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Annual Report Hints :
  joerakmo IF FYE21 PE is below 10x and dividend policy is 80% ;What is the dividend yield? Do the math,Its going to be good. 05/11/2021 12:28 PM foreverchung Would INNO / TSH buy plantation land from SCOPE as they are planning to exit the plantation industry? 22/11/2021 7:13 PM NoBrainerLor @Linitupppp, FCPO drop like hell is because the hell is too high now. But hell soon will become heaven, which is even higher 25/11/2021 10:45 AM joerakmo wow eps of 5.05 cents and dividend of 6 cents Total 9mth eps of 11.24 and total div for 21 of 16 cents. Calendar year wise yield on current price is 11.76% Oct to Dec quarter would be even better. 25/11/2021 6:50 PM MakeitGrow Yes, very "people-minded" management team. Willing to share company huge profit with the shareholder. This stock is a hidden pearl yet to be discovered by investors. 25/11/2021 6:59 PM Healthy earning more ,dividend more,everting is good.....but share price...........weird!!! any sifu can explain why?? market is cute...... 26/11/2021 9:57 AM Starship2 If you see the cash flow, the company is quite strong ..big jump in earning, huge cash pile and retained earnings, strong profit margins etc. But it is paying out slightly more dividends than earnings.. which i feel is ok ..because it has a lot of cash...just my views from what i see..not giving any suggestions... 26/11/2021 10:58 AM Starship2 Another factor that may come into play is our currency which is depreciation against USD..Since commodities are priced in USD, drop in RM will benefit commodity producers and exporters..just thinking aloud.. 26/11/2021 11:10 AM Traderjoes bursa really make no sense. Good qr but price fall, not even ex dividend yet also 26/11/2021 3:41 PM Bullbursa Ignore the market fluctuations, solid company, strong financial, high yield, good profit…80% dividend policy..all checked 26/11/2021 8:14 PM Starship2 lot of noise about ESG..this will, in my opinion only affect the large caps plantation stocks that has foreign investment..With CPO prices still high, profitability would continue to be high..INNO still looks very attractive to me.. 28/11/2021 3:41 PM MakeitGrow 3/12/21 CPO stands at RM4650 per tonne. According to local famous senior investor Mr. Feng Shineng (Leng Yan), the cost per tonne is around RM1500, so if the CPO price is above 4000, it will be a huge earning for the plantation players. 05/12/2021 11:34 PM stockraider Pakai otak think lah! As usual philip only look at the superficial at positive side without obvious assessing without assessing the negative high risk mah! 1. Innoprise is a concession or Business Reits with very short term expiry coming in about 8 years term....meaning in 8 years time Sabah foundation can just take back their land by not renewing the concession loh! 2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh! 3. Given such a major dispute with the sabah govt the risk of non renewal of the concession is extremely high loh! Even renewed there will be big back payment & much higher future lease Rental needed that will affect its attractiveness of this stock. 4. Most Plantation own their lands with only a few exception like FGV and Innoprise operate on a concession basis loh! Under this model this company does not really benefit from appreciation of land prices which is a natural hedge against inflation mah! Why there is a very high chance the concession will not be renewed leh ? The Board or the Govt feel that Inno try to cheat them by changing the agreement in 2019 with the management thats why it was rejected by the Board Of Directors of the Govt side loh! Even if the rental is renewed there will be huge compensation for past payment plus very much higher rental to be paid mah! That means very uncertainty loh! Lu tau boh ? Posted by Philip ( buy what you understand) > Dec 6, 2021 8:02 AM | Report Abuse Correct, which is why I bought innoprise plantations. Stockraider half past six simply talk just to hear his own sound without knowing why lengyuen also buy inno and not taan nonsense. But you have to realize why YS is also applying for additional 15k hectares state land adjoining to give to inno plant again within the next few years >>>>>>>>>> Nothing to worry, Agreement between Innoprices corporation Sdn Bhd (Serijaya) and Sabah Gov (Benta Wawasan) already extended to 60 years to develop 22,763 hectares land and i personally dont think they will take back the land since Sabah Foundation hold Inno share. What they can do is to entered into supplementary agreement. in addtional cold eye also hold inno share. hihihihi 05/12/2021 10:02 PM 06/12/2021 8:17 AM stockraider It is from this supplementary agreement the dispute started, the opposing side Directors rejected this Supplementary Agreement mah! "plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into oil palm plantation was extended to 60 years. On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year 2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per annum on a reducing balance basis."! THAT Means by latest 2035....they can take back the land mah! Thats the reason why Inno pay high dividend...bcos they know they knew high chance their business going bungkus when lease expired loh! Posted by joerakmo > Dec 6, 2021 10:11 AM | Report Abuse from annual report Serijaya Industri Sdn. Bhd., the wholly-owned subsidiary of the Company, entered into the Agreement for Oil Palm Plantation dated 18 November 2005 with Benta Wawasan Sdn. Bhd. (the licensee of the land) to develop a parcel of land measuring approximately 22,763 hectares situated in the locality of Gunung Rara/Kalabakan, Sabah. Pursuant to the agreement, Serijaya Industri Sdn. Bhd. is granted the permission to develop the said land into an oil palm plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into oil palm plantation was extended to 60 years. On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year 2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per annum on a reducing balance basis. stockraider 27593 posts Posted by stockraider > Dec 6, 2021 10:24 AM | Report Abuse X But this Inno...amortise their concession over 74 years instead of over the suppose 14 yrs (expiry in 2035} loh! As a result of lower amortization cost their....profit appear high in INNO mah! Lu tau boh ? 06/12/2021 10:28 AM stockraider Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ?? Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ? Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ?? There are likely to be an element of fraud in this unfair contract loh! 06/12/2021 10:37 AM joerakmo @ stockraider The supplemental agreement is signed,Pray tell your source where it is rejected; as such material information IF ITS TRUE would need to be disclosed anyways.Else its just your spinning. Dividends are paid from taxed earnings(retained profits) whereas some companies actually borrow to pay dividends if their cash flow is good. Tipu earnings can pay dividends meh?? 06/12/2021 9:55 PM 06/12/2021 9:56 PM Starship2 I stand to be corrected..but my preliminary casual checks tells me that the controversy raised could be much ado about nothing..the lease agreement are between related parties i.e Serijaya (wholly owned subsidiary of Innoprise) and Benta Wawasan (wholly owned subsidiary of Innoprise Corp Sdn Bhd) which is a statutory body of the Sabah State Govt. And Innoprise Corp Sdn Bhd holds about 50.22 % of Innoprise Bhd. All these companies are controlled by the Sabah State Govt. By the way, its dividend payment is only slightly more than its EPS over the last couple of quarters..just my views 10/12/2021 1:10 PM joerakmo received dividend of 6 cents today on rm1.30 stk ,that is 4.6% yield for holding 1 month.Next quarter probably payable in March could be higher as 4Q CPO average is rm600-rm700 per mt higher than 3Q. If held since Jan2021 would have received 4cent for FYE2020 and 16 cent for FY2021 30/12/2021 3:12 PM  Philip ( buy what you understand) If not good I would not be buying it. Compared to others innoprise offers good dividends(20%) and good share price increase (36%) 26/01/2022 9:20 PM  | |
