Highlights
KLSE: IOIPG (5249)       IOI PROPERTIES GROUP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
1.16   -0.02 (1.69%)  1.16 - 1.19  1,449,600
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Overview

Market Cap: 6,409 Million
NOSH: 5,525 Million
Avg Volume (4 weeks):3,489,752
4 Weeks Range:1.03 - 1.20
4 Weeks Price Volatility (%):
76.47%
52 Weeks Range:1.03 - 1.73
52 Weeks Price Volatility (%):
18.57%
Average Price Target: 1.83
Price Target Upside/Downside: +0.67

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#4]  |  29-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  23-Nov-2019
T4Q P/E | EY: 9.69  |  10.32%
T4Q DY | Payout %: 2.58%  |  24.98%
T4Q NAPS | P/NAPS: 3.4082  |  0.34
T4Q NP Margin | ROE: 29.86%  |  3.51%

Headlines

Date Subject
14-Nov-2019 Stocks on Radar - IOI Properties Group (5249)
14-Nov-2019 Stocks on Radar - IOI Properties Group (5249)
11-Nov-2019 PublicInvest Research Headlines - 11 Nov 2019
11-Nov-2019 Mplus Market Pulse - 11 Nov 2019
06-Nov-2019 Stocks on Radar - IOI Properties Group (5249)
05-Nov-2019 IOI产业扩充投资与休闲产业‧放眼强大营收与资本价值
06-Sep-2019 Property Sector - Landscape remains challenging
05-Sep-2019 买气仍低迷·产业股2年财测调低
30-Aug-2019 IOI Properties Group Berhad - Anticipates Flattish Sales Growth in FY20
30-Aug-2019 IOI Properties Group Berhad - FY19 New Sales at RM1.93b
30-Aug-2019 IOI Properties Group Bhd - Within Our, Below Consensus
30-Aug-2019 IOI Properties - Set to Launch China Projects Worth 2.9bil yuan in GDV
30-Aug-2019 IOI Properties Group - Missed Estimates
30-Aug-2019 IOI Properties - FY19: Delayed China Launch
22-Jul-2019 M+ Online Technical Focus - 22 Jul 2019
22-Jul-2019 Daily Market Update - 22 Jul 2019 (IOIPG, MNRB)
16-Jul-2019 Property & REITs Sector - Still a bumpy ride ahead
01-Jul-2019 M+ Online Technical Focus - 1 July 2019
01-Jul-2019 Stocks on Radar - IOI Properties Group (5249)
01-Jul-2019 Daily Market Update - 1 Jul 2019 (SKPRES, IOIPG)

Business Background

IOI Properties Group Bhd is an investment holding company in the property development sector. The company is based in Malaysia, and has a business portfolio that encompasses leisure and hospitality in addition to property development and property investment. The company develops residential, commercial, and industrial properties; and invests in shopping malls, commercial/retail and office space. The company has three main business segments: property development, property investment, and leisure & hospitality. The property development segment generates most of the company’s revenue. Regionally, the company generates the majority of its revenue in Malaysia, with the People’s Republic of China and Singapore contributing the rest.
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  3 people like this.
 
Victor Yong recovering in price is expected with such a strong support from the largest shareholder or related parties. :)

30-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 1,000,000 shares on 29-Oct-2019.
30-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 1,000,000 shares on 29-Oct-2019.
30-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 1,000,000 shares on 29-Oct-2019.
30-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 1,000,000 shares at 1.045 on 29-Oct-2019.
30-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 1,000,000 shares at 1.045 on 29-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 1,000,000 shares on 24-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 500,000 shares on 23-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 500,000 shares on 22-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 1,000,000 shares on 24-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 500,000 shares on 23-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 500,000 shares on 22-Oct-2019.
25-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 1,000,000 shares on 24-Oct-2019.
25-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 500,000 shares on 23-Oct-2019.
25-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 500,000 shares on 22-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 1,000,000 shares at 1.055 on 24-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 500,000 shares at 1.060 on 23-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 500,000 shares at 1.070 on 22-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 1,000,000 shares at 1.055 on 24-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 500,000 shares at 1.060 on 23-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 500,000 shares at 1.070 on 22-Oct-2019.
31/10/2019 1:39 PM
Victor Yong better late than never, accumulate a bit :)
31/10/2019 1:40 PM
Ncm88 Better than spsetia , spsetia high risk related to brexit. Ioipg smart money at China and Singapore
31/10/2019 1:54 PM
Good123 https://www.klsescreener.com/v2/news/view/596722
01/11/2019 9:10 AM
Ncm88 Oi good qhat happen to ur Mct ahhaha
01/11/2019 7:03 PM
Good123 another ynh possible? INVESTORS who have held on to YNH Property Bhd shares over the years would be rejoicing at the unexpected rally in the counter over the last few months.

After sliding to a low of RM1.12 in March this year, the stock more than doubled between April and July to hit a 14-year high of RM2.80 on July 31.

But what has caused the rally in the property stock when many of its peers are currently in the doldrums?

To put things into perspective, YNH is trading at 67 times its 12-month historical price-to-earnings ratio (PER) and 1.46 times its net asset value of RM1.74 per share.

This compares with an average of 14 times PER or 0.5 times price-to-book of property companies listed on Bursa Malaysia.

The company’s high valuation has drawn attention because property stocks are not in favour, no thanks to the prolonged slowdown in the sector, with a recovery nowhere in sight. This is evident from the Kuala Lumpur Property Index (KLPRP), which is hovering at 2010 lows.

A random check on company filings of shareholding changes shows that from April 1 to Aug 31, YNH chairman Datuk Dr Yu Kuan Chon was actively trading the company’s shares almost daily.

Company filings show that Yu, who is the single largest shareholder, made 80 transactions, involving 59 million shares, during that period, eventually acquiring a net 1.97 million shares, or a 0.37% stake. As at Aug 16, he controlled 32.58% of YNH, company filings show.

Apart from YNH, it appears that Yu was also actively trading shares in two other listed companies — precision tools and moulds manufacturer Rapid Synergy Bhd where he is the largest shareholder, and agrochemicals manufacturer Imaspro Corp Bhd.

Between April and August, he sold a 10.75% stake in Rapid Synergy but bought a 19.26% stake for a net gain of 8.51%, raising his effective stake to 31.16% as at Aug 20.

At Imaspro, he bought 7.52% but sold 11.09% for a net reduction of 3.57%, reducing his effective stake in the company to 15.9% at end-August.

That said, Rapid Synergy and Imaspro did not see the strong rally that YNH experienced. Between April and August, Rapid Synergy’s share price rose only 2% to RM5.75 while that of Imaspro climbed 8.82% to RM2.18.

Back to YNH, the developer’s net profit for the six-month period ended June 30, 2019 (6MFY2019) grew 54.4% to RM12.8 million from RM8.29 million on lower cost of sales and operating expenses. However, its revenue dropped 18.4% to RM145.08 million, from RM177.78 million in the same period last year.

This came as YNH recognised profit from completed projects, namely Kiara 163 in Mont’ Kiara, a small office versatile office development, and Sfera Residency condominium in Seri Kembangan.

On its prospects, the group said it has a series of joint-venture projects in Kuala Lumpur and Perak that are currently in the planning stages.

YNH, which originated in Sitiawan, Perak, has ongoing projects mainly in its township development in Seri Manjung, Perak. About 70% of its 1,000-acre land bank worth RM1.08 billion is within the township.

But there are several interesting parcels that YNH has not capitalised on for some reason. This includes a 95-acre plot in Genting Highlands that it bought for around RM16 million nearly a decade ago.

The developer also owns a prime three-acre parcel in Jalan Sultan Ismail opposite the Concorde Hotel, which it acquired for around RM63 million. It had proposed to build Menara YNH on the site, worth RM2.1 billion in gross development value, about 10 years ago. However, the group has yet to secure the right partners for the project, although it signed a 2015 memorandum of understanding (MoU) with the Hilton group to manage a hotel there.

The proposed project had earlier attracted big names including Singapore’s CapitaLand Ltd and Kuwait Finance House Bhd, but they eventually pulled out.

Some observers estimate that the Genting and Jalan Sultan Ismail land parcels have a book value of about RM400 million each, but the sloping terrain in both locations would makie it a challenge to develop.

The rally in YNH shares seems to have started losing steam. The counter closed at RM2.57 last Thursday, a 8.21% decline from the peak of RM2.80 just over a month ago.

Given the big leap in its share price, YNH will have to work hard to justify the valuation.
04/11/2019 8:57 AM
Good123 after results are released this month, 1.20 or above is expected... strong buyback by major shareholder and it's results is pretty solid too
04/11/2019 12:15 PM
Good123 current price is too low, less than 1/3 of its net assets per share
04/11/2019 12:53 PM
Good123 ioiprop is quite different, biz in Singapore n china plus steady income rental from malls, etc. hopefully, spin off its malls n related properties to create IOI REITs, share price will double like ynh or even higher :)
04/11/2019 12:55 PM
Victor Yong Uptrend started today. 1.08 now :)

Date Close
01/11/2019 1.04
31/10/2019 1.04
30/10/2019 1.03
29/10/2019 1.03
25/10/2019 1.05
24/10/2019 1.05
23/10/2019 1.07
22/10/2019 1.07
21/10/2019 1.08
18/10/2019 1.08
17/10/2019 1.10
16/10/2019 1.10
15/10/2019 1.13
14/10/2019 1.14
11/10/2019 1.13
10/10/2019 1.13
09/10/2019 1.13
08/10/2019 1.14
07/10/2019 1.14
04/11/2019 1:26 PM
Victor Yong Date Price Target Source News
30/08/2019 1.53 MIDF Price Target News
30/08/2019 1.65 KENANGA Price Target News
30/08/2019 2.04 HLG Price Target News
30/08/2019 1.89 AmInvest Price Target News
30/08/2019 1.82 Affin Hwang Capital
04/11/2019 1:28 PM
Victor Yong 1.53-2.04, average TP 1.7+ :)
04/11/2019 1:29 PM
Victor Yong Above 1.10 even today, my guess :)

4 Weeks Range: 1.03 - 1.15
52 Weeks Range: 1.03 - 1.73
Average Price Target: 1.83
Price Target Upside/Downside: +0.76
04/11/2019 1:30 PM
Good123 https://www.sinchew.com.my/pad/con/content_2141236.html
04/11/2019 1:47 PM
Ncm88 If touch 1.13 will fly higher
04/11/2019 1:56 PM
Good123 seriously undervalued. KUALA LUMPUR: Value has emerged in IOI Properties Bhd following the 15% to 20% drop in its share price over the last three months, says RHB research.

The research house upgraded the counter to buy from neutral with an unchanged target price of RM1.76.

In a note, it said it met with IOI Properties' management, which suggested that there was no material explanation for the fall in the share price.

The group's most recent launch in Xiamen 2 in December 2018 was over 80% sold. In FY19 so far, the group has launched over RM400mil of projects in China, which have been well received.

Meanwhile, management is looking to roll out the Xiamen 3 project in Xiang An in mid-2019 if the market is ready for the pricing and product. 

RHB added that the group stands to be a beneficiary of the ECRL line and potentially the High Speed Rail (HSR) project if revived.

"With about 700 acres of development land around IOI Resort City, we think IOI Properties is a prime beneficiary of the railway network that will have a stop at Putrajaya Sentral. 

"These are the ECRL, ERL, and MRT2 (Sungai Buloh-Serdang-Putrajaya line) that have already been allocated a stop at Putrajaya Sentral, which is 11-12 km away from the site," it said.

Assuming the HSR project is revived, the link could potentially have a stop at Putrajaya Sentral while IOI Properties owns more than 1,000 acres of land directly opposite the Ayer Keroh HSR station as per the original plan.

Near-term earnings growth should also be backed by IOI Properties' investment property assets, which make up over 20% of its total revenue, as compared to about 10% two years ago.

IOI Properties is currently constructing Phase 2 of IOI City Mall, which should have a net lettable area of one million sq ft to be completed in 2021/22. 

RHB added that the development's average rental has hit about RM10 psf compared to RM7.50-8 psf during its inception.
04/11/2019 2:54 PM
Good123 PUCHONG: Buyers keen to see what IOI Properties has on offer can head to the IOI Properties Showcase, which will bring together all its latest residential and commercial development launches in the Klang Valley.

The developer will be bundling a package of incentives that gives buyers savings of up to RM333,000.

In conjunction with the Home Ownership Campaign 2019, IOI Properties will be offering a discount worth 10% of the purchase price for participating properties. The developer will also bear the legal fees for the sales and purchase agreement and the loan agreement, on top of additional rebates.

In addition, those placing a booking within September will be able to enjoy a reduced booking fee of RM1,000 and also stand a chance to win extra rebates worth RM50,000.

IOI LiVO members can redeem an RM5,000 voucher, or 1% of the property price, whichever is higher. Members - or their friends and family - can utilise the voucher in addition to the special rebate and other IOI Properties Showcase promotions.

The showcase will be held from Sept 27 to Sept 29 at IOI Mall Puchong.
04/11/2019 2:55 PM
Good123 touched 1.10 already
04/11/2019 3:40 PM
Good123 uptrend
04/11/2019 3:40 PM
Calvin882 May have good news for property. Spsetia also actively going up
04/11/2019 3:41 PM
reach_rich haha.... goreng up for AGM...
04/11/2019 3:49 PM
reach_rich after then will drop back...
04/11/2019 3:50 PM
reach_rich jangan kena tipu
04/11/2019 3:59 PM
Calvin882 Don't think it's due to AGM bcos other property counters also shooting up
04/11/2019 4:17 PM
Good123 easily 1.1 today, mark my word :)
05/11/2019 8:06 AM
Ncm88 Aiyo how ur mct ? Come here steal my spotlight
05/11/2019 8:16 AM
Good123 @Ncm, MCT is also rising , playing catch up
05/11/2019 11:02 AM
Good123 ioip should be above 1.2 after its Q3 results are released, maybe, back to >1.2 b4 the announcement
05/11/2019 11:03 AM
Good123 fun to watch the uptrend
05/11/2019 11:03 AM
Good123 more to come :)
05/11/2019 11:41 AM
Good123 cutting interest rate will boost buyers' interest and lower . developers' cost of borrowing. KUALA LUMPUR (Nov 5): Malaysia’s central bank is expected to keep interest rates unchanged Tuesday, with a few economists predicting more easing in coming months amid an uncertain global economy.

Of the 25 economists surveyed by Bloomberg, 16 are forecasting the benchmark rate to stay at 3% as the policy committee meets for the last time this year. Nine analysts project a 25 basis-point cut.

Bank Negara Malaysia was among the first central banks in Asia to ease borrowing costs this year, faced at that time with renewed escalation in trade tensions. It has since held pat after cutting rates by 25 basis points in May, while central banks across Asia from India to the Philippines have followed with a string of rate cuts to shore up their economies.

Analysts at Malayan Banking Bhd see Bank Negara on hold for the rest of 2019, given the government’s optimistic growth forecasts, an expansionary budget for 2020 and a deescalation in the trade war. Others, like Ahmad Nazmi Idrus at RHB Research Institute, see a rate cut in the first quarter of 2020 once FTSE Russell completes a review to determine whether Malaysian bonds should remain in its global index.

Here’s what to watch out for in the policy statement:

Faster Growth

Malaysia adjusted its growth forecast to 4.7% in 2019, from an earlier projection of 4.3% to 4.8%, after the economy bucked regional trends with a faster-than-expected expansion in the second quarter. The government’s even more optimistic about 2020, forecasting growth at 4.8%, supported by a boost in state spending, cash handouts and investment incentives.

What Bloomberg’s Economists Say
“We agree that Malaysia’s expansion may experience less damage to growth than regional peers. Even so, we see significant downside risks to these forecasts, given the escalation in US tariffs since May and much weaker prospects for global demand.” — Tamara Henderson, Asean economist

Weak Exports

Exports shrank in September by the most in three years as shipments of electronics and palm oil fell. That raised the odds of a rate cut, according to ING Groep NV’s Prakash Sakpal, who expects a 25 basis-point reduction on Tuesday.

“The electronic export vigor observed earlier in the year has ended,” he said in a note. “And with continued external headwinds, the downside growth risks are rising.”

The impact of higher tariffs has weighed on the global economy despite positive signs from the US-China trade talks. Malaysia’s own growth drivers, manufacturing and exports, will remain weak for at least another six to 12 months, analysts at Kenanga Research wrote in a note.

Low Inflation

Inflation has been muted. Consumer-price gains averaged 0.6% for the first nine months of the year, short of the country’s estimate for 0.9% for 2019 and 2% in 2020.

Falling transport costs helped by subsidized fuel costs have kept price pressures low, while the government seeks better ways to measure the cost of living in the country to bolster purchasing power.

“Moving forward, as we expect core inflation rate and other major macroeconomic indicators to remain stable, we opine no further change in monetary stance by BNM at this juncture,” analysts at MIDF Research wrote in a report.
05/11/2019 11:43 AM
Good123 spsetia has risen more than 20sen from its lowest price, tak Kan ioip just few Sen higher than its lowest price
05/11/2019 11:53 AM
Good123 hold your breath, don't sell too early even u r a trader
05/11/2019 11:53 AM
Good123 tengok graph macam Judi, tengok fundamentals, terbaik
05/11/2019 11:54 AM
Ncm88 Once break 1.13... fly higher
05/11/2019 12:33 PM
Vulture123 Good buy at 1.03-1.06 level.
05/11/2019 1:24 PM
Good123 good. SINGAPORE/TOKYO (Nov 5): Malaysia’s ringgit touches a three-month high as traders position themselves before a central bank policy decision later on Tuesday. The majority of economists predict the central bank will keep rates on hold.

* USD/MYR is little changed at 4.1510 after dropping to 4.1467, lowest since Aug. 2; pair declined for 8 straight days through Monday

* Sixteen of 25 economists surveyed by Bloomberg forecast Bank Negara Malaysia will leave its benchmark rate at 3%; the remainder forecast a 25bp cut

** Decision is due at 3pm local time

* “The ringgit has been in an uptrend as it catches up with other Asian currencies as risk sentiment has improved due to optimism over U.S.-China trade talks,” says Kota Hirayama, a senior emerging-market economist at SMBC Nikko Securities in Tokyo

** Underlying sentiment for ringgit remains bullish and it’s likely to advance toward 4.10 per dollar

** Ringgit may also have benefited from report that Southeast Asian nations and several other countries have concluded the Regional Comprehensive Economic Partnership trade deal 

* Global funds sold a net $15.6m of local equities on Monday: exchange data

* Malaysia’s 10-year bond yield is little changed at 3.41%

* Malaysia has earned about RM7b from its tax-amnesty program, through the Internal Revenue Board still finalizing the amount, New Straits Times said, citing Finance Minister Lim Guan Eng
05/11/2019 3:01 PM
Good123 moving toward s 1.2 :)
06/11/2019 9:08 AM
Good123 those who can wait a bit, earn more
06/11/2019 9:18 AM
Good123 results will be out soon Q3 :)
07/11/2019 9:16 AM
Good123 share buyback approved on Nov 6, 2019. Ordinary Resolution 6 Authority to Directors to allot and issue shares in the Company up to an amount not exceeding 10% of the issued share capital of the Company under Section 76 of the Companies Act 2016 and that such authority shall continue in force until the conclusion of the next AGM of the Company. 4,397,232,78297.618129107,291,9912.381871CarriedOrdinary Resolution 7 Renewal of authority for the Company to purchase such number of ordinary shares in the Company as may be determined by the Directors from time to time through Bursa Malaysia Securities Berhad upon such terms and conditions as the Directors may deem fit in the interest of the Company provided that the aggregate number of shares purchased does not exceed 10% of the total issued share capital of the Company at the time of purchase. 4,411,331,70397.624704107,331,6532.375296Carried
07/11/2019 9:28 AM
Good123 share buyback from the company can start anytime now :)
07/11/2019 9:29 AM
mroys74 need to push down further first before buying back
07/11/2019 11:58 AM
Ronald Tee think director intend to delisted this company
07/11/2019 1:14 PM
Ncm88 Lol both of u stupid or what
07/11/2019 1:17 PM
mroys74 hahaha...talkcock only
07/11/2019 1:46 PM
jamesprop why this counter no momentum in going up ? but it's financial is in fact very good
08/11/2019 10:34 AM
kenlee123 going for privatisation?
08/11/2019 12:44 PM
Ncm88 Gogogo
13/11/2019 7:38 PM
Bobgaya 1.25
14/11/2019 8:16 AM


 

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