Not overly pessistic.. Because of high CPO prices, Q1 results are already in the bag (not announced yet) and we are 2/3 into Q2 period ..with prices still high.. A report in the Edge indicates, that the price will drop over the rest of the year but it will be gradual..Having a 80% payout ratio,the dividends to come should be reasonable.. These are just my views
Plantations are hardy stocks..what with high CPO and trend will always be up in next 2 years, its not like anybody can come in, plant and and harvest to upset the supply ... be patient and collect at right prices
FY 2021 paid 22 sen. of course this coming year will pay at least the same if not more. 12% DY if buy now. fund managers should buy la. You deliver 12% for your clients in this climate they will give you special kiss
The earnings for Q2 period , Mar to Jun has not be announced yet. It should be very good and hopefully dividend would come with it given Inno's 80% div policy. But since Jun cpo price has been going down..but still relatively high. Hopefully, the price would stay stabilise at least at around current levels..
@Calvin, why you don't comment in TSH forum? i like to read what you had posted. if you do not post in TSH forum, where else can i find you without that SEE_RESEARCH and a few others who are against your postings. is your Eagle Group still available? i am not familiar to use the handphone for the telegram group.
It is already more than 2 months into the last quarter..and the average CPO price appears to be quite similar to Q3.. so my guess is, we could expect a similar results in Q4...meaning the dividend could be the same, ie. 3 sen or may be slightly lower.. The thing to watch is the CPO price trend..
Over the past few years, the ROE of Innoprise has overtaken that of my 2 Bursa plantation companies – BPlant and KLK. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html For those hunting for good plantation companies, you might have missed the boat at the company is currently trading around PE 14 whereas a year ago you could have gotten it at PE 6
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....