Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Tue, 26 Jan 2021, 8:15 AM

 

COMMENTS ON INNOPRISE PLANTATIONS BERHAD (6262) - louisesinvesting

Author:   |    Publish date:


 

FIGURE 1: INNOPRISE PLANTATIONS BERHAD LAST 2 YEARS SHARE PRICE TREND
 
**analysis based on 2018 annual report.
1.       GENERAL INTRO: INNOPRISE PLANTATIONS is one of the main oil palm plantations in Malaysia.
 
2.       NOTABLE POINTS:
a.       In 2018 report, main business segments include operation of oil palm plantations and palm oil mills
b.      the Group operates 6 oil palm estates in Sabah with a total planted area of 11,990 hectares and total annual fresh fruit bunches (FFB) production of 209,936 MT.
c.       the group also operates 1 palm oil mill that has a capacity of 60/90 MT FFB per hour and produced 46,542 MT CPO in 2018.
 
3.       IS THIS COUNTER A STRONG GROWTH STOCK? 
a.       REVENUE RANGE (million): ~114.2 million in 2018 annual report, this is a low revenue company.
b.      SHARE PRICE: from 2018-2020, share price has been decreasing from around RM1.20 to RM0.60, then raised to around RM1.00 by end of 2019
c.       EARNING PER SHARE (EPS): earning per share in last 5 years fluctuated from 1.27 to 8.79sen
d.      FUTURE POTENTIAL/PROSPECTS: share price expect to be stable in the next few years
e.      CAPITAL EXPENDITURE (CAPEX): spending on purchase of new fixed assets is RM 22.1 million, around 5% of total assets.
 
4.       IS THIS A STRONG DIVIDEND STOCK?     
a.       DIVIDEND YIELD: in 2018 financial year, INNOPRISE declared a dividend payout of 3 sen per share to shareholders, which amounts to a dividend yield of 3.09%.
b.      CONSISTENCY: the dividend payout was not consistent, dividend paid to shareholders in last five years (2014-2018) ranged from 0 to 4 sen per share.
c.       DIVIDEND PAYOUT RATIO: in 2018, INNOPRISE paid out 151% of its earnings to shareholders in the form of dividend.
 
5.       IS THE MANAGEMENT PERFORMANCE GOOD?
a.       RETURN ON EQUITY (ROE): in 2019 financial year, INNOPRISE achieved a low return of shareholders’ equity, at 3.07%.
b.      COST-TO-INCOME RATIO: cost-to-income ratio is high, at 815%.
 
6.       OTHER INDICATORS:
a.       CASH FLOW: cash flow is positive but quite low, around RM 1.53 million, equivalent to RM 0.003 per share
b.      SUPPORT BY INSTITUTIONAL INVESTORS: this counter is not well supported by institutional investors, there are only 9 institutional investors at top 30 major shareholders list, not including insurance companies and investment funds. Its major shareholder are Innoprise Corporation Sdn Bhd (50.22%) and TSH Resources Berhad (21.94%).
 

Disclaimer: The content of the blog posts are for sharing purpose only. Readers are encouraged to carry out further research and analysis as well as follow up latest update information before making any investment decisions

 

http://louisesinvesting.blogspot.com/2020/01/comments-on-innoprise-plantations.html

 

Share this
Labels: INNO

Related Stocks

Chart Stock Name Last Change Volume 
INNO 1.00 0.00 (0.00%) 19,000 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

341  234  535  1432 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 FINTEC 0.08+0.005 
 DNEX 0.29-0.01 
 KEYASIC 0.105+0.015 
 PBBANK 4.72+0.46 
 QES 0.39+0.025 
 PBBANK-C57 0.205+0.065 
 DNEX-WD 0.060.00 
 KSTAR 0.1750.00 
 BINTAI 0.635-0.01 
 SOLUTN 1.34-0.03 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. HARTA RESULTS RM1 BIL - WHAT IT MEANS FOR OTHER GLOVE PLAYERS? StockAdvisor FBMKLCI
2. Tan Sri Lim: “Being sick is being abnormal.” TOPGLOV allows only 2 paid sick leave p.a. LHL please make a police report if what you says is true! gloveharicut
3. Intco, Top Glove, Supermax - A Quick Comparison Trying to Make Sense Bursa Investments
4. CIMB: FREIGHT is trading at a 60.9% & 30.8% discount to its local & regional peers gloveharicut
5. Bargain hunting lifts GLOVEs share prices, say analyst, fund manager as situation remains 'volatile' gloveharicut
6. Jaks Resources - Final Update :- Jaks Hai Duong Power Plant achieved FULL COD ! DK
7. Eurocham: No mention of lockdown after Feb 4 in meeting with Miti save malaysia!
8. Health Ministry says govt not keen to implement MCO for a long period save malaysia!
PARTNERS & BROKERS