Highlights
KLSE: IVORY (5175)       IVORY PROPERTIES GROUP BERHAD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.225   +0.005 (2.27%)  0.22 - 0.225  379,800
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Overview

Market Cap: 110 Million
NOSH: 490 Million
Avg Volume (4 weeks):216,747
4 Weeks Range:0.205 - 0.235
4 Weeks Price Volatility (%):
66.67%
52 Weeks Range:0.195 - 0.375
52 Weeks Price Volatility (%):
16.67%
Average Price Target: 0.40
Price Target Upside/Downside: +0.175

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#2]  |  26-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: -13.80  |  -7.25%
T4Q DY | Payout %: 11.11%  |  - %
T4Q NAPS | P/NAPS: 0.9  |  0.25
T4Q NP Margin | ROE: -7.33%  |  -1.81%

Headlines

Date Subject
29-Oct-2018 Mplus Market Pulse - 29 Oct 2018
26-Mar-2018 PublicInvest Research Headlines - 26 Mar 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.
 
Penang_lang QR boh sui so cannot move? After next QR out can move?
23/07/2018 11:44
apolloang how to move? the wave until now not ready so many years,central no foundation yet,project so slow.....even beside pg times square affordable apartments progress more faster
23/07/2018 11:47
Goldchia MH Brothers is this company buit the SS2 Mall?
Understanding it i going to dempolish and to built a multi million dollars condominium?
24/07/2018 21:53
Low_Eng_Hock RM 640 million unbilled sales. Who throw so cheap?
01/08/2018 23:43
Penang_lang LRT can boost Times Square properties.
05/08/2018 22:36
Penang_lang Guan Eng: Federal govt to make full assessment before approving soft loans
https://www.nst.com.my/news/nation/2018/08/398334/guan-eng-federal-govt-make-full-assessment-approving-soft-loans#cxrecs_s
05/08/2018 22:36
pakatan_harapan2 Penang asks Dr Mahathir for LRT funding
https://www.themalaysianinsight.com/s/86459
10/08/2018 14:57
Penangite PH useless. When BN rule 60 sen-RM 1 Ivory still can see.
16/08/2018 15:49
apolloang u go ask teddy bear teoh to push lo....hahaha
16/08/2018 16:10
ribort_kok Rilex guys im in at 29cent to 29.5cent..ill ask tun m, daim, prof jomo, zetty n LGE to support IVoRy..so that ivory share price can fly up .. juzt wait n see..i will make the call soon..
21/08/2018 23:51
apolloang u better call teddy bear teoh.....hehe
21/08/2018 23:58
Penang_lang Nobody goreng so let us buy cheap hehe? Tambun sales keep dropping bec pay too much dividend?
23/08/2018 09:27
ribort_kok Buy more ..the time for ivory will be coming..buy n keep more..
23/08/2018 23:38
AyamMuda1 2.5 sen dividend with loss QR? World change bec change govn?
29/08/2018 18:32
Nicole Chua wow..first time to giv out dividend
29/08/2018 22:36
Ivory First dividend since IPO. Good news before AGM. Those attending AGM pls inform why Ivory cannot aim Tambun(also Penang property company) price by giving more dividend in years ahead.
29/08/2018 23:00
Ivory Privatised like Daiman? What offer price acceptable? Min 60 sen?
30/08/2018 11:41
Ivory IPO RM 1 if privatise still lose money those buying last 7 years.
30/08/2018 11:44
Ivory 2.5 sen dividend first ever Ivory declare meaning bad time over and good time ahead?
30/08/2018 11:47
Ivory kcgoh1234 where are you? Who say Ivory cannot give dividend?
30/08/2018 11:48
Ivory Dividend is like our money keep in banks. If longer keep does it mean no more?
30/08/2018 11:48
Ivory 2.5 sen dividend is like 0.5 sen for 5 years what to complain.
30/08/2018 11:49
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 13:28
MAL TON I sapu already today 0.28 0.285
30/08/2018 16:09
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 18:39
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 06:03
plroo7 Think positive... Hope for the best....
06/09/2018 13:48
thevillages forget about those construction companies especially no make money one ...
my price 0.565, hohoho, terrible right? lol
14/09/2018 01:06
ZEPAN Me think Ivory is undervalue, me top up more.
15/09/2018 17:04
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 17:09
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 17:15
5354 NTA 90 sen sell land, properties can get back 90 sen?
15/09/2018 17:16
Jasper Coo Good news incoming, oh yeah !
18/09/2018 11:40
Good_News PTMP crucial for Penang’s future, says chief minister
https://www.themalaysianinsight.com/s/99824
30/09/2018 15:59
Penang_lang Penang WorldCity can reclaim more land since hillside(eg Paya Terubong) not allowed development?
22/10/2018 16:08
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
Low_Eng_Hock What should I do next? Privatised every1 happy?
23/10/2018 12:18
thevillages 0.245 now .... hopeless ?
27/10/2018 22:36
Penang_lang Why no hope? Why not sell Penang WorldCity land to E&O/ Ecoworld/Mah Sing/Gamuda etc?
02/11/2018 11:34
Penang_lang No postings so long meaning all bought cut loss true? Why yesterday announcement no1 talk?
16/11/2018 11:07
plroo7 No idea got announcement Penang_lang... Counter not active so no comments lo...
19/11/2018 17:30
thevillages 0.235 , slowly slowly slowly ...
24/11/2018 01:13
Change_ Change to PH govn worse is it? Why share cannot up anymore?
26/11/2018 22:49
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
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 21:09
AyamMuda1 Why 21 sen cannot collect? I bought some.
18/12/2018 05:52
8888_ Penang WorldCity sea reclamation project why no news? Where Penangites will stay come 2030?
07/01/2019 11:27
Penang_lang Don't forget us PH(Dap) or you will regret in GE15.
14/01/2019 10:00
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 14:28
Penang_lang PH worse than BN? Why Ivory 22 sen never under BN?
15/02/2019 16:19


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