INNOPRISE PLANTATIONS BERHAD
KLSE (MYR): INNO (6262)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
1.41
Today's Change
0.00 (0.00%)
Day's Change
1.41 - 1.42
Trading Volume
88,800
Overview
Market Cap
675 Million
NOSH
479 Million
Avg Volume (4 weeks)
195,961
4 Weeks Range
1.41 - 1.48
4 Weeks Price Volatility (%)
0.00%
52 Weeks Range
1.23 - 1.58
52 Weeks Price Volatility (%)
51.43%
Previous Close
1.41
Open
1.41
Bid
1.41 x 195,700
Ask
1.42 x 31,900
Day's Range
1.41 - 1.42
Trading Volume
88,800
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#1] | 23-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 21-Aug-2024
T4Q P/E | EY
12.02 | 8.32%
T4Q DY | Payout %
7.27% | 87.41%
T4Q NAPS | P/NAPS
0.64 | 2.20
T4Q NP Margin | ROE
24.39% | 18.32%
News and Blogs
Company Profile
Sector: PLANTATION
Sector: PLANTATION
Subsector: PLANTATION
Subsector: PLANTATION
Description:
Innoprise Plantations Bhd is engaged in the business of cultivation of oil palm. The company operates through three segments namely Palm and bio-integration, Timber and Corporate. It?s Palm and bio-integration segment is involved in the cultivation of oil palm, manufacture and sale of crude palm oil and palm kernel, and generation and supply of electricity from a biomass plant. The Timber segment includes services related to log extraction. Its Corporate segment consists of corporate services and treasury functions.
Discussions
3 people like this. Showing 50 of 709 comments
RESULTS OF PALM OIL COMPANIES SHOW WIDE CONTRAST BETWEEN UPSTREAM & DOWNSTREAMS, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-02-24-story-h-187585827-RESULTS_OF_PALM_OIL_COMPANIES_SHOW_WIDE_CONTRAST_BETWEEN_UPSTREAM_DOWNS
2024-02-24 17:29
Those who are not out for a fast buck, Inno is not all that bad with CPO prices above RM4000..a 3 sen dividend in the pipeline & 80% dividend payout.. Though reported CPO output has been slightly lower, the average CPO prices seems to be better this 1st Q 2024.. Dividend being paid every quarter, the next one is just a couple of months away..But with a very small free float, trading in the stock may not be that exciting generally speaking.....in my view
2024-03-06 09:34
IF PALM OIL COMPANIES WILL GIVE OUT CONSISTENTLY HIGH DIVIDENDS: THEIR SHARE PRICES WILL RISE LIKE KLK, UTD PLANT OR INNOPRISE PLANT, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-08-story-h-186603663-IF_PALM_OIL_COMPANIES_WILL_GIVE_OUT_CONSISTENTLY_HIGH_DIVIDENDS_THEIR_S
WELL DONE INNO!
2024-03-08 13:30
Ways to Earn Money Online without Paying Anything
＊Start an Online Store. ...
＊Start a Blog. ...
＊Sell Stock Photos Online. ...
＊Offer Freelance Writing Services. ...
＊Create a YouTube Channel. ...
＊Become a Virtual Assistant. ...
＊Develop and Sell an Online Course. ...
＊Create an eBook.
2024-03-10 07:19
https://focusmalaysia.my/pmx-assures-indians-of-no-discrimination-in-malaysia-today-all-races-are-integral-to-malaysias-future/
so who should AEON sue? the social media troublemaker? Akmal? JAINJ? Umno? PH?
someone must be sued kaw kaw until no more pants!
2 months ago
Hold 3 years since covid, 1 of the best dividend stock and debt free, Sabah government ownership.
2 months ago
PALM OIL COMPANIES GOT 2 INCOMES: THE ACTIVE INCOME & PASSIVE INCOME OF A PALM OIL COMPANY, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-05-03-story-h-182016934-PALM_OIL_COMPANIES_GOT_2_INCOMES_THE_ACTIVE_INCOME_PASSIVE_INCOME_OF_A_
1 month ago
Very good Q1 result. Both EPS and DPS are considerably higher yoy. Next UP, maybe.
1 month ago
Welcome Sardin. Great to have you here. Good place to be. Hope you stay for a long time. Cheers.
1 month ago
2.25 sen brother. 12.5% increase yoy. More to come. Soon the share price will exceed RM 2 because dividend will be very high this year.
1 month ago
Thank you Sardin. Do you invest heavily in stocks? i see you have UP also. other than plantation stocks, are you buying a lot of others?
1 month ago
Wah, you so straight forward ah 🤣. Rafizi asked the same question. I'll consider buying a lot of others when one day become Lee Ka Seng.
1 month ago
Sardin, be more direct as i do not know how you apply it to stock investment.
where are you working and from which state? I am trying to be curious.
hope you can share more of yourself. thank you.
1 month ago
Nice to meet you. I would like to refrain from giving my personal information because it is not relevant to our discussion. I am not sure what exactly you want to know but I'd be happy to help where I could. But remember I am not your friend and I could be wrong sometime so please be very careful.
1 month ago
all right, then it does not matter. in this forum we talk about share investment only. i do not lose anything.
1 month ago
My view on Inno? Big U turn (going up) for both EPS and Div. Annual DY above 8% at current price if CPO can maintain 3,800.
1 month ago
Cheap1, because people look at the past where both EPS and DPS were in downtrend.
1 month ago
This is a complicated-to-analyze stock so I think it could be risky for you. When I ask myself more questions I found it to be relatively more "challenging" and "tricky" to value this stock. Maybe someone know it better than me so the price keep on dropping. Sometime market could be right while we could be wrong.
1 week ago
Fabien _the efficient capital allocator
Inno do not own the plantation land. By right, Inno should trade at a discount to the rest of plantation owners.
1 week ago
You're right, Fabien. There are at least 3 wonderful things about Inno. First, talk about the land. Land concession is until 2073. It had been extended before, and will be again in future. Company like UP needs to pay for the land as quite a lot of it are leasehold. This cost is recognized as amortization. Comparing this to the rental Inno is paying despite the fact that Inno owns no land, one will find that the "effective cost to use the land" for Inno is a significantly less (RM 1.83 per ha per year or RM 3.40 if you want to assign 0 cost to the land planted with laran trees and move all the cost to the oil palm plantation). The 2nd wonderful thing is this FY2024 EPS and DPS. I would like to get your view on that. Let's see if we got the same figure.
1 week ago
@moneyontheway, Q1 dividend already announced and will be paid on 28/6/24. 2.25 sen.
6 days ago
@Sardin:
> There are at least 3 wonderful things about Inno. First, talk about the land. Land concession is until 2073. It had been extended before, and will be again in future. Company like UP needs to pay for the land as quite a lot of it are leasehold. This cost is recognized as amortization. Comparing this to the rental Inno is paying despite the fact that Inno owns no land, one will find that the "effective cost to use the land" for Inno is a significantly less (RM 1.83 per ha per year or RM 3.40 if you want to assign 0 cost to the land planted with laran trees and move all the cost to the oil palm plantation). The 2nd wonderful thing is this FY2024 EPS and DPS.
Innoprise is in a cyclic commodity business, yet it enjoys a rather decent PER. We have to ask why. I feel the wonderful things you mentioned above are already priced in. From their own reporting, we know that the company is highly dependent on the price of CPO, which, after almost halving a couple of years back, has been stable at around RM 4,000 per ton. So, any growth in earnings must come from either increased production or improved productivity.
As of the end of 2023, the company reported that only 0.5% of the trees were immature; the rest were already producing. (In 2022, 261 hectares were planted with immature trees; this reduced to 56 hectares in 2023.) Regarding the laran trees, they are expected to achieve maturity only about eight years from now. Overall, we do not see much room for growth.
Regarding productivity improvement, the company reported that oil and palm kernel extraction rates improved by 1% and 3%, respectively, in 2023. This, too, suggests a lack of room for growth.
My screener shortlisted this stock because of its strong financials, profitability, and its closeness to the 200-day SMA, but its lack of growth prospects gives me pause. Let me know if I've missed something. Cheers.
5 days ago
I am happy if they can give at least 10 sen dividend every year. Hope not asking too much.
5 days ago
@Thirai Thiraviam. Happy to see your response and your thoughts. In the end all the thoughts must be summed up to EPS and DPS forecast in order to give yourself (ourselves) a clear buy, hold, or sell decision. So, based on your best knowledge in Inno, what would be the EPS and DPS for FY2024? After that I will respond in which areas you had not mentioned.
5 days ago
@lionel_messi and @Sardin -
For a company to pay a decent (and, hopefully, growing) dividend, it needs to have a decent and growing revenue. In the case of Innoprise, its dividend payout ratio of 0.88 is rather high, leaving very little room to further increase the payout ratio should revenue suffer for any reason. This high payout ratio also suggests that the company might not have significant growth opportunities requiring reinvestment of earnings.
I also looked at the company's net income and accounts receivables for Q1-23 and Q1-24. In Q1-23, net income was RM9.1 million and accounts receivables were RM2.28 million. For the latest quarter, receivables have more than doubled to RM4.67 million, while net income has only slightly improved to RM11.8 million.
I also have questions about the increasing values assigned to plantation trees*, but this suggests (to me, at least) that the company could be a little too creative in recognising revenue.
Given all the above, I’d give this company a pass. I see little upside in the near future, and the dividend would likely be cut if the price of CPO falls below its current RM4,000 per tonne.
* The following is from its 2023 annual report: "Biological assets classified as non-current assets represent standing growing trees to be harvested upon maturity. These plantation trees are measured at fair value less costs to sell. Any gains or losses arises from changes in the fair value less costs to sell are recognised in profit or loss."
4 days ago
Tqsm @sardin .. current price is 1.41 , n what is yr valuation . Is it a good time to enter ?
3 days ago
@Sardin tqsm for the advice .. I do read how u analyse UP n make some money in UP .. Tqsm again for the guidance
1 day ago
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
Stock Pick Contest Year 2024
2
Flowinvestment
3
BFM Podcast
4
BFM Podcast
5
BFM Podcast
6
7
BFM Podcast
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
INNO CAN GO HIGHER
WHY WHEN CPO PRICES ARE HIGH UPSTREAM PALM OIL PLANTERS WILL DO FAR BETTER , Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-02-22-story-h-188275986-WHY_WHEN_CPO_PRICES_ARE_HIGH_UPSTREAM_PALM_OIL_PLANTERS_WILL_DO_FAR_BET
2024-02-24 17:23