.
So Goldis ve to counter offer a better price if we REJECTED the scheme
27/07/2017 16:21
danny123 HAPPY TRADING & HOPE EVERYONE WILL MAKE MORE MONEY FOR THIS COUNTER.
27/07/2017 16:23
magus i put in order to buy at 2.80 but noone biting, lol.
01/08/2017 17:14
860000 bought 2.81
01/08/2017 17:25
magus who is paying 2.88, iristan? and by standard rate you mean 5sen?
03/08/2017 11:13
magus got dividend or not? tired of waiting. The BOD of IGB still haven't made their decision on the offer, moving like a bunch of doddering old men until the snail also moves faster.
22/08/2017 15:54
magus only 5 sen dividend; I thought that they will declare a higher amount with such good profits and make the rm3 offer price at least more attractive. Bloody cheapskate.
23/08/2017 00:29
magus who knows, IrisTan? the minority may be too exhausted to dance any longer and they will just take the lousy price offered by the cheapskate buyer so that they can move on with their lives.
23/08/2017 14:56
magus they have to get the price to go beyond 3.05 if that is the plan since a 5 sen dividend is already assured if shareholders wait. And selling in the market involves costs which accepting the offer doesn't. An attractive price should be at least around 3.10.
24/08/2017 12:17
tipumakan http://www.sinchew.com.my/node/1686149/%E6%9F%94southkey%E5%A4%8D%E5%88%B6%E8%B0%B7%E4%B8%AD%E5%9F%8E%EF%BC%8E%E6%80%A1%E4%BF%9D%E8%8A%B1%E5%9B%AD%E4%BA%A7%E6%89%98%E5%89%8D%E6%99%AF%E7%9C%8B%E4%BF%8F

Southkey mid valley alone is potentially worth RM4 billion, if this article is true. Please vote NO!!
27/09/2017 21:10
tipumakan http://www.theedgemarkets.com/article/igb-reits-southkey-seen-replicate-mid-valleys-success

English version.
28/09/2017 18:07
tipumakan @IrisTan, hope your news are true !!
29/09/2017 15:13
tipumakan EPF sell their shares and not waiting for RM3 takeover?
06/10/2017 19:32
tipumakan http://www.thestar.com.my/business/business-news/2017/10/17/2018-an-exciting-year-for-igb/
17/10/2017 16:46


 

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