Posted by dragon328 > 2024-07-24 21:00 | Report Abuse

Technically if the share price drops below RM1.80, it will have given up all gains YTD. It may paint a head-and-shoulder pattern with the right shoulder at around RM1.80. Below this, it will crash further down towards RM1.00 level, I guess. Don't take my words here, as I said I am not expert in charting.

FUndamentally, if the share price can drop below RM1.80, it implies that serious investors will have exited the stock and most think the company's prospects are turning negative, something really bad may be going to happen soon.

This is entirely possible, as looking at the share price movements in past few weeks and the inaction of IOIPG management, I think the IOIPG major shareholders and management do not care much about the company share price. They just do whatever they like and whatever they want for themselves and for the company, without taking care of minority shareholders' interests. They just want to make sure the company is doing okay with the new projects they propose, have enough cashflows to acquire the various assets announced recently, and have enough money to pay their fat salary or directors' fees. They need not worry about minority shareholders' interests, as long as they can carry on with their day-to-day business and take home good salary at the end of each month.

Posted by dragon328 > 2024-07-24 21:03 | Report Abuse

I start to wonder if IOIPG management's attitude is indeed like what I described above, why not just take the company private? Then they would be able to play any game they want, without any minority shareholders' objection.

Posted by paktua73 > 2024-07-25 07:44 |

Post removed.Why?

Posted by stockpicker888 > 2024-07-25 11:53 | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,000,000 shares on 19-Jul-2024.

Posted by dragon328 > 2024-07-25 12:43 | Report Abuse

It is good to see EPF continue buying IOIPG shares after a short break.

But who is selling big these few days? Can anyone have any clue why the sell off is so heavy pressing the share price to multi-month low?

Posted by raymondroy > 2024-07-25 12:50 | Report Abuse

@dragon328 ..... your wish may actually come true, if management which is also major shareholder wants to take ioipg private, they will have little consideration to share price stability, as the lower it goes its works in their favour when offering MTO price... anyway market sentiment is bad and effecting all counters not only ioipg, so not fair to evaluate the price at this point, i thot there was good support at 2.18-2.20

Posted by dragon328 > 2024-07-25 14:46 | Report Abuse

@raymondroy, thanks for the comforting words.

But just feeling bad for fellow investors who bought in after my Buy call and the share price started sliding down non-stop.

Myself is ok to withstand such short term price downtrend as I intend to hold it for years, but some fellow investors may have cut loss if their investment horizon is short term

Posted by dragon328 > 2024-07-25 14:47 | Report Abuse

Looks like syndicates are quite determined to press down the share price to RM2.00 then RM1.80 for whatever reason. Just need to hold on through the rough ride, I believe we shall see clear sky ahead.

Posted by dragon328 > 2024-07-25 15:16 | Report Abuse

Anyway it is not my wish for IOIPG major shareholders to take IOIPG private, just to make it clear. I want to invest in this company and ride on its growth for many years to come.

While it made sense for them to take it private, but I do not think they would do it.

The selldown in recent days could be done by certain syndicates or parties trying to press down the share price, and frustrate minority shareholders who will then go and vote down the Shenton House proposal in the EGM later.

It is just my wild guess, true or not, only time will tell. But it does not bother me as I will just hold on and ride through these few months of volatility. I believe at the end of the day, common sense prevails and fundamentals speak louder than any short term plays. IOIPG will see its bright day eventually as strong earnings growth kicks in.

Posted by newbie9893 > 2024-07-25 15:31 | Report Abuse

Looks like support at 2.00 is breaking soon...sell & run

Posted by invest8912 > 2024-07-25 15:33 | Report Abuse

The market gave it a middle finger regarding RPT. Ask yourself a simple question, if you get a project that can generate huge profit, would you share it with all the ikan bilis ?

Posted by dragon328 > 2024-07-25 16:00 | Report Abuse

Yes that is the general sentiment towards RPT. IOIPG management should take note of such negative sentiment from the investment public and do the necessary to convince minority shareholders of the merits of the proposal.

Anyway disgruntled shareholders can just go and debate with IOIPG management at the EGM on the merits or disadvantages, and vote down the proposal if still not convinced by the management explanation.

Posted by dragon328 > 2024-07-25 16:01 | Report Abuse

I think the sentiment will be different and positive if the share price jumps above RM2.50 by the time the EGM is held. Until then, we just hold on.

Posted by dragon328 > 2024-07-25 16:31 | Report Abuse

IOIPG is on cheap sale now, with share price almost 10% cheaper than the price when I first recommended it.

With Shenton House parked under IOIPG and with Marina View Residences and IOICB start contributing earnings from 2025, IOIPG is on track to triple its net profit from currently RM800m in FY2024 to over RM2.4 billion by FY2026.

IOIPG is trading at prospective PER of just 4.6x FY2026 earnings and 4.2x FY2027 earnings. Buy!

Posted by dragon328 > 2024-07-25 16:50 | Report Abuse

Big sell down last minute, should be by foreign funds. Will know it tomorrow.

Posted by troy88 > 2024-07-25 17:14 | Report Abuse

wow, what happened to this stock? IBs gave such high TP but drop like no tomorrow. GG

Posted by raymondroy > 2024-07-25 17:32 | Report Abuse

@dragon328 ..... you are not at any fault at any point, you merely expressed your honest opinion using existing data and analytics.... its just unfortunate that the RPT came up and if you recall i also wrote a "scathing" review on the whole RPT act (which was a little extreme on my side as well), and now they have bought a loss making mall (tropicana) with very little commentary on the purpose, reason and how they plan to turn it around ...... LOL so how ... hang in there, cheers buddy

Posted by sg999 > 2024-07-25 19:57 | Report Abuse

The selling is done by FF fund, you may refer to bursa report.
Support is broken on today, next support at 1.7

Posted by dragon328 > 2024-07-25 20:05 | Report Abuse

@sg999, I cannot find the relevant report on IOIPG trading details in the link you provided above. Can you please provide a more specific link or extract out the relevant data? Thanks

Posted by dragon328 > 2024-07-25 20:05 | Report Abuse

Otherwise, I will have to wait till tomorrow morning to see the summary report from HL

Posted by dragon328 > 2024-07-26 08:54 | Report Abuse

HL data shows that foreign funds turned net buyers of IOIPG yesterday with a net purchase of RM7 million, while local funds became the net sellers with sale of RM8 million worth of IOIPG shares.

Interesting.

Posted by cantona762 > 2024-07-26 09:24 | Report Abuse

dragon328, where to see this info? ok to share?

Posted by newbie9893 > 2024-07-26 09:45 | Report Abuse

Price drop everyday till mother also cannot recognise...better kasih LD today

Posted by dragon328 > 2024-07-26 09:46 | Report Abuse

I got the data from HL daily update messages via whatsapp.

I still cannot find the daily fund flows data in Bursa website, though @sg999 has sent me a link to Bursa that shows the weekly fund flows data.

Posted by dragon328 > 2024-07-26 09:48 | Report Abuse

Ya it is disheartening to see IOIPG share price dropping everyday non-stop.

But now I don't bother much about who is selling or why they are selling, I just fall back to fundamentals. As long as the fundamentals of the company have not changed to the worse, I will continue to accumulate the stock. Better now when somebody else makes the effort to depress the share price for us to collect cheaper.

Posted by dragon328 > 2024-07-26 09:59 | Report Abuse

I remember during the long rally of YTL Power share price, there were a few bumps along the way:

1) YTLP share price surged to a high of RM0.83 in April 2022 only for it to drop back to RM0.60 in June 2022

2) It rallied up to RM1.33 in May 2023 then got sold down heavily in June 2023 to RM1.15 due to the news of Singapore implementing Temporary Price Cap from July 23

3) It then rallied up to a high of RM2.20 in Aug 2023 then got sold down to RM1.80 in Oct 2023 for no obvious reason

4) It rallied up strongly in Jan 2024 to a high of RM4.24 and then dropped heavily to a low of RM3.50 in early March 2024

5) It further surged to a high of RM5.48 in May 2024 only to drop back to RM4.61 in June 2024

Some of the selldown was with no obvious reason, at least the reason remains unknown to me till now. So I will not speculate further who is selling IOIPG recently, as I will never know it exactly. Foreign funds sold some IOIPG some RM15m worth of IOIPG last week only to buy back some RM7m yesterday, so nobody knows how they will play it out.

Posted by dragon328 > 2024-07-26 10:00 | Report Abuse

But to those short term traders or those investors with limited capital left to average down, the falling share price is devastating. You may want to adopt some form of cut loss strategy.

Posted by dragon328 > 2024-07-26 10:04 | Report Abuse

I am pretty relaxed now and won't look at it every moment, will buy more when it hits some temporary bottom.

Posted by Permutation > 2024-07-26 12:17 | Report Abuse

@dragon328, Am I right to say that chartwise, the counter is now pretty bearish if not shitty. The counter is expected to trend lower/ side way in the short term before it gets better?? yes, the fundamental is still intact. Perhaps if one takes a 2-3 year time horizon, like you said, will see your return double or more.

Posted by cantona762 > 2024-07-26 12:28 | Report Abuse

yeah. depends on your own strategy and holding power.

Posted by dragon328 > 2024-07-26 14:28 | Report Abuse

@Permutation, I am not good at reading technical charts, but purely looking at the short term chart with MACD still in the 38th day of dead cross, the short term chart indeed looks bearish.

But any bearish chart may change to bullish if the stock price stages a strong rebound like >10% in a day or 20%-30% within a week. I have no crystal ball to foretell when the chart will turn bullish.

I am more towards a fundamental investor, my strategy is always buy on weakness and add more when the share price goes lower than my initial purchase price, as long as the company fundamentals remain intact.

Posted by dragon328 > 2024-07-26 14:30 | Report Abuse

And do not forget a stock chart can be easily manipulated if the volume is not big enough.

A shortie can dump the share price to a level just to make the chart to send out a SELL signal, and the opposite is true.

Posted by stockpicker888 > 2024-07-26 14:37 | Report Abuse

@dragon328 if a rise in share price is not supported by its fundamentals, any gain would only be short term (unsustainable run); vice versa.

Posted by stockpicker888 > 2024-07-26 14:38 | Report Abuse

BTW, collected some at 1.97 today. All the best for those who stayed.

Posted by Permutation > 2024-07-26 15:13 | Report Abuse

@dragon, TQ

Posted by Eagle77 > 2024-07-27 09:14 | Report Abuse

Next week 1.80 ⬇️⬇️⬇️🩸🩸🩸

Posted by raymondroy > 2024-07-27 20:15 | Report Abuse

5 up on friday positive sign indeed..... fundamentals intact thats the key (note : ignore eagle.... where ever he goes he is pessimistic, with no substance and data haish.... bottom feeder :)

Posted by Eagle77 > 2024-08-03 09:08 | Report Abuse

1.50 coming ⬇️⬇️⬇️🩸🩸🩸

Posted by goody99 > 2024-08-05 10:41 | Report Abuse

too bad it does not drop as severe as others

Posted by bullrun2025 > 2024-08-05 16:43 | Report Abuse

@dragon328, what is the strategy now

Posted by dragon328 > 2024-08-05 17:06 | Report Abuse

The selling today and last Friday was done by foreign funds due to fears of a US recession coming and escalating conflicts in the Middle East. Intelligent reports suggest that Iran will strike on Israel as early as today itself, this to me is the biggest uncertainty right now.

The fear of US recession is not my biggest concern as there have already been signs that US economy is in a bad shape. While this may have big impact on US/regional stock markets and currency movements, I do not expect it to have any serious impact on IOIPG's business operations and its earnings prospects.

As I can see some foreign funds were selling on IOIPG (net sell of RM8m last Friday, today could be more), I will stay defensive and will accumulate more towards RM1.80 which is the lowest level of the year and the lowest entry cost of foreign funds.

Posted by dragon328 > 2024-08-05 17:08 | Report Abuse

As the deadline looms for IOIPG to hold an EGM to vote on the Shenton House proposal (by end Oct 2024), the management should have appointed an independent advisor to prepare a feasibility study report for minority shareholders to consider on the Shenton House proposal. I will wait for that report to be out and the date of EGM to be fixed to decide on next moves.

Posted by kkl123 > 2024-08-09 10:18 | Report Abuse

Wake up IOI P
I sold simeprop. to support you here.

Posted by kkl123 > 2024-08-09 10:18 | Report Abuse

Wake up IOI P
I sold simeprop. to support you here.

Posted by dragon328 > 2024-08-09 13:58 | Report Abuse

HLIB raises tp for IOIPG to RM3.60 today. Nice

Posted by Zazzyy > 2024-08-09 14:07 | Report Abuse

2PiCk bird appear just a black crow. don’t bother just chirping .

Posted by bullvestor > 2024-08-09 15:51 | Report Abuse

Why is it cheap

Posted by goody99 > 2024-08-10 10:13 | Report Abuse

刘镇东：柔新若能合作好，就能带动大马第二次经济起飞
https://www.youtube.com/watch?v=p1DH-OOV4Cg

In the video, he also mentions what the government is trying to do:
- raising wages
- encouraging women to work to increase family income
- welfare reform to cope with aging society

Posted by mineduit44 > 2024-08-11 01:42 | Report Abuse

IOI Properties’ high gearing may swell with Shenton House project; shares down though analysts stay bullish.😔

Posted by dragon328 > 2024-08-11 14:01 | Report Abuse

IOIPG has no issue of high gearing, it is more like certain parties' bad mouthing of the company's success in IOI Resorts City and Singapore CBD projects.

Assuming IOIPG acquires a 100% stake in Shenton 101, the acquisition cost would amount to SGD1.01bn, while net gearing is estimated to increase to 88.8% from 73.3% as at 31 Mar 2024. While there are persistent concerns among investors on the elevated net gearing level of IOIPG, I think investors should not be overly concerned about this. Firstly, IOIPG is expected to recognize substantial revaluation gains upon the completion of IOI Central Boulevard in September 2024, which should lower its net gearing. For instance, if IOICB is valued at the minimum SGD5.0 billion, IOIPG would book in a revaluation gain of SGD1.0 billion which will increase shareholders’ funds and reduce the net gearing ratio to 77% from 88.8%. A revaluation to SGD6.0 billion would lower the net gearing to 68%. Secondly, the group’s property investment and hotel assets are strong cash flow generators, which should help to service interest and debt repayments. For 9M FY2024, IOIPG registered almost RM250 million of segmental profits for its Property Investment segment. Added back depreciation charges of about RM50m, operating cashflows generated from Property Investment amounts to RM300m in 9 months, annualized to RM400 million. When IOICB is completed and tenanted out, potential gross rental income may top SGD200 million a year. Therefore, total rental income from investment properties may top RM1.0 billion a year.