IOI PROPERTIES GROUP BERHAD

KLSE (MYR): IOIPG (5249)

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Last Price

2.25

Today's Change

-0.04 (1.75%)

Day's Change

2.24 - 2.29

Trading Volume

7,080,600

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
4 people like this. Showing 50 of 2,920 comments

chongwee

AGONG WANT MADANI MALAYSIA WANT JOHOR DEVELOPMENT WANT JOHOR GROWTH IN HIS HIGHNESS LEADERSHIP

2024-01-19 10:52

chongwee

SMART MONEY VERY SMART EXIT FROM GLOVES TO PROPERTY THEME ...EXSPECIALLY ISKANDAR JOHOR

2024-01-19 10:52

nikicheong

Any idea on the status of W Hotel transaction?

2024-01-19 11:48

wallstreetrookieNEW

Buying the dip

2024-01-23 15:08

wallstreetrookieNEW

IOI Properties project in Singapore will further boost earnings. IOI Properties is perhaps the worst developer since the company loves to use building materials of poor quality. This means more money for the shareholders.

2024-01-24 11:15

wallstreetrookieNEW

Singapore project -> Build houses using low-quality concrete and cement -> More $$$ for shareholders and mgmt -> Higher share price for everyone -> SUCCESS

2024-01-24 11:16

wallstreetrookieNEW

RM2.30 short term price target

2024-01-24 11:26

KingKKK

Property Sector - Pre-CNY Rally Leaders and Laggards? Discussion about E&O, SIMEPROP, UEMS, SPSETIA, SUNWAY, IOIPG, MAHSING and ECOWLD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-08-story-h-189225169-Property_Sector_Pre_CNY_Rally_Leaders_and_Laggards_Discussion_about_UEM

2024-02-08 13:17

yewnamhung

Coming soon TP: RM2.50. Mari mari

2024-02-19 11:30

tommypandaz

next monday rebound

2024-03-01 17:23

KingKKK

Property Sector (KingKKK) - Unveiling Potential Q1 Stars: SUNWAY, AVALAND, E&O, SIMEPROP, UEMS, SPSETIA, IOIPG, MAHSING and ECOWLD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-23-story-h-185587105-Property_Sector_KingKKK_Unveiling_Potential_Q1_Stars_SUNWAY_AVALAND_E_O

2024-03-24 10:34

dragon328

https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-05-08-story-h-181895661-Trading_Stocks_IOI_Properties_Group

IOIPG's strong fundamentals and explosive earnings growth from Singapore and hotel division will definitely push its share price to a breakup above RM2.36 very soon.

1 month ago

Jack888

IOIPG super trend now ....more to come hope so.

1 month ago

yewnamhung

Sui ! up up & go

1 month ago

dragon328

You guys should read Hong Leong research report on IOIPG if you want to know more on its potential earnings explosion in next 2-3 years.

Net profit is projected to exceed RM1.0 billion by FY2026.

1 month ago

dragon328

According to RHB research, IOIPG is the second largest land owner in Johor with 5,448 acres of land in Johor.

If we use the recent transaction prices of land in Johor recently, ranging from RM26 psf (KSL land acquisition of 183.33 acres at RM211.6 million on 30 April 2024) to RM138 psf (AME land disposal of 34.91 acres for RM209.8 million on 13 May 2024), IOIPG's 5488 acres of land in Johor is worth RM6.0 billion to RM33.0 billion.

If revalued, this would add a valuation of RM1.10 to RM6.00 per share to IOIPG.

1 month ago

ks55

Residential property in Kulai controlled by 2 developers. i.e. IOIP and Genting.

1 month ago

ks55

Land in Kulai is not that expensive compared with JB, Pulai, or Plentong. Fetch half the price only.

1 month ago

ks55

Building cost not much different from JB. Material and labour cost about the same. Find out how much houses selling in Kulai. Why so cheap? I don't have rocket science knowledge but I know why.

1 month ago

yewnamhung

Coming~~~ TP: RM 2.59

1 month ago

foresteri

sedenak build data center kulai near

1 month ago

Nadayu

Why dropped

4 weeks ago

Abcdefg123456789

@dragon328 where to check the hongleong research report ??

3 weeks ago

dragon328

@Abcdefg123456789, I can pm you the pdf file. You pm me first if you want.

3 weeks ago

Edison Cheah

Can pm to me for RHB report ? tq @dragon328

3 weeks ago

dragon328

Can't find you in i3 messenger, Edison Cheah.

you try to pm me then I will send you the pdf file

3 weeks ago

dragon328

IOIPG registered an excellent set of results for Q3 FY2024 with net profit of RM220 million, almost double of last year corresponding period.

Though this quarterly result was boosted by a land sale in Johor, but that was considered part and parcel of property development for IOIPG who still has some 5,448 acres of land in Johor.

3 weeks ago

Jaden993

Hi @dragon328 kindly send to me also regarding HLB report for ioipg

3 weeks ago

dragon328

@Jaden993, sent you the docs in i3 messenger

3 weeks ago

KingKKK

Bursa MAGNIFICENT 7 - Update for Jun 2024 - Discussion about PBA, YTL, YTLPOWER, TENAGA, UEMS, IOIPG and SUNWAY - (KingKKK)

https://klse1.i3investor.com/blogs/bestStocks/2024-06-02-story-h-160564341-Bursa_MAGNIFICENT_7_Update_for_Jun_2024_Discussion_about_PBA_YTL_YTLPOW.jsp

3 weeks ago

DreamGuardian

sounds like a good long term buy😸 and hold

3 weeks ago

NickelLee


IWCity (1589.KL) Biggest Laggard In Johor Property Boom

Over the weekend, The Edge Weekly featured a 200-pager Special Edition titled “JOHOR READY FOR THE BIG LEAP”. Johor since the middle of last year had been the hotbed of investment be it property counters and the involvement in Data Centre Theme. Share prices with exposure to Johor were sure hits for these 18 months. The main catalyst is none other than the sheer amount of FDIs pouring into the state. In addition to the big policy moves to formulate and execute business-friendly decisions in spearheading the state’s economic growth.


Quoting Datuk Ho Kay Tat (Publisher & Group CEO of The Edge)

Publisher’s Note [THE STARS MAY FINALLY BE ALIGNED FOR JOHOR]

“In 2006, Malaysia launched the Iskandar development project to try and push things forward for Johor, but progress has not been as good as hoped and one reason is because of the cool response from Singapore.

But this appears to have changed recently, and there is now bullish optimism in the air because of closer government-to-government cooperation that has enabled things to move. The collaborative construction of the Rapid Transit System Link (RTS Link) from Woodlands in Singapore to Bukit Chagar in the heart of Johor Bahru and the creation of the Johor-Singapore Special Economic Zone will be game changers.

Another factor is that Johor’s Sultan Ibrahim is now the King of Malaysia and His Majesty will definitely give an added push to make things happen sooner, rather than later

For Johor, the stars may finally be aligned”



In a RHB Report dated 13 May 2024 Titled [Real Estate - JS-SEZ: The New Chapter of Iskandar Malaysia] mentioned a list of major landowners in Iskandar Malaysia. Further extrapolating from the list, the table below shows the share price performances of these landowners.


Company Name / YTD-Performance

UEM Sunrise +35.7%
Sunway +65.1%
IOI Properties +37.5%
Mah Sing +125.6%
LBS Bina +16.7%
Ecoworld +47.2%
AME Elite +2.4%
KSL +57.3%
Scientex +13.3%
😲IWCity -0.6% 😲
Crescendo +53.1%
YTL Corp +90.1%
MPHB +53.8%

To many investors' surprise, IWCity is the only company that printed a negative return on share price with a meagre -0.6% contraction. The average YTD return for companies with land banks in Iskandar Malaysia Region was +49.8% and even more on a 1-Year measurement.

Surging property prices in Johor as seen from recent transactions with KSL, Paragon Globe, Crescendo and AME Elite are some of the anecdotal evidence that land prices are indeed moving up. Hence, one needs to take a closer look at IWCity as it lags behind its peers by a far margin. Hence, an opportunity for the late comers to catch up with very low downside risks.

https://klse.i3investor.com/web/blog/detail/IWCITY/2024-06-09-story-h-159762931-IWCity_1589_KL_Biggest_Laggard_In_Johor_Property_Boom

2 weeks ago

Nadayu

Coming

2 weeks ago

dragon328

Property companies which have landbank in Johor are seeing their shares being chased up today, after Eco World announced yesterday to dispose of some 124 acres of land in Pulai to Microsoft Payments for RM405m or RM75 psf.

Along with the recent disposal of another piece of land in Pulai by AME at RM138 psf, very obviously the land prices in JB around Pulai-Kulai area have appreciated by 200% to 300% in the past few months. This serves as a good reference for property companies to revalue their landbank assets in Johor.

IOIPG has about 5,488 acreas of land in Pulai, if revalued to latest transaction price of RM75 psf, it is worth some RM18 billion, and if revalued to the earlier transaction price of RM138 psf, it is worth RM33 billion. The holding cost of this land is very low for IOIPG, so any revaluation will give rise to substantial gain of RM17-32 billion or up to RM6.00 per share.

I think IOIPG may not need all of such large landbank in Pulai for property development, and may choose to dispose of part of it when the price is right. It may choose to dispose of say 300-500 acres every year and get back cash of RM1.3b to RM2.2 billion a year for the next few years. Total land disposal gains may amount to a whopping RM26 billion or RM4.80 per share in the next 10 years or so, still leaving over 1,000 acres of prime land for property development.

2 weeks ago

dragon328

UEMS just announced to dispose of some land in Iskandar at RM115 psf. Johor land is so hot now. Big landbank owners such as IOIPG are sitting on gold mine, may be slowly digging out (disposing of) some for cash in the ongoing gold rush (data centre craze).

2 weeks ago

dragon328

Crescendo announced to sell another piece of land in Pulai at about RM130 psf to a data centre developer. Hot, hot, it is getting hotter on Johor land.

IOIPG had under-estimated the huge potential of the Johor land earlier this year when it disposed off some 400 over acres of its land in Pulai to Eco World at just RM12 psf.

Eco World has since re-sold part of this land to a data centre developer at RM75 psf, making a cool gain of 600% in just 6 months.

I believe IOIPG should have noticed the huge potential of the land in Pulai, and may choose to dispose of part of the remaining 5,000+ acres of land in smaller parcels at prices near RM100 psf, given that Crescendo has disposed off 5 small parcels of land there in past few months at an average price of RM120 psf.

Progressive sale of parcels of land up to half of its landbank in Pulai, or 2,500 acres at average price of say RM100 psf would net a cool RM10.9 billion to IOIPG, or add a value of almost RM2.00 per share to IOIPG.

1 week ago

bullrun2025

Dragon, then what is the fair price for ioipg???

1 week ago

dragon328

@bullrun2025, based on Hong Leong report, the sum-of-parts valuation for IOIPG is as high as RM6.00 per share. There may be upside to this SOP if its completed IOI Central Boulevard in Singapore gets revalued next year when it secures more tenants.

Hong Leong attached a 45% holding company discount and gave a target price of RM3.30 to IOIPG.

To me, such a high holding company discount should be reduced progressively when IOIPG secures more tenants for IOI Central Boulevard, especially if they manage to inject it into a new REIT in Singapore at a valuation of over S$6.0 billion.

I am looking at a 20% discount to the SOP valuation, or a fair value of RM5.00 by 2025.

IOIPG is doing net profit of RM800m a year now, and should be able to achieve a net profit of RM1.1b in 2025 when half of the tenants secured for IOI Central Boulevard starts to contribute and over RM1.37b or EPS of 25 sen by 2026.

So I attach a PER of 20x to 2026 EPS of 25 sen to get a fair value of RM5.00.

1 week ago

bullrun2025

Tq dragon 328

1 week ago

sg999

Offer now....2.4 i believe is good buy

1 week ago

bullrun2025

What made u this stock good buy now

1 week ago

sg999

Something wrong????

6 days ago

bullrun2025

@dragon328, can we add ioipg at current price?

5 days ago

dragon328

@bullrun2025, I have been accumulating more IOIPG on weakness, but I think the technical chart looks not good, support seen at RM2.25-2.31.

Decision is yours whether to add more or when to add more.

5 days ago

bullrun2025

Ok tq dragon328

5 days ago

Abcdefg123456789

Streak down for 8 days will it rebound soon ?

1 day ago

dragon328

IOIPG is consolidating with directionless trading, as there is no news since the result announcement in May end. I have not seen foreign funds selling since they accumulated IOIPG shares in April-May 2024.

The outlook for the company is still bright, with immediate catalyst of the second batch of temporary occupancy certificate to be received for its Singapore IOI Central Boulevard in next few weeks.

1 day ago

Abcdefg123456789

@dragon328 what your view on the biggest land bank uems ?

11 hours ago

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