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Online investment advisor Surf88.com writes on IGB and its prospects.
KUALA LUMPUR: Goldis Bhd’s takeover offer for IGB Corp has been described as unattractive by Public Invest Research as it downgraded IGB from Outperform to Neutral.
PETALING JAYA: IGB Corp Bhd's move to dispose of Mid Valley City Gardens Sdn Bhd (MVCG) to its 75%-owned KrisAssets Holdings Bhd is not entirely a surprise move as IGB has made its intention known for a while.
IGB Real Estate Investment Trust (REIT) expects the upcoming Southkey Megamall that is being developed by IGB Corporation in Johor Baru to be injected into its portfolio by late 2015.
IGB Corp Bhd's successful property projects and quality products have started to put the well-established property developer on the radar screen of the analyst fraternity.
FORMERLY known as Ipoh Garden Bhd, IGB Corp Bhd has always been a diversified property player; not only does it build residential units to commercial properties and hotels in the country, it also owns property investments abroad including the St Giles hotel chain in Britain and the MiCasa Hotel Apartments in Myanmar.