Highlights
KLSE: IGB (1597)       IGB CORPORATION BHD Main : Properties
Last Price Today's Change   Day's Range   Trading Volume
2.85   0.00 (0.00%)  2.84 - 2.86  310,800
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Overview

Market Cap: 3,887 Million
NOSH: 1,364 Million
Avg Volume (4 weeks):103,984
4 Weeks Range:2.83 - 2.96
4 Weeks Price Volatility (%):
15.38%
52 Weeks Range:2.40 - 2.99
52 Weeks Price Volatility (%):
76.27%
Average Price Target: 4.80
Price Target Upside/Downside: +1.95

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#1]  |  23-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  25-Aug-2017
T4Q P/E | EY: 10.76  |  9.30%
T4Q DY | Payout %: 3.44%  |  36.94%
T4Q NAPS | P/NAPS: 3.3227  |  0.86
T4Q NP Margin | ROE: 46.34%  |  7.98%

Market Buzz

Date Type Subject
22-Jun-2017 Forum 2 New Comments

Headlines

Latest Headlines
30/04/2017  郭晓芳.怡保花园卖或不卖?
24/02/2017  IGB Corporation Berhad - Another Take-over Offer
23/02/2017  售酒店料获8500万.怡保花园财测调高
22/02/2017  IGB Corporation Berhad - Within Expectations
26/01/2017  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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  2 people like this.
 
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
http://klse.i3investor.com/blogs/sin_chew_hot_stocks/90300.jsp
23/01/2016 13:03
Win188 Good....TP RM4.80
http://klse.i3investor.com/blogs/PublicInvest/90260.jsp
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
sharkinsider Gogogo
23/02/2017 18:14
860000 RM3 coming
24/02/2017 09:14
newbie_Investor sold. thanks IGB!
24/02/2017 09:16
860000 you sold too early wor
24/02/2017 09:28
cy91 wtfff happened today???
24/02/2017 09:50
860000 Goldis offers to buy rest of IGB for RM3 a share
Posted on 24 February 2017 - 05:38am
sunbiz@thesundaily.com
Print
PETALING JAYA: Private equity investment house Goldis Bhd yesterday offered to pay IGB Corp Bhd shareholders RM3 a share, in either cash or a combination of cash and shares in Goldis, in a bid to delist IGB and make it a wholly owned subsidiary.

The offer is a 19% premium to IGB’s share price which last traded at RM2.52 yesterday, while Goldis’ illiquid shares closed unchanged at RM2.50 apiece.

Goldis said the move is to eliminate its holding company discount on IGB.
IGB is currently a 73.43%-owned subsidiary of Goldis.

Goldis explained the strategic initiative will provide it with greater liberty to plan and decide on the strategic and business directions of IGB, and therefore increase its investments in a profitable group.

Moreover, both Goldis and IGB are currently required to comply with the listing obligations prescribed by Bursa Malaysia Securities for listed issuers, representing an overlap of administrative efforts and costs.

The proposed delisting of IGB arising from the proposed scheme is expected to eliminate such overlap, dispense with expenses in maintaining the listing status of IGB and redivert resources towards its core business.

Goldis detailed three options available to shareholders of IGB – cash; 30% cash + 70% Goldis shares; or 20% cash + 80% new redeemable convertible preference shares of Goldis. Shareholders with less than 100 IGB shares will be offered cash only.

Goldis plans to rename itself IGB Bhd, which stands for Ipoh Goldis Bersatu, should the scheme go through.

Goldis made a fourth quarter ended Dec 31, 2016 net profit attributable to owners of the parent of RM16.289 million compared with RM28.23 million for the corresponding quarter in 2015 on higher administrative expenses. This was on lower revenue of RM312.19 million, for the quarter compared with RM314.76 million previously.

Net profit attributable to owners of the parent for the full year ended Dec 31, 2016, however, was higher at RM165.03 million, compared with RM109.11 million for the same period in 2015. This was despite revenue for the period being lower at RM1.26 billion, compared with RM1.28 billion for the same period in the year before.
24/02/2017 10:10
Valueseeker Any chance of a upward revision in offer price ?
24/02/2017 11:01
860000 IGB obviously worth more than RM3 but Goldis already holding quite high % of IGB. Seems quite easy to privatise IGB for Goldis
24/02/2017 11:32
cheoky with march 5cents, it like offer for 305cents right?
24/02/2017 15:42
860000 yes. supposed to be so
24/02/2017 15:50
sjwee3 Sai Lang!!!!!
24/02/2017 17:13
nikicheong So is RM3 final, or more possible? What if stock price hits RM3.5?
25/02/2017 00:45
kenkenliew "Goldis, the controlling shareholder of IGB, is launching another takeover bid for the remaining shares of IGB that effectively prices IGB at RM3.00 per share. To recap, Goldis’ first attempt was back in 2014 whereby the previous offer price was RM2.88. The new bid offers c.19% premium to the last closing price. Again, we still believe the company is grossly undervalued and reckon the offer price, which is at 56% discount of our RNAV estimate, is not attractive. All told, we maintain our Outperform call and RM4.80 TP for now, which is based on 30% discount to our RNAV estimate."
27/02/2017 10:54
kenkenliew 怡保花园(IGB,1597,主板产业组)2016财政年末季业绩符合市场预期,股价也随之走高6仙至2令吉49仙。

大众研究认为,该公司有望从今年1月脱售的万丽酒店(Renaissance Kuala Lumpur Hotel)中获益8500万令吉,因此,上调2017财政年财测37%。

大众指出,怡保花园有多个项目在进行中,包括料于今年杪在伦敦推介的综合产业项目、尚在探索设计,位于泰国曼谷的项目、等待市场恢复的18 Medini、料2018下半年亮相的柔州南部谷中城(Mid-Valley Southkey)广场等。

此外,预计今年4月完成的谷中城南塔也已寻获主要租户。

大众研究维持怡保花园“跑赢大市”评级,及维持4令吉80仙目标价不变。
27/02/2017 11:00
Yangzheng96 Any update news so far? Is IGB going to deliberate it?
09/03/2017 11:27
invest_101 The boards of Goldis and Igb are in substance the same hence I can't see why it would not be accepted. Logically this proposal would have been "deliberated" before the announcement.

It now rests on the scheme shareholder to vote and my guess is that it stands a good chance in view of the options given instead of just a straight cash offer at Rm3. Those that see value in IGB higher than RM3 can opt for Goldis shares which will be renamed IGB after the excercise, assuming it goes through.
09/03/2017 12:05
danny123 publicinvest research says d offer price rm3 , is at 56% discount to the research house revalued net asset valuation (rnav) estimate of rm 6.88- so d offer is not attractive.
pl read march 6 theedge malaysia
09/03/2017 12:15
danny123 full write up, must read......
09/03/2017 12:15
Yangzheng96 Thanks for the comments. By the way, any platform can get the first hand news for IGB?
10/03/2017 10:05
860000 http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=1597
10/03/2017 15:41
860000 to be frank, i think RM3 is a good sell... If wanna continue invest in the company, can buy goldis easily
14/03/2017 15:55
magus how is rm3 a good sell if it represents more than 50% discount to IGB's rnav estimate as indicated? the regulators should put in place some mechanisms to prevent this kind of unfair practice by major shareholders seeking to buy assets at prices way below the assets' actual worth just because the minority shareholders are apparently powerless to do anything about it.
16/03/2017 10:52
860000 Then it means that there is opportunity to buy Goldis, where Goldis is severely undervalued. Am i right?
16/03/2017 14:24
magus true but goldis is very tightly held and illiquid
16/03/2017 15:55
860000 The Board of Directors (“Board”) of IGB wishes to announce that IGB has on 30 March 2017 written to Goldis requesting extension of time up to 5.00 p.m. on 28 April 2017 to evaluate the Proposed Scheme (“Extension of Time”).

The Board of Directors of Goldis has on 30 March 2017 agreed to the Extension of Time.

This announcement is dated 30 March 2017
30/03/2017 17:29
magus the EPF should press goldis for a higher price that more closely reflects the true value of the shares in igb. the EPF should exact the highest gains possible from its investments so that it can pay a higher dividend and better fulfil its obligations to the millions of employees that contribute to the fund. The EPF owes a moral duty to its contributors to not sell its profitable investments at an unreasonably low price.
14/06/2017 10:29
cheoky arbitrage play
21/06/2017 12:58
kaikai Hi All, any idea when is the offer is going be sent to shareholders ?
21/06/2017 19:59
IrisTan Latest news - IGB will be aborting the Proposed Scheme, announcement by next week!
22/06/2017 14:14
kaikai @IrisTan . that's good news ! offer to low ! Hope you are not spreading fake news lol ..
22/06/2017 17:42


 

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