Let’s Jom 阿婷 : As long as there is cash and retained earnings, dividends can be distributed. Currently, the company has net cash without debt, and the United Kingdom and Australia joint venture together owe the company a total of 1000 million (including impairment value), so when the joint ventures repay the company money or share profits, there is the ability to pay dividends.

Let’s Jom w1n OP : From the latest quarterly report, we can see that the amount due from the joint venture is 876 million. However, this number was impaired by 29.5 million in 2024, in addition to the cumulative impairment of 91 million reported in the audited report of 2023, totaling 997 million owed by the joint venture.
Then, the recent quarterly report states that the cash and bank balance is 273 million, while the total liabilities are only 6 million.

Let’s Jom w1n OP : It should happen as dividends have been distributed for the past 2 years. It just takes a long time.

Let’s Jom : It should be reflecting the palm oil price, after all, when the palm oil price was 4400 earlier this year, it surged to 1.45. And now the palm oil price is 5000, so it's being speculated on a bit

Let’s Jom veeeeee : IOIPG's revenue increased, but net profit decreased due to an increase in interest expense, leading to a significant drop in stock price;
WCT's revenue decreased, but net profit increased significantly due to a decrease in interest expense, causing the stock price to drop as well.

This is contradictory, indicating that revenue fluctuations are just an excuse for stock price volatility, mainly dependent on whether speculators want to drive it up.

Let’s Jom : Profit before interest and tax actually exceeded the same period last year. It's just that after the completion of investment properties in Singapore, an interest cost of RM100 million was recorded in this quarter.