Posted by feifun > 2015-05-25 16:41 | Report Abuse

JV with Tropicana in Penang World City is doing well, construction work in progress

Posted by davidkkw79 > 2015-05-25 16:43 | Report Abuse

Holland stock same bugima as calvintan

Posted by impartiality > 2015-05-26 20:18 | Report Abuse

What has construction work got to do with good sales ? It is a norm for developers if there is no work going on at site then it is a red flag

Posted by KCGOH1234 > 2015-05-28 14:53 | Report Abuse

Lousy management Lousy Co

Posted by KCGOH1234 > 2015-05-28 14:53 | Report Abuse

Share Price lag behind has its reason. Fundamental flaws. KC

Posted by KCGOH1234 > 2015-05-28 14:54 | Report Abuse

And the owner - Low E Hock is a real real bustard samseng. KC

Posted by syariahcompliant > 2015-05-29 04:34 | Report Abuse

Pass.

Posted by Goodnews > 2015-05-30 00:18 | Report Abuse

feifun, what you said is true unlike impartiality whose only known stocks is Ivory yet all negative. I think he must be an employee sacked from Ivory.

Posted by Goodnews > 2015-05-30 00:18 | Report Abuse

Profit increase. Monday further up?
Latest EPS 1.76sen. Annualised is 7.04sen. If fair PE 10 TP 70sen.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4758765

Posted by impartiality > 2015-06-01 11:30 | Report Abuse

What good news ? They would have made a loss without the sale of their stake in aspen gross profit was negative and operations made a loss this profit is one off and analysts dont count . Only louzy amd desperate com keep selling assests

Posted by Devil86 > 2015-06-09 08:23 | Report Abuse

it time to wake up? holding to long... so many asset...

Posted by davidkkw79 > 2015-06-09 16:42 | Report Abuse

so many assets?? I thought so many debt ?!

Posted by KCGOH1234 > 2015-06-10 16:41 | Report Abuse

Debt > More than Market Cap, bro 1mdb... Low Eng Hock as dumb as Najis.

Posted by impartiality > 2015-06-10 17:32 |

Post removed.Why?

Posted by Ivory > 2015-07-14 03:35 | Report Abuse

Buyers keen on Penang properties
http://www.starproperty.my/index.php/articles/property-news/buyers-keen-on-penang-properties/

Posted by impartiality > 2015-09-02 15:31 | Report Abuse

haha another pathetic quarter strip out the one off gain from subsi disposal and normalized profit is a mere 300k

Posted by Ivory > 2015-09-03 11:30 | Report Abuse

Good QR(EPS 1.76sen). Now book construction sales(Penang World City) later can book property sales. Penang short of land so land price can only go up not down like share price. Mismatch in NTA and share price meaning good buy now. There is new substantial shareholder in Ivory meaning now Ivory very undervalued?

Posted by Ivory > 2015-09-08 21:16 | Report Abuse

RHB-OSK TP 40sen.
http://klse.i3investor.com/servlets/ptg/5175.jsp

Posted by Low_Eng_Hock > 2015-09-09 13:08 | Report Abuse

Bought today 35-35.5sen.

Posted by AYULcapitalist > 2015-09-09 13:33 | Report Abuse

is it uptrend?

Posted by Low_Eng_Hock > 2015-09-11 14:51 | Report Abuse

Yes. Bought today 35-36sen.

Posted by AYULcapitalist > Sep 9, 2015 01:33 PM | Report Abuse
is it uptrend?

Posted by ivory > 2015-09-21 11:22 | Report Abuse

Ivory Properties counting on Penang Times Square, WorldCity for better FY16
http://www.theedgemarkets.com/my/article/ivory-properties-counting-penang-times-square-worldcity-better-fy16

Posted by rman1 > 2015-09-22 10:53 | Report Abuse

Ivory will fly next, the financial is very good, don't miss the boat guys.

Posted by Ivory > 2015-09-24 23:59 | Report Abuse

Those who have bought below 35sen would have made money. Even Dato Low Eng Hock(multi millionaire) never sell any shares during recent downturn meaning nothing wrong with Ivory.

Posted by Ivory > 2015-09-28 10:15 | Report Abuse

Not everyone or company qualified for bank loan. The banks that give loan to Ivory must have assessed Ivory can pay back otherwise the banks will end up in bad debts or non-performing loan. Vast on Ivory bank loan is tied to buy land which has appreciated over time. Like individual who take up bank loan to buy property if house price going up we still can dispose for gain. Same thing for Ivory if they dispose land which they buy with loan they can reduce their bank loan by disposing their land for gain.

Perhaps retiree or jobless people not entitle for bank loan hence they say bank loan is bad.

Posted by Good_News > 2015-10-07 03:16 | Report Abuse

Tropicana Ivory project in Penang is selling well why Ivory so cheap?

Posted by LimFuWeng > 2015-10-20 22:12 | Report Abuse

Penang King of props.

Posted by ivory > 2015-10-23 10:39 | Report Abuse

Cold Eye bought before above 50 sen. Penang island property is still selling well due to limited land.

Posted by Good_News > 2015-10-31 16:28 | Report Abuse

Debt can be necessary for growth, especially when interest rates are low. With the current environment of low interest rates, companies should be borrowing. If they aren’t borrowing, I don’t think they are maximising shareholder value.
http://www.thestar.com.my/Business/Business-News/2015/10/31/Angs-strategy-on-investing-Growing-wealth/?style=biz

Posted by Ivory > 2015-11-01 19:21 | Report Abuse

Buy low and sell high is right way to make money.
Compare to Penang based developers eg Ivory is very cheap at 37sen compare to Hunza Property RM 2.79, E&O RM 1.59, GOB 59sen, Farlim 50sen and others.

Posted by Pissinghigh > 2015-11-02 00:02 | Report Abuse

Dead stock. After 5 yrs since IPO still dead

Posted by Pissinghigh > 2015-11-02 00:51 | Report Abuse

If it is hopeless it can go down to 10sen and be called undervalued but still no takers

Posted by ivory > 2015-11-02 13:04 | Report Abuse

TP 75 sen next 2 years. Wait for Penang World City to complete and Ivory sales will soar. Good buy now.

Posted by hng33 > 2015-11-03 15:20 | Report Abuse

Bought ivory at 37sen

Posted by hng33 > 2015-11-03 16:54 | Report Abuse

Land disposal for RM 150m.....Ivory stand to reap net gain EPS 8.35sen

Posted by hng33 > 2015-11-03 17:45 | Report Abuse

Looyee

Agreed, ivory never pay out dividend.....but ......earning start contribute positively, expecially Penang world city....more progress profit will be recorded gradually.

With these land disposal, ivory manage to monetize its land into CASH, pare down borrowing, improved balance sheet and strengthen it.

All in, at 37 sen, Ivory is value buy stock.

Posted by hng33 > 2015-11-04 09:22 | Report Abuse

Bought more ivory at 37sen

Posted by hng33 > 2015-11-04 10:02 | Report Abuse

Bought more Ivory at 37.5-38sen

Posted by hng33 > 2015-11-04 17:35 | Report Abuse

Closed at 38.5sen :D)

Posted by hng33 > 2015-11-05 11:10 | Report Abuse

Bought more Ivory at 37.5sen

Posted by hng33 > 2015-11-06 10:15 | Report Abuse

Ready...GOOOOOOOOOOOOOOOOOOOO

Posted by hng33 > 2015-11-06 11:24 | Report Abuse

Yessssssssssssss

Posted by Zamry Yahaya > 2015-11-06 11:49 | Report Abuse

ban2 lai....

Posted by hng33 > 2015-11-06 12:08 | Report Abuse

Sold off all at 40-40.5sen, realize handsome contra PROFIT

Posted by Ivory > 2015-11-06 14:45 | Report Abuse

One of few penny stocks ever bought by Cold Eye. Will he buy again?

Posted by Ivory > 2015-11-06 14:53 | Report Abuse

Latest QR EPS 1.82sen. If annualized EPS should be 7.28 sen. If fair PE 10 Ivory TP 73 sen.

Posted by hng33 > 2015-11-06 15:29 | Report Abuse

looyee

You are welcome, i have also sold off Uchitech today, all at 1.71, realize another quick handsome contra profit :D)

Posted by otai7111 > 2015-11-09 17:14 | Report Abuse

sold my wrt@10.5

Posted by Good_News > 2015-11-09 21:35 | Report Abuse

Ivory’s WorldCity reclamation works may begin in 2Q16
http://www.theedgeproperty.com.my/my/content/ivory’s-worldcity-reclamation-works-may-begin-2q16

Posted by Good_News > 2015-11-09 21:52 | Report Abuse

The Penang WorldCity project is expected to give a massive boost to Ivory Properties’ revenue in eight years, Goh said, contributing some RM5 billion to RM6 billion towards the group’s overall sales then. The Penang-based property developer on Oct 3, 2014 changed its financial year end from Dec 31 to March 31. Due to the year end change, the cumulative quarters for the current financial year consist of 15 months’ results beginning Jan 1, 2014 to March 31, 2015, which saw Ivory Properties posting a net profit of RM22.77 million on revenue of RM270.19 million.