$JPG (5323.MY)$ i hv successfully used Moomoo MY to subscrib...
$JPG(5323.MY$ i hv successfully used Moomoo MY to subscribe this IPO. Now pending Balloting result on 27/06
![$JPG (5323.MY)$ i hv successfully used Moomoo MY to subscribe this IPO. Now pending Balloting result on 27/06](https://sgsnsimg.moomoo.com/sns_client_feed/103509899/20240612/95a7353d66ecf7f41c4300459be04882.jpg/big?area=104&is_public=true)
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103895193 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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Leon Tiger : good potential this Johor Plantations ?
103509899 OP : See Chatgpt findings===>### Johor Plantation Group Berhad Financial Performance Overview (Past 5 Years)
1. **Revenue and Profit Trends**:
- **2020**: Revenue was RM1.02 billion, with a Profit Before Tax (PBT) of RM117.61 million and a Profit After Tax (PAT) of RM52.31 million.
- **2021**: Revenue and profits saw a significant increase.
- **2022**: Revenue increased to RM1.75 billion. PBT surged to RM569.12 million and PAT to RM495.36 million.
- **2023 (First 7 Months)**: Financial performance declined with net profit dropping 80% to RM58.34 million and revenue falling 44% to RM622.36 million due to volatility in Crude Palm Oil (CPO) prices.
2. **Core Operations**:
- Johor Plantation focuses on the cultivation and processing of oil palm.
- The company manages 23 plantation estates, with a landbank of 59,860 hectares primarily dedicated to oil palm cultivation.
- They operate five Palm Oil Mills for processing Fresh Fruit Bunches (FFB) into Crude Palm Oil (CPO) and Palm Kernels (PK).
3. **Industry Position**:
- Holds approximately 1% of the planted oil palm area in Malaysia and 8% in Johor.
- Known for high Fresh Fruit Bunch (FFB) and CPO yields, second only to United Plantations Berhad in Malaysia.
4. **Utilization of IPO Proceeds**:
- **Capital Expenditure**: Constructing an integrated sustainable palm oil complex and replanting activities.
- **Repayment of Bank Borrowings**: Reducing financial leverage.
- **Working Capital**: Supporting day-to-day operations and purchasing FFB from various sources.
- **Listing Expenses**: Covering the costs related to the IPO process.
Johor Plantation's performance over the past five years shows a trend of significant growth until 2022, followed by a notable decline in 2023 due to external market factors. The company has a robust operational base and strategic plans for utilizing IPO proceeds to enhance and stabilize its operations【42†source】【43†source】.
Lucky Uncle : How long has it been since it was submitted to be drawn?
103509899 OP Lucky Uncle : just yesterday
Lucky Uncle 103509899 OP : OK, I'll try![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
104743581 : Moo moo is a nominee CDS or direct CDS?
103509899 OP : i guess it is just a CDS nominee
104639812 : I couldn’t buy the shares as it is requesting for cds account . How can we buy using just the momoo account so that the portfolio will be displayed in the momoo interface?