Highlights
KLSE: IVORY (5175)       IVORY PROPERTIES GROUP BERHAD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.185   0.00 (0.00%)  0.185 - 0.185  281,000
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Overview

Market Cap: 91 Million
NOSH: 490 Million
Avg Volume (4 weeks):130,329
4 Weeks Range:0.175 - 0.20
4 Weeks Price Volatility (%):
40.00%
52 Weeks Range:0.175 - 0.28
52 Weeks Price Volatility (%):
9.52%
Average Price Target: 0.40
Price Target Upside/Downside: +0.215

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#1]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  26-Nov-2019
T4Q P/E | EY: -71.90  |  -1.39%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.83  |  0.22
T4Q NP Margin | ROE: -0.82%  |  -0.31%

Headlines

Date Subject
12-Jun-2019 请分析玮力产业
24-Mar-2019 (Forecast) HUAYANG (5062), SBCCORP (5207), SMI (4375),IVORY (5175) Back to Best NTA/Share Price
29-Oct-2018 Mplus Market Pulse - 29 Oct 2018

Business Background

Ivory Properties Group Bhd is a property development group in Northern Malaysia. It has aggregated its operations into four reportable segment, Property Development, and Management which comprises property development activities, developed properties, property management, and tenancy management services; Construction Contracts segment includes building and construction activities; Food and Beverage segment Includes operations of entertainment, food and beverage outlets; and Investment Holding and Others segment. The business of the group only operates in Malaysia.
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  7 people like this.
 
Ivory Dividend is like our money keep in banks. If longer keep does it mean no more?
30/08/2018 11:48 AM
Ivory 2.5 sen dividend is like 0.5 sen for 5 years what to complain.
30/08/2018 11:49 AM
Vienvien Hi im newbie, may i know any procedure or registration needed from my side for dividend payout? And how they will pay it? By cheques?
30/08/2018 1:28 PM
Alex Koo I sapu already today 0.28 0.285
30/08/2018 4:09 PM
HoselGoh yup Management turn to be generous and willing to share profits to the shareholders. Thumbs up! the dividend yield change to 8.7% based on closing price 28.5...
30/08/2018 6:39 PM
aboy something tak betul, losing money and still give so much dividend, no logic, mukin I smell something fishy yang kita tak tahu?
05/09/2018 6:03 AM
plroo7 Think positive... Hope for the best....
06/09/2018 1:48 PM
thevillages forget about those construction companies especially no make money one ...
my price 0.565, hohoho, terrible right? lol
14/09/2018 1:06 AM
ZEPAN Me think Ivory is undervalue, me top up more.
15/09/2018 5:04 PM
5354 You ask Texchem why they can give 10 sen dividend when QR is loss?

Posted by aboy > Sep 5, 2018 06:03 AM | Report Abuse
something tak betul, losing money and still give so much dividend, no logic, mukin I smell something fishy yang kita tak tahu?
15/09/2018 5:09 PM
5354 Agree. Might be next QR good and big amt of cash just received.

Posted by plroo7 > Sep 6, 2018 01:48 PM | Report Abuse
Think positive... Hope for the best....
15/09/2018 5:15 PM
5354 NTA 90 sen sell land, properties can get back 90 sen?
15/09/2018 5:16 PM
Jasper Coo Good news incoming, oh yeah !
18/09/2018 11:40 AM
Good_News PTMP crucial for Penang’s future, says chief minister
https://www.themalaysianinsight.com/s/99824
30/09/2018 3:59 PM
Penang_lang Penang WorldCity can reclaim more land since hillside(eg Paya Terubong) not allowed development?
22/10/2018 4:08 PM
Low_Eng_Hock If not giving dividend people like kcgoh1234 complained. After giving first ever dividend people still not satisfied.
23/10/2018 12:18 PM
Low_Eng_Hock What should I do next? Privatised every1 happy?
23/10/2018 12:18 PM
thevillages 0.245 now .... hopeless ?
27/10/2018 10:36 PM
Penang_lang Why no hope? Why not sell Penang WorldCity land to E&O/ Ecoworld/Mah Sing/Gamuda etc?
02/11/2018 11:34 AM
Penang_lang No postings so long meaning all bought cut loss true? Why yesterday announcement no1 talk?
16/11/2018 11:07 AM
plroo7 No idea got announcement Penang_lang... Counter not active so no comments lo...
19/11/2018 5:30 PM
thevillages 0.235 , slowly slowly slowly ...
24/11/2018 1:13 AM
Change_ Change to PH govn worse is it? Why share cannot up anymore?
26/11/2018 10:49 PM
Ivory Jesselton Peak land selling need more time bec land more expensive? RM 150 million sold in 2015 too cheap now? Should be above RM 200 million now?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6001717
11/12/2018 11:55 AM
thevillages slowly and slowly and slowly price drop , nvm, i will collect once price reach 0.10 * to all ivory management , keep lower down current price ...
11/12/2018 9:09 PM
AyamMuda1 Why 21 sen cannot collect? I bought some.
18/12/2018 5:52 AM
8888_ Penang WorldCity sea reclamation project why no news? Where Penangites will stay come 2030?
07/01/2019 11:27 AM
Penang_lang Don't forget us PH(Dap) or you will regret in GE15.
14/01/2019 10:00 AM
commonsense 1H19 result was really not that great with revenue of only at RM56.5mil and the company recording a loss of RM7.3mil. Given the slowdown of the property market, couple with the company already high completed unit inventories (RM117mil), it is expected that the company might decide to delay some of their new launches that was initially schedule for 2019. Investors need to expect a similar result in 2H19 with the company probably recording a full year loss in FY19. Any rebound in profit will most likely come in FY20 (end march 2020) given the tail end and expected completion of The Wave development by 3Q20.

If you are looking to diversify your portfolio outside of Ivory Properties (due to its earnings uncertainties) 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 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
28/01/2019 2:28 PM
Penang_lang PH worse than BN? Why Ivory 22 sen never under BN?
15/02/2019 4:19 PM
Undi_PKR Affordable housing projects?
22/02/2019 12:24 PM
Undi_PKR Revenue improve why nobody can see?
25/02/2019 2:32 PM
Undi_PKR Aset(NTA) 86 sen not big?
25/02/2019 2:33 PM
Undi_PAS Why IPO RM 1 can approved when only 21 sen fair value today?
15/03/2019 9:51 AM
aris743 ivory start now.
09/04/2019 12:51 PM
Penang456 Penang sees drop in property overhang
https://www.theedgemarkets.com/article/penang-sees-drop-property-overhang
04/05/2019 2:58 AM
pow_kor it's alive...
03/06/2019 3:29 PM
Penang_lang Although Penang property company Ivory latest QR show KL project boost sales and profit.
07/06/2019 11:30 AM
Penang_lang Between property and O&G(eg KNM) property ctr far safer. Seldom hear people bankrupt from property haha.
07/06/2019 11:43 AM
ivan9511 Results super good company undervalued.
Cash is King CASH
Ivory can go back to 90sen
07/06/2019 1:39 PM
malton today start engine
11/06/2019 7:45 PM
Alex7111 Going up soon
12/06/2019 9:23 PM
Penang_lang QR good no use. Wrong to choose PH in GE14.
14/06/2019 9:45 PM
Alex7111 Sleeping again
17/06/2019 6:53 PM
Alex7111 Start moving again
27/06/2019 9:37 AM
Penang2029 Penang LRT in 10 years can we have?
04/07/2019 11:01 AM
Alex7111 Stay at 21 cents. Up 2 cents from 19 cents level. Predict up 22 cents and stay within this month. Slow and steady up
05/07/2019 8:43 PM
Penang_lang Penang counters only can wake up after Penangite Anwar become PM no 8?
22/07/2019 11:48 AM
Penang_lang Tun M pls resign asap or else we regret choose PH.
22/07/2019 11:51 AM
Penangite 30 sen or more must vote BN in GE15?
19/08/2019 3:37 PM


 

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