Posted by 129055444514385 > 2019-08-29 22:14 | Report Abuse

With the sizeable land bank of the Group in strategic locations both in Malaysia and overseas, coupled with strong track
record in delivery, the Group is well-positioned to adapt to market conditions domestically and abroad. Barring any
unforeseen circumstances, the Group is expected to continue to deliver satisfactory performance in the coming quarters.

Posted by 129055444514385 > 2019-08-29 22:14 | Report Abuse

Sales from our residential developments in IOI Palm City, Xiamen and joint venture project, South Beach Residences in
Singapore have contributed positively to the results of the Group despite uncertainties in the global environment arising
from ongoing trade conflicts. Property development in China is anticipated to sustain its positive momentum as the Group
prepares for the launch of its residential developments in Xiamen with a total GDV of approximately RMB2.9 billion in the
coming financial year

Posted by 129055444514385 > 2019-08-29 22:15 | Report Abuse

On the home ground, the Group remains cautiously optimistic that the Home Ownership Campaign ("HOC") coupled with
aggressive marketing campaigns leveraging on both traditional and digital platforms would continue to draw positive sales
performance in the coming quarters. The recent launches of high rise residential projects in IOI Resort City and Warisan
Puteri have received good response

Posted by 129055444514385 > 2019-08-29 22:16 | Report Abuse

In its property investment segment, the Group's retail properties continue to enjoy healthy occupancy levels and good rental
yields, generating a steady stream of recurring income for the Group. The construction of the Central Boulevard
development in Singapore is progressing well.

Posted by 129055444514385 > 2019-08-29 22:18 | Report Abuse

good performance... impairment loss is a small culprit :)

The Group recorded revenue of RM2,197.5 million, which is RM471.2 million or 18% lower than the preceding year
corresponding period. This is mainly due to lower contribution from Singapore following the completion of The Trilinq in
the last financial year. In terms of sales, the Group recorded total sales of RM1.93 billion which is RM53.3 million higher
than the preceding year corresponding period. Higher sales in the current year is mainly contributed by sale of
development projects in IOI Palm City, PRC. For Malaysia operation, lower revenue is mainly due to lower projects
completion in the current year. The Group's PBT of RM1,067.3 million (after excluding foreign currency translation loss
on foreign denominated borrowings and deposits of RM31.9 million, fair value gain on investment properties of RM93.4
million and share of impairment loss of RM42.8 million in a joint venture's development property) in the current year to
date, which is RM162.0 million or 18% higher than the preceding year corresponding period of RM905.3 million (after
excluding the foreign currency translation gain on foreign denominated borrowings and deposits of RM29.5 million, fair
value gain on investment properties of RM160.7 million and share of impairment loss of RM79.9 million in a joint
venture's development property). Higher PBT is contributed by our development projects in PRC and higher share of
profit in joint ventures mainly arising from the sale of South Beach Residences in Singapore

Posted by 129055444514385 > 2019-08-29 22:19 | Report Abuse

surely, rebound rigorously tomorrow... better performance is the coming quaters... 3 sen dividend to be paid next month... :)

Posted by 129055444514385 > 2019-08-29 22:20 | Report Abuse

makan dividen dulu.. :)

Interim Dividend
IOI PROPERTIES GROUP BERHAD

EX-date 17 Sep 2019
Entitlement date 18 Sep 2019
Entitlement time 05:00 PM
Entitlement subject Interim Dividend
Entitlement description Interim single tier dividend of 3.0 sen per ordinary share
Period of interest payment to
Financial Year End 30 Jun 2019
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no Tricor Investor & Issuing House Services Sdn Bhd
Unit 32-01, Level 32, Tower A
Vertical Business Suite, Avenue 3
Bangsar South, No. 8, Jalan Kerinchi
59200 Kuala Lumpur
Tel: +60 3 2783 9299
Fax: +60 3 2783 9222
Payment date 27 Sep 2019
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 18 Sep 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 13 Sep 2019
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator Currency
Currency Malaysian Ringgit (MYR)
Entitlement in Currency 0.03
Par Value (if applicable) Malaysian Ringgit (MYR) 0.000


Announcement Info
Company Name IOI PROPERTIES GROUP BERHAD
Stock Name IOIPG
Date Announced 29 Aug 2019
Category Entitlement(Notice of Book Closure)
Reference Number ENT-01082019-00001

Posted by 129055444514385 > 2019-08-29 22:28 | Report Abuse

We understand that over RMB7bn worth of GDV are expected to be launched over the next three years to sustain profit moving forward. Management is targeting to launch projects worth c.RMB1bn in 4Q19.

Outlook. Despite the thin unbilled sales cover ratio, FY19 earnings should be anchored by projects from China with further potential launches. Besides, improving property investment and leisure and hospitality segments can be expected with higher occupancy rate and positive rental reversions for its malls and offices.

Posted by 129055444514385 > 2019-08-29 22:29 | Report Abuse

since april 2019, semua buy call saja :)

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
16/07/2019 1.35 1.89 +0.54 (40.00%) BUY AmInvest
11/06/2019 1.37 1.89 +0.52 (37.96%) BUY AmInvest
28/05/2019 1.22 1.65 +0.43 (35.25%) BUY MIDF
28/05/2019 1.22 1.65 +0.43 (35.25%) BUY KENANGA
28/05/2019 1.22 2.25 +1.03 (84.43%) BUY HLG
28/05/2019 1.22 1.89 +0.67 (54.92%) BUY AmInvest
28/05/2019 1.22 1.83 +0.61 (50.00%) BUY Affin Hwang Capital
02/04/2019 1.29 1.88 +0.59 (45.74%) BUY AmInvest

Posted by 129055444514385 > 2019-08-29 22:31 | Report Abuse

Recent Prices
Date Open Range Close Change Volume
30/08/2019 Up Up Up :)
29/08/2019 1.16
28/08/2019 1.17 1.17 - 1.18 1.18 +0.02 (1.72%) 418,300
27/08/2019 1.22 1.16 - 1.22 1.16 -0.06 (4.92%) 6,715,300
26/08/2019 1.22 1.21 - 1.22 1.22 -0.01 (0.81%) 2,033,400
23/08/2019 1.24 1.22 - 1.24 1.23 0.00 (0.00%) 1,088,500
22/08/2019 1.24 1.23 - 1.25 1.23 0.00 (0.00%) 1,207,300
21/08/2019 1.23 1.22 - 1.24 1.23 0.00 (0.00%) 1,086,200
20/08/2019 1.26 1.22 - 1.27 1.23 -0.02 (1.60%) 2,541,300
19/08/2019 1.29 1.25 - 1.29 1.25 -0.03 (2.34%) 1,394,500
16/08/2019 1.26 1.25 - 1.28 1.28 +0.03 (2.40%) 1,170,800
15/08/2019 1.24 1.24 - 1.26 1.25 -0.01 (0.79%) 685,300
14/08/2019 1.28 1.26 - 1.28 1.26 0.00 (0.00%) 3,170,700
13/08/2019 1.26 1.24 - 1.27 1.26 -0.01 (0.79%) 1,790,900
09/08/2019 1.26 1.25 - 1.28 1.27 +0.01 (0.79%) 966,900
08/08/2019 1.27 1.25 - 1.28 1.26 -0.01 (0.79%) 2,133,400
07/08/2019 1.27 1.25 - 1.28 1.27 0.00 (0.00%) 1,376,700
06/08/2019 1.25 1.22 - 1.28 1.27 +0.01 (0.79%) 2,103,300
05/08/2019 1.27 1.25 - 1.28 1.26 -0.01 (0.79%) 1,650,900
02/08/2019 1.27 1.26 - 1.28 1.27 0.00 (0.00%) 1,513,500
01/08/2019 1.26 1.26 - 1.29 1.27 +0.01 (0.79%) 2,394,600

Posted by Ncm88 > 2019-08-29 22:33 | Report Abuse

2% dividend so sad

Posted by 129055444514385 > 2019-08-29 22:35 | Report Abuse

Bagus.... 3sen interim dividend.... better than 1 sen from simeprop...



RHB added that the group stands to be a beneficiary of the ECRL line and potentially the High Speed Rail (HSR) project if revived.

"With about 700 acres of development land around IOI Resort City, we think IOI Properties is a prime beneficiary of the railway network that will have a stop at Putrajaya Sentral.

"These are the ECRL, ERL, and MRT2 (Sungai Buloh-Serdang-Putrajaya line) that have already been allocated a stop at Putrajaya Sentral, which is 11-12 km away from the site," it said.

Assuming the HSR project is revived, the link could potentially have a stop at Putrajaya Sentral while IOI Properties owns more than 1,000 acres of land directly opposite the Ayer Keroh HSR station as per the original plan.

Near-term earnings growth should also be backed by IOI Properties' investment property assets, which make up over 20% of its total revenue, as compared to about 10% two years ago.

IOI Properties is currently constructing Phase 2 of IOI City Mall, which should have a net lettable area of one million sq ft to be completed in 2021/22.

RHB added that the development's average rental has hit about RM10 psf compared to RM7.50-8 psf during its inception.

Posted by 129055444514385 > 2019-08-29 22:36 | Report Abuse

payment date 27 sep... gain 3 sen dulu

Interim Dividend
IOI PROPERTIES GROUP BERHAD

EX-date 17 Sep 2019
Entitlement date 18 Sep 2019
Entitlement time 05:00 PM
Entitlement subject Interim Dividend

Posted by 129055444514385 > 2019-08-29 22:56 | Report Abuse

ECRL dah diaktifkan... HSR diaktifkan juga, boleh terbang nanti :)



RHB Research said the company is poised to benefit from the East Coast Rail Link (ECRL) and, potentially, the High-Speed Rail (HSR) project if revived.

"With about 700 acres of development land around IOI Resort City, we think IOI Properties is a prime beneficiary of the railway network that will have a stop at Putrajaya Sentral. These are the ECRL, ERL, and MRT2 (Sungai Buloh-Serdang-Putrajaya line) that have already been allocated a stop at Putrajaya Sentral, which is 11-12 km away from the site. Assuming the HSR project is resumed, we think that the link could potentially also have a stop at Putrajaya Sentral," it said.

"Meanwhile, if Ayer Keroh remains as one of the HSR stations, IOI Properties' more than 1,000 acres of land in Ayer Keroh would also benefit, as the site is diagonally opposite the HSR station under the original plan," it added.

Posted by William Wang > 2019-08-29 23:04 | Report Abuse

Declaring a dividend of 3sens per share is most unfair to the share holders, Earnings have dropped from 13.69(FY18) to 12.01(FY19) a mere 12.3% but the dividend is reduced to 3 sens from 5 sens ... 40% reduction. If MD/CEO Lee were to also reduce his director's fees and salary by 40% then I have no grouse otherwise it can be interpreted as stealing from minorities to fatten his salary.

Posted by 129055444514385 > 2019-08-30 05:57 | Report Abuse

i believe, ioiprop paid lower dividend this year due to the uncertainty in the global economy and reserving more cash for its projects in singapore and china this year. Hopefully, next year, it will pay much higher... some minority shareholders might be a disappointed but we should count our blessings. Sime prop reported higher profitability but paid a much lower dividend of 1 sen ;)

Posted by 129055444514385 > 2019-08-30 05:58 | Report Abuse

i believe, ioiprop pays lower dividend this year due to the uncertainty in the global economy and reserving more cash for its projects in singapore and china this year. Hopefully, next year, it will pay much higher... some minority shareholders might be a disappointed but we should count our blessings. Sime prop reported higher profitability but paid a much lower dividend of 1 sen :) During this tough time, many listed companies did not declare dividend at all e.g. bjland, bjcorp, bjassets, etc

Posted by Good123 > 2019-08-30 07:16 | Report Abuse

KUALA LUMPUR (April 29): The IOI property (IOIPG, 5249, main board industry stocks) earned 45.17% less than the end of June 2019, but still paid a dividend of 3 cents per share.

The IOI property reported to the exchange, with a net profit of RM135.76 million, or 2.54 sen per share, in the final quarter, less than RM254.92 million in the same quarter last fiscal year.



Earn 660 million in the whole year

In the last quarter, the turnover fell by 17.45% year-on-year, from RM63.03 million to RM499.79 million, which was attributed to the decline in property development business.

Dividends of 3 cents per share were ex-divided on the 17th of next month and paid to shareholders on the 27th.

However, the annual turnover fell by 17.66% to RM21.97 billion. The net profit for the year was RM61.129 million, down 12.25% year-on-year.

The Board of Directors expects the Chinese business to maintain its momentum as it plans to launch a residential project with a total development value of approximately 2.9 billion yuan (RM 1.7 billion) in Xiamen in FY 2020. On the local front, optimistic about the Home Ownership Program (HOC) and active marketing through traditional and digital platforms will continue to motivate sales.

Posted by Ncm88 > 2019-08-30 07:37 | Report Abuse

Old news... game over dah

Posted by spider68 > 2019-08-30 09:08 | Report Abuse

Generous Boss.

Posted by William Wang > 2019-08-30 11:04 | Report Abuse

Still cannot understand the poor dividend given. Recurring income from invested property is almost coming to 50% of earning. Earning from recurring income is about 6 sens, no reason to take this money for further property development when the property market is poor and with huge backlog of unsold property of about a billion worth. The property construction sector should be able to sustain itself otherwise stop building. Sime property is different, the recurring income from investment sector is just 10% of its earning, they need to retain the fund to build up this sector. The CEO attitude has to change, not operating like old timer chinamen, only profit thyself and forget about those minority that also owned the company. Maintaining the share price is also part of his responsibility. How much IOIPG had fallen since its IPO?

Posted by BullRun_93 > 2019-08-30 11:37 | Report Abuse

@William Wang
How much IOIPG had fallen since its IPO?

I think more than 50% down since IPO

Posted by lionel messi > 2019-08-30 11:57 | Report Abuse

IPO was in Dec 2013 via only distribution to IOI shareholders at RM1.76.

Thereafter there was a rights issue of 1 for 6 at RM1.90 in Jan 2015.

Again there was another rights issue of 1 for 4 at RM1.38 in Feb 2017.

Looks cheap now compared to the above and book value (NTA). but be prepared to hold and average down.

May be taken private again, aka ripping off minority shareholders at cheap price

Posted by Good123 > 2019-08-30 12:51 | Report Abuse

Swing uptrend

Posted by Good123 > 2019-08-30 13:59 | Report Abuse

Better late than never

Posted by Good123 > 2019-08-30 14:01 | Report Abuse

1.19 - 1.20 now.... above 1.2 by 5pm... investors started seeing the value... Singapore and China offer a lot of opportunities to ioiprop in addition to ecrl and later hsr near its landbanks

Posted by Good123 > 2019-08-30 14:02 | Report Abuse

Grab the 3sen interim dividend too... payment date is 27 sep

Posted by Good123 > 2019-08-30 15:24 | Report Abuse

Ioiprop is diversified geographically e.g. Singapore and China... that is why epf continues to accumulate it continuously

Posted by Good123 > 2019-08-30 15:25 | Report Abuse

1 21, up nonstop now

Posted by 129055444514385 > 2019-08-30 15:54 | Report Abuse

IOIPG - Notice of Book Closure
IOIPG - Notice of Book ClosureILC-30082019-00015Interim single tier dividend of 3.0 sen per ordinary share Kindly be advisedof the following : 1) The above Company's securities will be traded andquoted "Ex - Dividend? as from: 17 Sep 2019 2) The last date of lodgment : 18Sep 2019 3) Date Payable : 27 Sep 2019MANAGER, REF. DATA MANAGEMENTYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


30/08/2019 02:40 PM


Ref Code: 201908305100101

Posted by 129055444514385 > 2019-08-30 15:55 | Report Abuse

oh my god... semua cadangan/panggilan untuk membeli ioiprop pulak

30-Aug-2019 Price Target IOI Properties Group Bhd - Within Our, Below Consensus
Source : KENANGA, Price Call : BUY, Price Target : 1.65
Last Price : 1.20, Upside/Downside : +0.45(37.50%)
30-Aug-2019 Price Target IOI Properties Group - Missed Estimates
Source : HLG, Price Call : BUY, Price Target : 2.04
Last Price : 1.20, Upside/Downside : +0.84(70.00%)
30-Aug-2019 Price Target IOI Properties - Set to Launch China Projects Worth 2.9bil yuan in GDV
Source : AmInvest, Price Call : BUY, Price Target : 1.89
Last Price : 1.20, Upside/Downside : +0.69(57.50%)

Posted by 129055444514385 > 2019-08-30 15:56 | Report Abuse

semua buy calls haha

Posted by 129055444514385 > 2019-08-30 15:56 | Report Abuse

up3

Posted by 129055444514385 > 2019-08-30 15:57 | Report Abuse

by 5pm, 1.25 to 1.3 possible? :)

Posted by 129055444514385 > 2019-08-30 15:59 | Report Abuse

Date: 30/08/2019

Source : HLG
Stock : IOIPG Price Target : 2.04 | Price Call : BUY
Last Price : 1.19 | Upside/Downside : +0.85 (71.43%)

Back

IOIPG’s FY19 core PATMI of RM640.5m (-5.1% YoY) were below expectations largely due to higher than expected effective tax rate. New sales of RM548.7m in 4Q19 brings FY19 total sales to RM1.9bn, which is in line with management’s sales target of RM1.8bn-RM2bn. We understand that over RMB7bn worth of GDV are expected to be launched over the next three years to sustain profit moving forward. We lower our FY20/21 forecasts by 9.2%/8.1%, respectively and maintain our BUY call with a lower TP of RM2.04 (from RM2.25), based on a higher discount at 45% (from 40%) discount to RNAV of RM3.70

Below expectations. IOIPG reported 4QFY19 core PATMI of RM111m (-35.2% QoQ, -41.6% YoY), which brings the FY19 sum to RM 640.5m (-5.1% YoY). This formed 88% of our and consensus full year forecasts. The results were below expectations largely due to higher than expected effective tax rate.

Dividends. Declared interim dividend of 3.0 (4Q18: 5.0) sen per share, going ex on the 17 Sep 2019.

QoQ. Revenue remained relatively flat at RM497.8m (+2.1%) while core PATMI decreased -41.6% to RM111m. The decrease in core PATMI is largely attributed to lower contributions from the share of JVs (recognition of South Beach Residences in Singapore in the preceding quarter) coupled with a higher effective tax rate.

YoY. Core PATMI fell -41.6% in tandem with revenue (-26.1%) coupled with higher effective tax rate.

YTD. Revenue decreased -21.2% to RM2,211.7m (from RM2131.4m) due to lower contributions from overseas operations i.e. The Trilinq in Singapore. However, core PATMI decreased by only -5.1% from higher JV contributions from the South Beach project back in 1Q19.

New sales of RM548.7m in 4Q19 brings FY19 total sales to RM1.9bn, which is in line with management’s sales target of RM1.8bn-RM2bn. FY19 sales composition was made out of 58% Malaysian, 39% China, 3% Singapore. FY20 sales target will be known in 1Q20 but we reckon that it will likely be flat. Unbilled sales stood at RM609.7m, representing a thin cover ratio of 0.28x. However, we note that this has not included the sales to be recognised from the Xiamen projects.

Xiamen, China. We understand that over RMB7bn worth of GDV are expected to be launched over the next three years to sustain profit moving forward. Management is targeting to launch projects worth c.RMB2.9bn in FY20.

Outlook. Despite the thin unbilled sales cover ratio, FY20 earnings should be anchored by projects from China with further potential launches. However, we note that launches moving forward in the Malaysian market will likely be of lower margins as the property market remains soft.

Forecast. We lower our FY20/21 forecasts by 9.2%/8.1% respectively as we impute slower launches alongside a lower margin product mix moving forward.

Maintain BUY with a lower TP of RM2.04 (from RM2.25), based on a higher discount at 45% (from 40%) discount to RNAV of RM3.70 to reflect the change in our forecasts and planned launches moving forward. Nonetheless, IOIPG remains a deep value stock with huge land bank and investment properties on the back of attractive P/B at 0.3x (industry average of 0.7x), reinforced by the its maturing investment properties and a strong track record.


Source: Hong Leong Investment Bank Research - 30 Aug 2019

Posted by 129055444514385 > 2019-08-30 16:02 | Report Abuse

bagus.

Maintain BUY with a lower TP of RM2.04 (from RM2.25), based on a higher discount at 45% (from 40%) discount to RNAV of RM3.70 to reflect the change in our forecasts and planned launches moving forward. Nonetheless, IOIPG remains a deep value stock with huge land bank and investment properties on the back of attractive P/B at 0.3x (industry average of 0.7x), reinforced by the its maturing investment properties and a strong track record.


Source: Hong Leong Investment Bank Research - 30 Aug 2019

Posted by 129055444514385 > 2019-08-30 16:03 | Report Abuse

rising uptrend stock... buying pressure :)

Posted by 129055444514385 > 2019-09-03 14:36 | Report Abuse

fire sale price grab3


30-Aug-2019 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 1,000,000 shares on 27-Aug-2019.
30-Aug-2019 Price Target IOI Properties Group Bhd - Within Our, Below Consensus
Source : KENANGA, Price Call : BUY, Price Target : 1.65
Last Price : 1.14, Upside/Downside : +0.51(44.74%)
30-Aug-2019 Price Target IOI Properties Group - Missed Estimates
Source : HLG, Price Call : BUY, Price Target : 2.04
Last Price : 1.14, Upside/Downside : +0.90(78.95%)
30-Aug-2019 Price Target IOI Properties - Set to Launch China Projects Worth 2.9bil yuan in GDV
Source : AmInvest, Price Call : BUY, Price Target : 1.89
Last Price : 1.14, Upside/Downside : +0.75(65.79%)
30-Aug-2019 Price Target IOI Properties - FY19: Delayed China Launch
Source : Affin Hwang Capital, Price Call : BUY, Price Target : 1.82
Last Price : 1.14, Upside/Downside : +0.68(59.65%)
29-Aug-2019 Entitlement IOI PROPERTIES GROUP BHD declared Interim Dividend - RM 0.03, the Ex Date on 17-Sep-2019.
29-Aug-2019 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 1,000,000 shares on 26-Aug-2019.

Posted by 129055444514385 > 2019-09-03 14:37 | Report Abuse

mari3 join EPF invest bersama :)

EMPLOYEES PROVIDENT FUND BOARD 27-Aug-2019 Acquired 1,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 26-Aug-2019 Acquired 1,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Aug-2019 Acquired 405,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 15-Aug-2019 Acquired 90,100 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 14-Aug-2019 Acquired 854,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 13-Aug-2019 Acquired 462,900 0.000 View Detail

Posted by 129055444514385 > 2019-09-03 14:38 | Report Abuse

collect 3sen dividend bulan ini 27 sep


Interim Dividend on 29-Aug-2019
Stock [IOIPG]: IOI PROPERTIES GROUP BHD
Announcement Date 29-Aug-2019
Financial Year 30-Jun-2019
Subject Interim Dividend
Type Dividend - Normal or Special
Description Interim single tier dividend of 3.0 sen per ordinary share
Amount RM 0.03
Ex Date 17-Sep-2019
Entitlement Date 18-Sep-2019
Payment Date 27-Sep-2019

Posted by 129055444514385 > 2019-09-03 14:39 | Report Abuse

EPF sudah holds 7%+ tapi beli berterusan haha

Posted by 129055444514385 > 2019-09-03 14:39 | Report Abuse

beli sebelum terlewat haha

Posted by 129055444514385 > 2019-09-03 14:40 | Report Abuse

target prices semua buy calls./// tunggu apa lagi :)

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
30/08/2019 1.16 1.65 +0.49 (42.24%) BUY KENANGA
30/08/2019 1.16 2.04 +0.88 (75.86%) BUY HLG
30/08/2019 1.16 1.89 +0.73 (62.93%) BUY AmInvest
30/08/2019 1.16 1.82 +0.66 (56.90%) BUY Affin Hwang Capital

Posted by 129055444514385 > 2019-09-03 14:41 | Report Abuse

terendah dah hari ni :)

Market Cap: 6,299 Million
NOSH: 5,525 Million
Avg Volume (4 weeks): 2,070,666
4 Weeks Range: 1.14 - 1.29
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range: 1.14 - 1.80
52 Weeks Price Volatility (%):
0.00%
Average Price Target: 1.88
Price Target Upside/Downside: +0.74

Posted by 129055444514385 > 2019-09-03 14:42 | Report Abuse

terindah

IOI Properties - Set to Launch China Projects Worth 2.9bil yuan in GDV
Author: AmInvest | Publish date: Fri, 30 Aug 2019, 9:23 AM

Investment Highlights
We maintain our BUY recommendation on IOI Properties Group (IOIPG) with an unchanged fair value of RM1.89 based on SOP valuations (Exhibit 2). We make no changes to our FY20–FY21 earnings forecasts, and introduce FY22 net profit forecast at RM776.2mil.
IOIPG’s FY19 net profit of RM661.3mil (-12.3% YoY) came in within our expectations but below consensus at 91% of full-year estimates. Revenue fell by 17.7% mainly due to lower contribution from the property development segment. The higher PBT (+6.9%) is contributed by development projects in China, and a higher share of profit in joint ventures mainly arising from the sale of South Beach Residences in Singapore. However, net earnings fell by 12.3% mainly due to higher taxation. IOIPG recorded new sales of RM1.93bil in FY19, RM53.3mil higher than FY18 mainly contributed by sale of development projects in IOI Palm City, China.
The property development segment recorded a FY19 EBIT of RM613mil (+7.9% YoY) as a result of higher profit contribution from its development projects in China. The property investment segment remained stable, with a FY19 EBIT growth of 6.6% to RM207.9mil.
IOIPG is planning to launch projects worth 2.9bil yuan in GDV in FY20 with the main focus in Xiamen, China. The previous launch of properties in Xiamen back in September 2018 has seen positive results as the properties were almost fully taken up within a day.
We make no changes to our FY20–FY21 earnings forecasts, and introduce FY22 net profit forecast at RM776.2mil. Meanwhile, the upcoming investment properties in IOI Palm City, Xiamen, comprising 2.37mil NLA of retail and office are progressing well, and scheduled to be completed in stages from 2020. Also, the 1.5mil sq ft of retail and office area at Central Boulevard, Singapore, scheduled for completion in 2022, will provide additional revenue for the investment properties division moving forward.
We believe the outlook for IOIPG remains positive anchored by a strong contribution from its property development projects, particularly in China and Singapore, stable income from property investments and its growing leisure and hospitality business.
Source: AmInvest Research - 30 Aug 2019

Posted by 129055444514385 > 2019-09-03 14:44 | Report Abuse

cantik

Added to Top Sector BUY
We add IOIPG to our top sector BUYs as we believe the 11% share price correction is a buying opportunity. Valuations are attractive at current Price/Book of 0.3x and FY20E PER of 10x. We trim our RNAV/share estimate to RM3.64 from RM3.66 to reflect higher net debt. Based on the same 50% discount to RNAV, we trim our TP to RM1.82 from RM1.83. Key downside risk is the prolonged local property market weakness.

Source: Affin Hwang Research - 30 Aug 2019

Posted by 129055444514385 > 2019-09-03 14:50 | Report Abuse

will up like crazy soon like astro fell to about RM1 last time

Posted by Good123 > 2019-09-03 14:54 | Report Abuse

Next year higher dividend, China project baru bermula

Posted by Good123 > 2019-09-03 14:55 | Report Abuse

Net assets per share rm3.42, current price only 1/3, fire sale price, ioi is a branded property Developer

Posted by Good123 > 2019-09-03 15:02 | Report Abuse

Puchong is a town that never seems to stop expanding and a popular location to set up home for many.

“Puchong developed rapidly when the Damansara-Puchong Expressway (LDP) was built in 2002. The extension of the light rail transit (LRT) has made this area more accessible,” says Savills Malaysia director of research and consultancy Amy Wong.

There are now seven LRT stations in Puchong. The area is accessible via the Maju Expressway, Damansara-Puchong Expressway and NKVE-Elite Expressway and with convenient access to the Kuala Lumpur city centre and other parts of the Klang Valley such as Petaling Jaya and Subang Jaya, says Wong.

One of the earliest developments in Puchong is the self-contained 374ha Bandar Puchong Jaya, launched by IOI Properties Group Bhd in 1990. Considered the pioneer developer in the area, IOI Properties opened IOI Mall in Bandar Puchong Jaya in 1996 and launched Bandar Puteri Puchong in 2000 and 16 Sierra in Puchong South in 2010. In 2013, it unveiled the Puchong Financial Corporate Centre on a 3.24ha parcel in Bandar Puteri Puchong, comprising four corporate offices and a business hotel run by Four Points by Sheraton, which began operations in 2014.

Development is nowhere near coming to an end. IOI Properties’ latest project is the 72-acre IOI Rio City, an integrated mixed-use development in Bandar Puteri Puchong that will comprise offices and retail and residential properties.

Apart from IOI Properties, other property players in Puchong include Glomac Bhd, LBS Bina Group Bhd, S P Setia Bhd and YTL Land & Development Bhd.

Strategically positioned close to Bandar Sunway , Putrajaya, Old Klang Road and Bukit Jalil, Puchong is a favourite with homeowners and investors. The demand for residential properties in the area has seen the development of many townships, including Pusat Bandar Puchong, Puchong Intan, Puchong Utama, Puchong Perdana, Puchong Hartamas, Bandar Bukit Puchong and Saujana Puchong.

Puchong today features many bustling commercial centres, with modern amenities and facilities such as schools, hospitals, offices, hotels, shopping centres and hypermarkets.

“Bandar Kinrara by I&P Group (now a member of S P Setia Bhd) is one of the townships in Puchong that has seen high capital appreciation since its launch in 1991. The township is served by the LRT Ampang Line under the LRT extension project. Recently, there have been many developments in the southern part of Puchong such as 16 Sierra by IOI Properties and Sunway Eastwood by Sunway Bhd, which are close to Putrajaya and Cyberjaya,” says Wong.

Residential values have been on the rise. Data from Savills Malaysia reveal that Koi Kinrara by Masteron Group has seen a capital appreciation of 15% from 2014 to 2018, while Vista Prima by Kumpulan SPL Development has risen 11% over the same period. The transacted prices at Koi Kinrara rose from RM381 psf in 2014 to RM438 psf in 2018, for a compound annual growth rate (CAGR) of 3.5%, while at Vista Prima, prices increased from RM271 psf to RM299 psf, for a CAGR of 2.5%.

Data from EdgeProp.my and the National Property Information Centre show that a 1,399 sq ft terraced house in Bandar Bukit Puchong by Ayer Holdings Bhd was sold for RM510,000 psf or RM364 psf in March. Meanwhile, a 1,539 sq ft house in Bandar Puchong Jaya by IOI Properties was sold for RM830,000 or RM539 psf in the same month.

As for high-rises, a 1,076 sq ft unit in Koi Kinrara was sold for RM535,000 or RM497 psf in December last year, and a 1,087 sq ft unit in Vista Millennium Condo by Millennium Land Sdn Bhd fetched RM220,000 or RM202 psf in February.

A search of EdgeProp.my listings reveal that landed properties of 900 to 3,000 sq ft in size have asking rents of RM500 to RM3,500 per month, and for high-rise units of the same size, RM750 to RM7,500 psf.

The average selling price psf for non landed is RM247 compared to the state average of RM237, while the average selling price psf for landed is RM1,963, compared to the state average of RM2,085.



A tale of food and traffic woes

Mention Puchong and more often than not, the conversation will turn to food as well as traffic woes — both of which are signs of a booming town. Said to be named after Burung Pucung, a type of heron, Puchong was once a rubber plantation and tin-mining town that was established in the early 20th century.

To delve into a bit of history, many local Chinese companies acquired mining companies in Puchong from the British after indepenence in 1957. In the mid-1980s, the collapse of international tin prices resulted in many residents and workers shifting to rubber and palm oil plantations. In the early 1990s, Puchong’s strategic location between Kuala Lumpur and Putrajaya attracted a wave of development and led to a rapid rise in its population.

The growth of the area was further spurred when Putrajaya became the federal administrative capital while neighbouring Cyberjaya began to flourish.