Last 2.87 MYR
Change Today 0.00 / 0.00%
Volume 83.0K
IGB On Other Exchanges
Symbol
Exchange
Kuala Lumpur
As of 4:50 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

igb corporation bhd (IGB) Snapshot

Open
2.87
Previous Close
2.87
Day High
2.88
Day Low
2.87
52 Week High
07/21/14 - 2.92
52 Week Low
08/28/13 - 2.41
Market Cap
3.8B
Average Volume 10 Days
195.5K
EPS TTM
0.17
Shares Outstanding
1.3B
EX-Date
03/10/14
P/E TM
17.3x
Dividend
0.03
Dividend Yield
2.61%
Current Stock Chart for IGB CORPORATION BHD (IGB)

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igb corporation bhd (IGB) Details

IGB Corporation Berhad, an investment holding company, is engaged in the development, investment, and management of real estate properties in Malaysia. It operates through four segments: Property Development, Property Investment and Management, Hotel, and Construction. The Property Development segment develops and sells condominiums, bungalows, linked houses, shoplots, and office suites. The Property Investment and Management segment rents retail and office buildings. The Hotel segment is involved in the operation of hotels. The Construction segment is engaged in civil and building construction activities. The company is also involved in the provision of hotel management, project management, building and maintenance, and exhibition services; trading of building materials; and ownership and operation of malls, educational institutions, MSC cyber centres, and food courts, as well as operates as a special purpose vehicle for issuance of bonds. In addition, it is engaged in the distribution of utilities; organization and co-ordination of stage performances; and management of real estate investment trust activities. The company is based in Kuala Lumpur, Malaysia.

igb corporation bhd (IGB) Top Compensated Officers

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

Executives, Board Directors

igb corporation bhd (IGB) Key Developments

IGB Corp. Mulls Acquisitions

IGB Corp. Bhd (KLSE:IGB) is looking for acquisitions. IGB Corp. Bhd will invest up to MYR 2 billion to acquire or construct hotels in Europe, Africa and Asia. Datuk Seri Robert C.M. Tan, Group Managing Director of IGB Corp. Bhd said, "IGB will inject RM500 million for this purpose. With the capital injection, we can acquire up to MYR 2 billion worth of properties as we can borrow from banks. We will build from scratch or take over existing hotels. Buying would be faster as we get immediate revenues. But in Europe, I'd rather build. The company may also consider acquiring troubled hotels in the Middle East."

IGB Corp. Bhd Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

IGB Corp. Bhd reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, revenue was MYR 296,080,000 against MYR 243,048,000 a year ago. Group revenue decreased by 6% when compared to the three months ended 31 December 2013 due to lower contribution from Property Development and Hotel divisions. Profit from operations was MYR 116,601,000 against MYR 93,582,000 a year ago. Profit before tax was MYR 114,633,000 against MYR 87,401,000 a year ago. Profit for the period attributable to equity holders of the company was MYR 58,352,000 against MYR 48,061,000 a year ago. Basic earnings per share were 4.32 sen against 3.40 sen a year ago. Net cash generated from operating activities was MYR 120,481,000 against MYR 49,815,000 a year ago. Additions to property, plant and equipment was MYR 60,519,000 against MYR 29,645,000 a year ago. Net assets per share attributable to ordinary equity holders of the parent were MYR 3.2879. Pre tax profit was increased by 31%, due to better performance from the Property Development and Property Investment divisions.

IGB Corp. Bhd, Annual General Meeting, May 28, 2014

IGB Corp. Bhd, Annual General Meeting, May 28, 2014., at 15:00 Singapore Standard Time. Location: Bintang Ballroom, Level 5, Cititel Mid Valley. Agenda: To receive the Reports and Financial Statements for the year ended 31 December 2013; to reappoint retiring Directors; to re-appoint PricewaterhouseCoopers as auditors and to authorise the Directors to fix their remuneration; to approve authority to issue shares pursuant to Section 132D of the Companies Act 1965; to approve renewal of shareholders' mandate for share buy-back; and to consider any other business of which due notice shall have been given in accordance with the Act and the Article.

 

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