IGB BERHAD

KLSE (MYR): IGBB (5606)

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Last Price

2.69

Today's Change

+0.04 (1.51%)

Day's Change

2.67 - 2.69

Trading Volume

34,000


2 people like this.

510 comment(s). Last comment by kisord 1 month ago

dragon328

2,412 posts

Posted by dragon328 > 2023-03-13 15:16 | Report Abuse

quietly going up to RM2.70. Love it!

dragon328

2,412 posts

Posted by dragon328 > 2023-03-30 16:31 | Report Abuse

broke up 3.00!!

goldenhope

292 posts

Posted by goldenhope > 2023-03-31 10:17 | Report Abuse

Up continuously for 10 days!

goldenhope

292 posts

Posted by goldenhope > 2023-03-31 10:18 | Report Abuse

Dispose Midvalley Southkey to IGB Reit ?

dragon328

2,412 posts

Posted by dragon328 > 2023-03-31 14:29 | Report Abuse

goldenhope, it is possible as the timing is ripe for the injection as borders fully reopened and Southkey Mid Valley enjoys high occupancy rates now

dragon328

2,412 posts

Posted by dragon328 > 2023-04-02 16:01 | Report Abuse

some HSBC funds have been accumulating IGBB almost on daily basis to a stake of over 7% now, greatly undervalued stock that has attracted funds for long term investment

i4value

78 posts

Posted by i4value > 2023-07-08 10:26 | Report Abuse

If you are a long-term fundamental investor, you will realize that IGBB is underpriced as its assets are not going to be "written down". The Malaysian property sector is also turning around after Covid based on my analysis in my blog article "Will the Malaysian Property industry turn around by 2024?" All these point to positive news. Read my article if you want proof.

Posted by Teo Cher Ming > 2023-11-28 23:43 | Report Abuse

7 sen dividend before Christmas

Dehcomic01

325 posts

Posted by Dehcomic01 > 2024-05-23 09:28 | Report Abuse

Investors in Bursa Malaysia tend to look at earnings rather than assets. This does not make sense when you consider sectors such as utility and real estate where assets play a central role.
A case in point is Bursa IGB Berhad, a real estate group with investment properties, hospitality and property development activities.
It current trades at RM 2.49 vs its book value of RM 2.98 per share. The 2023 book value of its investment properties was stated as RM 3.9 billion. However, in the Notes to the Accounts, IGBB reported that the fair market value of its investment properties totalled RM 10.7 billion.
The realistic asset value is then not what is stated in its book, but has to include what is not captured. On such a basis the asset value should be more than RM 7 per share.
So why has the market not recognized this? This is because IBGG latest EPS is only RM 0.23. Of course, the market does not expect IGBB to sell off all the assets and return the money to shareholders. So the market ignores the value of the assets. But what if there are other ways to unlock the value of the assets? https://www.youtube.com/watch?v=SvLahVbOmjc

kisord

53 posts

Posted by kisord > 1 month ago | Report Abuse

I am really surprised that the share has very heavy volume traded yet its price hardly changed at all. Quite abnormal behavior.🤔

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