Highlights
KLSE: IOICORP (1961)       IOI CORP BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
3.93   +0.03 (0.77%)  3.86 - 3.93  786,400
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Overview

Market Cap: 24,594 Million
NOSH: 6,258 Million
Avg Volume (4 weeks):1,305,410
4 Weeks Range:3.69 - 4.02
4 Weeks Price Volatility (%):
72.73%
52 Weeks Range:3.54 - 4.40
52 Weeks Price Volatility (%):
45.35%
Average Price Target: 4.47
Price Target Upside/Downside: +0.54

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2021 [#1]  |  24-Nov-2021
Next QR | Est. Ann. Date: 31-Dec-2021  |  23-Feb-2022
T4Q P/E | EY: 17.64  |  5.67%
T4Q DY | Payout %: 2.67%  |  47.18%
T4Q NAPS | P/NAPS: 1.5842  |  2.48
T4Q NP Margin | ROE: 11.47%  |  14.06%

Headlines

Date Subject
17-Jan-2022 IOI Corporation - Labour audit completed
11-Jan-2022 Plantation - 5-month Low Stockpile
04-Jan-2022 Plantation - Near-term CPO Price to Remain Elevated
27-Dec-2021 [转贴]【南洋独家】指控剥削劳动·马股闻风丧胆 安迪霍尔何方神圣?
20-Dec-2021 Plantation Outlook 2022 - Victim of its own success
13-Dec-2021 Plantation - Stockpile Declines on Seasonal Factor
10-Dec-2021 MPOB Monthly Statistics Nov 2021 - Inventory eased on higher export and lower production
02-Dec-2021 Plantation Sector - 3Q21 Results Review
25-Nov-2021 IOI Corporation - Ahead of expectations
25-Nov-2021 IOI Corporation - Fair value losses of RM108.7mil in 1QFY22
25-Nov-2021 IOI Corporation - A Strong Start to FY22
25-Nov-2021 IOI Corporation - Off to A Good Start
25-Nov-2021 IOI Corporation Berhad - Beat Expectations
25-Nov-2021 Mplus Market Pulse - 25 Nov 2021
11-Nov-2021 Plantation - Stockpile Up on Higher Output and Weaker Exports
10-Nov-2021 MPOB Monthly Statistics Oct. 2021 - Ending stocks higher at 1.83m tonnes
08-Nov-2021 Plantation - 3Q21 Results Preview
29-Oct-2021 Mplus Market Pulse - 29 Oct 2021
28-Oct-2021 9年来首度重返国际市场筹资 IOI集团发12.45亿债券
28-Oct-2021 Mplus Market Pulse - 28 Oct 2021

Business Background

IOI Corp Bhd is one of the world’s largest integrated palm oil producers. Its operations include oil palm plantations and manufacturing divisions. The plantations are monitored to check oil palm nutrient status, seed breeding, ground conditions, and other data sources to improve the efficiency of each estate. The majority of revenue from the plantations comes from sales to its manufacturing divisions. Once the oil reaches the manufacturing divisions, it can be refined to create snack ingredients, soap, plastics, fatty acids, and other oils. The products are exported worldwide to many different customers, including some multinational corporations.
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  6 people like this.
 
alvin5588 bottom fishing...
02/06/2021 11:20 AM
UndukNgadau http://www.dailyexpress.com.my/news/172226/s-kan-factory-catches-fire/
04/06/2021 11:55 AM
UndukNgadau IOI is the only other refinery at Sandakan
04/06/2021 11:56 AM
defragmenter Why is this share keep bottoming? Shit
15/06/2021 7:00 PM
Uniglobe I’m new to ioi, can buy at current level??
Will drop further?
Thinking to start to buy some using by funds from Isinar.
17/06/2021 1:48 PM
Ahmadahmad88 since here is quiet, i think can batch by batch.
17/06/2021 1:51 PM
Ahmadahmad88 Sell when noisy
17/06/2021 1:52 PM
defragmenter It is unusually low now. Go and see 5 years history
17/06/2021 8:29 PM
aoisky @defragmenter do u mean low season ?
23/06/2021 3:01 PM
defragmenter I mean the price is almost at 5 years lowest. (I dont consider march 2020 fall). It has never been so low.
25/06/2021 11:09 PM
Hafid You know why so low no workers to harvest crop
28/06/2021 3:43 PM
Hafid Workers permit for most of the plantation could not renew due to lock down by our immigration office.... So how to get worker. And how to harvest...
28/06/2021 3:44 PM
amirh112003 Locals
01/07/2021 2:48 PM
Mabel Although FCPO is trading near the critical resistance, buying interest remained elevated, thanks to
external boost from Soybean Oil. A stronger market structure was observed within a smaller timeframe, and we expect FCPO to test the upper resistance level ahead.

SUPPORT
S1: MYR3,840 S2: MYR3,740

RESISTANCE
R1: MYR4,000 R2: MYR4,155

MOMENTUM
Improving buying interest

TREND
Re challenge the resistance

Meow
14/07/2021 7:15 PM
focusinvesting A close competitor to KLK but both IOI and KLK are still lacking compared to UP.
https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/
17/07/2021 11:44 PM
zanbini Post removed. Why?
18/07/2021 9:24 AM
Bgt 9963 Post removed. Why?
18/07/2021 11:12 AM
guppycrow Horizon beta stock pick for rubber and palm oil
04/08/2021 8:25 AM
Bgt 9963 Post removed. Why?
04/08/2021 8:46 AM
John88820202021 EPS 8c dividend 5
18/08/2021 3:11 PM
calvintaneng Hold tight & buy TSH

https://klse.i3investor.com/servlets/forum/600577451.jsp
24/08/2021 7:29 PM
Colgate ... 股票经营者非常狡猾。我没有大钱来和有钱的股票经营者竞争。不要和股票经营者争夺。
25/08/2021 7:51 PM
Bgt 9963 Post removed. Why?
26/08/2021 8:53 AM
calvintaneng FLOW OF HOT MONEY - HOW MARKET BEHAVES : Reposted by Calvin Tan Research (With Additional input on Palm Oil

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-08-19-story-h1569828827-FLOW_OF_HOT_MONEY_HOW_MARKET_BEHAVES_Reposted_by_Calvin_Tan_Research_Wi.jsp

IOI long term veteran bluchip

1st Blue Chip

Then 2nd liners TSH & TAANN

After that 3rd liners Thplant & Bplant
26/08/2021 10:34 AM
Keyman188 OMG...Foreign funds coming back...

Last min push catching certain bluechip...

KLCI pushed up +14++ pt...

Bravo....
08/09/2021 5:15 PM
SEE_Research SEE_Research ===========================================================================

https://klse.i3investor.com/blogs/see_research/2021-10-06-story-h15919...

===========================================================================
SAMSON HERCULES Chan /4316

( LIMIT UP 30 % --- STOCK LIKE SUBUR / 6904 )


Another Subur Tiasa Holdings Bhd / 6904

Potentially, for this coming week ,

starting from 6 October 2021 , onwards


(i)1st Target Price :


RM 0.68 level

( 17 % )



======================================================================

(ii) 2nd Target Price :

RM 0.89 level

( 50 %)
06/10/2021 1:27 AM
06/10/2021 1:45 AM
alvin5588 Bullish..
06/10/2021 11:20 AM
BursaRangers https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-10-13-story-h1592054681-BursaRangers_Daily_Technical_Picks_14_October_2021.jsp
13/10/2021 11:16 PM
Keyman188 At the moment...outlook NO so great...

Since big planters need to face 2 different "special levy" + ESG gradually implemented globally...


## https://klse.i3investor.com/servlets/forum/908216264.jsp
01/11/2021 8:23 AM
Johnzhang IBs and many pessimist are relentlessly worried that CPO price will fall since the day CPO reached $3,000/- in 2020. CPO reached $5,350 now! Should investors be too concerned if CPO price correct down from today's level ?
I would like to share the year's high (H) , low (L) and the simple average (Avg) from year 2008 to 2021as below :
2008. $4179 (H) , $1403 (L) , $2791 (Avg)
2009. 2887,. 1630. 2259
2010. 3782. 2386. 3084
2011. 3930. 2786. 3358
2012. 3567. 2027. 2797
2013. 2635. 2157. 2396
2014. 2917. 1933. 2425
2015. 2360. 1802. 2081

2016. 3243. 2181. 2712
2017. 3344. 2338. 2841
2018. 2555. 1718. 2137
2019. 3025. 1834. 2430
2020. 3835. 2021 2928
----------------------------------------------------
Avg. 3251. 2017. 2634
----------------------------------------------------
2021YTD 5395. 3471. 4434

2021's H is 29% higher than the highest H (2008)
2021's H is 66% higher than the avg H 2008-2019
2021's L. Is 147% higher than the lowest L (2008)
2021's L is 72% higher than the avg L 2008-2019
2021's Avg is 68% higher than the Avg 2008-2019.

Despite the above , all plantantion counters stock prices are 20-50% below the highs achieved in 2008 -2020 period . Mind boggling indeed.

So, why should there be worries if CPO price indeed correct for 10-20% next year ??
02/11/2021 9:54 AM
02/11/2021 9:58 AM
alvin5588 Looking good.. rebound soon..
03/11/2021 10:37 AM
alvin5588 Bought some at 3.83..
05/11/2021 11:13 AM
alvin5588 CPO price new high at 5405...
05/11/2021 11:28 AM
Intrinsic99 CPO prices expected to be lower in 2022, say market analysts (The Star - Saturday, 16 Oct 2021)

UOB Kay Hian Research maintains its “underweight” rating on the plantation sector

The research unit is keeping its CPO price forecast for 2021 and 2022 at RM3,300 and RM2,800 per tonne respectively

CPO prices may sustain at the current levels due to the continued disappointing palm oil production as yield recovery from the previous drought is taking longer than expected

It also notes that risks include rising fertiliser costs due to supply constraints. As fertiliser cost (30% of ex-mill cost) is one of the biggest components besides labour cost, the surge in fertiliser prices could lead to a cost increase of at least 15% to 20%


RHB Research also maintains its “underweight” rating on the plantation sector

It advises investors to ride the wave and look for opportunities to sell into strength, with CPO prices currently at a peak, and some strength being seen in share prices.

“The main risk to this thesis is weather abnormalitie. Share prices have, for the first time this year, started moving in tandem with CPO prices. We believe now is the time to ride the wave, and wait for a good opportunity to lock in some profits, adding that environmental, social, and governance (ESG) concerns will still impact sector valuations”


https://www.thestar.com.my/business/business-news/2021/10/16/cpo-prices-expected-to-be-lower-in-2022-say-market-analysts
06/11/2021 2:17 PM
Intrinsic99 What we can observe market behaviour now is most of the fund managers start to revise outlook for CPO in the upcoming season, most of experts had expected the CPO prise shall be normalised in tandem.

Fund managers strongly believe that plantation companies shall be adjusted lower heading Trailing Twelve Months (TTM), that’s why most of the research houses given underweight outlook.

This is the reason why plantation sector not so fancy like year 2020 glove sector, fund managers strongly believe that once the CPO price normalise so ASP also simultaneously adjusted lower.

One of the good example to review is glove sector, what happen for the year 2020 compare with year 2021. Once most of the fund managers revise neutral or underweight outlook, we all can see the respective sector (or respective stocks) will start decelerating.

Despite glove sector still handsomely profitable for the next few years but most of the share traders more bias to ASP will be adjusted accordingly. This scenario is same with plantation sector as well.

If we want to enjoy fancy profit from the share price margin at this moment, we need to thoroughly consider is it the right time to challenge current circumstances since market had given cognitive lesson for the past of glove sector.

If we want to enjoy dividend yield (only selective planters), it’s fine to accumulate rather than putting your funds at the banks but now not aware current share price is it wisely to enter since plantation sector bias to neutral or underweight.
06/11/2021 2:18 PM
value_seeker The share prices of palm stock are undervalue as it is still at covid era. With high price of cpo the stocks should appreciate to certain levels to reflect the future higher price of cpo. Yes, 5000 per mt will not be sustainable next year but the price will still be in 3000 plus. Thus the current valuation is not justifiable. Most analysts are not competent. We reflect back to glove era where they put much lower TP but once the retract of of stock prices happen, they are still having high tp for the glove stocks. A lot of them are not forward looking and just use PE as guidance in their analysis reports.
06/11/2021 2:41 PM
alvin5588 TP 4.40..
08/11/2021 3:44 PM
alvin5588 CPO price rebound, next week 4.00++
11/11/2021 3:40 PM
Johnzhang Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.
13/11/2021 7:33 AM
Johnzhang Golden Agri-Resources share price up 65.63% ytd. IOI down 12+% ytd. Something wrong?
13/11/2021 7:35 AM
Johnzhang IOI :
Jul-sept qtr EPS 4.45 sen
Jan-sept qtr EPS 16.59 sen
share price now : $3.77

I think the performance of this giant is disappointing compare to many mid cap and small cap plantations like TAANN, SWKPLTN, MHC . Even GLCs counters like BPlant and THPLANT is comparatively a lot more undervalued than IOI based on their FY2021 EPS.
25/11/2021 6:57 AM
jvcpcv55 Maintain BUY with unchanged TP of RM4.80 based on average 5-yr low P/B of 3.1x and BV/share of RM1.55. Following the results, we changed our FY22/23 earnings forecast to RM1.24bn and RM1.20b respectively from RM1.39bn and RM1.03bn previously as we revisit our assumptions on ASP of palm products, margins, cost and expenses including tax and levy.


no foreign investor buying, What TP also useless
04/12/2021 4:10 AM
3lephAnt https://www.lifestyleasia.com/kl/travel/destinations/ioi-city-mall-set-to-surpass-1-utama-to-become-malaysias-largest-mall-in-june-2022/
23/12/2021 8:12 PM
Mabel PUTRAJAYA (Jan 5): The palm oil industry, being the fourth largest contributor to the Malaysian economy, is expected to maintain its 2021 performance in 2022, backed by various marketing and promotional efforts to be conducted by the Ministry of Plantation Industries and Commodities and its agencies.

As of November 2021, total exports of Malaysian palm oil and its derivatives stood at 22.14 million tonnes and due to high palm oil prices, total revenue increased by 40% to RM91.4 billion as compared to 2020. This morning Mabel's collection of BioFuel Plantation continue to rise..

Haha our Ang Pow is cumming...

To Our Success !

Meow Meow Meow
06/01/2022 10:14 AM
LossAversion @Mabel....heard the same "old song tune" after leaving the industry since 2010!!! The people in the industry seem to run out of ideas in "moving" the palm oil industry.
06/01/2022 10:16 AM
stockraider U see why plantation is the best safe value investment leh ?!

Why leh ??

1. It is traded at attractive price with big discount & margin of safety mah!

2. Plantation land are good hedge of inflation loh!

3. Plantation generate good steady cash flow & earned big forex for the country mah!

4. Plantation give food to the people, thus is a very essential economic sector loh!

5. Plantation are not affected by the risk of very fast technology changes that will make the industry obsolete and disrupt the prospect...This plantaion industry & predictable mah!

6. If u believe long term sustainable cash generating business go for plantation loh!
06/01/2022 10:57 AM
Cslee1215 ....
06/01/2022 8:48 PM
Johnzhang KUALA LUMPUR (Jan 6): The Employees Provident Fund (EPF)’s Chief Executive Officer, Datuk Seri Amir Hamzah Azizan ,in the
statement on EPF’s 2020 annual report highlighted the environment, social and governance (ESG) assets are expected to generate between 5% and 7% in the long-term.

Meanwhile, Amir added that the provident fund also plans to play a more active role in encouraging its investee companies to uphold their ESG principles.

“Key for us is engagement, and a lot of our voting guidelines were developed to ensure investee companies uphold their principles of corporate governance, such as having a good balance between independent and non-independent directors,” he elaborated.

Comment:
Yes! The key is engaging with the plantation companies to improve their ESG standards, not by irrational selling down plantation counters that generate good earnings and contributing greatly to government’s coffers! Continuous sell down is destroying value to all others investors and capital market at large. EPF must act responsibly . Stop the irrational sell down!
08/01/2022 7:05 AM
ahbah Maintain OVERWEIGHT stance on the (plantation) sector, underpinned by good near term earnings prospects (arising from high CPO prices) and commendable valuations.

Top picks are IOI Corp (BUY; TP: RM4.35), KLK (BUY; TP: RM25.62), Sime Darby Plantation (BUY; TP: RM5.03), and TSH Resources (BUY; TP: RM1.35).


IOI Corp (BUY; TP: RM4.35)


Source: Hong Leong Investment Bank Research - 11 Jan 2022
11/01/2022 11:11 AM
alvin5588 Resistance breakout..
11/01/2022 3:08 PM


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