Last 0.71 MYR
Change Today +0.01 / 1.44%
Volume 1.2M
IBHD On Other Exchanges
Symbol
Exchange
Kuala Lumpur
Kuala Lumpur
As of 3:57 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

i-bhd (IBHD) Snapshot

Open
0.70
Previous Close
0.70
Day High
0.71
Day Low
0.70
52 Week High
09/3/14 - 1.32
52 Week Low
12/17/13 - 0.57
Market Cap
511.7M
Average Volume 10 Days
3.0M
EPS TTM
0.17
Shares Outstanding
725.9M
EX-Date
09/3/14
P/E TM
4.1x
Dividend
0.02
Dividend Yield
2.14%
Current Stock Chart for I-BHD (IBHD)

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i-bhd (IBHD) Details

I-Berhad, an investment holding company, is engaged in the property investment and development activities primarily in Malaysia. The company operates through Property Development, Property Investment, Leisure, and ICT Services segments. It develops properties; contracts for construction work; owns land and property; and managed properties and complexes. The company also develops and manages i-City, Shah Alam as a MSC Malaysia Cybercentre and Technopreneur Campus; operates as an advertising agent, advertiser, and advertising contractor; manages network and telephony services; and promotes, markets, and manages events, and leisure and other tourism related activities. The company was formerly known as Sanyo Industries (Malaysia) Sdn Bhd and changed its name to I-Berhad in 1999. I-Berhad was founded in 1967 and is based in Shah Alam, Malaysia. I-Berhad is a subsidiary of Sumurwang Sdn. Bhd.

Founded in 1967

i-bhd (IBHD) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

i-bhd (IBHD) Key Developments

I-Berhad Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Operating Guidance for the Year Ending December 31, 2014 and Earnings Guidance for the Year 2015

I-Berhad announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 77,389,000 against MYR 35,538,000 a year ago. Profit before taxation was MYR 17,416,000 against MYR 3,689,000 a year ago. Profit attributable to owners of the parent was MYR 14,237,000 against MYR 2,677,000 a year ago. Earnings per diluted share attributable to owners of the parent were 2.88 cents against 1.17 cents a year ago. The increase in both the revenue and profit before tax of 119% and 370% respectively was mainly contributed by the property development segment. For the nine months, the company reported revenue of MYR 192,952,000 against MYR 96,486,000 a year ago. Profit before taxation was MYR 51,459,000 against MYR 16,786,000 a year ago. Profit attributable to owners of the parent was MYR 39,746,000 against MYR 14,390,000 a year ago. Earnings per diluted share attributable to owners of the parent were 12.52 cents against 6.31 cents a year ago. Net cash generated from operating activities was MYR 27,687,000 against MYR 10,433,000 a year ago. Purchase of property, plant and equipment was MYR 32,674,000 against MYR 15,724,000 a year ago. Development costs incurred for investment properties were MYR 4,242,000. The increase in both the revenue and profit before tax of 100% and 207% respectively was mainly contributed by the property development segment. The overall spectacular performance for both the current quarter and the financial period ended 30 September 2014 was driven by the higher percentage of recognition for both the project completion and sales for i-Residence, i-SOVO, i-SOHO and i-Suites projects. The company announced that barring any unforeseen circumstances and based on the aforementioned factors, the Board is confident that the group would achieve better operating results for the financial year ending 31 December 2014. The company expects earnings to hit a record next year 2015, helped by its MYR 820 million Grand i-Residence project in Kuala Lumpur which has been fully sold at an average MYR 2,300 per square feet.

I-Berhad To Raise Funds

I-Berhad (KLSE:IBHD) is planning to raise MYR 699 million. I-Berhad said it is raising MYR 197 million from a rights issue, MYR 502 million from from issuance of convertible securities of redeemable convertible unsecured loan stocks and irredeemable convertible unsecured loan stock to the vendor of the acquired lands.

I-Berhad Adopts Dividend Policy for the Financial Year Ending 31 December 2014

The board of directors of I-Berhad announced that the company has adopted a dividend policy of paying an annual dividend of at least 30% of its profit after tax to shareholders of the company. This dividend policy shall commence for the financial year ending 31 December 2014.

 

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IBHD

Industry Average

Valuation IBHD Industry Range
Price/Earnings 3.5x
Price/Sales 0.7x
Price/Book 0.9x
Price/Cash Flow 7.1x
TEV/Sales 1.1x
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