Highlights
KLSE: IGBB (5606)       IGB BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
2.73   -0.06 (2.15%)  2.72 - 2.78  33,400
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Overview

Market Cap: 1,883 Million
NOSH: 690 Million
Avg Volume (4 weeks):215,915
4 Weeks Range:2.71 - 2.80
4 Weeks Price Volatility (%):
22.22%
52 Weeks Range:2.20 - 2.90
52 Weeks Price Volatility (%):
75.71%
Average Price Target: 2.80
Price Target Upside/Downside: +0.07
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  27-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  14-Nov-2019
T4Q P/E | EY: 7.76  |  12.88%
T4Q DY | Payout %: 1.08%  |  8.43%
T4Q NAPS | P/NAPS: 5.0841  |  0.54
T4Q NP Margin | ROE: 28.72%  |  6.92%

Headlines

Date Subject
28-Aug-2019 IGB Berhad - No Surprises
30-May-2019 IGB Berhad - Within Expectations
27-Feb-2019 IGB Berhad - Improved Results
31-Jan-2019 IGB Berhad - Unveiling Southkey Mall in 2Q19
15-Nov-2018 Mplus Market Pulse - 15 Nov 2018
15-Nov-2018 IGB Berhad - Above Expectations

Business Background

IGB Bhd, formerly known as Goldis Bhd was incorporated on June 1, 2000. The Company is an investment company with private equity investments in Malaysia and China. The Company is organised into five segments namely Property investment and management, Property development, Hotel, Construction and Investment holding.
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  2 people like this.
 
Hafid July
22/06/2017 8:01 PM
danny123 if igb egm reject d offer, then goldis will come down to 2.30
i gb share will go up, maybe 3.50
30/06/2017 4:24 PM
danny123 hopefully IGB shareholder will reject d offer during EGM
30/06/2017 4:25 PM
Ring http://www.theedgemarkets.com/article/goldis-revises-options-igb-takeover
30/06/2017 9:38 PM
Ring KUALA LUMPUR (June 30): Goldis Bhd is revising the options for its takeover offer for IGB Corp Bhd.

Originally, Goldis offered three options available to IGB shareholders — cash only or a cash plus Goldis shares on a 30:70 ratio respectively, and the third option is cash plus new redeemable convertible cumulative preference shares (RCCPS) on a 20:80 ratio respectively. Meanwhile, shareholders owning fewer than 100 IGB shares would be offered cash only.

However, Goldis said it wants to allow all scheme shareholders to have the same election rights, whereby those with fewer than 100 IGB shares can elect for the Cash Option, the Cash and Share Option or the Revised Cash and New RCCPs Option.

Secondly, the proportion of cash to new RCCPS to be offered under the Cash and New RCCPS Option has been revised from 20% in cash and 80% New RCCPS to 12% in cash and 88% new RCCPS.

“This is to cater to scheme shareholders who wish to maximise their equity holdings in Goldis with the aim to benefit from and realise the long-term potential value in the consolidated group,” said Goldis.

Goldis said the revised option will not have any material effects on the group structure, share capital, substantial shareholders’ shareholding and audited consolidated net assets per share and gearing.

On Feb 23, Goldis announced that it had offered to pay IGB shareholders RM3 a share in either cash or a combination of cash and shares in Goldis, a move that would see it delisting IGB and turning it into its wholly-owned subsidiary.

It also said the move would likely eliminate its holding company discount on IGB, provide it with greater liberty to plan and decide on the strategic and business directions of IGB, and create a more cohesive and efficient operating structure going forward.

Should the scheme be approved, Goldis said it plans to rename itself IGB Bhd, which stands for Ipoh Goldis Bersatu.

Goldis settled 0.4% or one sen higher at RM2.90 today, valuing it at RM1.77 billion.
30/06/2017 9:45 PM
Hafid I doubt there will reject. Maybe something is in offering with the deal. There is safety of margin of rm1.00. very good
02/07/2017 7:23 AM
Hk Wong KUALA LUMPUR: Goldis Bhd, which is seeking to take subsidiary IGB Corp Bhd private, has sweetened its offer for the remaining IGB shares it does not own by waiving its right to all dividends and/or distributions declared, paid or made after the date of its Feb 23 proposal letter.

IGB Corp, the developer of Mid Valley City, told Bursa Malaysia that it had received a letter from Goldis on Thursday stating that the scheme shareholders would now be entitled to retain any dividend that IGB might declare, make or pay for this financial year ending Dec 31, 2017 (FY17), prior to the date of sanction of the proposed scheme by the High Court.

“For the avoidance of doubt, notwithstanding the waiver set out above, Goldis will not reduce the offer price by an amount equivalent to the net dividend for each IGB share which the scheme shareholders are entitled to retain,” it said.

“Similarly, if Goldis declares, makes or pays any dividend before the consideration shares and the consideration new RCCPS (redeemable convertible cumulative preference shares) are issued, the consideration shares issue price and the consideration new RCCPS issue price will not be reduced by an amount equivalent to the net dividend for each consideration share or consideration new RCCPS that the scheme shareholders are not entitled to.”

(Earlier this month, Goldis declared a first interim dividend of 2 sen per share for FY17. IGB, which paid an interim dividend of 10% for FY16 on March 17, has not declared any interim dividend for FY17.)

All other terms and conditions to the proposed scheme as set out in the proposal letter dated Feb 23 and as revised by the revised proposal letter dated June 30 remain the same.

The proposed scheme offers RM3 for each IGB share held, to be settled by either one of three options that the scheme shareholders can choose (100% cash, 30% cash and 70% Goldis shares, and 12% cash and 88% new Goldis RCCPS).

Goldis directly holds 73.43% of IGB’s share capital (excluding treasury shares). The Employees Provident Fund is the second largest shareholder with a 5.02% stake.

Kenanga Investment Bank Bhd, was appointed on April 14 as independent adviser on the proposed scheme. IGB has not posted any advice from Kenanga IB to-date on Bursa Malaysia's website on whether shareholders should accept or reject the offer.

IGB shares closed unchanged at RM2.83 on Thursday.

Read more at http://www.thestar.com.my/business/business-news/2017/07/20/goldis-sweetens-offer-for-igb-shares/#GEvM5ESfGeldbejc.99
21/07/2017 9:28 AM
danny123 igb pay 10- 15 cents div
goldis pay 2 -5 cents div
for the past 3 yrs.
most likely, monority shareholder of igb will reject d offer.

Reasons;
-igb shares will be diluted UNDER OPTION 2 AND 3, therefore dunt get good div anymore
- Some analysis say igb valuation 4 -6 ringgit, therefore offer 3 ringgit not attrative.

SO VOTE NO DURING IGB EGM
25/07/2017 4:18 PM
Hafid When is the voting date
27/07/2017 1:35 PM
magus goldis wants to buy igb for cheap and given the market rules, they will most likely succeed too; talk about the rich getting richer and the not so rich getting screwed.
28/07/2017 1:25 PM
YoungInvestor Justin : Where did you get the news , is it a well known news ?
09/08/2017 10:55 PM
jtpc2006 What is Goldis management waiting for now?
16/08/2017 5:21 PM
Hafid Wait for approval
17/08/2017 8:35 PM
jtpc2006 Goldis management wait for approval? For goodness sake get a move on !!
21/08/2017 4:38 PM
Hk Wong already submit to SC.
23/08/2017 10:36 AM
Hk Wong goldis dividend is low. but once the merger is done and economy recover than...
with the e-commerce come will affect the mall operator.
23/08/2017 10:37 AM
Hk Wong The Group's revenue for the 6 months period ended 30 June 2017 decreased by 6.7% to RM552.9 million as compared to
RM592.5 million for the 6 months period in the preceding year. The decrease in revenue was mainly due to lower contribution
from the hotel segment. The previous year’s revenue had included revenue from Cititel Express Kuala Lumpur, Micasa Hotel
Yangon and Renaissance Kuala Lumpur Hotel which were disposed in March 2016, July 2016 and January 2017 respectively. The
contribution from these three hotels were RM57.4 million. However, this was mitigated by the higher revenue contributed by
The Tank Stream Hotel in Sydney.
However, the Group has recorded higher profit before taxation of RM239.3 million for the 6 months period ended 30 June 2017
as compared to RM168.5 million for the corresponding 6 months period in the preceding year, which represented an increase of
42.0%. This was mainly due to a one-off gain on disposal of Renaissance Kuala Lumpur Hotel.
28/08/2017 4:13 PM
Hk Wong On 21 July 2017, the Company have submitted an application to Bank Negara Malaysia for the proposed issuance of the New
RCCPS to non-residents in relation to the Consideration New RCCPS pursuant to the Proposed Scheme.
28/08/2017 4:16 PM
Hk Wong On 31 July 2017, the Company have submitted an application to Bursa Securities for the listing of and quotation for the
Consideration Shares, the Consideration New RCCPS and new ordinary shares in the Company to be issued upon the conversion
of the Consideration New RCCPS pursuant to the Proposed Scheme on the Main Market of Bursa Securities.
28/08/2017 4:16 PM
Hk Wong RANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
(I) PROPOSED ACQUISITION BY GOLDIS BERHAD ('GOLDIS' OR 'COMPANY') OF THE ENTIRE
EQUITY INTEREST IN IGB CORPORATION BERHAD ('IGB') NOT ALREADY OWNED BY GOLDIS
BY WAY OF A MEMBERS SCHEME OF ARRANGEMENT TO BE UNDERTAKEN BY IGB PURSUANT TO
SECTION 366 OF THE COMPANIES ACT, 2016 ('PROPOSED SCHEME');(II) PROPOSED CHANGE
OF NAME OF GOLDIS FOLLOWING THE COMPLETION OF THE PROPOSED SCHEME ('PROPOSED
CHANGE OF NAME'); AND(III) PROPOSED CHANGE TO THE CONSTITUTION(COLLECTIVELY THE
'PROPOSALS')
21/09/2017 2:46 PM
Hk Wong Notice extraordinary meeting 20/11/2017
27/10/2017 7:53 AM
Hafid Takeover done
21/11/2017 6:52 PM
jtpc2006 Now for Goldis and IGP Corp, the sky is the limit, price will shoot up!
22/11/2017 3:40 PM
jtpc2006 what a slow coach !
27/12/2017 7:21 PM
jtpc2006 Still a slow coach!
09/01/2018 4:47 PM
member41 Golden share upupup can $4?
22/01/2018 4:57 PM
member41 Gold mine up 25 today
23/01/2018 11:30 AM
jtpc2006 Still waiting for Goldis to show its true colors
23/01/2018 2:21 PM
Hafid i hope can go up to 5.00
23/01/2018 9:02 PM
Hafid AllianceDBS’ investment case is straightforward. As it stands, Goldis has a fully diluted revised net asset value (RNAV) of RM8.04 per share. Hence, it is currently valued at a whopping 65% discount to its RNAV.
The merger with IGB Corp should be a re-rating catalyst for Goldis, allowing it to command a slightly higher discount-to-RNAV of 50% or RM4 per share.
24/01/2018 11:48 AM
Ring http://www.theedgemarkets.com/article/stock-momentum-goldis-bhd
24/01/2018 12:47 PM
tipumakan one major problem with goldis is that they are stingy on dividend
24/01/2018 9:55 PM
stevenwongg Wow, cut loss
25/01/2018 4:38 PM
tipumakan Cut loss? I though everyone should earn with recent gain?
25/01/2018 4:43 PM
stevenwongg I just enter today, but seem like dropping after lunch..
25/01/2018 5:11 PM
kaikai Good buy , easily worth RM4 !
25/01/2018 8:30 PM
tipumakan It already worth more than RM4 long time ago but price at lower low. Need more corporate exercise carry out to boost the price, or give better dividend.... Otherwise will be dead water again
25/01/2018 9:48 PM
member41 Every time drop buy more. But need to wait.
26/01/2018 9:47 AM
tipumakan Its time to buy, already drop
26/01/2018 10:04 AM
jtpc2006 such a slow coach, cannot take one step forward
26/01/2018 2:13 PM
member41 Below 3 buy
29/01/2018 4:46 PM
jtpc2006 very slow tortoise
30/01/2018 10:03 AM
jtpc2006 Fantastic financial results, where's the bonus and dividends?
21/02/2018 7:19 PM
Hafid nothing from the goldis
07/03/2018 8:36 AM
888newbie TCN, RIP.
22/10/2018 10:41 AM
Mkhlee Mid Valley Southkey Mall Johor opened business in April 2019. Will this
28/04/2019 8:49 AM
Mkhlee be catalyst for IGBB ?
28/04/2019 8:50 AM
WantToTrade Mkhlee, it should be a catalyst, igbb managment did not want to give details on this project when asked at today's meeting 29 the May 2019.
30/05/2019 2:46 AM
goldenhope Good profit but dividend only 2 cents? Why ?
10/06/2019 11:41 AM
Joseph Woon Chee Aun why is insider selling?
04/07/2019 2:25 PM


 

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