Posted by Victor Yong > 2019-10-30 16:49 | Report Abuse

oversold.... ioiprop has projects in china, spore, etc... rental income from malls, etc... quite balance, not just a property developer, :)

Recent Prices
Date Open Range Close Change Volume
29/10/2019 1.06 1.03 - 1.07 1.03 -0.02 (1.90%) 4,648,200
25/10/2019 1.05 1.04 - 1.06 1.05 0.00 (0.00%) 1,627,300
24/10/2019 1.06 1.04 - 1.08 1.05 -0.02 (1.87%) 4,495,300
23/10/2019 1.07 1.05 - 1.09 1.07 0.00 (0.00%) 4,337,800
22/10/2019 1.08 1.06 - 1.09 1.07 -0.01 (0.93%) 3,403,600
21/10/2019 1.08 1.04 - 1.09 1.08 0.00 (0.00%) 2,455,200
18/10/2019 1.10 1.08 - 1.12 1.08 -0.02 (1.82%) 6,337,500
17/10/2019 1.11 1.10 - 1.12 1.10 0.00 (0.00%) 4,196,800
16/10/2019 1.14 1.10 - 1.15 1.10 -0.03 (2.65%) 4,124,900
15/10/2019 1.14 1.13 - 1.15 1.13 -0.01 (0.88%) 2,114,700
14/10/2019 1.14 1.13 - 1.15 1.14 +0.01 (0.88%) 1,240,200
11/10/2019 1.14 1.13 - 1.14 1.13 0.00 (0.00%) 399,700
10/10/2019 1.13 1.12 - 1.14 1.13 0.00 (0.00%) 920,000
09/10/2019 1.14 1.12 - 1.14 1.13 -0.01 (0.88%) 2,395,800
08/10/2019 1.14 1.13 - 1.15 1.14 0.00 (0.00%) 726,200
07/10/2019 1.14 1.13 - 1.15 1.14 0.00 (0.00%) 1,575,100
04/10/2019 1.15 1.13 - 1.16 1.14 0.00 (0.00%) 1,810,300
03/10/2019 1.13 1.12 - 1.15 1.14 0.00 (0.00%) 1,414,000
02/10/2019 1.15 1.14 - 1.15 1.14 -0.01 (0.87%) 449,300

Posted by Victor Yong > 2019-10-30 16:50 | Report Abuse

buy when other people are fearful... after Q3 results, next month, surely rebound :)

Posted by Good123 > 2019-10-30 21:43 | Report Abuse

Property Development

IOIPG is responsible for the successful development of comprehensive self-contained suburban townships along the high-growth corridors in Klang Valley, Penang Island and Southern Johor in Malaysia. Emerging townships in Bangi, Sepang and Bahau, Negeri Sembilan are currently being planned to cater to rising demand in these prime locations.

IOIPG established its presence in Singapore's property market in 2007. It has ventured into five property developments in the country comprising high-end residential developments and integrated mixed developments. Among them are the luxury condominium developments of Seascape and Cape Royale in Sentosa Cove and the award-winning South Beach project.

In 2010, IOIPG ventured into property development in China. It has embarked on two mixed property developments, namely the IOI Park Bay and IOI Palm City in Xiamen, Fujian Province of the People’s Republic of China. 























Property Investment

IOIPG’s property investment portfolio comprises mainly retail and office space totalling approximately 242,000 square metres of net lettable space (“NLA”). Among its principal investment properties are IOI City Mall (in IOI Resort City, Putrajaya), IOI Malls (in Puchong, Selangor and Kulai, Johor Bahru), One and Two IOI Square (in IOI Resort City, Putrajaya), Puchong Financial Corporate Centre and IOI Boulevard in Puchong, Selangor.

Leisure and Hospitality



On the leisure and hospitality front, IOIPG owns and manages prestigious hotels, shopping malls, golf courses and office blocks in Malaysia. The award-winning five-star Putrajaya Marriott Hotel

Posted by Good123 > 2019-10-30 21:43 | Report Abuse

Property Investment

IOIPG’s property investment portfolio comprises mainly retail and office space totalling approximately 242,000 square metres of net lettable space (“NLA”). Among its principal investment properties are IOI City Mall (in IOI Resort City, Putrajaya), IOI Malls (in Puchong, Selangor and Kulai, Johor Bahru), One and Two IOI Square (in IOI Resort City, Putrajaya), Puchong Financial Corporate Centre and IOI Boulevard in Puchong, Selangor.

Posted by Good123 > 2019-10-30 21:44 | Report Abuse

On the leisure and hospitality front, IOIPG owns and manages prestigious hotels, shopping malls, golf courses and office blocks in Malaysia. The award-winning five-star Putrajaya Marriott Hotel

Posted by Good123 > 2019-10-30 21:44 | Report Abuse

IOI Properties Group Berhad (“IOIPG”) is one of Malaysia’s leading public-listed property developers. It has built a solid reputation as the esteemed property arm of IOI Group prior to its successful listing onto the Main Board of Malaysian Stock Exchange on 15 January 2014.

Today, IOIPG is renowned as one of the largest property companies in the country with a proven track record spanning more than three decades in the property development industry. Its principal activities include property development, property investment, leisure and hospitality. It has successfully developed sustainable townships in sought-after regions of Klang Valley and Johor in Malaysia while embarking on property developments in Singapore and the People’s Republic of China. IOIPG currently has a total of 10,000 acres of landbank in Malaysia and abroad.

As a socially-responsible property developer, IOIPG’s high rise investment buildings are designed to meet the Green Building Index (“GBI”) or are Green Mark-certified. It adopts the ISO 9001:2015 standards for its property developments and all ongoing projects are built to achieve a Quality Assessment System in Construction (“QLASSIC”) score of not less than 70% (minimum scores varies for different property type).

A strong testament to its quality excellence, IOIPG is consistently ranked among the top developers in Asia and bestowed numerous accolades by leading publications and organisations such as FIABCI, BCI Asia, The Edge Malaysia, Asia Pacific Property Awards, and the Building and Construction Authority (“BCA”) in Singapore.

Posted by Good123 > 2019-10-30 21:46 | Report Abuse

Date: 30/08/2019 

Source : HLGStock : IOIPG     Price Target : 2.04     |     Price Call : BUY    Last Price : 1.03     |     Upside/Downside :   1.01 (98.06%) Back

IOIPG’s FY19 core PATMI of RM640.5m (-5.1% YoY) were below expectations largely due to higher than expected effective tax rate. New sales of RM548.7m in 4Q19 brings FY19 total sales to RM1.9bn, which is in line with management’s sales target of RM1.8bn-RM2bn. We understand that over RMB7bn worth of GDV are expected to be launched over the next three years to sustain profit moving forward. We lower our FY20/21 forecasts by 9.2%/8.1%, respectively and maintain our BUY call with a lower TP of RM2.04 (from RM2.25), based on a higher discount at 45% (from 40%) discount to RNAV of RM3.70

Below expectations. IOIPG reported 4QFY19 core PATMI of RM111m (-35.2% QoQ, -41.6% YoY), which brings the FY19 sum to RM 640.5m (-5.1% YoY). This formed 88% of our and consensus full year forecasts. The results were below expectations largely due to higher than expected effective tax rate.

Dividends. Declared interim dividend of 3.0 (4Q18: 5.0) sen per share, going ex on the 17 Sep 2019.

QoQ. Revenue remained relatively flat at RM497.8m ( 2.1%) while core PATMI decreased -41.6% to RM111m. The decrease in core PATMI is largely attributed to lower contributions from the share of JVs (recognition of South Beach Residences in Singapore in the preceding quarter) coupled with a higher effective tax rate.

YoY. Core PATMI fell -41.6% in tandem with revenue (-26.1%) coupled with higher effective tax rate.

YTD. Revenue decreased -21.2% to RM2,211.7m (from RM2131.4m) due to lower contributions from overseas operations i.e. The Trilinq in Singapore. However, core PATMI decreased by only -5.1% from higher JV contributions from the South Beach project back in 1Q19.

New sales of RM548.7m in 4Q19 brings FY19 total sales to RM1.9bn, which is in line with management’s sales target of RM1.8bn-RM2bn. FY19 sales composition was made out of 58% Malaysian, 39% China, 3% Singapore. FY20 sales target will be known in 1Q20 but we reckon that it will likely be flat. Unbilled sales stood at RM609.7m, representing a thin cover ratio of 0.28x. However, we note that this has not included the sales to be recognised from the Xiamen projects.

Xiamen, China. We understand that over RMB7bn worth of GDV are expected to be launched over the next three years to sustain profit moving forward. Management is targeting to launch projects worth c.RMB2.9bn in FY20.

Outlook. Despite the thin unbilled sales cover ratio, FY20 earnings should be anchored by projects from China with further potential launches. However, we note that launches moving forward in the Malaysian market will likely be of lower margins as the property market remains soft.

Forecast. We lower our FY20/21 forecasts by 9.2%/8.1% respectively as we impute slower launches alongside a lower margin product mix moving forward.

Maintain BUY with a lower TP of RM2.04 (from RM2.25), based on a higher discount at 45% (from 40%) discount to RNAV of RM3.70 to reflect the change in our forecasts and planned launches moving forward. Nonetheless, IOIPG remains a deep value stock with huge land bank and investment properties on the back of attractive P/B at 0.3x (industry average of 0.7x), reinforced by the its maturing investment properties and a strong track record.

 

Source: Hong Leong Investment Bank Research - 30 Aug 2019

Posted by Good123 > 2019-10-31 08:56 | Report Abuse

https://www.scmp.com/business/article/3035337/malaysia-wants-wealthy-hong-kong-mainland-china-investors-absorb-us89

Posted by Good123 > 2019-10-31 09:14 | Report Abuse

big rush to buy more :)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD

IOI PROPERTIES GROUP BERHAD
TypeAnnouncementSubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIODDescriptionIOI PROPERTIES GROUP BERHAD NOTIFICATION UNDER CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ON DEALINGS IN SECURITIES

We wish to announce that our Directors, Dato' Lee Yeow Chor and Lee Yeow Seng have given notices of their dealings in the securities (the "Dealings") of IOI Properties Group Berhad, through Vertical Capacity Sdn Bhd, pursuant to Paragraph 14.08 (d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

 

The details of the Dealings are set out in the attachment.

 

This announcement is dated 30 October 2019.

Posted by Good123 > 2019-10-31 09:16 | Report Abuse

buy more n more :)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

IOI PROPERTIES GROUP BERHAD

Particulars of substantial Securities Holder

NameVERTICAL CAPACITY SDN BHDAddressLevel 29, IOI City Tower 2, Lebuh IRC
IOI Resort City
Putrajaya
62502 Wilayah Persekutuan
Malaysia.Company No.404154-ANationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary Shares

Details of changes

NoDate of change

No of securities

Type of TransactionNature of Interest129 Oct 2019

1,000,000

AcquiredDirect InterestName of registered holderVertical Capacity Sdn BhdAddress of registered holderLevel 29, IOI City Tower 2, Lebuh IRC, IOI Resort City, 62502 Putrajaya, Wilayah Persekutuan (Putrajaya), MalaysiaDescription of "Others" Type of Transaction
Circumstances by reason of which change has occurredPurchase of shares in open marketNature of interestDirect InterestDirect (units)3,464,589,441Direct (%)62.922Indirect/deemed interest (units)0Indirect/deemed interest (%)0Total no of securities after change3,464,589,441Date of notice29 Oct 2019Date notice received by Listed Issuer30 Oct 2019


Remarks :Based on the total no. of shares with voting rights of 5,506,145,375 as at 29 October 2019.

Posted by Good123 > 2019-10-31 09:22 | Report Abuse

another privatisation for ioiprop? :)

IOI Properties’ RM1.87 bil relisting was 2014’s largest IPO

Kamarul Anwar

/

The Edge Malaysia


January 17, 2015 15:00 pm 08



-A A





THE relisting of IOI Corp Bhd’s property arm on Jan 15 provides both entities with separate platforms to pursue different growth and business strategies. It also gives greater visibility of the companies’ business performance.

Advertisement



IOI Properties Group Bhd was the first and largest of this year’s 14 listings, raising RM1.87 billion for IOI Corp through a restricted offer for sale.

IOI Properties did not issue new shares. It did not have to as it was not in need of cash. At the point of listing, it had a net gearing of only 0.05 times and a landbank of 10,000 acres — one of the largest among the listed developers — and a total market valuation of RM8.1 billion as appraised by independent valuers.

IOI Corp distributed 2.13 billion of its existing shares in IOI Properties to entitled IOI Corp shareholders on the basis of one IOI Properties share for three IOI Corp shares held. Then, IOI Corp offered to sell 1.07 billion IOI Properties shares for RM1.76 each to its shareholders on the basis of one-for-six shares.

With a reference price of RM2.51 per share, IOI Properties became the second largest property developer in terms of market capitalisation as the company was valued at RM8.13 billion upon its listing.

It seemed wise for IOI Corp to spin off its property assets to unlock the value of its property development arm. After being privatised by IOI Corp over four years ago, the property arm’s total assets had grown nearly three times to RM12.59 billion as at June 30, 2013, the full financial year before its listing.

IOI Properties reached a high of RM3.453 on listing day, a 37.6% premium to its reference price of RM2.51. However, the shares have averaged at RM2.52 since then. They ended last Wednesday at RM2.27, 9.6% lower than the reference price.

This was partly due to the softening property market that has soured investor sentiment on the sector. At the time of writing, IOI Properties’ market value was 9.92% lower than its IPO value of RM7.35 billion. Still, it managed to retain the second spot below SP Setia Bhd, which has a market capitalisation of RM8.22 billion.

AmInvestment Bank and RHB Investment Bank were the joint principal advisers and joint global coordinators for the IPO. Standard Chartered Securities (Singapore) Pte Ltd was also a joint global coordinator.

While analysts were optimistic about IOI Properties before the listing because of its clean balance sheet and wide operating margin, they seem to be lukewarm on the stock now. Currently, three out of eight analysts who cover it have a “buy” call while the others have a “hold”.

Its RM101.001 million net profit for 1QFY2015 ended Sept 30, 2014, was 9.06% lower than the previous corresponding quarter’s RM111.06 million. Revenue, however, increased 33.82% year-on-year to RM375.52 million.

The group said the lower profit was due to a decrease in results from associates and joint ventures, as well as higher net interest expense.

Recently, IOI Properties raised eyebrows when it sought to buy a 37.17% stake in Taipei Financial Center Corp, which owns Taipei 101. While the tower offers a decent yield of 5% and is nearly fully occupied, the RM2.74 billion price tag for the stake accounts for nearly a third of IOI Properties’ market capitalisation.

The group’s net gearing level will also increase from 0.16 times to 0.4 times, which is near the optimum threshold of 0.5 times for property developers. Taiwan’s politicians have also protested, saying that a foreigner would own a sizeable stake in the country’s landmark.

This article first appeared in The Edge Malaysia Weekly, on 22 - 28 December 2014.

Posted by Ncm88 > 2019-10-31 12:26 | Report Abuse

Of all properties group IoIpg is much stable

Posted by Good123 > 2019-10-31 12:41 | Report Abuse

in spore, china, got malls, rental income, quite geographically and segmentally diversified

Posted by Good123 > 2019-10-31 12:42 | Report Abuse

expecting it to be above 1.1 or 1.2 pretty soon , probably after Q3 results next month

Posted by Good123 > 2019-10-31 12:43 | Report Abuse

if the largest shareholder continues to buy more n more, share price will rise rapidly

Posted by Victor Yong > 2019-10-31 13:38 | Report Abuse

goodlah, largest shareholder buy more n more in stages continuously :)


Wednesday, 30 Oct 2019

5:24PM IOIPG DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:22PM IOIPG LEE YEOW CHOR (1,000,000 units Acquired)

5:22PM IOIPG VERTICAL CAPACITY SDN BHD (1,000,000 units Acquired)

5:22PM IOIPG LEE YEOW SENG (1,000,000 units Acquired)

5:22PM IOIPG LEE YEOW CHOR (1,000,000 units Acquired)

5:22PM IOIPG LEE YEOW SENG (1,000,000 units Acquired)


Friday, 25 Oct 2019

5:15PM IOIPG DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:14PM IOIPG LEE YEOW SENG (2,000,000 units Acquired)

5:14PM IOIPG VERTICAL CAPACITY SDN BHD (2,000,000 units Acquired)

5:14PM IOIPG LEE YEOW CHOR (2,000,000 units Acquired)

5:14PM IOIPG LEE YEOW CHOR (2,000,000 units Acquired)

5:14PM IOIPG LEE YEOW SENG (2,000,000 units Acquired)


Tuesday, 22 Oct 2019

5:52PM IOIPG DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

12:41PM IOIPG DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

12:38PM IOIPG VERTICAL CAPACITY SDN BHD (2,000,000 units Acquired)

12:37PM IOIPG LEE YEOW SENG (2,000,000 units Acquired)

12:37PM IOIPG LEE YEOW CHOR (2,000,000 units Acquired)

12:37PM IOIPG LEE YEOW CHOR (2,000,000 units Acquired)

12:37PM IOIPG LEE YEOW SENG (2,000,000 units Acquired)


Monday, 21 Oct 2019

12:57PM IOIPG DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)


Monday, 14 Oct 2019

5:30PM IOIPG DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:28PM IOIPG VERTICAL CAPACITY SDN BHD (500,000 units Acquired)

5:28PM IOIPG LEE YEOW SENG (500,000 units Acquired)

5:28PM IOIPG LEE YEOW CHOR (500,000 units Acquired)

5:28PM IOIPG LEE YEOW SENG (500,000 units Acquired)

5:28PM IOIPG LEE YEOW CHOR (500,000 units Acquired)


Friday, 4 Oct 2019

5:14PM IOIPG General Meetings: Notice of Meeting


Wednesday, 2 Oct 2019

5:30PM IOIPG DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:27PM IOIPG LEE YEOW CHOR (101,300 units Acquired)

5:27PM IOIPG LEE YEOW CHOR (101,300 units Acquired)

5:27PM IOIPG VERTICAL CAPACITY SDN BHD (101,300 units Acquired)

5:27PM IOIPG LEE YEOW SENG (101,300 units Acquired)

5:27PM IOIPG LEE YEOW SENG (101,300 units Acquired)

Posted by Victor Yong > 2019-10-31 13:39 | Report Abuse

recovering in price is expected with such a strong support from the largest shareholder or related parties. :)

30-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 1,000,000 shares on 29-Oct-2019.
30-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 1,000,000 shares on 29-Oct-2019.
30-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 1,000,000 shares on 29-Oct-2019.
30-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 1,000,000 shares at 1.045 on 29-Oct-2019.
30-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 1,000,000 shares at 1.045 on 29-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 1,000,000 shares on 24-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 500,000 shares on 23-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a substantial shareholder) acquired 500,000 shares on 22-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 1,000,000 shares on 24-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 500,000 shares on 23-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a substantial shareholder) acquired 500,000 shares on 22-Oct-2019.
25-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 1,000,000 shares on 24-Oct-2019.
25-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 500,000 shares on 23-Oct-2019.
25-Oct-2019 Insider VERTICAL CAPACITY SDN BHD (a substantial shareholder) acquired 500,000 shares on 22-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 1,000,000 shares at 1.055 on 24-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 500,000 shares at 1.060 on 23-Oct-2019.
25-Oct-2019 Insider MR LEE YEOW SENG (a company director) acquired 500,000 shares at 1.070 on 22-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 1,000,000 shares at 1.055 on 24-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 500,000 shares at 1.060 on 23-Oct-2019.
25-Oct-2019 Insider DATO' LEE YEOW CHOR (a company director) acquired 500,000 shares at 1.070 on 22-Oct-2019.

Posted by Victor Yong > 2019-10-31 13:40 | Report Abuse

better late than never, accumulate a bit :)

Posted by Ncm88 > 2019-10-31 13:54 | Report Abuse

Better than spsetia , spsetia high risk related to brexit. Ioipg smart money at China and Singapore

Posted by Good123 > 2019-11-01 09:10 | Report Abuse

https://www.klsescreener.com/v2/news/view/596722

Posted by Ncm88 > 2019-11-01 19:03 | Report Abuse

Oi good qhat happen to ur Mct ahhaha

Posted by Good123 > 2019-11-04 08:57 | Report Abuse

another ynh possible? INVESTORS who have held on to YNH Property Bhd shares over the years would be rejoicing at the unexpected rally in the counter over the last few months.

After sliding to a low of RM1.12 in March this year, the stock more than doubled between April and July to hit a 14-year high of RM2.80 on July 31.

But what has caused the rally in the property stock when many of its peers are currently in the doldrums?

To put things into perspective, YNH is trading at 67 times its 12-month historical price-to-earnings ratio (PER) and 1.46 times its net asset value of RM1.74 per share.

This compares with an average of 14 times PER or 0.5 times price-to-book of property companies listed on Bursa Malaysia.

The company’s high valuation has drawn attention because property stocks are not in favour, no thanks to the prolonged slowdown in the sector, with a recovery nowhere in sight. This is evident from the Kuala Lumpur Property Index (KLPRP), which is hovering at 2010 lows.

A random check on company filings of shareholding changes shows that from April 1 to Aug 31, YNH chairman Datuk Dr Yu Kuan Chon was actively trading the company’s shares almost daily.

Company filings show that Yu, who is the single largest shareholder, made 80 transactions, involving 59 million shares, during that period, eventually acquiring a net 1.97 million shares, or a 0.37% stake. As at Aug 16, he controlled 32.58% of YNH, company filings show.

Apart from YNH, it appears that Yu was also actively trading shares in two other listed companies — precision tools and moulds manufacturer Rapid Synergy Bhd where he is the largest shareholder, and agrochemicals manufacturer Imaspro Corp Bhd.

Between April and August, he sold a 10.75% stake in Rapid Synergy but bought a 19.26% stake for a net gain of 8.51%, raising his effective stake to 31.16% as at Aug 20.

At Imaspro, he bought 7.52% but sold 11.09% for a net reduction of 3.57%, reducing his effective stake in the company to 15.9% at end-August.

That said, Rapid Synergy and Imaspro did not see the strong rally that YNH experienced. Between April and August, Rapid Synergy’s share price rose only 2% to RM5.75 while that of Imaspro climbed 8.82% to RM2.18.

Back to YNH, the developer’s net profit for the six-month period ended June 30, 2019 (6MFY2019) grew 54.4% to RM12.8 million from RM8.29 million on lower cost of sales and operating expenses. However, its revenue dropped 18.4% to RM145.08 million, from RM177.78 million in the same period last year.

This came as YNH recognised profit from completed projects, namely Kiara 163 in Mont’ Kiara, a small office versatile office development, and Sfera Residency condominium in Seri Kembangan.

On its prospects, the group said it has a series of joint-venture projects in Kuala Lumpur and Perak that are currently in the planning stages.

YNH, which originated in Sitiawan, Perak, has ongoing projects mainly in its township development in Seri Manjung, Perak. About 70% of its 1,000-acre land bank worth RM1.08 billion is within the township.

But there are several interesting parcels that YNH has not capitalised on for some reason. This includes a 95-acre plot in Genting Highlands that it bought for around RM16 million nearly a decade ago.

The developer also owns a prime three-acre parcel in Jalan Sultan Ismail opposite the Concorde Hotel, which it acquired for around RM63 million. It had proposed to build Menara YNH on the site, worth RM2.1 billion in gross development value, about 10 years ago. However, the group has yet to secure the right partners for the project, although it signed a 2015 memorandum of understanding (MoU) with the Hilton group to manage a hotel there.

The proposed project had earlier attracted big names including Singapore’s CapitaLand Ltd and Kuwait Finance House Bhd, but they eventually pulled out.

Some observers estimate that the Genting and Jalan Sultan Ismail land parcels have a book value of about RM400 million each, but the sloping terrain in both locations would makie it a challenge to develop.

The rally in YNH shares seems to have started losing steam. The counter closed at RM2.57 last Thursday, a 8.21% decline from the peak of RM2.80 just over a month ago.

Given the big leap in its share price, YNH will have to work hard to justify the valuation.

Posted by Good123 > 2019-11-04 12:15 | Report Abuse

after results are released this month, 1.20 or above is expected... strong buyback by major shareholder and it's results is pretty solid too

Posted by Good123 > 2019-11-04 12:53 | Report Abuse

current price is too low, less than 1/3 of its net assets per share

Posted by Good123 > 2019-11-04 12:55 | Report Abuse

ioiprop is quite different, biz in Singapore n china plus steady income rental from malls, etc. hopefully, spin off its malls n related properties to create IOI REITs, share price will double like ynh or even higher :)

Posted by Victor Yong > 2019-11-04 13:26 | Report Abuse

Uptrend started today. 1.08 now :)

Date Close
01/11/2019 1.04
31/10/2019 1.04
30/10/2019 1.03
29/10/2019 1.03
25/10/2019 1.05
24/10/2019 1.05
23/10/2019 1.07
22/10/2019 1.07
21/10/2019 1.08
18/10/2019 1.08
17/10/2019 1.10
16/10/2019 1.10
15/10/2019 1.13
14/10/2019 1.14
11/10/2019 1.13
10/10/2019 1.13
09/10/2019 1.13
08/10/2019 1.14
07/10/2019 1.14

Posted by Victor Yong > 2019-11-04 13:28 | Report Abuse

Date Price Target Source News
30/08/2019 1.53 MIDF Price Target News
30/08/2019 1.65 KENANGA Price Target News
30/08/2019 2.04 HLG Price Target News
30/08/2019 1.89 AmInvest Price Target News
30/08/2019 1.82 Affin Hwang Capital

Posted by Good123 > 2019-11-04 13:47 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2141236.html

Posted by Ncm88 > 2019-11-04 13:56 | Report Abuse

If touch 1.13 will fly higher

Posted by Good123 > 2019-11-04 14:54 | Report Abuse

seriously undervalued. KUALA LUMPUR: Value has emerged in IOI Properties Bhd following the 15% to 20% drop in its share price over the last three months, says RHB research.

The research house upgraded the counter to buy from neutral with an unchanged target price of RM1.76.

In a note, it said it met with IOI Properties' management, which suggested that there was no material explanation for the fall in the share price.

The group's most recent launch in Xiamen 2 in December 2018 was over 80% sold. In FY19 so far, the group has launched over RM400mil of projects in China, which have been well received.

Meanwhile, management is looking to roll out the Xiamen 3 project in Xiang An in mid-2019 if the market is ready for the pricing and product. 

RHB added that the group stands to be a beneficiary of the ECRL line and potentially the High Speed Rail (HSR) project if revived.

"With about 700 acres of development land around IOI Resort City, we think IOI Properties is a prime beneficiary of the railway network that will have a stop at Putrajaya Sentral. 

"These are the ECRL, ERL, and MRT2 (Sungai Buloh-Serdang-Putrajaya line) that have already been allocated a stop at Putrajaya Sentral, which is 11-12 km away from the site," it said.

Assuming the HSR project is revived, the link could potentially have a stop at Putrajaya Sentral while IOI Properties owns more than 1,000 acres of land directly opposite the Ayer Keroh HSR station as per the original plan.

Near-term earnings growth should also be backed by IOI Properties' investment property assets, which make up over 20% of its total revenue, as compared to about 10% two years ago.

IOI Properties is currently constructing Phase 2 of IOI City Mall, which should have a net lettable area of one million sq ft to be completed in 2021/22. 

RHB added that the development's average rental has hit about RM10 psf compared to RM7.50-8 psf during its inception.

Posted by Good123 > 2019-11-04 14:55 | Report Abuse

PUCHONG: Buyers keen to see what IOI Properties has on offer can head to the IOI Properties Showcase, which will bring together all its latest residential and commercial development launches in the Klang Valley.

The developer will be bundling a package of incentives that gives buyers savings of up to RM333,000.

In conjunction with the Home Ownership Campaign 2019, IOI Properties will be offering a discount worth 10% of the purchase price for participating properties. The developer will also bear the legal fees for the sales and purchase agreement and the loan agreement, on top of additional rebates.

In addition, those placing a booking within September will be able to enjoy a reduced booking fee of RM1,000 and also stand a chance to win extra rebates worth RM50,000.

IOI LiVO members can redeem an RM5,000 voucher, or 1% of the property price, whichever is higher. Members - or their friends and family - can utilise the voucher in addition to the special rebate and other IOI Properties Showcase promotions.

The showcase will be held from Sept 27 to Sept 29 at IOI Mall Puchong.

Posted by Good123 > 2019-11-04 15:40 | Report Abuse

touched 1.10 already

Posted by Good123 > 2019-11-04 15:40 | Report Abuse

uptrend

Posted by Calvin882 > 2019-11-04 15:41 | Report Abuse

May have good news for property. Spsetia also actively going up

Posted by reach_rich > 2019-11-04 15:49 | Report Abuse

haha.... goreng up for AGM...

Posted by reach_rich > 2019-11-04 15:50 | Report Abuse

after then will drop back...

Posted by reach_rich > 2019-11-04 15:59 | Report Abuse

jangan kena tipu

Posted by Calvin882 > 2019-11-04 16:17 | Report Abuse

Don't think it's due to AGM bcos other property counters also shooting up

Posted by Good123 > 2019-11-05 08:06 | Report Abuse

easily 1.1 today, mark my word :)

Posted by Ncm88 > 2019-11-05 08:16 | Report Abuse

Aiyo how ur mct ? Come here steal my spotlight

Posted by Good123 > 2019-11-05 11:02 | Report Abuse

@Ncm, MCT is also rising , playing catch up

Posted by Good123 > 2019-11-05 11:03 | Report Abuse

ioip should be above 1.2 after its Q3 results are released, maybe, back to >1.2 b4 the announcement

Posted by Good123 > 2019-11-05 11:03 | Report Abuse

fun to watch the uptrend

Posted by Good123 > 2019-11-05 11:41 | Report Abuse

more to come :)

Posted by Good123 > 2019-11-05 11:43 | Report Abuse

cutting interest rate will boost buyers' interest and lower . developers' cost of borrowing. KUALA LUMPUR (Nov 5): Malaysia’s central bank is expected to keep interest rates unchanged Tuesday, with a few economists predicting more easing in coming months amid an uncertain global economy.

Of the 25 economists surveyed by Bloomberg, 16 are forecasting the benchmark rate to stay at 3% as the policy committee meets for the last time this year. Nine analysts project a 25 basis-point cut.

Bank Negara Malaysia was among the first central banks in Asia to ease borrowing costs this year, faced at that time with renewed escalation in trade tensions. It has since held pat after cutting rates by 25 basis points in May, while central banks across Asia from India to the Philippines have followed with a string of rate cuts to shore up their economies.

Analysts at Malayan Banking Bhd see Bank Negara on hold for the rest of 2019, given the government’s optimistic growth forecasts, an expansionary budget for 2020 and a deescalation in the trade war. Others, like Ahmad Nazmi Idrus at RHB Research Institute, see a rate cut in the first quarter of 2020 once FTSE Russell completes a review to determine whether Malaysian bonds should remain in its global index.

Here’s what to watch out for in the policy statement:

Faster Growth

Malaysia adjusted its growth forecast to 4.7% in 2019, from an earlier projection of 4.3% to 4.8%, after the economy bucked regional trends with a faster-than-expected expansion in the second quarter. The government’s even more optimistic about 2020, forecasting growth at 4.8%, supported by a boost in state spending, cash handouts and investment incentives.

What Bloomberg’s Economists Say
“We agree that Malaysia’s expansion may experience less damage to growth than regional peers. Even so, we see significant downside risks to these forecasts, given the escalation in US tariffs since May and much weaker prospects for global demand.” — Tamara Henderson, Asean economist

Weak Exports

Exports shrank in September by the most in three years as shipments of electronics and palm oil fell. That raised the odds of a rate cut, according to ING Groep NV’s Prakash Sakpal, who expects a 25 basis-point reduction on Tuesday.

“The electronic export vigor observed earlier in the year has ended,” he said in a note. “And with continued external headwinds, the downside growth risks are rising.”

The impact of higher tariffs has weighed on the global economy despite positive signs from the US-China trade talks. Malaysia’s own growth drivers, manufacturing and exports, will remain weak for at least another six to 12 months, analysts at Kenanga Research wrote in a note.

Low Inflation

Inflation has been muted. Consumer-price gains averaged 0.6% for the first nine months of the year, short of the country’s estimate for 0.9% for 2019 and 2% in 2020.

Falling transport costs helped by subsidized fuel costs have kept price pressures low, while the government seeks better ways to measure the cost of living in the country to bolster purchasing power.

“Moving forward, as we expect core inflation rate and other major macroeconomic indicators to remain stable, we opine no further change in monetary stance by BNM at this juncture,” analysts at MIDF Research wrote in a report.

Posted by Good123 > 2019-11-05 11:53 | Report Abuse

spsetia has risen more than 20sen from its lowest price, tak Kan ioip just few Sen higher than its lowest price

Posted by Good123 > 2019-11-05 11:53 | Report Abuse

hold your breath, don't sell too early even u r a trader

Posted by Good123 > 2019-11-05 11:54 | Report Abuse

tengok graph macam Judi, tengok fundamentals, terbaik

Posted by Ncm88 > 2019-11-05 12:33 | Report Abuse

Once break 1.13... fly higher

Posted by Vulture123 > 2019-11-05 13:24 | Report Abuse

Good buy at 1.03-1.06 level.