Changes in Sub. S-hldr's Int (Section 138 of CA 2016) IOI PROPERTIES GROUP BERHAD
Particulars of substantial Securities Holder Name EMPLOYEES PROVIDENT FUND BOARD Address Tingkat 19, Bangunan KWSP Jalan Raja Laut Kuala Lumpur 50350 Wilayah Persekutuan Malaysia. Company No. EPF ACT 1991 Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 15 Aug 2019 90,100 Acquired Direct Interest Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd-Employees Provident Fund Board Address of registered holder Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquisition of Shares Nature of interest Direct Interest Direct (units) 390,032,632 Direct (%) 7.084 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 390,032,632 Date of notice 16 Aug 2019 Date notice received by Listed Issuer 20 Aug 2019
In 2017, right issue also at rm1.38... best buy now. Collect 5sen dividend next month :p
Rights Issue IOI PROPERTIES GROUP BERHAD
EX-date 28 Feb 2017 Entitlement date 02 Mar 2017 Entitlement time 05:00 PM Entitlement subject Rights Issue Entitlement description Renounceable rights issue of up to 1,109,854,075 new ordinary shares in the share capital of IOI Properties Group Berhad ("IOIPG") ("IOIPG Shares") ("Rights Shares") at an issue price of RM1.38 per Rights Share on the basis of one (1) Rights Share for every four (4) existing IOIPG Shares held at 5.00 p.m. on 2 March 2017 ("Rights Issue") Period of interest payment to Financial Year End Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no Tricor Investor & Issuing House Services Sdn Bhd Unit 32-01, Level 32, Tower A Vertical Business Suite Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur Telephone No. : 03 2783 9299 Fax No. : 03 2783 9222 Payment date a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 02 Mar 2017 b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. Number of new shares/securities issued (units) (If applicable) 1,109,854,075 Entitlement indicator Ratio Ratio 1 : 4 Rights Issue/Offer Price Malaysian Ringgit (MYR) 1.380 Par Value Malaysian Ringgit (MYR) 0.000
Current price 1.23, div ex date 13 sept 5sen,,,,, Net price 1.18. Really good buy...right issue price in 2017 was RM1.38... no wonder EPF is buying non-stop
IOIPG (BUY, FV: RM1.89) which is banking on a strong contribution from its property development projects, particularly in China and Singapore. We may upgrade our NEUTRAL stance for the property sector to OVERWEIGHT if: (1) banks are to ease lending policies on properties; and (2) consumer sentiment is to improve significantly.
We are keeping our NEUTRAL view on REITS given their high valuations and advise investors to buy on weakness.
IOIPG’s 9MFY19 core PATMI of RM529.5m was within our expectations but slightly above consensus. The company registered higher profits YoY/YTD which was largely attributed to increased JV contributions from the South Beach project. 9MFY19 sales of RM1.38bn is on course to meet full year target of RM1.8bn-RM2bn. Unbilled sales improved to RM637.9m from RM567m in 2QFY19, representing a cover ratio of 0.28x. We understand that over Rmb6bn worth of GDV are expected to be launched over the next 3 years to sustain profit moving forward. We maintain our forecast and BUY rating at TP of RM2.25.
Within expectations. 9M19 revenue of RM1714m translated into a core PATMI of RM365.6m which was within ours but slightly above consensus full year earnings expectations at 72.6% and 75.9%, respectively. We note that 4QFY19 is seasonally a stronger quarter. No dividends were declared.
QoQ. Revenue decreased -26.8% to RM487.7m (from RM666.2m) on the back of lower contributions from the property segment. Consequently, core PATAMI fell - 15.4% to RM171.3m (from RM202.5m) in tandem with revenue, cushioned by lower effective tax rate and higher JV contributions from the South Beach project.
YoY. Revenue decreased by -4.5% from RM510.5m due to lower contributions from the property segment. On the other hand, core PATMI rose by 4.3% from RM164.3m due to higher operating profits from the Xiamen project and increased JV contributions from the South Beach project.
YTD. Revenue decreased -19.6% to RM1,714m (from RM2131.4m) due to lower contributions from overseas operations i.e. The Trilinq in Singapore. However, core PATMI rose 9.1% contributed by higher JV contributions from the South Beach project.
3QFY19 total sales of RM345.5m (1HFY19: RM1bn) are on course to meet full year target of RM1.8bn-RM2bn with 58% of sales YTD from local, 40% from China and 2% from Singapore. Unbilled sales improved to RM637.9m from RM567m in 1QFY19, but still representing a thin cover ratio of 0.28x. However, we note that this has not included the sales to be recognised from the Xiamen projects.
Xiamen, China. We understand that over RMB7bn worth of GDV are expected to be launched over the next three years to sustain profit moving forward. Management is targeting to launch projects worth c.RMB1bn in 4Q19.
Outlook. Despite the thin unbilled sales cover ratio, FY19 earnings should be anchored by projects from China with further potential launches. Besides, improving property investment and leisure and hospitality segments can be expected with higher occupancy rate and positive rental reversions for its malls and offices.
Forecast. Unchanged.
Maintain BUY with unchanged TP of RM2.25, based on unchanged 40% discount to RNAV of RM3.75. IOIPG remains a deep value stock with huge land bank and investment properties on the back of attractive P/B at 0.4x (industry average of 0.7x), reinforced by the its maturing investment properties and a strong track record.
Source: Hong Leong Investment Bank Research - 28 May 2019
To be on the safe side,tet's wait for the qtr result first rather than estimating the potential dividend (based on past records), never know what the management are capable of.
Hong Kong buyers snap up 500 M’sian properties since June
Tuesday, August 20th, 2019 at , News | Property
Number of properties sold to HK buyers expected to rise into ‘the thousands’
by FARA AISYAH/ pic by HUSSEIN SHAHARUDDIN
BUYERS from Hong Kong have bought local properties worth more than RM500 million since the almost daily demonstrations and as bruising clashes continued to rock the former British colony.
Millions of residents have gone to the streets to protest what they called the erosion of their rights as promised under the “one country, two systems” formula agreed by Beijing.
The protests, which started two months ago, are impacting Hong Kong’s position as a key regional financial hub. Hong Kong flourished during the British rule, creating a modern cosmopolitan and wealthy citizens, the envy of its poorer neighbour of mainland China.
These rich Hong Kongers are worried that Beijing’s rising intervention since the colony was returned to China in 1997 would impact their wealth. The younger generation is fearful their freedom would be suppressed by Beijing.
VPC Asia Pacific property consultant Bruce Lee said Hong Kongers have been snapping up high-end properties in Kuala Lumpur and Johor.
“According to the information that I had received, the buyers from Hong Kong have purchased at least 300 to 500 units of properties since June in several projects in Kuala Lumpur and Johor.
“Hong Kong investors had looked at Malaysian properties before, but now, there are only genuine buyers,” he told The Malaysian Reserve (TMR).
He said interest also peaked recently as more developers market their projects in Hong Kong. “(Even) more developers are planning to do the same.”
Properties in Hong Kong are among the most expensive in the world. It is also the most densely populated area based on size, encouraging residents to seek homes in other cities.
It was reported that young professionals from Hong Kong are looking to migrate elsewhere in the region and Malaysia is one of the preferred locations.
Lee expects the number of properties sold to buyers from Hong Kong would rise into “the thousands”.
“There are above 50,000 units of overhang homes in Malaysia, and if Hong Kong buyers snap up a total of 3,000 homes, it will be only 6% of the total overhang number.
“In addition, the Hong Kong buyers are purchasing properties that are priced above RM1 million,” he said, adding that local buyers would not be affected by the influx of these buyers.
Lee also said the purchases by external buyers, including from Hong Kong, would provide a respite to the stagnant market, especially for high-end properties.
Foreigners are not allowed to own properties valued less than RM1 million; low-and medium-cost residential units as defined by the state governments; properties on Malay Reserved land; and Bumiputera units.
Foreigners can acquire cheaper homes under the Malaysia My Second Home programme. However, the programme has strict regulations including a minimum of RM500,000 in their savings account/current account/fixed deposit accounts for individuals below 50 years, while individuals aged above 50 years need to have at least RM350,000 in their accounts.
According to the National Property Information Centre, Malaysia recorded a total of 54,078 overhang units worth RM37.23 billion in the first quarter of 2019.
Residential properties constituted the bulk of the overhang with 32,936 units worth RM19.96 billion, followed by serviced apartments (13,013 units at RM10.18 billion).
since IPO, lowest interim dividend was 5sen... since ioip is doing pretty well this year, probably at least 6sen, maybe 8sen or higher.... EPF also pays 6%+ to its customers :) that's why EPF is buying ioip non-stop
i think after announcing its Q4, 2109 results with higher dividend, the share price will exceed RM1.3 easily... maybe, EPF knew the dividend rate, that's why they r buying continuously... already exceeded 7% of ioiprop paid up capital
ioiprop is a safe investment... net assets per share RM3.38... at current price, just 1/3 of net assets per share..... yearly dividend is consistent since IPO.................. geographically diversified into singapore and china, not only malaysia....
after Q4, 2019 results plus higher dividend , share price will exceed RM1.30 easily... growth in revenue, profit and dividend .... that's why buy calls on ioiprop.. and epf continues to invest more n more in ioiprop... cheers
LIST OF TOP 30 SHAREHOLDERS (without aggregating securities from different securities accounts belonging to the same person) Name No. of shares held % 1. Vertical Capacity Sdn Bhd 1,330,174,400 24.16 2. Vertical Capacity Sdn Bhd 564,950,900 10.26 3. Vertical Capacity Sdn Bhd 491,752,741 8.93 4. Summervest Sdn Bhd 468,157,000 8.50 5. RHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Vertical Capacity Sdn Bhd 357,200,000 6.49 6. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 327,771,332 5.95 7. AmanahRaya Trustees Berhad Amanah Saham Bumiputera 226,436,085 4.11 8. RHB Nominees (Tempatan) Sdn Bhd Exempt Authorised Nominee for RHB Securities Singapore Pte Ltd 112,519,900 2.04 9. AnnHow Holdings Sdn Bhd 102,338,400 1.86 10. AMSEC Nominees (Tempatan) Sdn Bhd Pledged Securities Account – Ambank Islamic Berhad for Vertical Capacity Sdn Bhd 87,808,100 1.60 11. HLB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Vertical Capacity Sdn Bhd 52,247,700 0.95 12. Tan Sri Dato’ Lee Shin Cheng 49,546,600 0.90 13. HSBC Nominees (Asing) Sdn Bhd Exempt Authorised Nominee for Morgan Stanley & Co. LLC 49,289,400 0.90 14. Cartaban Nominees (Asing) Sdn Bhd Exempt Authorised Nominee for State Street Bank & Trust Company 45,217,466 0.82 15. HSBC Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Vertical Capacity Sdn Bhd 43,290,700 0.79 16. Lai Ming Chun @ Lai Poh Lin 40,000,000 0.73 17. AmanahRaya Trustees Berhad Amanah Saham Malaysia 39,088,950 0.71 18. AmanahRaya Trustees Berhad Amanah Saham Wawasan 2020 35,190,900 0.64 19. HSBC Nominees (Asing) Sdn Bhd JPMCB NA for Vanguard Emerging Markets Stock Index Fund 31,861,020 0.58 20. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 31,224,600 0.57 21. Citigroup Nominees (Asing) Sdn Bhd Exempt Authorised Nominee for UBS AG Singapore 31,128,631 0.57 22. AmanahRaya Trustees Berhad Amanah Saham 1Malaysia 29,895,200 0.54 23. CIMSEC Nominees (Tempatan) Sdn Bhd CIMB Bank for Rickoh Holdings Sdn Bhd 26,119,999 0.47 24. HSBC Nominees (Asing) Sdn Bhd JPMCB NA for Vanguard Total International Stock Index Fund 25,107,255 0.46 25. HLB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Datuk Dr Tan Kim Heung 20,480,700 0.37 26. CIMSEC Nominees (Tempatan) Sdn Bhd CIMB for Lai Ming Chun @ Lai Poh Lin 20,094,000 0.36 27. Malaysia Nominees (Tempatan) Sendirian Berhad Great Eastern Life Assurance (Malaysia) Berhad 18,692,456 0.34 28. Cartaban Nominees (Tempatan) Sdn Bhd PAMB for Prulink Equity Fund 18,435,728 0.33 29. Chan Cha Lin 16,780,800 0.30 30. Permodalan Nasional Berhad 16,436,612 0.30 Total 4,709,237,575 85.53
IOIPG Financial Information Market Capital (RM) : 6.828b Number of Share : 5.506b EPS (cent) : 14.28 * P/E Ratio : 8.68 ROE (%) : 4.22 Dividend (cent) : 5.000 ^ Dividend Yield (%) : 4.03 NTA (RM) : 3.380 Par Value (RM) : 1.000
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued. ^ Total dividend amount declared for financial year ended 2018-06-30.
Corporate Information Website : Link Corporate Name : IOI PROPERTIES GROUP BERHAD Symbol & Code : IOIPG (5249) Board : MAIN Shariah : Shariah Compliant Compliant Sector : Property
Latest Announcements Date Title 20 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 19 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 16 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 14 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 13 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 09 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 08 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 07 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 06 Aug 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD 29 Jul 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD
Shareholding Changes Date of change Shares Director/ Substantial Shareholder 15 Aug 2019 Acquired 90,100 EMPLOYEES PROVIDENT FUND BOARD 14 Aug 2019 Acquired 854,900 EMPLOYEES PROVIDENT FUND BOARD 13 Aug 2019 Disposed 305,000 EMPLOYEES PROVIDENT FUND BOARD 13 Aug 2019 Acquired 462,900 EMPLOYEES PROVIDENT FUND BOARD 08 Aug 2019 Acquired 449,900 EMPLOYEES PROVIDENT FUND BOARD 07 Aug 2019 Acquired 198,000 EMPLOYEES PROVIDENT FUND BOARD 06 Aug 2019 Acquired 103,500 EMPLOYEES PROVIDENT FUND BOARD 05 Aug 2019 Acquired 120,000 EMPLOYEES PROVIDENT FUND BOARD 02 Aug 2019 Acquired 370,000 EMPLOYEES PROVIDENT FUND BOARD 01 Aug 2019 Acquired 95,300 EMPLOYEES PROVIDENT FUND BOARD
