【IVORY 5175 交流专区】玮力产业

daoheng

玮力产业(IVORY,5175) [1]


太久没有写过公司特辑了,今天就写写在今年刚上市的产业公司玮力产业(IVORY,5175)

玮力产业(IVORY,5175)在今年刚上市,可能很多人对这间产业发展公司感到陌生,但对于Penang人来说,玮力产业(IVORY,5175)是一间名誉响当当的公司。

早在10年前,玮力产业(IVORY,5175)起步于Penang,刚开始时员工只有区区的5人,而在刘永福细心经营后,玮力产业(IVORY,5175)迅速成长,10年后的现在,公司员工已超过400人,正式成为Penang产业界信誉卓越的公司,产业累计发展價已超过34亿令吉。

而玮力产业(IVORY,5175)发展的第一象计划在我家不远,而当时这快土地本是计划建设建中价及中廉价组屋,並已售出75%的单位,但因为1999年金融风暴,发展商正面对清盤的問題。玮力产业(IVORY,5175)成功让股东及購购屋者让花地山莊转变兴建共管式公寓。

玮力产业(IVORY,5175)也成功利用这项计划打响在产业界的首炮,这公寓就是丽泽苑(Tanjung Park)

penangroad

收我们高级的价钱，给我们低级的成品

玮力产业(IVORY,5175)是一间名誉响当当的公司
Penang Time Square一大败笔
买PTS的人会说一间名誉臭当当的公司

有好几个Project都被Valuer说Over Market Value

还是比较喜欢IJM

daoheng

收我们高级的价钱，给我们低级的成品

玮力产业(IVORY,5175)是一间名誉响当当的公司
Penang Time Squa ...
penangroad 发表于 6-11-2010 01:57 AM

    Penang Time Square虽然在目前是一项败笔..但我绝对相信Ivory不会轻易让这项计划成为Ivory的污点,目前这项计划尚未全面建好..

相信未来一定激励改善Penang Time Square的形象..

penangroad

Penang Time Square虽然在目前是一项败笔..但我绝对相信Ivory不会轻易让这项计划成为Ivory的污点 ...
daoheng 发表于 6-11-2010 10:05 AM

他们是management咩
要改早就改了，现在去真的冷清到不行，如果不是为了去hair Impressxxxx剪头发，我想我不会踏进去咯




请看Penang Lang整样看PTS


http://cforum2.cari.com.my/viewthread.php?tid=2100119&extra=page%3D2

daoheng

他们是management咩
要改早就改了，现在去真的冷清到不行，如果不是为了去hair Impressxxxx剪头发， ...
penangroad 发表于 6-11-2010 08:42 PM

   

最近IVORY为了吸引人潮，开始转攻美食业

daoheng

他们是management咩
要改早就改了，现在去真的冷清到不行，如果不是为了去hair Impressxxxx剪头发， ...
penangroad 发表于 6-11-2010 08:42 PM

   

最近IVORY为了吸引人潮，开始转攻美食业

daoheng

他们是management咩
要改早就改了，现在去真的冷清到不行，如果不是为了去hair Impressxxxx剪头发， ...
penangroad 发表于 6-11-2010 08:42 PM

   

最近IVORY为了吸引人潮，开始转攻美食业

Unlimited2

我相信没几个槟州人敢买 IVORY 的股票。。

penangroad

我相信没几个槟州人敢买 IVORY 的股票。。
Unlimited2 发表于 7-11-2010 10:11 AM

我有买


一上市去到 1.40时就抛到完了，费事夜长梦多，钱在自己的pocket好过在人家的公司

wahd

ivory 怎样看？最近一直跌。。。。。。

jackphang

业绩不理想。
www.jackphanginvestment.com

rjry

回复 1# wahd

潜能很大，我也在观察中。


(posted by mobile)

jian888

在犹疑要不要下手..

Unlimited2

没前途的公司。。问问 PENANG 人啦！

唉活力

回复  wahd

潜能很大，我也在观察中。


(posted by mobile)
rjry 发表于 1-6-2011 10:46 PM

    你有没有那么神啊？
它那一乏给你看到有潜力？

唉活力

在犹疑要不要下手..
jian888 发表于 1-6-2011 10:54 PM

    你一下手就 ＂要（福建话）worry＂

veelucky

Company Name : IVORY PROPERTIES GROUP BERHAD  
Stock Name  : IVORY
Date Announced : 02/06/2011

Name : Dato’ Low Eng Hock
Address : 2182-D, Lorong Kampung Pisang
05100 Alor Setar, Kedah

NRIC/Passport No/Company No.
: 630322-02-5769
Nationality/Country of incorporation
: Malaysian
Descriptions
(Class & nominal value)
: Ordinary shares of RM0.50 each

Name & address
of registered
holder
: AMSEC Nominees (Tempatan) Sdn Bhd
15th Floor Bangunan Ambank Group,
55 Jalan Raja Chulan, 50200 Kuala Lumpur,
Wilayah Persekutuan


Details of changes
Currency
: Malaysian Ringgit (MYR)


Type of transaction Date of change No of securities Price Transacted ($$)
Acquired 30/05/2011  200,000  
Acquired 31/05/2011  86,000  
Acquired 01/06/2011  129,000  
   
   
   
   
   
   
   
   
   

Circumstances
by reason of which change has occurred
: Open market acquisition  

Nature of
interest
: Direct

Direct (units) : 96,438,766
Direct (%) : 51.849
Indirect/deemed interest (units)
: 0
Indirect/deemed interest (%)
: 0
Total no of securities after change
: 96,438,766
Date of notice : 02/06/2011

veelucky

Stock Name  : IVORY
Date Announced : 09/06/2011

Name : Dato’ Low Eng Hock
Address : 2182-D, Lorong Kampung Pisang
05100 Alor Setar, Kedah

NRIC/Passport No/Company No.
: 630322-02-5769
Nationality/Country of incorporation
: Malaysian
Descriptions
(Class & nominal value)
: Ordinary shares of RM0.50 each

Name & address
of registered
holder
: AMSEC Nominees (Tempatan) Sdn Bhd
15th Floor Bangunan Ambank Group,
55 Jalan Raja Chulan, 50200 Kuala Lumpur,
Wilayah Persekutuan


Details of changes
Currency
: Malaysian Ringgit (MYR)


Type of transaction Date of change No of securities Price Transacted ($$)
Acquired 06/06/2011  24,000

ccw85

回复 7# 唉活力


    哈 哈 哈 。 又 相 见 了 ， 从 槟 成 论 坛 搬 到 来 这 边 。 好 啊 ！ 大 家 讲 讲 看 。 IVORY是 不 是 I WORRY。 哈 哈 哈 。

veelucky

IPROPERTY
7 June 2011
S P Setia & Ivory are frontrunners for Bayan Mutiara
land
OVERWEIGHT
Nik Ikhwan Nik Mahmood
ikhwan-mahmood@ambankgroup.com
+603 2036 2299
(Maintained)t was reported in the press today that both S P Setia and Ivory Properties are the
frontrunners for the highly lucrative 40.5ha (circa 100 acres) land in Bayan Mutiara on Penang
Island. This prime land is being put out for sale as part of the state government’s effort to
raise funds.
• Recall that the Penang government had asked for a request for proposal (RFP) via Penang
Development Corp for the development of an initial 60 acres of the Bayan Mutiara land, which
is located south of the Penang Bridge and overlooking Pulau Jerejak.
• The RFP comes with the potential to develop an additional 40 acres through future
reclamation after the development of the initial 60 acres. The deadline for the RFP was
initially set for end-2010 but had been recalled and interested parties were requested to resubmit
their bids.
• Ivory has reportedly submitted the higher bid. The reserve price is about RM200psf – a
decent discount to George Town’s land ongoing rate of RM250psf. At the reserve price, the
initial 60 acres of seafront land would cost RM523mil.
• The development of this land would certainly involve a huge amount of capex given that the
winner would have to bear the reclamation cost on top of the land cost. Assuming
reclamation cost of RM40psf and an additional RM200psf for the reclaimed land, total outlay
for the 100 acres of land could amount to RM940mil. Both S P Setia and Ivory are in a good
position to bid for the land as their net gearings are comfortable at 0.3x-0.4x.
• We believe the development concept for the land would not be too dissimilar to the ones
already launched in the nearby seafront areas, i.e. an integrated residential and commercial
development. Assuming a plot ratio of 3x (taking the example of IJM Land’s The Light
development), efficiency ratio of 80%, construction cost of circa RM150psf plus a reclamation
cost of RM40psf, the breakeven is RM278psf. Judging from the recent average selling price of
RM550psf-RM600psf, development margins would be lucrative i.e. in the region of 40%.
• Both Ivory and S P Setia are household names in Penang with solid track records although
the latter is currently the only player without any project along Penang's southern corridor.
Nonetheless, this development would result in stronger NAV accretion to Ivory compared to S
P Setia. Our NAV estimate for Ivory would jump by 62% to RM4.24/share versus S P Setia’s
accretion of only 5% to RM5.66/share (fully diluted).
• We reaffirm our OVERWEIGHT stance on the property sector with our top picks being S P
Setia (FV: RM5.41/share) followed by IJM Land (FV: RM4.00/share) and Ivory (FV:
RM1.70/share). We have HOLDs on BRDB, Sunway City, Glomac and IGB Corp.