IGB BERHAD

KLSE (MYR): IGBB (5606)

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Last Price

2.38

Today's Change

0.00 (0.00%)

Day's Change

2.38 - 2.40

Trading Volume

34,300

Financial
Market Cap

Market Cap

3,232 Million

NOSH

1,358 Million

Latest Quarter

Latest Quarter

31-Dec-2023 [#4]

Announcement Date

29-Feb-2024

Next Quarter

31-Mar-2024

Est. Ann. Date

29-May-2024

Est. Ann. Due Date

30-May-2024

QoQ | YoY

47.80% | 357.02%

T4Q Result

Revenue | NP to SH

1,596,933.000 | 311,911.000

RPS | P/RPS

117.58 Cent | 2.02

EPS | P/E | EY

22.97 Cent | 10.36 | 9.65%

DPS | DY | Payout %

6.96 Cent | 2.92% | 30.30%

NAPS | P/NAPS

2.96 | 0.80

QoQ | YoY

27.36% | 96.03%

NP Margin | ROE

31.37% | 7.75%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Latest Audited Result

Latest Audited Result

31-Dec-2022

Announcement Date

05-May-2023

Next Audited Result

31-Dec-2023

Est. Ann. Date

05-May-2024

Est. Ann. Due Date

28-Jun-2024

Annual (Unaudited)

Revenue | NP to SH

1,596,933.000 | 311,911.000

RPS | P/RPS

117.58 Cent | 2.02

EPS | P/E | EY

22.97 Cent | 10.36 | 9.65%

DPS | DY | Payout %

6.96 Cent | 2.92% | 30.29%

NAPS | P/NAPS

2.96 | 0.80

YoY

96.03%

NP Margin | ROE

31.37% | 7.75%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Annualized Result

Revenue | NP to SH

1,596,933.000 | 311,911.000

RPS | P/RPS

117.58 Cent | 2.02

EPS | P/E | EY

22.97 Cent | 10.36 | 9.65%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

3.45% | 96.03%

NP Margin | ROE

31.37% | 7.75%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 2 / 4 50.00% 2 / 8 25.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted EPS Growth 1 / 4 25.00% 1 / 8 12.50%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 1.96% 1.51%
Average Net Profit Margin 31.43% 28.74%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 2 / 5 40.00% 2 / 10 20.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Profit Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Adjusted EPS Growth 1 / 5 20.00% 1 / 10 10.00%
Total Dividend Years 5 / 5 100.00% 9 / 10 90.00%
Continuous Quarters Of Dividend 5 / 5 100.00% 9 / 10 90.00%
Continuous Quarters Of Dividend Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 5 20.00% 1 / 10 10.00%
Average ROE 4.46% 5.36%
Average Net Profit Margin 23.52% 26.48%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 1,596,933 1,596,933 1,596,933 1,260,791 1,255,469
NP to SH 311,911 311,911 311,911 167,786 170,157
Dividend 94,500 94,477 94,477 37,837 65,704
Adjusted EPS 22.97 22.97 22.97 12.35 12.53
Adjusted DPS 6.96 6.96 6.96 2.79 4.84

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 7.20% 10.53% 23.67% 6.09% 17.31%
NP to Owner 47.80% 357.02% 96.03% 9.99% 45.67%
Dividend 0.00% 0.00% 108.70% 0.00% 0.00%
Adjusted EPS 47.80% 357.02% 96.03% 9.99% 45.67%
Adjusted DPS 0.00% 0.00% 108.70% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% 27.20% 26.66% 0.00% 27.20% 26.66% 23.67% 27.20% 26.66%
NP to Owner 0.00% 83.31% 85.90% 0.00% 83.31% 85.90% 96.03% 83.31% 85.90%
Dividend 0.02% 43.83% 149.75% 0.00% 43.79% 149.69% 108.70% 43.79% 149.69%
Adjusted EPS 0.00% 83.31% 85.90% 0.00% 83.31% 85.90% 96.03% 83.31% 85.90%
Adjusted DPS 0.02% 43.83% 149.75% 0.00% 43.79% 149.69% 108.70% 43.79% 149.69%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
2 people like this. Showing 50 of 508 comments

SecretOne

Such a long announcement and you summarize it in 1 sentence. Thank you.

2021-06-01 15:25

shortinvestor77

You are welcome. Tauke-tauke all converted because of this good deal.
https://klse.i3investor.com/additionalListing/5606/01-Jun-2021/29157_2893064121.jsp

2021-06-01 15:29

shortinvestor77

And normal normal and possible special dividend declared in August.

2021-06-01 20:37

shortinvestor77

normal dividend

2021-06-02 10:05

SecretOne

Sorry, need to ask about the corporate action again. As a shareholder of IGBB, what do I need to do to accept the offer? Do I have to fill up any form to subscribe and pay for the shares offered to me?

2021-06-03 09:57

Money168

IGBC REIT issued 2,307M shares and RM 8.5M cash to IGBB for buying properties. Where the cash come from? (IGBC REIT only get RM378 + RM 282 = RM 660 cash after listing)

2021-06-03 10:45

SecretOne

So for every 1000 IGBB shares (assuming I bought it at RM2,800 prior to ex-date), I can buy 400 IGBREIT shares (by paying RM400). And by buying the 400 IGBREIT, I will get another 600 IGBREIT shares for free.

So my total cost is RM3,200


Effectively, I will end up with
a) 1000 IGBB shares (now valued at RM2.100)
b) 1000 IGBB REIT shares (now valued at RM1,700)

My total market value is now RM3,800. So I gained about 15% from this corporate action???

2021-06-03 14:36

AlfI3

Doubt IGB cReits wud hav similar prc w Igbreits. As d former is very much less popular than d latter, oso d former is an entirely new listing vehicles, no proper listed track records b referred thus far.

All based on forecasts & implications

2021-06-04 07:07

Kensington

The acceptance offer form for the ROFS of this Commercial REIT can only be delivered manually only - unlike others like rights issue, DRP etc which can be done online where purchase of bank draft and revenue stamp could be dispense with.

2021-06-10 16:03

AlfI3

Thx for d efforts, v r in digitalised era; y still talking abt physical application? Sounded like create difficulties to investors, so the comp can absorb those whom had given up

2021-06-11 05:24

Kensington

I have emailed my dissatisfaction over the above matter to IGBB Investor Relations Enquiries and cc a copy of the email to the General Manager of Bursa Malaysia to look into this issue.

2021-06-11 16:06

Kensington

Good news. There was immediate response from Bursa2U : " ....we have escalated the email to our department for their further action. The Exchange will initiate all necessary enforcement actions should there be any breach of Listing Requirements",

2021-06-11 17:06

AlfI3

@Kensington, many thx for d efforts made & feedback. Nevertheless, if d comp not providing e-applicatns, this doesn't mean d comp had breached d listing requirements rite.

As it doesn't govern by bursa to offer this e-applicatn facility as a 'compulsory' option to investor. Probably Bursa juz reply to ease our angers ony

Pardon me for my shallow view if it is

2021-06-13 18:46

GreenCapital

IGB has now offered online subscriptions (email + payment via internet banking. Need to make the paying account is the shareholder).

2021-06-14 21:55

GreenCapital

IGB berhad braves the rough and tough market for office real estates. I believe it says something about the underlying asset quality. There is no retail IPO but only through the current routes (buy 2 free 3) for retail investors, perhaps fearing of under subscriptions? I believe eventually the big part will be offered to EPF and KWAP, both are the current major shareholders of sister REIT, IGBREIT.

2021-06-14 22:03

GreenCapital

The future road map for IGB points to this. They will finally list their final part in their portfolio -- hotel assets --as REIT too, may be after 5 years from now. Eventually the parent IGBB itself will be delisted. There is little merits to be listed as such an illiquid stock. What is special about IGBB is that almost all of their assets are of top quality, including the precious land they own in London.

2021-06-14 22:09

GreenCapital

Hi, you can check the announcement on Bursa. Stock code 5299. Thanks.

2021-06-15 09:31

GreenCapital

Here you hv

2021-06-15 09:32

AlfI3

Cool...! Finally, v can apply via digital instead of d usual physical handing overs or postal

2021-06-18 06:20

yyllyy88

Hi, am newbie here.. may I ask means if we are not IGBB shareholders, we can’t apply correct? there will Not be IPO for retails investor to apply?

2021-06-18 13:45

Money168

IGBC REIT cannot apply excess shares? sad for my odd lot

2021-06-22 01:50

AlfI3

Wonder y extension of ipo closing dare caused its mkt prc heading south immediately

2021-07-05 01:16

Bgt 9963

Post removed.Why?

2021-07-05 07:35

Money168

walao, I already make payment. now, just realized the subscription date has been extended.

2021-07-05 10:57

AlfI3

Ony a little dividen being announced, but share prc dropped so much.... Indicating dissatisfied emotions to d board decision???

2021-07-27 07:54

Bgt 9963

Post removed.Why?

2021-07-27 08:32

kisord

Hopefully IGB Bhd will wake up in 2022.

2021-12-31 10:51

shortinvestor77

Potential privatisation for IGBB.

2021-12-31 21:28

kisord

Might as well since IGBB is worth more dead than alive. It will cut short the agony of the long suffering minorities.

2022-01-02 18:41

shortinvestor77

Thank you.

2022-08-12 14:15

dragon328

No need thanks. Do not expect IGBB to surge up suddenly, it is not a goreng stock. It is a fundamentally sound company with deep values and strong cashflows. Sooner or later the market will realise its value.

2022-08-14 10:52

dragon328

Potential catalysts are:
1) a strong set of quarterly result in 2 weeks time and a decent interim dividend plus a special dividend using part of the proceeds from the UK land disposal.
2) receipt of remaining disposal proceeds from the proposed disposal of UK land for RM550 million. In its Q4FY2021 result, IGBB received a total of RM338.569 million from disposal of a joint venture. It is not clear to me if this disposal of joint venture refers to the 50% joint venture in the UK Bkackfair land. If it is, there should be a remaining disposal proceed of RM211.4 million to be received by IGBB. Even half of this remaining proceeds is to be declared as special dividend, we could expect a special dividend of at least 10 sen per share.

3) Continued strong footfalls to IGBB shopping malls to support rental revision and higher occupancy rate in its Mid Valley Southkey Mall in JB. These would bring the timing of injection of Mid Valley Southkey into IGB REIT closer to fruition once IGBB achieves the required valuation for Mid Valley Southkey injection.

4) Continued rebounds in its hotel business to achieve back steady high occupancy rates and potential creation of a new hospitality REIT to house all its hotels

5) Successful development and commercialisation of its new quality office buildings North Tower and South Tower at Mid Valley Southkey and potential injection into IGB Commercial REIT

6) Successful launch of 18@Medini quality housing project in Johor

7) Any plan for development of new Mid Valley megamall brand in other states

2022-08-14 11:13

hoesong

grab ticket now

2022-08-19 10:16

hoesong

grab ticket now

2022-08-19 10:16

dragon328

Company share buyback gains more tractions, it only shows that the management also sees that its company share price is very much undervalued.

2022-08-20 14:23

dashengyong82

IGB Bhd has appointed Tan Boon Lee as group chief executive officer (CEO), succeeding Datuk Seri Robert Tan Chung Meng effective Jan 1, 2023.

Robert will remain with IGB in the role of non-independent non-executive director to facilitate the change in leadership during the transition.

Boon Lee, who is currently the deputy group CEO, holds a Bachelor of Economics from Monash University, Australia, and a Master in Business Administration from Cranfield School of Management, United Kingdom.

2022-11-30 16:53

dashengyong82

After the privatisation of IGB on March 16, 2018, Boon Lee was appointed deputy group CEO of IGB on June 1, 2018 and alternate to Robert on the board on Aug 30, 2018.

In addition, Tan Mei Sian, the current head of group strategy and risk will assume the role of deputy group CEO. She will remain as alternate director to Tan Lei Cheng.

2022-11-30 16:53

dragon328

quietly going up to RM2.70. Love it!

2023-03-13 15:16

dragon328

broke up 3.00!!

2023-03-30 16:31

goldenhope

Up continuously for 10 days!

2023-03-31 10:17

goldenhope

Dispose Midvalley Southkey to IGB Reit ?

2023-03-31 10:18

dragon328

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

2023-03-31 14:29

dragon328

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

2023-04-02 16:01

i4value

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.

2023-07-08 10:26

Teo Cher Ming

7 sen dividend before Christmas

2023-11-28 23:43

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