Declared Dividend • May 23
First quarter dividend reduced to RM0.04 Dividend of RM0.04 is 38% lower than last year. Ex-date: 11th June 2026 Payment date: 26th June 2026 Dividend yield will be 6.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 25% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.7% to bring the payout ratio under control, which is less than the 15% EPS growth achieved over the last 5 years. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: RM0.15 (vs RM0.18 in FY 2024) Full year 2025 results: EPS: RM0.15 (down from RM0.18 in FY 2024). Revenue: RM273.2m (down 1.3% from FY 2024). Net income: RM73.3m (down 15% from FY 2024). Profit margin: 27% (down from 31% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Announcement • Apr 22
Innoprise Plantations Berhad, Annual General Meeting, May 21, 2026 Innoprise Plantations Berhad, Annual General Meeting, May 21, 2026, at 11:30 Singapore Standard Time. Location: belian room, 7th floor, borneo royale hotel, eastern plaza, mile 1, jalan kuhara, 91000 tawau, sabah, Malaysia New Risk • Mar 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 111% Dividend yield: 8.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: RM0.15 (vs RM0.18 in FY 2024) Full year 2025 results: EPS: RM0.15 (down from RM0.18 in FY 2024). Revenue: RM273.2m (down 1.3% from FY 2024). Net income: RM72.9m (down 16% from FY 2024). Profit margin: 27% (down from 31% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 01
Fourth quarter dividend of RM0.025 announced Shareholders will receive a dividend of RM0.025. Ex-date: 12th March 2026 Payment date: 27th March 2026 Dividend yield will be 8.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 26% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is less than the 15% EPS growth achieved over the last 5 years. Announcement • Nov 28
Innoprise Plantations Berhad Announces Third Interim Single Tier Dividend on Ordinary Share in Respect of the Financial Year Ending 31 December 2025, Payable on 23 December 2025 Innoprise Plantations Berhad announced Third Interim Single Tier Dividend of 3.5 sen per Ordinary Share in respect of the Financial Year Ending 31 December 2025. The above Company's securities will be traded and quoted "Ex - Dividend” as from: 11 December 2025. The last date of lodgment: 12 December 2025. Date Payable: 23 December 2025. Declared Dividend • Nov 26
Third quarter dividend of RM0.035 announced Shareholders will receive a dividend of RM0.035. Ex-date: 11th December 2025 Payment date: 23rd December 2025 Dividend yield will be 10.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 26% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: RM0.044 (vs RM0.045 in 3Q 2024) Third quarter 2025 results: EPS: RM0.044 (down from RM0.045 in 3Q 2024). Revenue: RM72.1m (up 3.4% from 3Q 2024). Net income: RM21.2m (down 2.0% from 3Q 2024). Profit margin: 29% (down from 31% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Sep 13
Upcoming dividend of RM0.025 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 26 September 2025. The company is paying out more than 100% of its profits and is paying out 88% of its cash flow. Trailing yield: 8.2%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.1%). Declared Dividend • Aug 29
Second quarter dividend of RM0.025 announced Shareholders will receive a dividend of RM0.025. Ex-date: 17th September 2025 Payment date: 26th September 2025 Dividend yield will be 10%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 26% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is less than the 23% EPS growth achieved over the last 5 years. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: RM0.03 (vs RM0.037 in 2Q 2024) Second quarter 2025 results: EPS: RM0.03 (down from RM0.037 in 2Q 2024). Revenue: RM63.0m (up 3.1% from 2Q 2024). Net income: RM14.6m (down 17% from 2Q 2024). Profit margin: 23% (down from 29% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • May 28
First quarter dividend of RM0.065 announced Shareholders will receive a dividend of RM0.065. Ex-date: 12th June 2025 Payment date: 26th June 2025 Dividend yield will be 11%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 29% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 27
Innoprise Plantations Berhad Announces First Interim Single Tier Dividend in Respect of the Financial Year Ending 31 December 2025, Payable on 26 June 2025 Innoprise Plantations Berhad announced first interim single tier dividend of 6.5 sen per Ordinary Share in respect of the Financial Year Ending 31 December 2025. Ex-Date is 12 June 2025; Entitlement date is 13 June 2025; Payment Date is 26 June 2025. Reported Earnings • May 04
Full year 2024 earnings released: EPS: RM0.18 (vs RM0.11 in FY 2023) Full year 2024 results: EPS: RM0.18 (up from RM0.11 in FY 2023). Revenue: RM276.8m (up 24% from FY 2023). Net income: RM86.5m (up 65% from FY 2023). Profit margin: 31% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Innoprise Plantations Berhad, Annual General Meeting, May 26, 2025 Innoprise Plantations Berhad, Annual General Meeting, May 26, 2025, at 11:30 Singapore Standard Time. Location: belian room, 7th floor, borneo royale hotel, eastern plaza, mile 1, jalan kuhara, 91000 tawau, sabah, Malaysia Declared Dividend • Feb 26
Fourth quarter dividend of RM0.065 announced Shareholders will receive a dividend of RM0.065. Ex-date: 12th March 2025 Payment date: 26th March 2025 Dividend yield will be 8.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not adequately covered by cash flows (90.0% cash payout ratio). The dividend has increased by an average of 29% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 43% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: RM0.18 (vs RM0.11 in FY 2023) Full year 2024 results: EPS: RM0.18 (up from RM0.11 in FY 2023). Revenue: RM277.8m (up 24% from FY 2023). Net income: RM87.2m (up 66% from FY 2023). Profit margin: 31% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
Innoprise Plantations Berhad Declares Fourth Interim Single Tier Dividend for the Financial Year Ended 31 December 2024, Payable on 26 March 2025 Innoprise Plantations Berhad announced that a fourth interim single tier dividend of 6.5 sen per ordinary share in respect of the financial year ended 31 December 2024 has been declared, payable on 26 March 2025 to the depositors registered in the record of depositors at the close of business on 13 March 2025. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at RM1.72. The fair value is estimated to be RM1.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. Buy Or Sell Opportunity • Dec 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to RM1.81. The fair value is estimated to be RM1.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. Announcement • Nov 27
Innoprise Plantations Berhad Announces Third Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on 23 December 2024 The Board of Directors of Innoprise Plantations Berhad announced that a Third Interim Single Tier Dividend of 3.8 sen per ordinary share in respect of the financial year ending 31 December 2024 had been declared, payable on 23 December 2024 to the depositors registered in the Record of Depositors at the close of business on 10 December 2024. Declared Dividend • Nov 27
Third quarter dividend of RM0.038 announced Shareholders will receive a dividend of RM0.038. Ex-date: 9th December 2024 Payment date: 23rd December 2024 Dividend yield will be 6.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 22% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 65% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: RM0.045 (vs RM0.035 in 3Q 2023) Third quarter 2024 results: EPS: RM0.045 (up from RM0.035 in 3Q 2023). Revenue: RM69.7m (up 18% from 3Q 2023). Net income: RM21.6m (up 28% from 3Q 2023). Profit margin: 31% (up from 29% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Declared Dividend • Aug 23
Second quarter dividend increased to RM0.03 Dividend of RM0.03 is 33% higher than last year. Ex-date: 9th September 2024 Payment date: 20th September 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 22% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 67% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 19
Innoprise Plantations Berhad Announces Second Interim Single Tier Dividend in Respect of the Financial Year Ending 31 December 2024, Payable on September 20, 2024 Innoprise Plantations Berhad announced second Interim Single Tier Dividend of 3.0 sen per Ordinary Share in respect of the Financial Year Ending 31 December 2024. Ex-Date September 9, 2024; Entitlement date September 10, 2024; Payment Date September 20, 2024. Declared Dividend • May 25
First quarter dividend increased to RM0.022 Dividend of RM0.022 is 13% higher than last year. Ex-date: 12th June 2024 Payment date: 28th June 2024 Dividend yield will be 7.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 26% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 43% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to RM1.44. The fair value is estimated to be RM1.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 6.9%. Announcement • Apr 26
Innoprise Plantations Berhad, Annual General Meeting, May 23, 2024 Innoprise Plantations Berhad, Annual General Meeting, May 23, 2024, at 11:30 Singapore Standard Time. Location: Belian Room, 7th Floor, Borneo Royale Hotel, Eastern Plaza, Mile 1, Jalan Kuhara, 91000 Tawau Sabah Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees for the Group from 24 May 2024 until the next Annual General Meeting of the Company; to approve the payment of Directors' allowances and benefits for the Group from 24 May 2024 until the next Annual General Meeting of the Company; and to consider other matters. Upcoming Dividend • Mar 04
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 21 March 2024. Payout ratio is on the higher end at 90%, and the cash payout ratio is above 100%. Trailing yield: 6.7%. Within top quartile of Malaysian dividend payers (4.8%). Higher than average of industry peers (2.8%). Declared Dividend • Feb 26
Fourth quarter dividend increased to RM0.03 Dividend of RM0.03 is 20% higher than last year. Ex-date: 11th March 2024 Payment date: 21st March 2024 Dividend yield will be 6.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 25% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is less than the 41% EPS growth achieved over the last 5 years. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: RM0.11 (vs RM0.17 in FY 2022) Full year 2023 results: EPS: RM0.11 (down from RM0.17 in FY 2022). Revenue: RM227.1m (down 16% from FY 2022). Net income: RM53.5m (down 35% from FY 2022). Profit margin: 24% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 23
Innoprise Plantations Berhad Announces Fourth Interim Single Tier Dividend in Respect of the Financial Year Ending December 31, 2023, Payable on March 21, 2024 The Board of Directors of Innoprise Plantations Berhad announced that a Fourth Interim Single Tier Dividend of 3.0 sen per ordinary share in respect of the financial year ended 31 December 2023 has been declared, payable on 21 March 2024 to the depositors registered in the Record of Depositors at the close of business on 12 March 2024. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.028 per share at 7.4% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 22 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.4%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.3%). Announcement • Nov 29
Innoprise Plantations Berhad Announces Third Interim Single Tier Dividend in Respect of the Financial Year Ending 31 December 2023, Payable on 22 December 2023 Innoprise Plantations Berhad announced third interim single tier dividend of 2.75 sen per Ordinary Share in respect of the Financial Year Ending 31 December 2023. Dividend payable on 22 December 2023 and Ex-Date of 14 December 2023. Reported Earnings • Nov 28
Third quarter 2023 earnings released: EPS: RM0.035 (vs RM0.031 in 3Q 2022) Third quarter 2023 results: EPS: RM0.035 (up from RM0.031 in 3Q 2022). Revenue: RM59.3m (down 2.2% from 3Q 2022). Net income: RM16.9m (up 13% from 3Q 2022). Profit margin: 29% (up from 25% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 04
Upcoming dividend of RM0.022 per share at 14% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 21 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 14%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (3.7%). Announcement • Aug 22
Innoprise Plantations Berhad Announces Second Interim Single Tier Dividend in Respect of the Financial Year Ending 31 December 2023, Payable on 21 September 2023 Innoprise Plantations Berhad announced Second Interim Single Tier Dividend of 2.25 sen per Ordinary Share in respect of the Financial Year Ending 31 December 2023. Ex-Date is 11 September 2023, Entitlement date is 12 September 2023 and Payment Date is 21 September 2023. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: RM0.023 (vs RM0.065 in 2Q 2022) Second quarter 2023 results: EPS: RM0.023 (down from RM0.065 in 2Q 2022). Revenue: RM51.9m (down 34% from 2Q 2022). Net income: RM10.8m (down 65% from 2Q 2022). Profit margin: 21% (down from 39% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be RM1.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 4.6% in a year. Earnings is forecast to grow by 30% in the next year. Announcement • Jun 17
Innoprise Plantations Berhad Announces Appointment of Jasnih Bin Daya as Non Independent and Non Executive Director Innoprise Plantations Berhad announced appointment of Datuk Jasnih Bin Daya as Non Independent and Non Executive Director. Age 49, Date of change 16 June 2023. Qualifications: Degree, Major in Science Economics Minor in Management Information System MIS (1995-1999), Indiana State University Terre Haute, Indiana USA. Working experience: 2000 : "Young Managers Programme" Bernas HQ KL, 2000-2002: Executive of Import & Trade, China, Vietnam, Myanmar, India & Pakistan, 2002-2003: Executive of East Malaysia (Sabah & Sarawak) Rice Business Sector, 2003-2004: Assistant Manager & Head of Shipping and Claims Unit (Import & Trading HQ KL), 2004-2007: Procurement Officer of Myanmar Special Projects (BERNAS Special International Project), 2006-2008: Manager of Operational Division, BSCB Sabah, 2010-2013: President of Bernas Sabah Club, 2015-2017: Member of the Board of Directors of Housing and Urban Development, 2017-2020: Non-Executive Chairman of Sazarice Sdn. Bhd., 2018-2022: Assistant Minister to the Ministry of Finance, Sabah, 2023-present: Executive Chairman of Innoprise Corporation Sdn. Bhd. Upcoming Dividend • Jun 08
Upcoming dividend of RM0.02 per share at 15% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 28 June 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 15%. Within top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (3.9%). Reported Earnings • May 26
First quarter 2023 earnings released First quarter 2023 results: Revenue: RM52.6m (down 29% from 1Q 2022). Net income: RM9.13m (down 69% from 1Q 2022). Profit margin: 17% (down from 40% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 02
Upcoming dividend of RM0.025 per share at 13% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 21 March 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (3.8%). Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: RM0.18 (vs RM0.18 in FY 2021) Full year 2022 results: EPS: RM0.18 (down from RM0.18 in FY 2021). Revenue: RM270.2m (up 17% from FY 2021). Net income: RM85.1m (down 1.3% from FY 2021). Profit margin: 32% (down from 37% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 05
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 12 December 2022. Payment date: 22 December 2022. Payout ratio and cash payout ratio are on the higher end at 98% and 91% respectively. Trailing yield: 19%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.8%). Announcement • Nov 23
Innoprise Plantations Berhad Declares Third Interim Single Tier Dividend for Financial Year Ending 31 December 2022, Payable on 22 December 2022 The Board of Directors of Innoprise Plantations Berhad announced that a Third Interim Single Tier Dividend of 3.0 sen per ordinary share in respect of the financial year ending 31 December 2022 has been declared, payable on 22 December 2022 to the depositors registered in the Record of Depositors at the close of business on 13 December 2022. Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: RM0.031 (vs RM0.051 in 3Q 2021) Third quarter 2022 results: EPS: RM0.031 (down from RM0.051 in 3Q 2021). Revenue: RM60.6m (up 11% from 3Q 2021). Net income: RM15.0m (down 38% from 3Q 2021). Profit margin: 25% (down from 44% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of RM0.07 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 29 September 2022. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 18%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.5%). Announcement • Aug 25
Innoprise Plantations Berhad Declares Second Interim Single Tier Dividend for Financial Year Ending 31 December 2022, Payable on 29 September 2022 Innoprise Plantations Berhad announced that the Board of Directors declared a Second Interim Single Tier Dividend of 7.0 sen per ordinary share in respect of the financial year ending 31 December 2022,payable on 29 September 2022 to the depositors registered in the Record of Depositors at the close of business on 15 September 2022. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: RM0.065 (vs RM0.043 in 2Q 2021) Second quarter 2022 results: EPS: RM0.065 (up from RM0.043 in 2Q 2021). Revenue: RM78.7m (up 44% from 2Q 2021). Net income: RM30.9m (up 50% from 2Q 2021). Profit margin: 39% (up from 38% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to RM1.58, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 13x in the Food industry in Malaysia. Total returns to shareholders of 194% over the past three years. Upcoming Dividend • Jun 02
Upcoming dividend of RM0.06 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 23 June 2022. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 13%. Within top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (3.3%). Reported Earnings • May 25
First quarter 2022 earnings released: EPS: RM0.062 (vs RM0.019 in 1Q 2021) First quarter 2022 results: EPS: RM0.062 (up from RM0.019 in 1Q 2021). Revenue: RM74.5m (up 83% from 1Q 2021). Net income: RM29.5m (up 228% from 1Q 2021). Profit margin: 40% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • May 24
Innoprise Plantations Berhad Announces First Interim Single Tier Dividend for the Financial Year Ending December 31, 2022, Payable on June 23, 2022 Innoprise Plantations Berhad announced First Interim Single Tier Dividend of 6.0 sen per Ordinary Share in respect of the Financial Year Ending December 31, 2022. Ex-Date is 9 June 2022; entitlement date is June 10, 2022 and payment Date is June 23, 2022. Board Change • Apr 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Majin Bin Hj. Ajing was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Majin Bin Ajing was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 10
Upcoming dividend of RM0.06 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 31 March 2022. Payout ratio and cash payout ratio are on the higher end at 99% and 77% respectively. Trailing yield: 13%. Within top quartile of Malaysian dividend payers (4.8%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.18 (up from RM0.076 in FY 2020). Revenue: RM230.0m (up 48% from FY 2020). Net income: RM87.1m (up 139% from FY 2020). Profit margin: 38% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
Innoprise Plantations Berhad Announces Fourth Interim Single Tier Dividend of the Financial Year Ended 31 December 2021, Payable on March 31, 2022 Innoprise Plantations Berhad announced that a Fourth Interim Single Tier Dividend of 6.0 sen per ordinary share in respect of the financial year ended 31 December 2021 has been declared, payable on 31 March 2022 to the depositors registered in the Record of Depositors at the close of business on 18 March 2022. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 21% share price gain to RM1.82, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 15x in the Food industry in Malaysia. Total returns to shareholders of 200% over the past three years. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.06 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 30 December 2021. The company is paying out more than 100% of its profits and is paying out 76% of its cash flow. Trailing yield: 9.0%. Within top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 26
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: RM0.051 (up from RM0.022 in 3Q 2020). Revenue: RM54.6m (up 58% from 3Q 2020). Net income: RM24.2m (up 133% from 3Q 2020). Profit margin: 44% (up from 30% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. 
