Highlights
KLSE: IGB (1597)       IGB CORPORATION BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
2.95   +0.01 (0.34%)  2.94 - 2.95  18,000
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Overview

Market Cap: 4,028 Million
NOSH: 1,365 Million
Avg Volume (4 weeks):2,161,126
4 Weeks Range:2.82 - 2.98
4 Weeks Price Volatility (%):
81.25%
52 Weeks Range:2.40 - 2.99
52 Weeks Price Volatility (%):
93.22%
Average Price Target: 3.00
Price Target Upside/Downside: +0.05

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#3]  |  21-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  21-Feb-2018
T4Q P/E | EY: 13.51  |  7.40%
T4Q DY | Payout %: 3.32%  |  44.77%
T4Q NAPS | P/NAPS: 3.3649  |  0.88
T4Q NP Margin | ROE: 40.12%  |  6.49%

Headlines

Date Subject
26-Nov-2017 怡保花园金诗二变一/万年船
22-Nov-2017 IGB Corporation Berhad - Within Expectations
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

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.
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  3 people like this.
 
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
danny123 EGM on 21 nov
Please attend

n also pl VOTE NO
31/10/2017 10:46
tipumakan Cant attend. But already ask bank to fill up the proxy form to vote NO on behalf of me.
31/10/2017 14:51
danny123 EGM say NO to IGB
01/11/2017 16:05
tipumakan Independent advisor says RNAV at RM6.9+/ share....
03/11/2017 09:16
danny123 SO PLEASE VOTE AGAINST THE EGM
03/11/2017 10:26
danny123 COME DOWN LATER WE CAN BUY MORE
03/11/2017 10:27
Hk Wong if is go through than how
06/11/2017 12:11
tipumakan if go through then choose from the 3 options offer, at RM3
06/11/2017 13:05
tipumakan this takeover only benefit Goldis shareholder. If still remember Kassets, this could happen to IGB also
07/11/2017 19:19
invest_101 Vote Yes and get the opportunity choose from 3 options depending on your analysis. If you think nta of Igb is high, then swap for Goldis which have an even higher nta. Good luck
09/11/2017 08:16
danny123 GOLDIS , PAY VERY VERY LITTLE DIV

VOTE AGAINST, THEN MAYBE GOLDIS WILL COUNTER OFFER HIGHER PRICE LIKE OTHERS COMPANY
09/11/2017 09:52
danny123 HOLD FOR 2 MORE YEARS, MAYBE 3.80
09/11/2017 10:07
danny123 THEN U MUST VOTE AGAINST
09/11/2017 10:08
tipumakan Yeah. Goldis has higher NTA, only for now. If take over go through, dont forget Goldis will issue new share, so in the end everything will come to a square. Existing IGB shareholder does not enjoy anything but selling everything at dirt cheap price and handling billion of hard cash to Goldis. Wait for few years until Southpoint and southkey project complete, you will see profit improve and share price will follow.

As for why Goldis is paying less dividend and IGB is paying dividend well, i guess is because Goldis need to serve the interest of their preference share. So, IGB is the ATM machine for Goldis, thats why now IGB enjoy higher dividend. If take over go through, mostly they will tell you they need to reserve cash for development. So after serving the enlarge Preference Share, nothing much can pay for dividend.

Be wise, vote no and reject
09/11/2017 13:58
invest_101 @danny123, Opt for Goldis Pref if you want higher div ie 4.28%
@tipumakam, diluted Goldis after offer will still be relatively high as it currently hold 75% of Igb.
10/11/2017 05:52
tipumakan EPF ceased as major shareholder....
14/11/2017 18:32
newharvest TOMORROW 21 nov 2017 EGM @ 3pm. Hope to c many minority shareholders attending.
20/11/2017 13:34
danny123 Vote NO
20/11/2017 20:26
invest_101 Vote yes and realise immediately your investment via any of the 3 options that fancy you. No point waiting for more years to profit from your investment. Cheers and all the best.
20/11/2017 20:42
danny123 VOTE NO

COUNTER OFFER LATER BY GOLDIS 3.50

THEN WEDNESDAY MAYBE 3.10

SAY NO

RICH MEN CHEAT POOR PEOPLE
20/11/2017 21:20
danny123 NTA 6.90

OFFER 3.00

PLEASE REJECT THE OFFER TODAY

THEN IGB WILL GO UP 3.10 TOMOROW
21/11/2017 09:55
taitaumau A definite "NO" in to-day EGM
21/11/2017 10:59
newharvest Vote 'no' for sure.
21/11/2017 11:23
tipumakan Anyone live update from EGM? Appreciate
21/11/2017 15:24
k3nthiew Pls update if any result.... THANKS
21/11/2017 15:31
Jtpg any live updates please for those that couldnt attend
21/11/2017 15:36
danny123 A lots complaint not fair offer
21/11/2017 15:56
Jtpg how did the management responded?
21/11/2017 16:01
mayren what's the outcome of meeting please?
21/11/2017 16:22
danny123 Ve not vote yet
21/11/2017 16:27
k3nthiew So late... shld provide buffet dinner... untung dinner
21/11/2017 16:31
tipumakan complain complain. ask them re-offer at RM5..
21/11/2017 16:43
tipumakan @danny123. thank you for the update. if not causing trouble to you please continue update us ya. Thanks in advance
21/11/2017 16:45
Jtpg I think 3.5 is fair
21/11/2017 16:46
k3nthiew Thanks danny123
21/11/2017 16:52
jhew7477 Hi Danny, did they mention on which day will they release the Q3 results?
21/11/2017 17:12
k3nthiew voted already?
21/11/2017 17:19
danny123 Approved
21/11/2017 17:28
Hafid Deal done.
21/11/2017 18:54
tipumakan omg.. 99.34% Vote for approve...
21/11/2017 19:05
Hafid Q3 announced
22/11/2017 06:58
invest_101 Kudos as smart money voted yes. Now you can have one to two months to decide which option to choose from. Cheers and good luck.
22/11/2017 07:34
kaikai Based on the past history , IGb declares divided on Feb and coincidently the transaction would be completed by Feb. I wo under whether shareholders will get the customary dividend
22/11/2017 09:54
tipumakan @invest_101. seems like you will choose for cash option?
22/11/2017 12:27
Kensington There will be no further dividends from the Co. Just be happy with the RM3/share angpow (option 1) coming your way during the CNY.
22/11/2017 17:06
Kensington A columnist in The Edge Malaysia actually suggested you elect Option 1 and re-invest your funds in IGB REIT for a better yield than the other 2 options.
22/11/2017 17:09
invest_101 @tipumakan,%20first%20of%20all%20I%20am%20happy%20that%20majority%20decision%20was%20yes%20otherwise%20share%20price%20of%20Igb%20today%20would%20have%20collapsed%20to%20below%202.50,%20the%20levels%20before%20this%20proposal.%20After%20having%20much%20thoughts,%20I%20think%20the%20best%20option%20is%20#3.%20You%20are%20guaranteed%204.3%25%20for%20at%20least%204%20years,%20up%20to%20a%20maximum%20of%207.%20Attractive%20enough%20while%20waiting%20for%20the%20potential%20of%20Goldis%20to%20appreciate%20during%20this%20period.%20If%20you%20look%20at%20the%20proposal%20the%20effective%20shareholding%20interest%20of%20scheme%20shareholders%20barely%20change%20under%20option%20#3%20on%20a%20fully%20diluted%20basis.%20This%20means%20that%20the%20controlling%20shareholders%20cannot%20benefit%20much%20under%20this%20scenario.%20Surely%20not%20all%20will%20choose%20option3%20so%20they%20will%20benefit%20somehow.%20More%20importantly%20there%20will%20be%20additional%20float%20of%20Goldis%20shares%20from%20this%20exercise%20and%20this%20will%20represent%20the%20best%20opportunity%20for%20the%20major%20shareholders%20to%20accumulate,%20likely%20above%20rm3,%20the%20exchange%20value.%20In%20short%20I%20think%20the%20price%20will%20move%20after%20exercise%20some%20time%20in%20Feb/Mar%20next%20year.%20Just%20my%20thoughts,%20good%20luck.
22/11/2017 21:27
IrisTan Ha ha ha Danny123 suddenly became loser in the battle with IGB Bosses. Quickly report this unfair deal to PMO, MACC, ACAC, SPAD, PDRM..............
12/12/2017 14:25


 

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