I-BHD

KLSE (MYR): IBHD (4251)

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Last Price

0.26

Today's Change

+0.005 (1.96%)

Day's Change

0.25 - 0.26

Trading Volume

702,900


9 people like this.

2,779 comment(s). Last comment by UnicornP 5 days ago

bjgdila123

3,470 posts

Posted by bjgdila123 > 2017-07-17 16:16 | Report Abuse

clsg 0.85

Posted by CharXiuBao > 2017-07-17 16:28 | Report Abuse

Jun Yi I think got people want to clear his/her position. After contra player done their job then price should be up

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-17 17:05 | Report Abuse

Gap up tomorrow

Emir42

145 posts

Posted by Emir42 > 2017-07-17 17:08 | Report Abuse

No dividend for shareholders ka

darkstar

589 posts

Posted by darkstar > 2017-07-17 17:24 | Report Abuse

The table in SinChew shows that I-BHD is the most undervalued with highest potential in TP 0.91 (47%)

Property may be slowing down in many areas, but Klang Valley is still moving positively. From qtr report:

"As at to-date, the Group had unveiled the Hill10 Residence @ i-City (“Hill10”), 204 exclusive luxury residences located above the DoubleTree by Hilton @ i-City Shah Alam (“DoubleTree”). The response was very promising with a take up rate of approximately 70% as at to-date."

"Barring any unforeseen circumstances and based on the aforementioned factors, the Board is confident that the Group would achieve commendable operating results for the financial year ending 31 December 2017."

Posted by CharXiuBao > 2017-07-17 17:39 | Report Abuse

Ehh darkstar sends me the link of that info.

I just able to find out this, MIER expects property uptrend starting in year 2017.

http://rehda.com/wp-content/uploads/2017/06/02-REHDA-Bulletin-February-2017-3.pd

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-17 17:40 | Report Abuse

Tp: 0.91 since last year

darkstar

589 posts

Posted by darkstar > 2017-07-17 17:51 | Report Abuse

@charxiubao, which link? the sinchew or quarter report?

darkstar

589 posts

Posted by darkstar > 2017-07-17 17:55 | Report Abuse

“我们认为巴生谷(吉隆坡和雪兰莪一带)的产业需求将会继续保持强劲,因为该地区的产业交易价值和数量,是迄今为止全国最高。”
News mainly on MahSing, but describing on Klang Valley's property prospect

http://www.kwongwah.com.my/?p=347173

darkstar

589 posts

Posted by darkstar > 2017-07-17 17:59 | Report Abuse

Hill10 residence was just recently launched in June 2017. Take up rate of 70% in a month is promising.

Larrytrader

1,453 posts

Posted by Larrytrader > 2017-07-17 18:02 | Report Abuse

Report good

Posted by 酷睿齐聿 > 2017-07-17 18:14 | Report Abuse

above 0.68

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-17 18:59 | Report Abuse

More news tomorrow

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-17 19:03 | Report Abuse

Emir42 you already missed dividend, it just given out last week

anicca

337 posts

Posted by anicca > 2017-07-17 19:16 | Report Abuse

what news ya? can break 0.65?

bjgdila123

3,470 posts

Posted by bjgdila123 > 2017-07-18 08:05 | Report Abuse

want 2 buy early morning

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-18 08:12 | Report Abuse

Eps 1.85, NTA 0.89, come on IBHD worth at least 0.90

Pak Andak

896 posts

Posted by Pak Andak > 2017-07-18 08:22 | Report Abuse

Better go in asap...or regret

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-18 09:23 | Report Abuse

I feel pengoreng already come into this stock, TP 0.91!

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-18 09:24 | Report Abuse

https://klse.i3investor.com/m/blog/PublicInvest/128045.jsp

Underappreciated stock

AliCafe

81 posts

Posted by AliCafe > 2017-07-18 12:06 | Report Abuse

I-Berhad recorded a net profit of RM19.6m (+33.7% YoY, +5.6% QoQ) for 2QFY17, bringing cumulative 1HFY17 net profit to RM38.2m (+27.3% YoY). Making up 44.2% of our full-year estimates, we continue to deem the results in line as we see stronger earnings recognitions in subsequent quarters on the back of its RM334.7mn in unbilled sales. We like I-Berhad’s value proposition and attractive location in benefitting from the urbanization of the outer Klang Valley region (Klang and Shah Alam). We reckon I-Berhad is under appreciated owing to its predominant single-location focus, but which we believe very much unwarranted given its steadily growing earnings (Figure 1) and encouraging sales numbers. Our Outperform call is affirmed with an unchanged target price of RM0.91 based on a c. 50% discount to RNAV.

Earnings overview. In the absence of meaningful property investment and leisure-related contributions, property development continues to drive earnings growth in the interim. Divisional pretax profit of RM49.2m for 1HFY17 is 20.9% higher than the previous corresponding period’s RM40.7m, underpinned by steady construction progress of its on-going developments. The i-SOHO project was completed and handed over to purchasers in early 2Q 2017, allowing the Group to realize a portion of its unbilled sales, which in turn has ballooned its current cash-holdings to RM243.3m (c.18.5sen per share on fully-diluted basis).
Business overview. The i-Suite development will be handed over to purchasers by Q4 2017 while the Liberty, Parisien and Hyde Towers are on track for delivery in late-2018/early-2019. The four towers have achieved combined average sales of 86%. While unbilled sales have fallen to RM334.7m as at mid-2017 from RM447.9m in the previous quarter, this does not include the recently-launched Hill10 Residences (RM120m gross development value) which saw a healthy 70% take-up rate. Marketed as one of the most luxurious properties of its kind in Shah Alam, we are encouraged by the successful sales numbers as it marks a watershed moment for property development in the area given its benchmark pricing amid reportedly lackluster operating conditions, and strongly reinforces our belief in the eventual realization of the Group’s remaining c.RM7bn GDV.
Other developments. Structural works on the 1m sq-ft mall have reached about 70% completion and remains very much on track for a 2018 opening, providing a boost to property investment-related earnings. Works on the DoubleTree by Hilton hotel is also underway, with completion in 2019. Slated for launch this year-end or early next year, depending on certain regulatory approvals, are another 2 residential towers with estimated combined GDVs of RM520m
Source: PublicInvest Research - 18 Jul 2017

Posted by CharXiuBao > 2017-07-18 15:39 | Report Abuse

@darkstar thanks!
Big players keep on pressing down the price. I bet the price will explode highly in short term.

darkstar

589 posts

Posted by darkstar > 2017-07-18 16:50 | Report Abuse

The company's sustainable performance will definitely attract attention and thus attain its deserved TP

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-18 17:34 | Report Abuse

Game over this stock, good fundamental, too QR but still NO buyers, this counter like shit

anicca

337 posts

Posted by anicca > 2017-07-18 18:33 | Report Abuse

jun yi lim macam a bit unwell?? if no buyer how could its share price rises these 2days...pls b patient lah...this is stick market bukan pasar

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-07-18 18:48 | Report Abuse

Look at the chart history, it always go back to 0.595 after few days good QR announced. This stock has no buyers, no goreng, soon it will be quiet as last week

anicca

337 posts

Posted by anicca > 2017-07-18 20:38 | Report Abuse

tmr if another wave comes then can break 0.65, upwards 0.70 haha

darkstar

589 posts

Posted by darkstar > 2017-07-19 08:24 | Report Abuse

工程項目料陸續竣工, i公司前景錢景佳
Chinapress 18/7/2017

anicca

337 posts

Posted by anicca > 2017-07-19 11:39 | Report Abuse

slowly climbing......shall break 0.65 tomorrow..
vol is coming

CaiShenYe

232 posts

Posted by CaiShenYe > 2017-07-19 11:53 | Report Abuse

(吉隆坡18日訊)最新業績表現優異的i公司(IBHD,4251,主要板房產),在3億3470萬令吉未進賬銷售帶動下,未來盈利備受看好。

i公司以61仙開市,早盤最高起2仙上探62仙,休市報60.5仙,起0.5仙,有163萬9700股易手。閉市時,該股報61.5仙,起1.5仙,成交量203萬股。

大眾投銀研究在報告指出,i公司的1萬平方尺商場架構工程已完成約70%,料可如期在2018年開張,提供房產投資相關盈利貢獻。至于DoubleTree by Hilton酒店也在建築中,料于2019年竣工。

i公司另外還有兩棟發展總值達5億2000萬令吉的住宅大樓項目,料在今年底或明年初推出,取決于特定監管單位的批準。

報告看好i公司的價值以及具吸引力地點,料從巴生谷周邊地區城市化受惠。同時,該公司專注于單一地點發展,仍可交出穩定成長和令人鼓舞的銷售額。因此,大眾投銀研究維持i公司“跑贏大市”評級,目標價維持在91仙。

http://www.chinapress.com.my/20170718/%e5%b7%a5%e7%a8%8b%e9%a0%85%e7%9b%ae%e6%96%99%e9%99%b8%e7%ba%8c%e7%ab%a3%e5%b7%a5-i%e5%85%ac%e5%8f%b8%e5%89%8d%e6%99%af%e9%8c%a2%e6%99%af%e4%bd%b3/

anicca

337 posts

Posted by anicca > 2017-07-19 12:54 | Report Abuse

translate pls

bjgdila123

3,470 posts

Posted by bjgdila123 > 2017-07-19 14:03 | Report Abuse

PBB call buy tp 0.91 . wow buy buy

Posted by henrygan99 > 2017-07-19 16:33 | Report Abuse

results good . definately will go above 0.68c as major shareholders convert loan stock at o.68c.

darkstar

589 posts

Posted by darkstar > 2017-07-19 17:41 | Report Abuse

Amazing!

Posted by CharXiuBao > 2017-07-20 14:54 | Report Abuse

@henrygan99 can I know where to see the loan stock?

darkstar

589 posts

Posted by darkstar > 2017-07-20 19:22 | Report Abuse

huhu today like no energy d

zoizai

1,501 posts

Posted by zoizai > 2017-07-23 20:36 | Report Abuse

next week will break out. TP 0.80

darkstar

589 posts

Posted by darkstar > 2017-07-25 21:55 | Report Abuse

IBHD (4251) - 解说为何业绩亮眼,股价仍不上涨?

一如往常,IBHD展现杰出的效率,7月17日就公布最新的季报表现了。不过,这方面有着高效率对股价是没有太大影响的,最重要还是业绩亮眼。
事实上IBHD的业绩也相当亮眼,营业额成长47%亦突破新高,达RM127.8million,净利也成长34%。上半年已取得3.6仙EPS,比去年同期高出27%。

以目前的情况看来,笔者还是相当看好IBHD未来的前景。别忘了发展总值达90亿令吉的I-City智慧城市目前只发展约15%左右,还有很多发展价值仍未发掘。随着净利的提高,IBHD的手上资金增加至RM243mIllion,是一家净现金公司可以支撑未来的发展计划。明年及以后的业绩除了可以依靠新的房地产项目之外,有看头的是与泰国最大购物广场合作打造的购物广场及与Hilton打造的酒店,可以为IBHD带来稳定的recurring income。

最令人鼓舞的是,Hill10才推出一个月就获得70%的认购率,算是很不错的成绩了。笔者在上个季度已表明Hill10房产的发展总值虽小,可是是尤为重要的指标,这证明现在开始智慧家居是有市场的。

http://wesharenwetrade.blogspot.my/2017/07/ibhd-4251.html

anicca

337 posts

Posted by anicca > 2017-07-27 09:38 | Report Abuse

dividend received! another rebound is expected to be soon

SmartyAlek

885 posts

Posted by SmartyAlek > 2017-07-27 11:56 | Report Abuse

3% dividend yield. not bad

darkstar

589 posts

Posted by darkstar > 2017-07-27 13:06 | Report Abuse

Dividend received

anicca

337 posts

Posted by anicca > 2017-08-01 08:56 | Report Abuse

why drop so much even after excellent result...haish

darkstar

589 posts

Posted by darkstar > 2017-08-05 12:21 | Report Abuse

I-city蜡像馆2 15日开幕·100“名人”与公众见面
2017-08-04 Sinchew

Jun Yi Lim

432 posts

Posted by Jun Yi Lim > 2017-08-06 09:22 | Report Abuse

Anicca, darkstar you both are long term holding ibhd share, but ibhd has no buyers despite good result. There are many better stock in Bursa which keep increasing price.

anicca

337 posts

Posted by anicca > 2017-08-06 22:31 | Report Abuse

:(:(

darkstar

589 posts

Posted by darkstar > 2017-08-07 11:51 | Report Abuse

it's ok Junyi, appreciate your concern, investment takes time anyway.

shpg22

2,984 posts

Posted by shpg22 > 2017-08-07 21:41 | Report Abuse

IBHD is easily the most undervalue property developer in Msia. No worry, it will go up.

darkstar

589 posts

Posted by darkstar > 2017-08-08 19:28 | Report Abuse

Agree with @shpg22

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