GOOD ASSETS
IVORY 5175 Share Price
RM0.07
52 Weeks Range : 0.04 - 0.13
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
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 30/11/22 | 3,916 | -46,551 | -46,496 |
| 30/08/22 | 5,127 | -3,082 | -3,082 |
| 31/05/22 | 14,236 | -27,455 | -29,671 |
| 24/02/22 | 6,626 | -18,575 | -18,795 |
| 25/11/21 | 1,991 | -12,968 | -13,133 |
| 17/09/21 | 2,868 | -14,176 | -14,368 |
| 30/06/21 | -43,263 | -56,378 | -57,088 |
| 23/02/21 | 15,551 | -562 | -1,373 |
| 26/11/20 | 22,426 | -523 | -4,163 |
| 28/08/20 | 2,403 | -7,637 | -7,882 |
| 30/06/20 | 23,440 | -10,574 | -12,573 |
| 28/02/20 | 2,114 | 954 | 920 |
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 5 | 0.075 |
| Exponential Moving Average 20 | 0.077 |
| Exponential Moving Average 90 | 0.081 |
| Relative Strength Index 14 | 0.54 |
| Stochastic %D 3 | 0.67 |
| Stochastic %K 14 | 0.80 |
9 reviews for IVORY 5175
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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
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.
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.
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.
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.
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.
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
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.
Investing Malaysia –
Average investing volume for Ivory Properties Group Bhd in the past three months in stock market was 270.2k lots
Investing Malaysia –
IVORY gets a score of 28.27 in our equity and assets quality test based on current share price of RM0.155
Investing Malaysia –
Ivory Properties Group Bhd gets a score of 19.04 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 5175 in Bursa Malaysia declared adjusted 2.17% dividend yield in past few years
Investing Malaysia –
IVORY is forecasted to made loss of 5.02 millions, with an adjusted market capitalization of 80.86 millions
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