Highlights
KLSE: IGB (1597)       IGB CORPORATION BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 4,073 Million
NOSH: 1,371 Million
Avg Volume (4 weeks):0
Average Price Target: 3.00
Price Target Upside/Downside: +3.00

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017 [#4]  |  09-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  23-May-2018
T4Q P/E | EY: 11.95  |  8.37%
T4Q DY | Payout %: 1.64%  |  19.58%
T4Q NAPS | P/NAPS: 3.3929  |  0.88
T4Q NP Margin | ROE: 42.61%  |  7.33%

Headlines



No recent Headlines for this stock.


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.
 
danny123 EGM say NO to IGB
01/11/2017 4:05 PM
tipumakan Independent advisor says RNAV at RM6.9+/ share....
03/11/2017 9:16 AM
danny123 SO PLEASE VOTE AGAINST THE EGM
03/11/2017 10:26 AM
danny123 COME DOWN LATER WE CAN BUY MORE
03/11/2017 10:27 AM
Hk Wong if is go through than how
06/11/2017 12:11 PM
tipumakan if go through then choose from the 3 options offer, at RM3
06/11/2017 1:05 PM
tipumakan this takeover only benefit Goldis shareholder. If still remember Kassets, this could happen to IGB also
07/11/2017 7:19 PM
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 8:16 AM
danny123 GOLDIS , PAY VERY VERY LITTLE DIV

VOTE AGAINST, THEN MAYBE GOLDIS WILL COUNTER OFFER HIGHER PRICE LIKE OTHERS COMPANY
09/11/2017 9:52 AM
danny123 HOLD FOR 2 MORE YEARS, MAYBE 3.80
09/11/2017 10:07 AM
danny123 THEN U MUST VOTE AGAINST
09/11/2017 10:08 AM
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 1:58 PM
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 5:52 AM
tipumakan EPF ceased as major shareholder....
14/11/2017 6:32 PM
newharvest TOMORROW 21 nov 2017 EGM @ 3pm. Hope to c many minority shareholders attending.
20/11/2017 1:34 PM
danny123 Vote NO
20/11/2017 8:26 PM
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 8:42 PM
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 9:20 PM
danny123 NTA 6.90

OFFER 3.00

PLEASE REJECT THE OFFER TODAY

THEN IGB WILL GO UP 3.10 TOMOROW
21/11/2017 9:55 AM
taitaumau A definite "NO" in to-day EGM
21/11/2017 10:59 AM
newharvest Vote 'no' for sure.
21/11/2017 11:23 AM
tipumakan Anyone live update from EGM? Appreciate
21/11/2017 3:24 PM
k3nthiew Pls update if any result.... THANKS
21/11/2017 3:31 PM
Jtpg any live updates please for those that couldnt attend
21/11/2017 3:36 PM
danny123 A lots complaint not fair offer
21/11/2017 3:56 PM
Jtpg how did the management responded?
21/11/2017 4:01 PM
mayren what's the outcome of meeting please?
21/11/2017 4:22 PM
danny123 Ve not vote yet
21/11/2017 4:27 PM
k3nthiew So late... shld provide buffet dinner... untung dinner
21/11/2017 4:31 PM
tipumakan complain complain. ask them re-offer at RM5..
21/11/2017 4:43 PM
tipumakan @danny123. thank you for the update. if not causing trouble to you please continue update us ya. Thanks in advance
21/11/2017 4:45 PM
Jtpg I think 3.5 is fair
21/11/2017 4:46 PM
k3nthiew Thanks danny123
21/11/2017 4:52 PM
jhew7477 Hi Danny, did they mention on which day will they release the Q3 results?
21/11/2017 5:12 PM
k3nthiew voted already?
21/11/2017 5:19 PM
danny123 Approved
21/11/2017 5:28 PM
Hafid Deal done.
21/11/2017 6:54 PM
tipumakan omg.. 99.34% Vote for approve...
21/11/2017 7:05 PM
Hafid Q3 announced
22/11/2017 6:58 AM
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 7:34 AM
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 9:54 AM
tipumakan @invest_101. seems like you will choose for cash option?
22/11/2017 12:27 PM
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 5:06 PM
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 5:09 PM
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 9:27 PM
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 2:25 PM
Lau Choong Ling NTA where got 6??
02/01/2018 3:49 PM
tipumakan RNAV got 6
08/01/2018 3:59 PM
member41 wow up 30
22/11/2019 9:17 AM
member41 wow up 50
22/11/2019 9:30 AM


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