5 day volume Average = 135,280
20 day volume Average = 109,725
90 day volume Average = 664,220
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3.1/10 (Expert Score)
Product is rated as #79 in category BM Property
PROS:
  • High Tangible-to-Price ratio
CONS:
  • Making Huge Loss
  • No Dividend Declared
  • High Debt Company
  • Very High Gearing
  • Poor Market Liquidity

klse: Ivory Properties Group Bhd


Corporate Information

Board   : Main

Shariah : Shariah Compliant

Sector   : Construction Civil Engineering Property Development Property Investment and Management

Address: 81-11-1, Jalan Dato’ Keramat, Georgetown, 10150, Penang

Contact: +604-2108000

Website: https://www.ivory.com.my/
 

Corporate Background

Ivory Properties Group Bhd. is a property development company. The Company’s project portfolio includes medium to high-end apartments, luxury condominiums, semi-detached and bungalow homes, boutique gated communities, and retail and commercial lots.

Specification: IVORY 5175

Market Capital (RM) 34, 305, 581
Forecasted Profit or Loss (RM) -19, 543, 673
Estimated Future EPS (sen) -3.988
Perspective P/E ratio -1.755
Estimated Dividend Yield (%) 0
Adjusted NTA (RM) 0.37

Result

Quarter Report History

DateRevenue,kPBT,kNet Profit,k
30/11/223,916-46,551-46,496
30/08/225,127-3,082-3,082
31/05/2214,236-27,455-29,671
24/02/226,626-18,575-18,795
25/11/211,991-12,968-13,133
17/09/212,868-14,176-14,368
30/06/21-43,263-56,378-57,088
23/02/2115,551-562-1,373
26/11/2022,426-523-4,163
28/08/202,403-7,637-7,882
30/06/2023,440-10,574-12,573
28/02/202,114954920

Fundamental

Fundamental Analysis

Last 4 Quarter Revenue (RM’000)29,905
Last 4 Quarter Net Profit (RM’000)-98,044
Last 4 Quarter EPS (sen)-20.01
Last 4 Quarter PER
Last 4 Quarter Dividend (sen)
Last 4 Quarter Dividend Yield (%)
Net Tangible Assets (RM)0.48
Goodwill (RM)0
Cash (RM’000)15,410
Debt (RM’000)0
Total Debt (RM’000)126,860
Net Assets (RM’000)461,840
Current Ratio
Quick Ratio
Cash Ratio

Technical

Technical Analysis

MACD (26 vs 12)-0.001
Exponential Moving Average 50.075
Exponential Moving Average 200.077
Exponential Moving Average 900.081
Relative Strength Index 140.54
Stochastic %D 30.67
Stochastic %K 140.80

Shareholders

Top 30 Shareholders

Shareholder NameFinancial YearNumber (Ratio)
AMSEC Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Eng Hock 202162,238,766 (12.700)
MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Eng Hock 202147,265,455 (9.640)
Maybank Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Eng Hock 202136,610,000 (7.470)
Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Dato’ Low Eng Hock 202134,129,000 (6.960)
Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Khoo Siew Siew 202128,228,404 (5.760)
Low Eng Hock 202125,660,529 (5.240)
Ooi Choi Kiat 202119,599,097 (4.000)
Alliancegroup Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Lee Foo San 202117,800,000 (3.630)
HLB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Ooi Choi Kiat 20216,750,000 (1.380)
RHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Choong Lye Fong 20216,250,000 (1.280)
NLY Development Sdn Bhd 20215,817,300 (1.190)
RHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Tan Boon Yew 20215,405,000 (1.100)
Alliancegroup Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Eng Hock 20214,000,000 (0.820)
Tohtonku Sdn. Berhad 20212,276,100 (0.460)
Lim Weng Tai 20212,232,100 (0.460)
Maybank Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Hooi Bee 20212,137,500 (0.440)
Public Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Ooi Choi Kiat 20211,800,000 (0.370)
Kenanga Nominees (Tempatan) Sdn Bhd Rakuten Trade Sdn Bhd for Lee Xiang Jiun 20211,789,100 (0.370)
Teo Kwee Hock 20211,299,000 (0.270)
Tan Kim Hee 20211,236,300 (0.250)
Chin Sin Lin 20211,200,000 (0.240)
Lim Kim Yam 20211,198,600 (0.240)
Kam Foong Keng 20211,000,000 (0.200)
Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Yau Kok Seng 20211,000,000 (0.200)
Chin Kian Fong 2021992,500 (0.200)
CGS-CIMB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Khor Kim Hock 2021932,375 (0.190)
Affin Hwang Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Chai Chau @ Peh Chai Chau 2021900,000 (0.180)
Public Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Chong Yin Chiang 2021900,000 (0.180)
Tan Bee Choon 2021900,000 (0.180)
Toh Wei Xiang 2021898,800 (0.180)

9 reviews for IVORY 5175

2.3 out of 5
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  1. BURSA MALAYSIA

    BURSA MALAYSIA

    Total revenue decreased by 24% quarter-on-quarter to RM3.9 million from RM5.1 million due to completion of the construction work in the first quarter of 2023. Net loss for 2QFY2023 increased to RM46.5 million from RM3.1 million reported in the preceding quarter caused by inventories written down

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  2. BURSA MALAYSIA

    BURSA MALAYSIA

    Total revenue decreased by 64% quarter-on-quarter to RM5.1 million from RM14.2 million due to lower progress billings from the construction division. Net loss for 1QFY2023 decreased by 91% to RM3.1 million from RM33.2 million reported in the preceding quarter due to the absence of one-time non-cash assets written off of RM33.2 million.

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  3. BURSA MALAYSIA

    BURSA MALAYSIA

    Total group revenue increased 115% quarter-on-quarter in 4QFY2022 to RM14.2 million, from RM6.6 million in 3QFY2022 due to higher progress billing from the construction division and higher sales of completed development properties. Net loss for 4QFY2022 increased by 58% to RM29.7 million from RM18.8 million reported in the preceding quarter.

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  4. BURSA MALAYSIA

    BURSA MALAYSIA

    Total group revenue increased 233% quarter-on-quarter in 3QFY2022 to RM6.6 million, from RM2.0 million in 2QFY2022 due to higher progress billing from the construction division and higher sales of completed development properties. Net loss for 3QFY2022 increased 43% to RM18.8 million from RM13.1 million reported in the preceding quarter.

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  5. BURSA MALAYSIA

    BURSA MALAYSIA

    Total revenue declined 378% or RM58.8 million to a negative revenue of RM43.3 million from RM15.5 million recorded in the immediate preceding quarter as a result from the cancellation of sales and cash discount given. The Group recorded a net loss of RM57.1 million for the current quarter compared to RM1.4 million reported in the immediate preceding quarter.

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  6. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group’s revenue declined by 90% to RM2.4 million for the current quarter compared to RM23.4 million in the preceding quarter. The Group’s performance was significantly affected by the Order, which halted the construction activities at all sites. The current quarter’s result of net loss after tax of RM7.9 million is 37% lower than the loss after tax of RM12.6 million reported in the preceding quarter due to one-time written down of inventories and one-time written off of certain development costs.

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  7. REMUNERATION STUDY

    REMUNERATION STUDY

    In Financial Year End 2020, the directors’ remuneration was 5.07 million. It was high compared to average in listed companies, considering the employees’ remuneration of 20.1 million and auditor’s remuneration of 155 thousands

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  8. BURSA MALAYSIA

    BURSA MALAYSIA

    Total revenue increased by 1,009% or RM21.3 million to RM23.4 million from RM2.1 million in the immediate preceding quarter due to the derecognition of revenue in the last quarter under MFRS 15. Despite higher revenue, net loss for the current quarter stood at RM12.6 million compared to a net profit of RM0.9 million for the immediate preceding quarter due to a higher share of the joint venture company’s net profit, and the gain on disposal of the investment in the joint venture company.

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  9. Avatar

    Investing Malaysia

    Average investing volume for Ivory Properties Group Bhd in the past three months in stock market was 270.2k lots

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  10. Avatar

    Investing Malaysia

    IVORY gets a score of 28.27 in our equity and assets quality test based on current share price of RM0.155

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  11. Avatar

    Investing Malaysia

    Ivory Properties Group Bhd gets a score of 19.04 in our stability test after the balance sheet, money statement study

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  12. Avatar

    Investing Malaysia

    Stock code of 5175 in Bursa Malaysia declared adjusted 2.17% dividend yield in past few years

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  13. Avatar

    Investing Malaysia

    IVORY is forecasted to made loss of 5.02 millions, with an adjusted market capitalization of 80.86 millions

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  14. REMUNERATION STUDY

    REMUNERATION STUDY

    In Financial Year End 2019, the directors’ remuneration was 5.38 million. It was high compared to average in listed companies, considering the employees’ remuneration of 27.8 million and auditor’s remuneration of 174 thousands

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