1.09.slow and steady

Testing 1.08

Not bad at 1.07

For gamblers.

Iwcity when on Beast mode, all analysis doesn’t work anymore.

RECAP

A little take away on the previous(2017) jump.

Real action took place
~2 Mar'17 Price opened at 1.29, peaked at 1.41 and closed at 18mil shares traded.

3/3/17 opened at 1.45 peaked at 1.77 and closed at 1.64. 63mil shares traded.

4 and 5 Mar Weekend
6-8 Mar IWC requested Suspension. This is after BM euphoria. If IWC is not related to BM, why would they suspend the share? I dont have answer for it.

9/3/17(Thur) opened at 1.58, peaked at 1.76 and closed at 1.81. 85mil shares traded
.
10/3/17 opened at 1.82, peaked at 2.28 and closed at 2.28. 114mil shares traded.

13/3/17 (Mon) opened at 2.75, peaked at 2.93 and closed at 2.57. 128mil shares traded.

14/3/17 opened at 2.61, peaked at 2.90 and closed at 2.80. 135mil shares traded.

Hovered around 2.80 for 2 weeks before jump to above 3.00

After Irwin serigala pulled the plug on BM, it dived to below 1.000

This ride is for the Bravehearts. Not the faint hearted

I like u techstock.
U r full of riddle.
“Riddle-me riddle-me riddle-me-ree, Perhaps you can tell what this riddle may be: As deep as a house, as round as a cup, And all the king's horses can't draw it up.”
Are you one of Kang Hoo’s inner circle. Haha

Hello Singh1. How have u been doing?
Wish so. But nowadays shouting limit up is a taboo.
Ppl here will whack us kao latt kao lat. haha
Last limit up was on a Monday. The Friday before that it rallied to 1.02.
Monday limit up 1.32. Made 30 sen back then.
Gotta keep the faith. Haha
Long live Botak

Why rm7?

Good show.
0.895/0.990

Good ol’ Days are back

Wow

Damn

Would love to hear from roger

Rushing to buy before going for lunch

Juggernaut

0.885

Go pee come back 0.95 already.
Return if he Bravehearts?
Only time will tell

Now it’s iwcity turn

wanteng why ekovest up but iwcity still stay low volume ?
sry new here
13/12/2019 12:03 PM

Swallowed 0.875 at one go

Why sell at 0.935. Sell higher please

Return of the Bravehearts.
Miss them

I too wish it is 0.50.

You will not see 0.50.
No harm waiting

Bought in more at 0.79.
Totally agree with Techstock and Frankie

A little take away on the previous(2017) jump.

Real action took place
~2 Mar'17 Price opened at 1.29, peaked at 1.41 and closed at 18mil shares traded.

3/3/17 opened at 1.45 peaked at 1.77 and closed at 1.64. 63mil shares traded.

4 and 5 Mar Weekend
6-8 Mar IWC requested Suspension. This is after BM euphoria. If IWC is not related to BM, why would they suspend the share? I dont have answer for it.

9/3/17(Thur) opened at 1.58, peaked at 1.76 and closed at 1.81. 85mil shares traded
.
10/3/17 opened at 1.82, peaked at 2.28 and closed at 2.28. 114mil shares traded.

13/3/17 (Mon) opened at 2.75, peaked at 2.93 and closed at 2.57. 128mil shares traded.

14/3/17 opened at 2.61, peaked at 2.90 and closed at 2.80. 135mil shares traded.

Hovered around 2.80 for 2 weeks before jump above 3.00

ANOTHER OLD ARTICLE


http://chanky50.blogspot.com/2009/04/tebrau-teguh.html?m=1

OLD WRITE UP


Ready for a new era? Last month, the group changed its name to Iskandar Waterfront City Bhd (IWC) from Tebrau Teguh Bhd (TTB). The renaming followed two major proposed exercises, which were announced in Dec-13 and still pending completion; (i) 1-for-2 rights issue with warrants to raise up to RM670m for reclamation works of the Tebrau Coast and (ii) establishment of 70:30 JV between Tropicana and IWC to acquire and develop 60ac (GDV: RM3.7b) of the Tebrau coast land from IWC. It appears the group is readying to realize its prized asset and we reckon the company’s value will unfold in a similar fashion to E&O when its share price benefited as it got closer to obtaining full approvals for the reclamation of c.760ac Seri Tanjung Pinang Phase 2 @ Penang.

- The prized jewel. IWC owns some 980ac waterfronting landbank along the Tebrau River line which is mostly fronting the river/sea with easy connectivity to 1st Link/CIQ and Johor Bahru City Centre (5-10mins driving distance) through the EDL Highway. They will need to reclaim 786ac out of the 980ac which is currently “underwater” while the rest of the land is already there. Following their JV with Tropicana, we reckon that IWC is open to JVs or land sales to expedite the realization of their Tebrau River landbank. Total reclamation cost is estimated at RM822m which would be satisfied by the rights issuance and some borrowings; we estimate post these exercises, net gearing would still be comfortable at 0.1x. However, to realize its landbank more aggressively, they will need to bring in other property brands or JVs. The proposed JV has two major conditions; namely securing a high plot ratio of 4x and converting the land to freehold status (still on-going). Assuming that these conditions are met, our analysis indicates that: (i) net land cost is RM252psf and (ii) GDV is based on ASP of RM629psf, which is fair when compared to neighboring prices (refer overleaf).

- Tebrau River project GDV could be worth RM54b, if we extrapolate this onto the entire Tebrau River landbank as per above. This would imply 29x GDV/enlarged market cap (post rights) ratio which implies that the group is undervalued against other developers under our coverage average of 11x. It also works out to be RM58m/ac in terms of GDV/acre vs. recent water-front development deals by China-based developers of between RM158-327m/ac (refer overleaf).

- Earnings. We expect FY14E earnings of RM132m after accounting for the gains on land sale and new property contributions (refer overleaf).

- Cum-Rights FV of RM3.39 based on ex-rights FV: RM2.60 after assuming a steep 55% discount to its ex-rights RNAV of RM5.73 (refer overleaf). Our applied discount is very steep vs. the average 30% applied on developers under our coverage to account for the negative newsflow from Johor and volatile earnings history. Also, our RNAV is conservative as it is primarily driven by land valuations rather than DCFing the future development profits of their landbanks. Our FV provides >100% share price upside to its last price. Since the group appears to be close to kick-starting reclamation of their landbank along Tebrau River, we recommend Trading BUY.

Source: Kenanga

We wait

Suddenly volume disappeared. What happen?

Newbie9999. You are funny

PandaMan In other way, y you all can't buy low n sell high to shark
21/06/2019 10:13 AM

BECAUSE I AM GREEDY

Singh1
Unopened whiskey. Haha

Well Said @Uncle Sam

Limit down la

We all talk like pao chiak. Haha.
All the best

Singh1 make or take a break. Haha

What I don’t understand is why take all the trouble to goreng just to gain or make 4 and half sen when they could have use the skill to goreng iwcity for bigger gain at 18 sen.

@newinvestor.
Leave my family out of this!

@i have never use any foul language here in this forum

Newinvestor
Leave my family out of this!
Don’t force me to curse u

1.19 will be the new norm

I no money oredi.
If I have money ah I sure sailang the bugger

Fast and furious.
Don’t even have time for the usual 3pm tea break
Tell me it won’t lomit up today

Finally Ekovest broke 0.865

1.15 straight jumped to 1.19?
Tell me it won’t limit up today
Damn kang hoo
You’re killin’ me

Agree with Bursa. No hurry to sell
Tak judi bukan cina

Resistance is futile

Swallowed all 1.17