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KLSE: IBHD       I-BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
0.44 0.67     +0.23 (52.27%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
08/11/2018 0.455 0.53 +0.075 (16.48%) HOLD RHB-OSK Price Target News
26/09/2018 0.51 0.53 +0.02 (3.92%) HOLD RHB-OSK Price Target News
25/07/2018 0.535 0.57 +0.035 (6.54%) HOLD RHB-OSK Price Target News
25/07/2018 0.535 0.91 +0.375 (70.09%) BUY PUBLIC BANK Price Target News


Price Target Research Article/News (past 6 months)
08/11/2018  RHB-OSK I-BHD - Outlook Cautious on Slow Sales
26/09/2018  RHB-OSK I-Bhd - Slight Delay on Central Plaza Mall
25/07/2018  RHB-OSK I-BHD - 8 Kia Peng’s Take-Up Rate Improves Slightly
25/07/2018  PUBLIC BANK I-Berhad - Keeping The Momentum



  9 people like this.
 
1234rich Boringlah
23/07/2018 14:59
1234rich 1 cent also difficult to move...like turtle...so boring
23/07/2018 15:38
Choivo Capital Interesting.
24/07/2018 14:17
Rica7894 IBHD 1H net profit 46.786 million (increased 11.13%


-The Group’s longer-term earnings visibility is secure and will be underpinned by its current unbilled sales of RM305.4m as at 30/6/18, to be augmented by the fully-sold Hill 10 Residences worth about RM120m and increasing contributions from the 8 Kia Peng project in downtown Kuala Lumpur which is starting to gain strong traction.

-The Group’s RM850m shopping centre built in collaboration with the Central Pattana Group, the latter holding a 60% stake and its first foray outside of Thailand is slated for opening mid-November(spread across 940,000 sqft).

-Dividend yield :4%

The final single tier dividend amounting to 2.13sen per ordinary share will be declared soon.
24/07/2018 15:02
Lim Tek Wai Easy profit haha
24/07/2018 15:02
24/07/2018 17:21
2721 y revenue drop geh ==
24/07/2018 20:08
10213293299224019 http://www.klsescreener.com/v2/news/view/408520
24/07/2018 22:55
10213293299224019 http://www.klsescreener.com/v2/news/view/408870
25/07/2018 19:37
10213293299224019 http://www.klsescreener.com/v2/news/view/409074
25/07/2018 19:40
Jimmy Lim woohooo... ibhd kuai lan
26/07/2018 20:04
10213293299224019 now can in?
27/07/2018 12:22
1234rich Conversion of Loan Stocks...What is this? Price drop caused of this..
01/08/2018 16:38
BeAmillionaire Any sifu can advise y they need to convert since market can get with cheaper price?
01/08/2018 16:53
1234rich Price performance so bad..Up not even 10sen already fall again.... not convincing
02/08/2018 12:12
10213293299224019 Long time durian no drop
02/08/2018 15:52
KAQ4468 mau durian ka ???

go chaw kit and buy la
02/08/2018 17:09
1234rich Conversion of Loan Stocks price drop..What the FISH of this co do?
07/08/2018 09:03
10213293299224019 2.13 dividen lai liao
17/08/2018 18:49
zhen wei & JP ICULS , a collatoral to secure a loan from other party. (unsecured loan stock)
20/08/2018 15:13
i_investor https://central-icity.com.my/wip
24/08/2018 11:05
i_investor https://central-icity.com.my/concept
24/08/2018 11:06
i_investor https://central-icity.com.my/location
24/08/2018 11:07
i_investor https://central-icity.com.my/about-central-icity
24/08/2018 11:09
i_investor good to wait & buy when the price is pressed down.
24/08/2018 11:44
i_investor let them press down the price, we take the chance to buy , somemore with 2.13 dividen!
24/08/2018 11:55
Hidup_Anwar Reminiscing i-City's transformation over two decades
https://www.nst.com.my/business/2018/08/406937/reminiscing-i-citys-transformation-over-two-decades
31/08/2018 21:22
1234rich Yesterday close at 0.535.. today open at 0.510..Not understand..Not show sell volumn between 0.53 down to 0.51
04/09/2018 09:11
spmoi because dividend issued
04/09/2018 10:21
Jasper Coo Very confident stock, good to invest it and then can buy more car HAHAH!
05/09/2018 11:04
Jordan Khoo Good show ! Very strong... will move tomorrow and profit incoming
05/09/2018 11:38
1234rich Ayam betul..I City very good but share prize not improve
05/10/2018 10:36
1234rich GIve Dividend then Share prize drop...no meaning..
09/10/2018 10:45
1234rich Ayam !!!
13/10/2018 21:16
Danny_Tan I come here bec joni in Trop. Joni where are you? QR out today why drop?
07/11/2018 18:33
i_investor CHOO HAO JIAN age at 24years old appointed as IBHD director, too young and without experience to lead the company , hopeless, other shareholders not happy throwing out the company share price sure keep dropping keep going down !!!
08/11/2018 19:34
08/11/2018 19:35
1234rich What so special of this 24year boy?..
I dont care u put anybody even our PM more than 80..
Important, this 24yr boy make ibhd price shot up in the sky. Don't just sit and play game boy only..
14/11/2018 21:02
1234rich All TP set ke laut!!!!
14/11/2018 21:03
James Ng https://klse.i3investor.com/blogs/general/182432.jsp
[转贴] [I-BERHAD:房地产开发业务将面临充满挑战的市场] - James的股票投资James Share Investing
15/11/2018 11:10
1234rich Financial profit, but the share price dropping..what the fish..
If Financial lost, more worst..
BOD working or sleeping..
03/12/2018 16:18
luckydarkie why this 24 year old boy? stocks keep going down since, BOD please fix
07/12/2018 14:59
1234rich 24 year old boys..something not right..BOD damn you, go fix it..
11/12/2018 18:31
luckydarkie patutla pmengerusi AC pun resign
13/12/2018 10:40
commonsense At only 4.7x PE, Ibhd valuation at first look pretty cheap even for a property developer company (most property stocks are trading below 10x PE and below 0.8x PB). Please take note that both the ICULS and RCULS are expected to mature in August to October 2019. Upon conversion, there will be more than 300mil new shares to be issued to the loan stock investors. This will bring up the valuation to 6.1x PE which is still low compared to the industry average.

However, the sudden fall of sales and profit in 3Q18 are a real worry to investors. If the trend of the slow sales persists and profit for FY19 fell to below RM30mil, this will bring up the valuation of the company to a PE of 16.6x (after taking account the dilution effect from ICULS and RCULS conversion). Unbilled sales have fallen to only RM160mil as of Sep 18 which is less than half of the company 12 months sales of RM455mil (from Oct 17 to Sep 18). The group near term performance will be highly dependent on the Hill 10 and Kia Peng 8 projects as all other future launches are expected to be held back given the challenging property market condition.

Hill 10 residence (in I City Shah Alam) has a take up rate of 94% which was a surprise at first given the hefty valuation of its unit (RM950/sqft). The high take up rate might be due to the appeal from the new mall located near the residence that is expected to be completed in 1Q19.

Kia Peng 8 on the other hand has only a take up rate of 22% which might be the reason why the progress for this project is so slow. As of end Nov, the project is only 47% completed which signals a potential delay to the original completion date of end 2019. Any delays will open the company to risks of LAD (10% per annum) which has the potential to reduce the company’s bottom line even further.

If you are looking to diversify your portfolio outside of Ibhd (due to the weak earnings sentiment given the weak property market), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19 and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.18.

Good luck.
01/01/2019 20:00
1234rich Awaiting those BOD to be wack due to weak performance of share price..Not perform good job
02/01/2019 10:08
1234rich If the share price not good, BOD have to face Shareholders. Don't think Shareholders so stupid with your all nonsense statement. Wait and see if you not meet the ideal price.
03/01/2019 17:13
1234rich Becareful with your Financial Report..Don't think Shareholders alway accept your statement.
03/01/2019 17:15
drkervokian IBHD is a family business la, will always be.
04/01/2019 15:40
1234rich Family business or not , shareholder even hold 1 unit of share have the right to question BOD. If MSWG not working, Shareholder can do something..
04/01/2019 15:58
luckydarkie price goin up go go go time to ext
11/01/2019 11:09


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