IGB BERHAD

KLSE (MYR): IGBB (5606)

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Last Price

2.35

Today's Change

+0.03 (1.29%)

Day's Change

2.33 - 2.35

Trading Volume

8,300

Overview

Market Cap

2,128 Million

NOSH

905 Million

Avg Volume (4 weeks)

49,862

4 Weeks Range

2.22 - 2.37

4 Weeks Price Volatility (%)

86.67%

52 Weeks Range

1.85 - 2.85

52 Weeks Price Volatility (%)

50.00%

Previous Close

2.35

Open

2.33

Bid

2.34 x 1,700

Ask

2.36 x 6,000

Day's Range

2.33 - 2.35

Trading Volume

8,300

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#4] | 25-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 28-May-2022

T4Q P/E | EY

13.15 | 7.61%

T4Q DY | Payout %

7.11% | 93.41%

T4Q NAPS | P/NAPS

4.18 | 0.56

T4Q NP Margin | ROE

25.73% | 4.28%

Market Buzz
Company Profile

Sector: PROPERTY

Sector: PROPERTY

Subsector: PROPERTY

Subsector: PROPERTY

Description:

IGB Bhd, formerly known as Goldis Bhd was incorporated on June 1, 2000. The Company is an investment company with private equity investments in Malaysia and China. The Company is organised into five segments namely Property investment and management, Property development, Hotel, Construction and Investment holding.

Discussions
2 people like this. Showing 50 of 492 comments

ACD888

Rajuan, why happen? Never seen you soo upset

2020-11-27 14:54

Rajuan_Singh

ACD Ya, never thought IGB can be affected like that. Since MCO first lockdown in Mar till now is 3 quarters already. 2Q report already presented showing poor profit. Everyone can expect poor revenue but doubly poor profit is not acceptable for a seemingly good company. For a country 2Q decline is already recession. For a company, 2 Q decline with profit dropping double of revenue pointing to their ability of not adapting

2020-11-27 15:06

ACD888

Rajuan, then their business or IT need a revamp to more e type-business. Robinson also tutup. But i do agree the revenue vs profit drop too steep over 2quarter does suggest no meaningful action is done. They need to transform. Maybe a transformation team.

2020-11-27 15:48

ACD888

They need a dynamic team willing to explore technology not just BAU type of execution. Be like Tony Fernandez hahahaha. I am ordering every Thursday thru AA apps for free delivery

2020-11-27 15:50

Rajuan_Singh

Hopefully a dynamic team or IT to lead the charge. But I doubt it. 3Q already and dont see anything. Either you are good in acquiring ppls business or you are good at starting up. If you can do both is the best. damacai also already doing the DMC Go but dont see the rest trying.

2020-11-27 16:00

ACD888

Yeap yeap. Your disappointment of IGB is akin to those who believe US was to lead on handling pandemic base on report in 2016 but failed miserable. Hahaha hope i didn't over exaggerated

2020-11-27 16:11

hoesong

new project coming

2021-03-31 16:46

SpartanXoXo

does it mean this is going to be active again...soon?? hmmm

2021-04-13 10:30

Teo Cher Ming

Up up today

2021-04-14 12:41

AlfI3

No sign of activeness even Corp exercise of comReits is announced. Showing Reits sentiment no good & commercial rentals r generally on high risks.

Majority s/h take great advantage to let go dier ppties in 1 big goal to b taken up by d public which r mostly cash poor nowadays

2021-05-27 07:15

SecretOne

Can someone explain to me what the below mean? Sorry, trying to learn here.

RESTRICTED OFFERING OF UP TO 945,000,132 UNITS IN IGB COMMERCIAL REAL ESTATE INVESTMENT TRUST ("IGB COMMERCIAL REIT") ("UNITS") COMPRISING: (A) RESTRICTED OFFER FOR SALE OF UP TO 378,000,053 UNITS ("ROFS UNITS") ON A NON-RENOUNCEABLE BASIS TO ENTITLED SHAREHOLDERS OF IGB BERHAD ("IGB") ON THE BASIS OF TWO (2) ROFS UNITS FOR EVERY FIVE (5) ORDINARY SHARES IN IGB HELD ON THE ENTITLEMENT DATE AT THE PRICE OF RM1.00 PER ROFS UNIT; AND (B) DISTRIBUTION-IN-SPECIE OF UP TO 567,000,079 UNITS ("DIS UNITS") TO BE DISTRIBUTED ONLY TO ENTITLED SHAREHOLDERS OF IGB WHO HAVE SUBSCRIBED FOR THEIR ENTITLEMENTS TO THE ROFS UNITS ON THE BASIS OF THREE (3) DIS UNITS FOR EVERY TWO (2) ROFS UNITS SUBSCRIBED, ("RESTRICTED OFFERING").

2021-05-31 17:05

shortinvestor77

Say if you have 1000 units of IGBB before 3 June 2021, you are offered 1000 units of IGB Commercial Reit (new and will be listed in mainboard in August) for RM400. But for public offering, it will be RM1000 for 1000 units shares.Got it?

2021-06-01 10:46

shortinvestor77

Very good deal. Don't miss it.

2021-06-01 11:58

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_2...

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

James Yeo

Check out IBG Berhad and 6 other Interesting Stock Ideas here - https://www.smallcapasia.com/my-7-interesting-stock-ideas-for-november...

2021-11-15 08:56

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

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