Posted by Friendship > 2020-12-08 14:18 | Report Abuse

The letter is fake and with fake signature. I was told that police report has been made for further investigation. Good luck.

Posted by NPRA1985 > 2020-12-08 14:35 | Report Abuse

IOI Properties Group Bhd said today it is exploring a few proposals on potential investments which are currently at a preliminary stage of discussions, in response to an unusual market activity (UMA) query by Bursa Securities.

In a filing to Bursa today, it said there are no other corporate developments that may account for the sharp rise in its share price.

The group said it is not aware of any rumour or report concerning its business, as well as possible explanation for the UMA.

https://www.theedgemarkets.com/article/response-bursas-uma-query-ioi-properties-says-it-exploring-potential-investments

Posted by observatory > 2020-12-08 14:46 | Report Abuse

Are there any material developments that justify the current price at RM1.7?

If you have an interest in the stock, it is better for you to read the Board's reply yourself. Decide for yourself rather than relying on other's interpretation.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3111913

Different readers may interpret it differently. However, I will just read the reply at its face value. I'm particularly drawn to this sentence in Point 2:

"IOIPG has not to its knowledge embarked upon any corporate development which we can say with reasonable conviction may account for the trading activity under reference."

I just disposed off all shares. I accumulated this year because I thought the company is undervalued. I plan to hold for several years until the property market recovers. The recent good quarterly result was a nice surprise. But I never thought the price of such a multi-billion cap stock could double in just a few weeks.

Good luck to anyone who continues to hold on. Will revisit this company in the future when valuation is more appealing.

Posted by notailcatt0 > 2020-12-08 16:36 | Report Abuse

why suddenly up and down like roller coaster?

Posted by Val-Elta > 2020-12-09 09:02 | Report Abuse

The uptrend was broken yesterday, to me prices above 1.30 is purely traded on technical basis d... not much fundamentals to support. If you're buying above 1.30, my advice is, you should know what your doing and note your risks accordingly.

After the downtrend yesterday, sure it can go up higher today.. but overall i'll say the downside risk is higher in the immediate term... if this 2-3 days don't go above 1.65, a lot of ppl will be cutting loss, or taking profit and the selling pressure will be higher.

Really depends on the buyers now, if no new wave come in, high selling pressure d

Posted by Challengerwinner > 2020-12-09 09:07 | Report Abuse

be patience

Posted by Val-Elta > 2020-12-09 10:11 | Report Abuse

interesting, a new wave did come in

Posted by 007007 > 2020-12-09 10:26 | Report Abuse

IOIPG is going to build a covid vaccines fill-finish plant in joint venture with a major Chinese pharmaceutical company...... that's the rumour. Possibly true.

Posted by 007007 > 2020-12-09 18:10 | Report Abuse

Bloomberg just reported that Sinopharm vaccine found to be 86% effective in the UAE.......to start vaccinations immediately.

09/12/2020 6:08 PM

Posted by 007007 > 2020-12-09 18:31 | Report Abuse

Chinese vaccines are more effective, practical, and affordable than Western vaccines .

09/12/2020 6:31

Posted by observatory > 2020-12-09 22:29 | Report Abuse

Good to hear that the Sinopharm vaccine is effective. So are the good news flowing from other vaccines, Chinese or not.

This is one more step towards recovery. IOIPG can look forward to increased footfalls in its malls and recovery of its hotel occupancy next year. So are Aeon and various other retail and hospitality REITs.

But IOIPG as a direct vaccine play?

Even if the rumor turns out to be true, please consider these before jumping into the so-called vaccine trade:

(1)
Khairy said the government deals directly with Pfizer and COVAX, “without the use of any middleman or third party”

https://www.theedgemarkets.com/article/khairy-govts-covid19-vaccine-deal-only-pfizer-and-covax-others-are-private-arrangements

(2)
Granted Khairy doesn’t rule out the private deals, provided they can get Malaysian regulators’ approvals.

A few Chinese firms are at the advanced stage, including the much-cited Sinopharm, which is an established pharmaceutical company in China.

The only problem is rumor mill has linked Sinopharm to multiple Malaysian companies, where IOIPG is just one of them.

Yes, property firm IOIPG with an RM2 billion revenue seems to be a more reliable vaccine partner than say Kanger International that sells bamboo products (2019 revenue RM65 million).

But what can IOIPG bring to the table as a vaccine partner?

Pharmaceutical bottling expertise? That’s the domain of Duopharma and Pharmaniaga.
https://www.bernama.com/en/general/news_covid-19.php?id=1860534

Cold chain logistics? That’s the domain of Tasco, Tiong Nam, and perhaps Apex Health.
https://www.theedgemarkets.com/article/tasco-stock-rides-covid19-vaccine-wave

Frontline expertise to provide vaccine services? But IOIPG does not own hospitals and nurses as IHH and KPJ do.

The only connection I have in mind is for IOIPG to convert some empty lots in its mall into vaccination centers!

(3)
Besides, is the vaccine business profitable?

I suspect it’s going to be a “national service” in China. Look at Sinopharm share price. YTD it has dropped 33% from $28.40 to $19.40

https://finance.yahoo.com/quote/1099.HK?p=1099.HK&.tsrc=fin-srch

But could Malaysia be different? Well, even those supposed Malaysian beneficiaries I mentioned above have cautioned that the financial benefit is limited

(4)
What if IOIPG is so clever that it finds a way to makes lots of money from the speculated vaccine deal?

So clever that it can justify the share price hike from RM0.85 a month ago to the recent high of RM1.75?

Multiply by its share base of 5,506 million, this is a sum of 5,506m x (RM1.75 – RM0.85) = RM,4,955 million.

Let's do the maths. By now the Malaysian government has secured supplies to cover at least 30% population. We can expect government procurement to expand further. That leaves the speculated private vaccine with a much smaller pool of takers who is willing to fork out their own money for vaccination.

Say it is 10% of the Malaysian population, i.e. the half of the T20 population that does not immediately qualify for government vaccine. 10% population is about 3.3 million.

Now, to justify IOIPG's share price appreciation of almost RM5 billion, it needs to make at least the following profit per person = RM4,955 million/ 3.3 million population = about RM1,500 per person!

Is this possible?

May be. But I can also hear politicians clamoring for actions against the profiteer, whose boss happens to be the husband of a DAP ex-minister!

(5)
Well, you may still argue it doesn’t matter even if this is just a rumor, even a very poor rumor, as long as you can sell your share at a higher price to the next greater fool.

Then good luck to you.

Remember the syndicate would like more of you to think in this way.

Posted by NPRA1985 > 2020-12-09 22:35 | Report Abuse

Go go Kanger !!

United Arab Emirates Claims China’s Sinopharm Vaccine Is 100% Effective At Preventing Moderate And Severe Covid-19

TOPLINE The experimental vaccine developed by China National Pharmaceutical Group, also known as Sinopharm, is 86% effective at preventing Covid-19 infection and 100% effective at preventing severe and moderate disease, health officials from the United Arab Emirates announced Wednesday, although with scarce detail provided about the trial.

The UAE health ministry cited an interim analysis of a late-stage clinical trial involving 31,000 volunteers as the source of its information, though neither they nor Sinopharm provided any data from the trial to validate the claims such as how many participants were infected or how many actually received the vaccine.

The ministry said “no serious safety concerns” were observed, though, again, no information on side effects was provided.

The ministry said the announcement is a “significant vote of confidence by the UAE’s health authorities in the safety and efficacy of this vaccine.”

The ministry added that it had officially registered the vaccine at the request of the manufacturer, which it says could eventually lead to the shot’s widespread authorization.

https://www.forbes.com/sites/roberthart/2020/12/09/united-arab-emirates-claims-chinas-sinopharm-vaccine-is-100-effective-at-preventing-moderate-and-severe-covid-19/?sh=2a60fb42595c

Posted by NPRA1985 > 2020-12-09 22:38 | Report Abuse

Kanger International Bhd has roped in Zuellig Pharma Sdn Bhd and K-Star Sport Ltd to collaborate on the distribution of Covid-19 vaccines in Malaysia.

The vaccine and other products are developed by state-owned China National Pharmaceutical Group Corp (Sinopharm).

In a filing with Bursa Malaysia today, Kanger said it has entered into a memorandum of understanding (MoU) with Zuellig Pharma, the largest vaccine distributor in Malaysia and in Asia, to facilitate the import, warehousing and distribution of Covid-19 vaccines in Malaysia.

Separately, Kanger announced that it has also entered into an MoU with K-Star to appoint the latter as the sales agent of Covid-19 vaccines for private clinics in Malaysia.

Kanger said both MoUs will add value to the group as it is now focused on expanding its business into the healthcare industry, which includes the distribution of Covid-19 vaccines, and is looking for a well-established logistics and distribution provider.

https://www.theedgemarkets.com/article/kanger-ropes-more-collaborators-help-distribute-covid19-vaccines

Posted by 007007 > 2020-12-10 08:14 | Report Abuse

As vaccines are coming, it's a good business opportunity to joining venture with Chinese/American vaccine companies to set up fill and finish plant in Malaysia as a vaccine hub to supply South East Asia.

Posted by Seeyounoup > 2020-12-10 12:27 | Report Abuse

wah . so many essay here.

Posted by 007007 > 2020-12-10 13:56 | Report Abuse

https://www.cnbc.com/2020/12/10/covid-china-may-be-using-its-vaccines-to-expand-its-soft-power.html

Posted by MillionMindset > 2020-12-10 14:27 | Report Abuse

This stock just break resistance, will go higher..

Posted by Seeyounoup > 2020-12-10 15:01 | Report Abuse

why this stock keep up

Posted by MillionMindset > 2020-12-10 15:11 | Report Abuse

Where got con. It keep rising now after I said

Posted by MillionMindset > 2020-12-10 15:13 | Report Abuse

This is a profitable stock. The profit for latest quarter is more than last year..

Posted by MillionMindset > 2020-12-10 15:50 | Report Abuse

Guys,

Keep this stock properly, it will rise further. Target price RM2 and above

Posted by Lance > 2020-12-10 15:52 | Report Abuse

vaccine or no vaccine. the counter is under value with good fundamental.
with the new possibility of diversifying their business, >RM2 is just the matter of time.

Posted by sten_still > 2020-12-10 16:12 | Report Abuse

put them to the klci, takeout the klcc

Posted by sten_still > 2020-12-10 16:17 | Report Abuse

and the earning better than klcc...

Posted by sten_still > 2020-12-10 16:17 | Report Abuse

RM3 atleast to go

Posted by Seeyounoup > 2020-12-11 11:33 | Report Abuse

how ? all kena stuck ah

Posted by Seeyounoup > 2020-12-11 11:42 | Report Abuse

listen to u all..die ...gg

Posted by jolow > 2020-12-11 13:06 | Report Abuse

sell first. don't keep. this is just speculative run. cannot tahan

Posted by Seeyounoup > 2020-12-11 14:05 | Report Abuse

ok. sell bah . change stock.

Posted by Jarall > 2020-12-18 00:34 | Report Abuse

looks like shiny day for ioi today

Posted by STEADYBOMBIBI85 > 2023-09-09 09:01 | Report Abuse

Hello guys. Is this counter linked to vaccine?

Posted by RainT > 2021-01-08 15:11 | Report Abuse

no vaccine link to this counter

dont be naive, think all.... counters in KLSE is link to vaccine & glove only

Posted by RainT > 2021-01-17 15:30 | Report Abuse

chart show start of down trend with no support in sign yet

Posted by RainT > 2021-01-08 15:11 | Report Abuse

think will down more ?

Posted by Oxytocin > 2021-01-22 10:43 | Report Abuse

Any updates on the vaccine contract? Or was it just a load of bull crap?

Posted by papasugar > 2021-01-22 22:44 | Report Abuse

next week rebound

Posted by Jarall > 2021-01-24 02:52 | Report Abuse

monday magic

Posted by Challengerwinner > 2021-02-04 10:19 | Report Abuse

what happen? why up so fast?

Posted by L A > 2021-02-04 11:27 | Report Abuse

pust up to 1.6 gogogo

Posted by Lee101 > 2021-02-04 13:33 | Report Abuse

I believe exciting news will be announced soon. It's Vice Chairman who is also a majority shareholder has spent in excess of Rm56 million recently buying more than 39 million shares in his own name between November 2020 and late January e.g. he bought 29.6 million shares at Rm1.43 three weeks ago.

Posted by Lee101 > 2021-02-04 13:38 | Report Abuse

Current share price of Rm1.40 is 59% lower than its NTA of Rm3.42, still good value

Posted by mroys74 > 2021-02-04 14:28 | Report Abuse

privatization?

Posted by L A > 2021-02-04 14:41 | Report Abuse

still hold gogogo

Posted by Swing Trader > 2021-02-04 17:01 | Report Abuse

woah fresh breakout today. i wait and hoping it is not fake breakout. property theme still sleeping.

Posted by VTrade > 2021-02-05 01:31 | Report Abuse

Today up alot... any inner news.?

Posted by Swing Trader > 2021-02-05 09:56 | Report Abuse

sell on pineapple news..kakaka

Posted by Lee101 > 2021-02-05 11:48 | Report Abuse

Selling pineapple is great news, but it relates to IOI Corp not IOI Properties

Posted by Lee101 > 2021-02-05 11:48 | Report Abuse

https://www.klsescreener.com/v2/news/view/787085/ioi产业涨22仙-业绩企业活动受关注

Posted by Lee101 > 2021-02-05 12:04 | Report Abuse

IOI Properties will release its quarterly results this month. Market is expecting positive results and great project news. Given IOI Corp has been actively embarking on diversifying its businesses, it is reasonable to assume IOI Properties will also follow the same trend.

Posted by Lee101 > 2021-02-05 19:21 | Report Abuse

The company's Vice Chairman who is also a majority shareholder bought another Rm6.8 million shares yesterday. He has spent about Rm63 million in the past 9 weeks buying the company shares in his own name. I can't wait to find out great news from the company!!