Posted by Win188 > 2015-11-23 11:08 | Report Abuse

when the quarter result will come out? tq

Posted by chabalang > 2015-11-25 22:48 | Report Abuse

win188: out today (25/11). The key issue with IGB: is it a "value trap"? A lot boils down to whether the major s/h (Tan family) wants to share the 'true value' of the group with minority shareholders or not (related to corporate governance). Current mkt sentiment is unfavourable to property counters, but IGB is more an investment properties holding company than a property developer.

Posted by fast > 2015-11-26 16:43 | Report Abuse

TP: RM4.8 http://klse.i3investor.com/servlets/staticfile/273580.jsp

Posted by Win188 > 2015-11-30 17:01 | Report Abuse

why suddenly drop so much today?

Posted by Win188 > 2015-11-30 17:41 | Report Abuse

hopefully Goldis can offer higher price to take over IGB as IGB's NTA at least 3.50...

Posted by GenghisHoe > 2015-12-01 07:15 | Report Abuse

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Posted by Win188 > 2015-12-01 17:00 | Report Abuse

hopefully IGB can go up above 2.80 in near term...

Posted by Win188 > 2015-12-02 20:03 | Report Abuse

when fund managers will push up IGB?

Posted by chabalang > 2015-12-02 22:16 | Report Abuse

@Win188: 2.80??? Unlikely in the near term (unless another GO or a significant investment property divestment). IGB is more a 'waiting game' stock...if you expect short-term significant gains, be prepared to be disappointed. Based on share price of 2.30, dividend yield of 4.3% (assuming 10 sen p.a.) or 3.3% (assuming 7.5 sen p.a.) -> relatively decent yield for waiting.

Posted by Win188 > 2015-12-06 00:05 | Report Abuse

why not IGB rewards shareholders by distribute treasury shares to shareholders since IGB got 26mil of treasury shares?

Posted by Win188 > 2015-12-17 22:26 | Report Abuse

when IGB will wake up move upwards again?

Posted by Win188 > 2015-12-23 22:11 | Report Abuse

when IGB will move upwards again?

Posted by shareprofit > 2016-01-06 22:07 | Report Abuse

if i got a million, i'd buy all in this counter...something bound to happen

Posted by Win188 > 2016-01-09 10:02 | Report Abuse

shareprofit...can elaborate more about something bound to happen in IGB?
thank you

Posted by fast > 2016-01-11 08:22 | Report Abuse

From Public research report: "IGB is hopeful that its London project will be unveiled by 2H2015. The mixed project is said to have RM4.2bn in GDV. As for its 5.8-acre project in Bangkok, Thailand, the Group has plans to develop 2 blocks at this juncture with RM800 GDV. As for hotels, the Group added 1,139 rooms with the opening of 210-room Cititel Express Ipoh, 234-room Cititel Express Penang, 415-room St Giles Wembley Penang and 280-room The Tank Stream St Giles Premier in Sydney, Australia."

Posted by fast > 2016-01-18 08:11 | Report Abuse

Dividend per share RM0.15, current price RM2.29, dividend yield 6.6%

Posted by Win188 > 2016-01-22 20:32 | Report Abuse

IGB so boring....it doesn't move at all, no matter market up or down.....

Posted by Win188 > 2016-01-23 13:03 | Report Abuse

Good....TP RM4.80
http://klse.i3investor.com/blogs/sin_chew_hot_stocks/90300.jsp

Posted by Win188 > 2016-01-23 13:04 | Report Abuse

Good....TP RM4.80
http://klse.i3investor.com/blogs/PublicInvest/90260.jsp

Posted by Win188 > 2016-02-15 22:26 | Report Abuse

when IGB quarter report will coming out?

Posted by Win188 > 2016-02-16 10:37 | Report Abuse

when IGB quarter report will coming out?

Posted by Win188 > 2016-02-18 16:15 | Report Abuse

when IGB quarterly report will coming out?

Posted by Win188 > 2016-02-18 16:15 | Report Abuse

tq

Posted by Win188 > 2016-02-18 16:37 | Report Abuse

blia mahu goreng IGB?

Posted by char1234 > 2016-02-22 16:05 | Report Abuse

try ewein....growth company

Posted by chabalang > 2016-02-23 12:14 | Report Abuse

@win188: 4Q15 is supposed to be out later this evening. IGB is not a 'goreng' stock...it is a waiting game. If you want 'goreng' ones, just go for the top 10 volume stocks.

Posted by ms001118 > 2016-03-21 15:19 | Report Abuse

QR just out last month right?

Posted by RainT > 2016-12-19 00:31 | Report Abuse

March 2016 until now
No investor comment.....really tak laku this REIT

Posted by sharkinsider > 2017-02-23 18:14 | Report Abuse

Gogogo

Posted by 860000 > 2017-02-24 09:14 | Report Abuse

RM3 coming

Posted by newbie_Investor > 2017-02-24 09:16 | Report Abuse

sold. thanks IGB!

Posted by 860000 > 2017-02-24 09:28 | Report Abuse

you sold too early wor

Posted by cy91 > 2017-02-24 09:50 | Report Abuse

wtfff happened today???

Posted by 860000 > 2017-02-24 10:10 | Report Abuse

Goldis offers to buy rest of IGB for RM3 a share
Posted on 24 February 2017 - 05:38am
sunbiz@thesundaily.com
Print
PETALING JAYA: Private equity investment house Goldis Bhd yesterday offered to pay IGB Corp Bhd shareholders RM3 a share, in either cash or a combination of cash and shares in Goldis, in a bid to delist IGB and make it a wholly owned subsidiary.

The offer is a 19% premium to IGB’s share price which last traded at RM2.52 yesterday, while Goldis’ illiquid shares closed unchanged at RM2.50 apiece.

Goldis said the move is to eliminate its holding company discount on IGB.
IGB is currently a 73.43%-owned subsidiary of Goldis.

Goldis explained the strategic initiative will provide it with greater liberty to plan and decide on the strategic and business directions of IGB, and therefore increase its investments in a profitable group.

Moreover, both Goldis and IGB are currently required to comply with the listing obligations prescribed by Bursa Malaysia Securities for listed issuers, representing an overlap of administrative efforts and costs.

The proposed delisting of IGB arising from the proposed scheme is expected to eliminate such overlap, dispense with expenses in maintaining the listing status of IGB and redivert resources towards its core business.

Goldis detailed three options available to shareholders of IGB – cash; 30% cash + 70% Goldis shares; or 20% cash + 80% new redeemable convertible preference shares of Goldis. Shareholders with less than 100 IGB shares will be offered cash only.

Goldis plans to rename itself IGB Bhd, which stands for Ipoh Goldis Bersatu, should the scheme go through.

Goldis made a fourth quarter ended Dec 31, 2016 net profit attributable to owners of the parent of RM16.289 million compared with RM28.23 million for the corresponding quarter in 2015 on higher administrative expenses. This was on lower revenue of RM312.19 million, for the quarter compared with RM314.76 million previously.

Net profit attributable to owners of the parent for the full year ended Dec 31, 2016, however, was higher at RM165.03 million, compared with RM109.11 million for the same period in 2015. This was despite revenue for the period being lower at RM1.26 billion, compared with RM1.28 billion for the same period in the year before.

Posted by Valueseeker > 2017-02-24 11:01 | Report Abuse

Any chance of a upward revision in offer price ?

Posted by 860000 > 2017-02-24 11:32 | Report Abuse

IGB obviously worth more than RM3 but Goldis already holding quite high % of IGB. Seems quite easy to privatise IGB for Goldis

Posted by cheoky > 2017-02-24 15:42 | Report Abuse

with march 5cents, it like offer for 305cents right?

Posted by 860000 > 2017-02-24 15:50 | Report Abuse

yes. supposed to be so

Posted by sjwee3 > 2017-02-24 17:13 | Report Abuse

Sai Lang!!!!!

Posted by nikicheong > 2017-02-25 00:45 | Report Abuse

So is RM3 final, or more possible? What if stock price hits RM3.5?

Posted by kenkenliew > 2017-02-27 10:54 | Report Abuse

"Goldis, the controlling shareholder of IGB, is launching another takeover bid for the remaining shares of IGB that effectively prices IGB at RM3.00 per share. To recap, Goldis’ first attempt was back in 2014 whereby the previous offer price was RM2.88. The new bid offers c.19% premium to the last closing price. Again, we still believe the company is grossly undervalued and reckon the offer price, which is at 56% discount of our RNAV estimate, is not attractive. All told, we maintain our Outperform call and RM4.80 TP for now, which is based on 30% discount to our RNAV estimate."

Posted by kenkenliew > 2017-02-27 11:00 | Report Abuse

怡保花园（IGB，1597，主板产业组）2016财政年末季业绩符合市场预期，股价也随之走高6仙至2令吉49仙。

大众研究认为，该公司有望从今年1月脱售的万丽酒店（Renaissance Kuala Lumpur Hotel）中获益8500万令吉，因此，上调2017财政年财测37%。

大众指出，怡保花园有多个项目在进行中，包括料于今年杪在伦敦推介的综合产业项目、尚在探索设计，位于泰国曼谷的项目、等待市场恢复的18 Medini、料2018下半年亮相的柔州南部谷中城（Mid-Valley Southkey）广场等。

此外，预计今年4月完成的谷中城南塔也已寻获主要租户。

大众研究维持怡保花园“跑赢大市”评级，及维持4令吉80仙目标价不变。

Posted by Yangzheng96 > 2017-03-09 11:27 | Report Abuse

Any update news so far? Is IGB going to deliberate it?

Posted by invest_101 > 2017-03-09 12:05 | Report Abuse

The boards of Goldis and Igb are in substance the same hence I can't see why it would not be accepted. Logically this proposal would have been "deliberated" before the announcement.

It now rests on the scheme shareholder to vote and my guess is that it stands a good chance in view of the options given instead of just a straight cash offer at Rm3. Those that see value in IGB higher than RM3 can opt for Goldis shares which will be renamed IGB after the excercise, assuming it goes through.

Posted by danny123 > 2017-03-09 12:15 | Report Abuse

publicinvest research says d offer price rm3 , is at 56% discount to the research house revalued net asset valuation (rnav) estimate of rm 6.88- so d offer is not attractive.
pl read march 6 theedge malaysia

Posted by danny123 > 2017-03-09 12:15 | Report Abuse

full write up, must read......

Posted by Yangzheng96 > 2017-03-10 10:05 | Report Abuse

Thanks for the comments. By the way, any platform can get the first hand news for IGB?

Posted by 860000 > 2017-03-10 15:41 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=1597

Posted by 860000 > 2017-03-14 15:55 | Report Abuse

to be frank, i think RM3 is a good sell... If wanna continue invest in the company, can buy goldis easily

Posted by magus > 2017-03-16 10:52 | Report Abuse

how is rm3 a good sell if it represents more than 50% discount to IGB's rnav estimate as indicated? the regulators should put in place some mechanisms to prevent this kind of unfair practice by major shareholders seeking to buy assets at prices way below the assets' actual worth just because the minority shareholders are apparently powerless to do anything about it.