ISKANDAR WATERFRONT CITY BERHAD
KLSE (MYR): IWCITY (1589)
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Last Price
0.745
Today's Change
+0.005 (0.68%)
Day's Change
0.735 - 0.76
Trading Volume
6,460,000
Overview
Market Cap
686 Million
NOSH
921 Million
Avg Volume (4 weeks)
12,424,827
4 Weeks Range
0.725 - 0.865
4 Weeks Price Volatility (%)
14.29%
52 Weeks Range
0.325 - 1.03
52 Weeks Price Volatility (%)
59.57%
Previous Close
0.74
Open
0.74
Bid
0.74 x 803,500
Ask
0.745 x 1,114,100
Day's Range
0.735 - 0.76
Trading Volume
6,460,000
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#1] | 30-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 30-Aug-2024
T4Q P/E | EY
-186.23 | -0.54%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.80 | 0.93
T4Q NP Margin | ROE
-2.94% | -0.50%
Market Buzz
2024-06-29
2024-06-27
News and Blogs
Company Profile
Description:
Iskandar Waterfront City Bhd is an investment holding company. It is involved in the businesses of property development and construction. The company has three reportable segments: Property development; Construction: and Property management. Iskandar derives most of its revenue from Construction segment.
Discussions
30 people like this. Showing 50 of 34,501 comments
Walaoeh, what happend ?
Super damn hot man IWCity today !
Now IWCity was traded at @0.865 (+0.095) (+12.3 %)
Heng ah, Ong ah, Huat ah !
2 weeks ago
Tomorrow PM Lawrence Wong will have official meeting with PMX and government officials. Will they discuss Johor projects?
2 weeks ago
JB plans elevated Automated Rapid Transit system with 32 stations, to launch by 2027
https://mustsharenews.com/automated-rapid-transit-jb/
2 weeks ago
Singtel in talks to build data centre in Johor — sources
BY EMIR ZAINUL THEEDGEMALAYSIA.COM
2 weeks ago
@NatsukoMishima
Who buy the disposed shares from prasarana ???
KPRJ is selling its stake in hand when the share price is active.
From right hand to left hand.
At the same time, it reduces shareholdings in order to make the public shareholding % to be 25% or more. When public holdings reach 25%, then Botak restructuring plan will not having the 25% public Float issue and at the same time, it will try to settle the PARA8.03A (regularization plan to be approved by Bursa). I guess.
2 weeks ago
新加坡电信公司(Singtel)，将是最新一家在柔佛设立数据中心的国际公司。
https://www.klsescreener.com/v2/news/view/1341063
2 weeks ago
To the young man :
U are veteran in bursa not young man ! U have bright future ! Hope u already own vstecs , ranhill , swift haulage , dnex ,iwcity , these stocks will skyrocket !
2 weeks ago
@Natsuko
Dear, ohhh, thanks for your words.... I am newbie and dunno anything, still need to learn from all of you (the seniors).
I am only keen in construction and property stocks.
Hope all of us (meaning you guys and myself) will make it HUAT one day in future.
You are great. Cheers.
2 weeks ago
V4E is right.
To me, it was moved up from 0.3 to the highest of RM1.0x then now still around 0.80, is already move up more than 200% liao!
2 weeks ago
All Johor Major developers already either in the midst of planning or constructing data centre.. This counter with such huge land bank still sleeping
Going to miss the train soon..
2 weeks ago
Chinese Premier Li Qiang’s visit to Malaysia next week will enhance bilateral ties
https://www.malaymail.com/news/malaysia/2024/06/16/chinese-premier-li-qiangs-visit-to-malaysia-next-week-will-enhance-bilateral-ties/139970
2 weeks ago
Once they finish restructure then u will see how powerful this stock , now they havent start press pedal !
1 week ago
中国国务院总理李强今日开始到周四（20日）访问大马，分析员认为，股市投资情绪可望受到提振，除了汽车和公共交通领域，建筑、产业、科技等领域股项也将获得支撑。
https://www.klsescreener.com/v2/news/view/1343873
1 week ago
Posted by zzzzz > 8 hours ago | Report Abuse
day day down,...worst among all JB related counters
SURE!
HIGH COST OF DIESEL UP BY 50% CAUSED CEMENT, STEEL & ALL OTHER CONSTRUCTION MATERIAL PRICES GO UP
CONSTRUCTION & PROPERTY WILL SEE LESSER PROFITS AND PEOPLE SELL LAH
GO BUY HEXCAP (0035) BETTER
Final decision is yours
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-06-12-story-h-159700552-HEXCAP_0035_A_TRILOGY_OF_3_BUSINESSES_FOR_DC_DATA_CENTERS_POWER_TRANSMI
1 week ago
THERE IS A LAND CLEANER & GREENER THAN SINGAPORE: AND LAND PRICES AS LOW AS 3 SEN SINGAPORE PER SQ FEET: WHERE TO FIND?
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-06-23-story-h-158783703-THERE_IS_A_LAND_CLEANER_GREENER_THAN_SINGAPORE_AND_LAND_PRICES_AS_LOW_A
BOOM CAPITAL ON EARTH
1 week ago
Just be patience for botak lim to finish restructuring and then China funds flow in to build data center in johor also , at the same time HSR also will start !
17 hours ago
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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.
2 weeks ago