Highlights
KLSE: IREKA (8834)       IREKA CORP BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.37   0.00 (0.00%)  0.33 - 0.37  2,500
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Overview

Market Cap: 69 Million
NOSH: 187 Million
Avg Volume (4 weeks):65,200
4 Weeks Range:0.305 - 0.375
4 Weeks Price Volatility (%):
92.86%
52 Weeks Range:0.27 - 0.49
52 Weeks Price Volatility (%):
45.45%
Average Price Target: 0.79
Price Target Upside/Downside: +0.42

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#2]  |  30-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  27-Feb-2021
T4Q P/E | EY: -1.40  |  -71.62%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.32  |  1.16
T4Q NP Margin | ROE: -39.10%  |  -82.81%

Headlines

Date Subject
30-Sep-2020 Mplus Market Pulse - 30 Sep 2020
30-Jun-2020 PublicInvest Research Headlines - 30 Jun 2020
30-Jun-2020 Mplus Market Pulse - 30 Jun 2020
12-May-2020 PublicInvest Research Headlines - 12 May 2020

Business Background

Ireka Corp Bhd is an investment holding company. The group is organized into five reportable business: Construction, Property Development, Trading and Services, Property Investment and Investment Holding. The core business of the company is in Infrastructure, Real Estate, and Technologies. The company undertakes civil engineering works such as earthworks, road, bridges and interchanges, runway, public utilities, golf courses, drainage works and tin mine works. Majority of the company's revenue is derived from Malaysia.
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  4 people like this.
 
kimmytan CCC is bidding for MRT 3. CCC is building ERL and many more. CCC is a global stock. CCC is Ireka partner now
28/01/2018 9:55 AM
kimmytan I meant CRRC
28/01/2018 9:56 AM
Championmbsbnsimecw I am joining in
28/01/2018 12:52 PM
christophertopher IREKA 未来很美好!
28/01/2018 3:07 PM
Albukhary Ireka wont bring wealth to its shareholder one.. Dont like their management style.
28/01/2018 3:22 PM
Williamtaychunkit CCC will add and buy more Ireka share in 2018, so when CCC dah CUKUP MAKAN, Ireka will turn GREEN LIGHT to RM1.00-RM1.50.
29/01/2018 8:25 PM
kimmytan Stock in free fall . When will Orange return from holiday ?
30/01/2018 9:52 AM
kimmytan Haha never mind pick up cheap cheap TQ Ireka hahaha
30/01/2018 9:58 AM
dompeilee Luckily I SOLD @ 79.38c average the other day :)
30/01/2018 10:27 AM
Williamtaychunkit Dompeilee,记住你说的话。

"Luckily I SOLD @79.38 c average the other day :)"

不久后,你就会改口。
30/01/2018 6:18 PM
firehawk Albukhary, the pro is, he makes price appreciates quite substially, this make share holders feek a bit comfortable :-)
02/02/2018 10:03 AM
dompeilee If I will 改口 soon, why is no one shopping greedily for the shares @ 72-73c??? lol
05/02/2018 9:10 AM
dompeilee 68.5c low! 死 liao...
06/02/2018 9:36 AM
slee 之前卖在0.8, 现在差不多回到我要买的价位了。。。买
23/02/2018 5:34 PM
slee Good report announced
28/02/2018 6:22 PM
investor001 中国中车撑腰
毅成-WB明年(2018年)有看头/温世麟

2017年12月10日

毅成(IREKA,8834,主板建筑股)在上周一宣布,中国中车集团旗下中车城市交通(欧洲)有限公司,将通过私下配售成为持有公司股权8.5%的大股东之一。

该公司母股在消息出炉后稳步上涨,最高在上周四升至68仙。不过,该股在上周五调整至65仙结束上周交易。该公司凭单毅成WB(IREKA-WB)则以12.5仙收市。

中国中车是是全球规模最大、品种最全、技术领先的轨道交通装备供应商。

2019财年料唱丰收

该集团也是财富全球500强企业。这次入股毅成并和后者组织联营公司,是要在本区域交通基建项目分一杯羹。

毅成在11月底宣布的2018财年首半年(截至2017年9月30日),营业额增长15%至1亿4348万令吉,并获得401万令吉的净利。

毅成的盈利很受旗下英国上市的联号公司ASEANA产业影响。

ASEANA产业旗下如玛酒店(The Ruma)预料在2018年次季开张营业,这将为ASEANA产业带来过亿令吉的盈利,同时,直接持有如玛酒店30%的毅成,将在2019财年大唱丰收。

母股潜力不容小觑

毅成WB目前的估价虽高,但其母股在未来一年的上升潜力不容忽视。

有了中车集团这样的大股东在背后撑腰,毅成有望参与我国基建建筑项目如东海岸铁路以及隆新高铁,该公司凭单也就有望成为马股未来一年的黑马。

http://www.enanyang.my/news/20171210/%e4%b8%ad%e5%9b%bd%e4%b8%ad%e8%bd%a6%e6%92%91%e8%85%b0br-%e6%af%85%e6%88%90-wb%e6%98%8e%e5%b9%b4%e6%9c%89%e7%9c%8b%e5%a4%b4%e6%b8%a9%e4%b8%96%e9%ba%9f/


Latest QR report: On the property development front, construction of The RuMa Hotel and Residences, KLCC ( "The RuMa") which is 70% owned by ASPL and 30% by the company, is expected to complete in April 2018. ASPL adopted IFRIC 15- Agreements for Construction of Real Estate, which prescribes that revenue and profit be recognised only when the properties are completed and occupancy permits are issued. Hence, we expect the RuMa to contribute positively to the results of the Group in the next financial year.

(Starting from April 2018 RM100m+ profits will be gradually flowing in.)


伦敦Aseana售马越资产

赖玟妃指出,毅成持股23%的伦敦上市公司Aseana产业,计划逐步脱售马越估值高达1.8亿美元(7.07亿令吉)的资产,有可能会派发特别股息。

她说,毅成不会再加码投资Aseanna产业,后者也正逐步脱售在大马和越南的资产。所有资产套现后,会考虑派发特别股息。

http://www.enanyang.my/news/20180125/%e5%81%95%e4%b8%ad%e8%bd%a6%e5%9f%8e%e4%ba%a4%e4%b8%8e%e7%94%b3%e9%80%9a%e5%bf%ab%e9%80%92br-%e6%af%85%e6%88%90%e8%ae%be%e7%89%a9%e6%b5%81%e6%9e%a2%e7%ba%bd%e6%94%bb%e4%b8%9c%e7%9b%9f/

(Aseana will bring in another RM100m+ profits as the company successfully divest its portfolio of assets)

The market cap of IREKA is RM129m. The profits from these 2 sources already exceed its market cap. The only way to reflect its true value is share price going up.

Almost sure win for long term investment.
08/03/2018 3:40 AM
firehawk a deliberately designed game by major holders against small holders .... game already been started 5 yrs ago ... and going on .....
09/03/2018 3:56 PM
investor001 The share price above RM1 is just a matter of time.
10/03/2018 2:15 AM
firehawk Now she said, she wants to wait for ASEANA sell all the assets, only Ireka will pay the special dividend.

The first question is, why Ireka hv to wait for ASEANA to sell all assets? ASEANA doesn't keep the proceeds until all the assets are sold! why Ireka has to do so?

While waiting, Ireka issue new shares, this will dilute the dividend.

ASEANA wouldn't be completed selling all the assets, even by the end of 2019. Let's see whether she announces it after 2019. If she announces it early than Jun.19, she is actually make use of the dividend as a tool to manipulate the share price!
12/03/2018 3:50 PM
investor001 温世麟凭单专栏:ASEANA产业旗下如玛酒店(The Ruma)预料在2018年次季开张营业,这将为ASEANA产业带来过亿令吉的盈利,同时,直接持有如玛酒店30%的毅成,将在2019财年大唱丰收。

Latest QR report: On the property development front, construction of The RuMa Hotel and Residences, KLCC ( "The RuMa") which is 70% owned by ASPL and 30% by the company, is expected to complete in April 2018. ASPL adopted IFRIC 15- Agreements for Construction of Real Estate, which prescribes that revenue and profit be recognised only when the properties are completed and occupancy permits are issued. Hence, we expect the RuMa to contribute positively to the results of the Group in the next financial year.

April is fast approaching. Something good is coming soon.
27/03/2018 1:49 AM
dompeilee dompeilee Luckily I SOLD @ 79.38c average the other day :)
30/01/2018 10:27


Nasib baiiiikkkk ku cepat cabut...no need $$$ stuck for months lol
05/04/2018 3:13 PM
Jordan Khoo Sunami!!
05/04/2018 3:44 PM
Jasper Coo MOU signed today
05/04/2018 5:46 PM
investor001 It still will break through RM1 sooner or later. The reasons are very obvious. Do your own work.
06/04/2018 2:07 AM
investor001 Ireka, Japan's Hankyu Hanshin in RM400m property project in Nilai

KUALA LUMPUR: Ireka Corporation Bhd is teaming up with Japan's Hankyu Hanshin Properties Corp to undertake the Rimbun Kasia property development in Nilai with a GDV of over RM400mil.

Ireka said on Monday it had entered into agreements with Osaka-based Hankyu Hanshin – a unit of Hankyu Hanshin Holdings, Inc. Ireka will hold a 55% stake in the JV company Meadowfield Sdn Bhd while Hankyu Hanshin will hold the other 45%.

The Rimbun Kasia development is a new residential enclave covering five parcels of a residential project, and one parcel of commercial project, over a 30.56-acre piece of land located in the town of Nilai.

Initially, the JV will develop the Dwi@Rimbun Kasia project, consisting of 382 residential units in a nine-storey block, and another parcel of land which will have 465 residential units in two blocks of 29 and 19-storeys.

“These projects will have a combined GDV of over RM400mil. The remaining land parcels at Rimbun Kasia shall be developed by Meadowfield at subsequent stages following the launch of the first two developments.

“These properties will be developed under the ZenZ brand, the sister brand to Ireka’s iconic i-ZEN brand, and also leveraging off Hankyu Hanshin’s highly successful Geo brand of properties,” it said.

Ireka group managing director, Datuk Lai Voon Hon stated: “I look forward to the joint venture with Hankyu Hanshin because it will enhance the Rimbun Kasia development, leveraging on their vast experience in the affordable housing sector, track record and financial strength.

“This is very exciting for us because the collaboration will also provide a strong foundation and a competitive advantage to the Rimbun Kasia development. I am very proud that Hankyu Hanshin has selected Ireka to be their development partner as they seek to expand their operations in Malaysia. The Rimbun Kasia development will be their first project in Malaysia.”

https://www.thestar.com.my/business/business-news/2018/04/09/ireka-japan-hankyu-hanshin-in-rm400m-property-project-in-nilai/
14/04/2018 2:40 AM
investor001 Their own businesses have been normalized especially the property segment.

The collaboration with CRRC, STO and Hankyu Hanshin are extra bonuses.
14/04/2018 2:47 AM
firehawk everyday trading vol=0, better delist it!
16/05/2018 3:54 PM
firehawk she bot a lot @0.62 ..... so, is going to announce v/good Q result?

(unlikely to have special div., bcos she said will only give after ASEANA sold all the assets)
30/05/2018 10:00 AM
Singapore88 Good morning
30/05/2018 10:07 AM
slee 悄悄上有了一点动静
31/05/2018 10:26 AM
slee :( report
31/05/2018 7:40 PM
dompeilee dompeilee Luckily I SOLD @ 79.38c average the other day :)
30/01/2018 10:27

I got OUT closer to the TOP than anyone... =)
26/06/2018 8:56 PM
JbHotSpot Start accumulating...
10/07/2018 10:18 PM
firehawk WB has less than 1 yr life span now, unless mother share rises >60% within the coming 1 yr .....

WB holders would be holding toilet paper for mr/ms lai ... :-(
11/07/2018 9:31 AM
firehawk Since miss lai announced, she wants to wait for ASEANA sold all the assets, only Ireka will pay the special dividend ..... Ireka price sliding with no return .....

she gave a good lesson to shareholders, especially WB holders.
08/10/2018 3:32 PM
mansaham1972 Masuk waran B harga 2 sen.harap ada ummphh sebelum expired.
30/10/2018 6:13 PM
firehawk even though bot @2sen still is high risk ....
06/12/2018 9:47 AM
firehawk ms lai doesn't want to declare dividend ... WB holders die .....
28/02/2019 9:53 AM
Sean Eng Kwong Howe http://www.bursamalaysia.com/market/listed-companies/company-announcements/5673841
22/04/2019 6:20 PM
Sean Eng Kwong Howe Subject MEMORANDUM OF UNDERSTANDING
Description Memorandum of Understanding between CRRC Urban Traffic Co. Ltd., Shentong Express Co. Ltd. and Ireka Corporation Berhad
The Board of Directors of Ireka Corporation Berhad (“ICB” or “the Company”) is pleased to announce that the Company has on 24 January 2018 entered into a Memorandum of Understanding (“MoU) with CRRC Urban Traffic Co. Ltd. (“CRRC”) and Shentong Express Co. Ltd. (“STO”) to establish a formal working relationship by exploring logistics businesses focusing on:



Investment and development of logistics warehouses, distribution centers and other ancillary real estate facilities to support the business expansion of STO in Malaysia and South East Asia; and



Investment and supply of infrastructure and equipment including logistics, commercial and special-purpose vehicles to support the business expansion of STO in Malaysia and South East Asia.
22/04/2019 6:21 PM
firehawk Mati loh ..... when ms lai said, she wants to wait for ASEANA sell all the assets, only Ireka will pay the special dividend, death is certain .... buried without coffin ..... :-(

8834WB IREKA-WB IREKA CORPORATION BERHAD-WB 14/19
Expiry/Maturity of the securities

Instrument Category : Securities of PLCInstrument
Type : Warrants
Mode of Satisfaction of Exercise/Conversion Price : Cash
Exercise/ Strike/ Conversion Price : MYR 1.0000
Exercise/ Conversion Ratio : 1:1
Settlement Type/ Convertible into : Physical (Shares)
Last Date & Time for Trading : 07/06/2019 05:00 PM
Date & Time of Suspension : 10/06/2019 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c : 18/06/2019 04:30 PM
Date & Time of Expiry : 25/06/2019 05:00 PM
Date & Time of Delisting : 26/06/2019 09:00 AM
27/05/2019 10:18 AM
firehawk Mr. & Ms Lai do like this ... shareholders mati lah .... below 0.50 already :-(
01/08/2019 11:46 AM
firehawk After being played kaw kaw by Ms & Mr Lai, ikan bilis no sound already .... can only licking their wounds at the dark corner (especially WB holders)!
07/08/2019 9:42 AM
firehawk is very enjoyable looking at those miserable licking their wounds at the dark corner .... after mr. & miss lai gave them a good lesson ......
10/09/2019 9:50 AM
firehawk mr & ms lai smile ;-) :-)
03/10/2019 10:29 AM
Daily8 what happened to the once upon a time book value of 1.2bil? gone?
01/12/2019 9:43 PM
firehawk mr & ms lai smiling again :-) ;-) :-)
31/01/2020 9:34 AM
tkl88 Superb good news from budget 2021 for the construction sector !

MRT 3 and HSR making a comeback
CONSTRUCTION
Saturday, 07 Nov 2020 By INTAN FARHANA ZAINUL
https://www.thestar.com.my/business/business-news/2020/11/07/mrt-3-and-hsr-making-a-comeback
The government is reviving the multi-billion ringgit Mass Rapid Transit Line 3 (MRT 3) under the Budget 2021 that
will be a boom for construction companies.......
07/11/2020 12:05 PM
tkl88 2021 Budget: Government to proceed with HSR project
By New Straits Times - November 6, 2020 @ 8:20pm
https://www.nst.com.my/news/nation/2020/11/638836/2021-budget-government-proceed-hsr-project
KUALA LUMPUR: The government will proceed with the Kuala Lumpur-Singapore High-Speed Rail (HSR) infrastructure project.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, in tabling the 2021 Budget in the Dewan Rakyat today, however said the implementation of the project was subject to discussions with Singapore.
"The government will continue the HSR project as this project is expected to generate a positive multiplier effect to the country's economy," he said.
07/11/2020 12:05 PM
tkl88 Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !
17/11/2020 8:13 AM


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