【IBRACO 5084 交流专区】伊布拉可

icy97

EX-date	02 Dec 2015
Entitlement date	04 Dec 2015
Entitlement time	05:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	Declaration of a Single Tier First Interim Dividend
Period of interest payment	to
Financial Year End	31 Dec 2015
Share transfer book & register of members will be	04 Dec 2015   to   04 Dec 2015 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490Kuala LumpurTel:0320849000Fax:0320949940
Payment date	14 Dec 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	04 Dec 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	04 Dec 2015
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0350
Par Value	Malaysian Ringgit (MYR) 0.500

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF NEW SUBSIDIARY
The Board of Directors of IBRACO BERHAD (“IBRACO”) is pleased to announce that IBRACO had on 8th January 2016 incorporated a subsidiary, IBRACO ASCENT SDN. BHD. (Company No.  1171729-H) (“IBRACO ASCENT”). IBRACO ASCENT’s issued and paid-up capital of RM100,000.00 is 74% owned by IBRACO and the balance of 26% is owned by MS KOID LI YEE, a Malaysian. The principal activities of IBRACO ASCENT are property investment and development. The Directors of IBRACO ASCENT are Mr Chew Chiaw Han and Mr Liu Tow Hua. Effects of the incorporation The said incorporation would not have material effect on IBRACO’s earnings and net assets for the financial year ending 31st December 2016. This announcement is dated 8th  day of January 2016.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2015	31 Dec 2014	31 Dec 2015	31 Dec 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	83,952	65,061	254,038	229,061
2	Profit/(loss) before tax	25,045	23,942	70,163	52,816
3	Profit/(loss) for the period	18,795	18,600	52,347	38,766
4	Profit/(loss) attributable to ordinary equity holders of the parent	16,641	15,724	46,040	36,379
5	Basic earnings/(loss) per share (Subunit)	3.24	3.90	11.03	9.04
6	Proposed/Declared dividend per share (Subunit)	3.50	10.00	3.50	10.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6286		1.8436

Remarks :

Net Assets (NA) is based on 496,405,652 shares in issue (31 December 2014: 126,624,095 shares in iss

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	39,005	57,180	39,005	57,180
2	Profit/(loss) before tax	12,002	16,618	12,002	16,618
3	Profit/(loss) for the period	8,847	12,656	8,847	12,656
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,092	10,555	8,092	10,555
5	Basic earnings/(loss) per share (Subunit)	2.42	2.62	2.42	2.62
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6447		0.6284

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	60,686	52,149	99,691	109,329
2	Profit/(loss) before tax	16,926	11,314	28,928	27,932
3	Profit/(loss) for the period	12,762	8,405	21,609	21,061
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,355	7,643	19,447	18,198
5	Basic earnings/(loss) per share (Subunit)	2.29	1.90	3.92	4.52
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6676		0.6284

icy97

IBRACO BERHAD

EX-date	07 Nov 2016
Entitlement date	09 Nov 2016
Entitlement time	05:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	Declaration of a Single Tier First Interim Dividend
Period of interest payment	to
Financial Year End	31 Dec 2016
Share transfer book & register of members will be	09 Nov 2016   to   09 Nov 2016 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490Kuala LumpurTel:0320849000Fax:0320949940
Payment date	18 Nov 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	09 Nov 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	09 Nov 2016
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.035
Par Value	Malaysian Ringgit (MYR) 0.500

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	32,431	60,757	132,122	170,086
2	Profit/(loss) before tax	7,485	17,186	36,413	45,118
3	Profit/(loss) for the period	4,448	12,491	26,057	33,552
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,361	11,201	23,808	29,399
5	Basic earnings/(loss) per share (Subunit)	0.88	2.36	4.80	6.88
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6764		0.6284

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	IBRACO BERHAD ("IBRACO" OR "THE COMPANY")- RELATED PARTY TRANSACTIONS
Pursuant to Paragraph 10.08(1) of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of Ibraco ("Board") wishes to announce that Ibraco had, on 6 February, 2017, entered into  the sale and purchase agreements pertaining to the related party transactions with the following directors and the persons connected to the director of  Ibraco. (1) Datuk Chew Chiaw Han (“Datuk Chew” or “the Purchaser”), the Managing Director and a major shareholder of Ibraco. (2) Mr Liu Tow Hua (“Mr. Liu” or “the Purchaser”), the Executive Director of Ibraco. On the even date, Ibraco also entered a sale and purchase agreement pertaining to a related party transaction with Liu Sze Wei and Liu Sze Leh, (“LZW” and “LZL” or “the Purchasers”) persons connected to Mr. Liu. Please refer to announcement details in the attachments. This announcement is dated 6 February, 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5331385

Attachments RPT Chew (TT3 SOHO).pdf RPT Liu (TT3 SOHO).pdf

icy97

Ibraco末季净利暴跌80% 仍正面看待产业前景
By Syahirah Syed Jaafar  / theedgemarkets.com   | February 24, 2017 : 7:12 PM MYT

（吉隆坡24日讯）Ibraco Bhd 2016财政年末季净利暴跌80%至327万令吉，同期净赚1656万令吉。

这家砂拉越产业发展商2016财年末季（截至2016年12月31日止）的营业额按年跌挫68%至2665万令吉，同期报8395万令吉。

纵观2016财年的业绩表现，Ibraco净利按年下跌41%至2707万令吉，2015财年净赚4596万令吉。

合共4季营业额共计1亿5877万令吉，上财年同期营业额累计2亿5404万令吉，跌幅为37%。

该集团今日向大马交易所报备，产品结构的变化、产业销售和完工状态对盈利皆有影响。

Ibraco表示，盈利表现也受到原料价格和人工成本变动的影响。

然而，该集团指出，迄今为止的产业需求一直都令人满意。

至于展望方面，该集团表示，计划在2017年推出更多产业项目，主要包括住宅和商用产业项目。

Ibraco近期也表示，希望重新调整产品组合，以囊括更多可负担房屋。

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	26,648	83,952	158,770	254,038
2	Profit/(loss) before tax	3,965	25,133	40,378	70,251
3	Profit/(loss) for the period	2,968	18,914	29,025	52,466
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,266	16,560	27,074	45,959
5	Basic earnings/(loss) per share (Subunit)	0.66	3.22	5.45	11.02
6	Proposed/Declared dividend per share (Subunit)	3.50	3.50	3.50	3.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6480		0.6284

icy97

伊布拉可126万售单位

（吉隆坡24日讯）伊布拉可（IBRACO,5084,主板产业组）126万2800令吉脱售TT3SOHO的3个单位，以套现作为营运资本。

该公司发文告表示，董事部预期整个脱售计划将在36个月内完成，有望为公司带来31万1000令吉盈利。

文章来源：
星洲日报／财经·2017.03.24

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	IBRACO BERHAD ("IBRACO" OR "THE COMPANY")- RELATED PARTY TRANSACTIONS
Pursuant to Paragraph 10.08(1) of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of Ibraco ("Board") wishes to announce that Ibraco had, on 23 March 2017, entered into sale and purchase agreements pertaining to related party transactions with Dr. Sharifah Deborah Sophia Ibrahim (“SDSI” or “the Purchaser”), the Non-Independent Non-Executive Director and a major shareholder of Ibraco. Please refer to announcement details in the attachment. This announcement is dated 23 March, 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5373665

Attachments RPT Deborah (TT3 SOHO)-23 3 2017.doc

icy97

1	09 May 2017	IBRACO BERHAD	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSIBRACO BERHAD ("IBRACO" OR "THE COMPANY") - RELATED PARTY TRANSACTIONS
2	09 May 2017	IBRACO BERHAD	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSIBRACO BERHAD ("IBRACO" OR "THE COMPANY") - RELATED PARTY TRANSACTIONS
3	09 May 2017	IBRACO BERHAD	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSIBRACO BERHAD ("IBRACO" OR "THE COMPANY") - RELATED PARTY TRANSACTIONS
4	09 May 2017	IBRACO BERHAD	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSIBRACO BERHAD ("IBRACO" OR "THE COMPANY") - RELATED PARTY TRANSACTIONS

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	19,063	39,005	19,063	39,005
2	Profit/(loss) before tax	3,454	12,002	3,454	12,002
3	Profit/(loss) for the period	3,690	8,847	3,690	8,847
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,336	8,092	3,336	8,092
5	Basic earnings/(loss) per share (Subunit)	0.67	2.42	0.67	2.42
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6547		0.6480

icy97

伊布拉可
3年净利可复增37%

2017年6月9日

分析：丰隆投行研究
目标价：97仙

最新进展

伊布拉可（IBRACO，5084，主板产业股）最近推出了发展总值达6亿5400万令吉的房产项目，当中包括吉隆坡的ContiNew、古晋的TT3以及Town Square Bintulu。

今年下半年，也会推出Northbank的首期项目。

截至今年首季，伊布拉可未入账销售达3亿290万令吉；是去年1亿5900万令吉营业额的1.9倍，相信今明年的获利能力非常强劲，并能支撑盈利增长。

近几年，扣除利息和税务前盈利（EBIT）赚幅维持在介于24至30%；高于同行平均的24%。

行家建议

与去年营业额及净利下降的的趋势不同，预计今年会是伊布拉可的转折点，因为最近及即将推出的项目；预计3年内的营业额，将年均复增31%。

今明年的核心净利，也将恢复之前的增长趋势，今年可涨29%至3490万令吉，明年可增至4930万令吉，年增幅41%。

我们预料，伊布拉可未来赚幅会企稳，3年净利可年均复增37%。

接下来，该公司计划推出的工程价值达30亿令吉，包括Northbank和古晋海滨扩建等。未进行工程的发展总值上看16亿5000万令吉，占地628英亩，足以维持未来盈利增长。



【e南洋】

icy97

伊布拉可获3亿合约

2017年7月18日
（吉隆坡17日讯）伊布拉可（IBRACO，5084，主板产业股）宣布，获砂拉越公共工程局（JKR）颁发总值3亿263万7946.81令吉的合约。

伊布拉可今日向交易所报备，独资子公司伊布拉可建筑私人有限公司，获砂拉越公共工程局颁发合约，负责建造及完成位于砂拉越木胶（Mukah）的新机场。

合约内容包括机场的最终构造、飞机跑道、通道、航站基建及建筑工程，预计将在36个月内完成。

伊布拉可指出，将通过内部融资及外部借贷来完成上述项目。【e南洋】

Type	Announcement
Subject	OTHERS
Description	AWARD OF CONTRACT
The Board of Directors of Ibraco Berhad ("Ibraco" or "the Company") is pleased to announce that its wholly owned subsidiary company, Ibraco Construction Sdn Bhd, had on 17 July 2017, received and accepted the Letter of Acceptance from the Jabatan Kerja Raya, Kuching, Sarawak to construct and complete the new Airport at Mukah, Sarawak via Package 2 - Final Formation, Airfield Pavement, Access Road, Landside Infrastuctures and Building Works ("Project"). The contract amount for the said Project is RM302,637,946.81 (Ringgit Malaysia Three Hundred Two Million Six Hundred Thirty Seven Thousand Nine Hundred Forty Six and Sen Eighty One only).  This Project shall commence upon site possession and shall be completed within Thirty-Six (36) months from the date of commencement. The risks associated with the Project are normal operational risks which shall be mitigated through internal controls and good governance in operating procedures. The Project, which will be funded via internally generated funds and external borrowing, is expected to contribute positively to the earnings and net assets of Ibraco for the duration of the Project and will not have any effect on the share capital and substantial shareholders' shareholdings of Ibraco's Group. The Project is in the ordinary course of business and is not subject to the approval of the shareholders of the Company. None of the directors and/or major shareholders of Ibraco or persons connected to them have any interest, direct or indirect, in the above  Project. This announcement is dated 17 July 2017.

icy97

伊布拉可
盈利展望亮丽

2017年7月19日

分析：达证券
目标价：1.00令吉

最新进展：

伊布拉可（IBRACO，5084，主板产业股）宣布，获砂拉越公共工程局颁发总值3亿260万令吉的合约，负责建造及完成位于木胶的新机场。

根据合约，公司将负责机场的最终构造、飞机跑道、通道、航站基建及建筑工程。

我们正面看待该合约带来的好处，因为该工程可多元化公司的收入；另外，伊布拉可正积极发展旗下的建筑业务，而这与公司的策略是一致的。

行家建议：

假设营运利润率有7%，在施工期间，预测该合约将为伊布拉可额外增加1380万令吉净利，或相等于每股2.8仙。

我们也将2017至2019财年的盈利预测，上调6至10%，并假设该合约于9月起生效。

今年3月，公司已有3.03亿令吉的未入账产业销售，再加上价值3亿260万令吉的建筑订单，公司未来盈利更有所保障。

另外，公司在古晋、民都鲁和吉隆坡一共拥有627英亩的地皮，发展总值达57亿令吉，可支撑公司的长期收入。

在调整盈利预测后，我们也将目标价由之前的92仙，上调至1令吉。因总回酬达17.9%，评级也由之前的“持有”，上修至“买入”。



【e南洋】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	22,338	60,686	41,401	99,691
2	Profit/(loss) before tax	4,375	16,926	7,829	28,928
3	Profit/(loss) for the period	3,333	12,762	7,023	21,609
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,016	11,355	6,352	19,447
5	Basic earnings/(loss) per share (Subunit)	0.61	2.29	1.28	3.92
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6608		0.6480

icy97

Ibraco以3700万购八打灵再也4幅地
Sulhi Azman/theedgemarkets.com
September 11, 2017 20:26 pm MYT

（吉隆坡11日讯）砂拉越产业发展商Ibraco Bhd拟以3744万令吉，收购雪兰莪州八打灵再也的4幅永久地契空地，总面积达1万5811.16平方米。

Ibraco补充道，收购八打灵再也地段的要价已调整至近每平方尺220令吉。

在Ibraco与两家公司Milan Sanctuary私人有限公司和Jurapat私人有限公司签订买卖协议后，此次收购意味着该集团在西马拓展业务的第二项投资。

该集团向大马交易所报备指，面向新班底大道（NPE）的地段获得八打灵再也市政厅（MBPJ）颁发一项用于综合商业发展的发展准证。

“公司现阶段仍未能确定发展地段的发展总值（GDV）和总盈利。”

Ibraco表示，这项购地计划是“适当的”，同时也是其“策略投资”的一部分，并认为“如今是时候进一步扩大该集团在西马的市占率”。

“发展这些地段将有助提升Ibraco未来的盈利水平，以及本集团在西马市场的地位。”

Ibraco表示，这项购地计划的成交价是基于“愿买愿卖”的形式达成，惟却没透露Milan Sanctuary和Jurapat股东的身份。

该集团指出，将以现金和贷款的方式来为购地计划筹资，其中30%来自现金储备，其余70%则向银行贷款，此举估计将推高目前的负债水平（0.44倍）至0.52倍。

截至6月底，Ibraco的现金余额达1508万令吉，贷款总额企于1亿5402万令吉。

该集团预计，这项购地计划或耗时360天。

（编译：倪嫣鴽）

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	IBRACO BERHAD ("IBRACO" OR THE "COMPANY")PROPOSED ACQUISITION OF LEASEHOLD VACANT LANDS MEASURING AGGREGATE AREA OF 15,811.66 SQUARE METER LOCATED ALONG BARU PANTAI HIGHWAY FOR AGGREGATE CONSIDERATION OF RM37,442,928.00 ("THE ACQUISITION")
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5540721

Attachments Announcement on Acquisition of PJ Lands.pdf

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3744万雪州购地．伊布拉可扩张西马看好

（吉隆坡12日讯）砂拉越房产公司伊布拉可（IBRACO，5084，主板产业组）进一步进军西马市场，宣布以3744万2928令吉收购雪兰莪土地。

该公司计划将上述158万12平方公尺土地，发展成为综合商用产业。

上述地库靠近新班底大道（Baru Pantai），每平方公尺收购价为220令吉。

分析

丰隆研究对此购地计划持温和正面看法，因有助该集团扩张版图至巴生河流域，之前该集团在郭拉萨路展开首项产业计划。

该行假设土地成本占发展总值为20%，则上述地库发展总值预期为1亿8700万令吉，发展总值将提高3.3%，至59亿令吉。

丰隆说，上述地库在2011年获得发展准证，该公司将修改发展计划，并重新申请新的准证。收购70%资金来自借贷，负债比将从0.44倍走高至0.52倍。

若上述计划的息税前利润（EBIT）定为22%，丰隆预期该公司可从上述发展计划增加4仙的重估净资产估值（RNAV）。

丰隆看好该公司过往3年的盈利复合成长（CAGR）达42%，未入账销售稳健处于1.8倍，赚幅高于市场平均水平，周息率4%，相当诱人。因此维持该公司“买进”评级及1令吉目标价。

文章来源：
星洲日报‧财经‧2017.09.12

icy97

Ibraco与HELP合作 提供K-12和大学预科教育
Sulhi Azman/theedgemarkets.com
October 04, 2017 20:14 pm MYT

（吉隆坡4日讯）砂拉越产业发展商Ibraco Bhd与HELP Education Services私人有限公司合作，提供小学、中学和大学预科教育。

Ibraco指出，已与HELP成立了一家联营公司，名为Ibraco Help Education私人有限公司，初始缴足资本为100令吉。

Ibraco今日向大马交易所报备说，该联营公司也将提供本地或外国机构的教育服务。

HELP成立于1986年，是国内领先的学术机构，以社会科学，尤其是商业、经济、法律和心理学著称。

HELP也是私募股权公司Southern Capital Group在东南亚地区的投资公司之一。

Ibraco在2016年报中宣布，将首次进军国际教育业务，作为多元化收入来源的策略之一，同时提高产业发展项目周边的价值。

Ibraco在年报指出：“这个新业务的资本开销估计约为5500万至6000万令吉，并将在两年内完成。”

（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	IBRACO BERHAD ("IBRACO" OR "THE COMPANY") - INCORPORATION OF A JOINT VENTURE COMPANY
INTRODUCTION The Board of Directors of IBRACO wishes to announce that IBRACO has on 4 October  2017 incorporate a joint venture company, IBRACO HELP EDUCATION SDN. BHD. (“IHESB”) with an initial paid-up capital of RM100.00 represented by 100 ordinary shares. IHESB is incorporated for the purpose of joint venture with HELP Education Services Sdn. Bhd. The intended principal activity of IHESB is to provide education at primary, secondary and pre-university levels alone or in conjunction with either local and foreign institutions. The incorporation of IHESB will not have any material effect on the share capital, shareholding structure, net assets and earnings of the Company. None of the directors and/or major shareholders of the Company or persons connected to the directors and/or major shareholders of the Company have any interest, direct or indirect in the said incorporation. The Directors of the Company, after having considered all aspects of the aforesaid incorporation, are of the opinion that the aforesaid incorporation are in the best interest of the Company. This announcement is dated 4 October, 2017.

icy97

伊布拉可
拨6000万投资教育

2017年10月10日

分析:达证券
目标价：94仙最

新进展

伊布拉可（IBRACO，5084，主板产业股）成立伊布拉可HELP教育私人有限公司，以配合HELP教育服务私人有限公司的联营计划，共同发展教育业务。

HELP教育私人有限公司志在提供小学、中学和大学先修水平教育，或涵盖本地和外国教育机构的相关课程。

行家建议

我们预计，该集团将在两年内，为教育新业务的发展，投入5500万令吉至6000万令吉的资金。

目前，该集团正忙碌于其古晋大型旗舰项目“Northbank”的推出，并与HELP教育服务合作，在该项目内设立教育中心，预计2019财年开始营运。

这将多元化集团收入来源，及增强其Northbank推出的项目价值。

西马方面，该集团会在适当的时机，寻找雪州八打灵再也的新发展订单和土地。

截至今年6月，该集团净负债达1亿3700万令吉，净负债比率达0.4倍，预计收购土地和教育业务的资本开销，会将该比率推高至约0.6倍。

但是，相信该集团强劲的资本，将继续支撑其未来发展和扩展计划，惟不排除通过发售新股，以加强资产负债表。



【e南洋】