Last 2.62 MYR
Change Today +0.01 / 0.38%
Volume 100.0K
As of 3:44 AM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

igb corporation bhd (IGB) Snapshot

Open
2.61
Previous Close
2.61
Day High
2.62
Day Low
2.61
52 Week High
11/4/14 - 2.97
52 Week Low
12/18/14 - 2.46
Market Cap
3.5B
Average Volume 10 Days
201.4K
EPS TTM
0.15
Shares Outstanding
1.3B
EX-Date
03/10/14
P/E TM
17.4x
Dividend
0.03
Dividend Yield
0.95%
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. As of November 6, 2014, IGB Corp. Bhd operates as a subsidiary of Goldis Berhad.

igb corporation bhd (IGB) Top Compensated Officers

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Executives, Board Directors

igb corporation bhd (IGB) Key Developments

IGB Corp. Bhd Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

IGB Corp. Bhd reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 291,400,000 against MYR 281,833,000 a year ago. Profit from operations was MYR 100,005,000 against MYR 118,363,000 a year ago. Profit before tax was MYR 90,923,000 against MYR 117,441,000 a year ago. Profit for the period was MYR 68,982,000 against MYR 83,808,000 a year ago. Attributable to equity holders of the company was MYR 34,204,000 against MYR 57,160,000 a year ago. Basic earnings per share were 2.55 sen against 4.08 sen a year ago. For the nine months, the company reported revenue of MYR 880,531,000 against MYR 776,674,000 a year ago. Profit from operations was MYR 337,070,000 against MYR 316,134,000 a year ago. Profit before tax was MYR 318,589,000 against MYR 315,203,000 a year ago. Profit for the period was MYR 249,355,000 against MYR 240,270,000 a year ago. Attributable to equity holders of the company was MYR 159,111,000 against MYR 166,251,000 a year ago. Basic earnings per share were 11.87 sen against 11.86 sen a year ago. Net cash generated from operating activities was MYR 303,162,000 against MYR 339,584,000 a year ago. Additions to property, plant and equipment were MYR 264,319,000 against MYR 410,167,000 a year ago.

IGB Corp. Bhd Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Group Earnings Guidance for the Fiscal 2014

IGB Corp. Bhd announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of MYR 293.05 million against MYR 251.79 million a year ago. Profit from operations was MYR 120.46 million against MYR 104.19 million a year ago. Profit before tax was MYR 113.03 million against MYR 110.36 million a year ago. Profit attributable to owners of the company was MYR 66.6 million against MYR 61.03 million a year ago. Basic earnings per share were 4.95 sen against 4.33 sen a year ago. The group revenue increased due to higher contributions from all operating divisions. Group pre-tax profit increased by 2% due to better performance from most of the operating divisions. For the six months, the company reported revenue of MYR 589.13 million against MYR 494.84 million a year ago. Profit from operations was MYR 237.06 million against MYR 197.77 million a year ago. Profit before tax was MYR 227.7 million against MYR 197.76 million a year ago. Profit attributable to owners of the company was MYR 124.91 million against MYR 109.09 million a year ago. Basic earnings per share were 9.30 sen against 7.75 sen a year ago. Net cash generated from operating activities was MYR 255.84 million against MYR 74.43 million a year ago. Additions to property, plant and equipment was MYR 168.89 million against MYR 70.89 million a year ago. Barring unforeseen circumstances, the board is optimistic that operational results for 2014 will be better than the previous financial year.

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."

 

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IGB

Industry Average

Valuation IGB Industry Range
Price/Earnings 16.3x
Price/Sales 2.7x
Price/Book 0.7x
Price/Cash Flow 16.5x
TEV/Sales 0.4x
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