@LongTermInvestor8

It was a one time off delay in 2020.
Since then, didn't hear any more delays.

@treasurehunt
I believe the company will get another 5-year extension

@SooHai
Some of us not traders.
If the company is fundamentally good, getting in at a good price and keep the company as they grow their topline and bottomline is a much better option.

@paktua73
All the best.
Hopefully, you managed to catch it this round.

@LongTermInvestor8

Don Sahong has COD since Sept 2020.

Didn't see any news from Management on the delay in payment during AGM or bursa news.

@nickinvests

Without a good dividend yield, it would still be volatile.
It's almost 10% off it's 52-week high.
Probably slow down as it reached closer to 3.35

KOTA KINABALU (June 10): The Sabah government remains fully committed to pursuing all its constitutional and legislative rights to recover the State Sales Tax (SST) due for the sale of petroleum products from both Repsol Oil and Gas Ltd (REPSOL) and SEA Hibiscus Sdn Bhd (SEAH).

Sabah Second Finance Minister Datuk Seri Masidi Manjun said the step is in accordance with the State Sales Tax Enactment 1988.

https://www.theedgemarkets.com/article/masidi-sabah-committed-recover-state-sales-tax-repsol-sea-hibiscus

It's sad for Hibiscus not performing at this high crude oil and gas season.
I believe it's partly affected by news of UK windfall tax of 25%, inconsistent in off-takes, subsea riser malfunction and the recent Sabah SST tax concerns.

Barriers to entry for glove manufacturing seems low.
Many smaller players are able to start it easily.
However, large and established players eg: the top 4 glove makers have lower cost advantage due to their economies of scale.

North Sabah contribution estimated for Q4 is abt 1.2 mil bbls including missing offtakes from Q3.
with 5% SST removed, could boost bottomline by RM12mil to RM15mil.

When the next qr results coming, everyone will rush to buy in the expectation of the offtakes missed in Q3 will be reflected in revenue and net profit.
Just sit and watch

@NatsukoMishima

It will not be terminated per se
It's either Cocoaland management accept or reject the offer.

https://www.cnbc.com/2022/06/06/cramer-buy-the-dip-in-oil-stocks-stay-away-from-everything-else.html

Opec will increase another 200k pbl in July and August. Seems they need at least 12mth-15mth to replace the 1.8mil pbl crude oil supplied to EU which is 90% ban by year end.
Russia currently supplies crude oil of 5 mil pbl and 36% goes to EU bloc.
https://www.cnbc.com/2022/06/02/oil-prices-eu-sanctions-russia-saudi-arabia-output-opec.html
https://www.cnbc.com/2022/05/31/oil-prices-eu-russian-crude.html

Actually, crude oil above USD100 pbl is already very profitable for o&g companies. Whether is USD110 or USD120, it's matter of earning more or a lot more.r
In view that, 2 major o&g companies ; Serba and Sapura have collapsed, that leaves the investing community with only Yinson, Dialog, and Hibiscus in Bursa.

@steady31
Are you sure you are looking at the right chart?
With exception for the panic selling at the early stage of pandemic in March 2020, from Jan 2020 to June 2022, the stock price (adjusted for stock split) appreciated 44% excluding dividend. If you had collected it during the march 2020 selloff, you would have made 140%.

https://www.dairyindustries.com/news/38102/lactalis-unseats-nestle-in-2021-global-dairy-top-20/

I think many people are getting frustrated with the company's ongoing issues whereby the great assets are not able to translate into great earnings consistently as expected.
There's many great o&g companies out there too eg: Occidental Petroleum Corp, Chevron Corp, Devon Energy Corp, etc

The windfall tax would affect around 10% of the earnings from UK.
It's a small gesture to provide cost of living assistance to the British in this difficult times.

My opinion is this IST group will require at least 5 years before it's able to provide meaningful contribution to MFCB

@Why2TellMeWhy

Agreed with you on this.
I believe Inari the only OSAT in the world that is debt free based on latest QR.
To be fair for some here, they buy stocks in Jan, hoping to flip 30% gain by June.
Different investment horizon.

@Muyutin

Yes, you're right as witnessed in 2007/2008 financial crisis where crude oil top USD140pbl and slump to USD40 pbl in 6 months.
But the fact is no one can tell this event until it happens.
Besides that, it happens only once in 10-12 years.
You can wait till it happens.

Based on key pointer #3
3.As production volumes does not equate to sales volumes, we opine that it would be more appropriate to analyse Hibiscus on an annual basis – rather than quarter-to quarter as offtake batches are lumpy and huge in nature, which may deviate or create an earnings vacuum in certain quarters.

Summary: It will be difficult to determine annual earnings since crude oil prices can fluctuate upwards or downwards of more than 20%-30% within a few weeks. By the time it reaches the offtakes period towards year end, hopefully crude oil remain above USD100pbl.

Some key pointers:
1.Missed expectations – not due to operational/production issues but the unfortunate timing of offtakes in 3QFY22.

2.Revenue was flat while core net profit was down by 28% despite ours and market’s initial expectations of a multi-fold earnings growth QoQ. This is due to a misconception that production volume equals sales volume. For Hibiscus, sales are usually done in batches known as “offtakes”.

3.As production volumes does not equate to sales volumes, we opine that it would be more appropriate to analyse Hibiscus on an annual basis – rather than quarter-to quarter as offtake batches are lumpy and huge in nature, which may deviate or create an earnings vacuum in certain quarters.

4.On a QoQ comparison, 3QFY22 core net profit fell 37% QoQ to RM31mil due to the halving of North Sabah sales volume to 300K barrels as the company managed a single offtake vs. 2 in 2QFY22. Additionally, there was no sales offtake for Repsol asset’s Kinabalu production sharing contract (PSC).

5.We highlight that average daily net production decreased 21% QoQ to 4,695 barrels for North Sabah in 3QFY22 from unplanned production interruptions in January 2022 and an annual planned maintenance campaign in March this year.

6.Likewise, Anasuria also experienced an average daily net production decline of 20% QoQ to 1,983 barrels in 3QFY22 due to a continuing production riser malfunction, which is now expected to be rectified in 3Q2022.

A disappointment, no growth in revenue, at least profit margin improved.

@derrtan
Some may be cautious just in case the QR result is not as expected.
Wait for QR result then decide to top up or sell down.

https://www.thestar.com.my/business/business-news/2022/05/19/inaris-core-rf-segment-on-expansion-mode

@ychong88
Maybe it's time for you to look into other sectors that is more suitable for you as tech is just one of the many you can invest.
To share some light, tech experience a correction starting in Nov 2021 till today but do note that it had rallied for 11 years since 2010.

Not sure if BNM will allow the sale to Grab.
Just granted Grab a digital bank license and then Grab buys into a conventional bank?
Doesn't make any sense.
Besides that, in Spore, Grab + Singtel JV to start GXS bank. They don't even need to buy Spore bank shares.

@paktua73
No need to cut loss. Can keep for longer term since it provides dividend.
Unless you need the cash to feed yourself and family, then no choice.
I believe the supply chain issues should be resolve partially by 2022 as most suppliers are expanding capacity along the supply chain
China's covid situation should recover next month with most cities reopening.

Wait for results to determine the outcome to top up or reduce holdings

AGM next wed.
Will get to know more updates from management.

I think Inari should pursue for listing on Nasdaq if they are dropped from FBM KLCI
To get global recognition is more important and to attract large cap tech customers.

@stockpick2me

Yup, many things need milk but most commercial companies will use cheaper options like milk powder instead of fresh milk.
Besides, FFB targets retail customers where drinking milk is an option not a necessity especially during times of financial difficulty.

Yup, not much choice as companies can't sustain the increasing cost as well.
Can't please both shareholders and customers.
But milk is not a necessity unlike rice, wheat, etc

https://www.klsescreener.com/v2/news/view/988869/inari-3q-net-profit-rises-10-to-rm90-5mil-declares-2-2-sen-dividend

https://www.klsescreener.com/v2/news/view/988869/inari-3q-net-profit-rises-10-to-rm90-5mil-declares-2-2-sen-dividend

https://klse.i3investor.com/web/staticfile/view/451277

Quarter result will be out in 1-2 weeks.

@twynstar

Thanks for the HLIB report.
Good insight but the IB seems to have a lower net profit forecast for 2022.
Was expecting between rm400mil to rm450mil based on average USD90 pbl for fy2022
Unless, the earnings are based on long term contract with clients where earnings are not tied to the daily crude oil transacted price.

@snowball2000

Excluding the RM122.0 million share of profit in joint venture, I think the result is still good.

However, I have some concerns on the total borrowings (excluding lease liabilities) amounted to RM777.9 million, a RM120.0 million increase from RM657.9 million at the beginning of the year.
Even though, the increase was primarily due to additional borrowings to
part finance the acquisition of Stenta.

As interest rates will beginning to normalise from 2022 2nd half to 2023 by approximately 1%, hopefully management will take steps to further reduce the borrowings by funding acquisitions via private placements or warrants

@hoot9e996
@Stayhomemum
Are you referring to shareholdings?
For shareholdings, annual report disclose the top30.

If it's a conventional bank license, it would be profitable.
For a digital bank, providing services to unserved, underserved or unbanked individuals are not profitable biz.
Just my 2 cents.

https://www.thestar.com.my/business/business-news/2022/04/30/cengild-turbo-boosting-its-growth-post-ipo

@Max2838

Contract already booked between Boradcom and Apple till 2023 regardless of Apple experiencing slower or faster sales/profit.

https://www.cnbc.com/2020/01/23/broadcom-will-sell-apple-wireless-parts-for-three-years-as-5g-launches.html

@snowball2000

What is your expectation of the quarter results after factoring the mandatory windfall tax payment?

F&N trying to rival FFB with the new integrated dairy farming method

https://www.nst.com.my/business/2022/04/791871/fns-rm2155mil-estate-acquisition-value-accretive-says-midf-research

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=125508&name=EA_GA_ATTACHMENTS

Not easy job for the CEO
Balancing high cost with price hike.
Too little or no price hike, bottomline impacted and face the brunt from shareholders
Too much hike, consumer switch brands and market share impacted, face the brunt from shareholders,
Really a tough job for him

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/farm-freshs-regional-ambitions

https://www.sunwaymedical.com/doctor/dato-dr-tan-huck-joo