Earnings Alerts

IOI Corp Bhd (IOI) Earnings Surge: 1Q Net Income Rises to 710.7M Ringgit, Up from 304.0M Y/Y

By November 26, 2024 No Comments
  • IOI Corporation’s net income for Q1 rose significantly to 710.7 million ringgit, compared to 304.0 million ringgit in the same period last year.
  • Revenue increased by 21% year-over-year, reaching 2.67 billion ringgit.
  • Earnings per share (EPS) improved notably to 11.46 sen from 4.90 sen in the previous year.
  • Analysts’ recommendations include 8 buys, 6 holds, and 2 sells.

A look at IOI Corp Bhd Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

In assessing the long-term outlook for IOI Corp Bhd, a company engaged in oil palm and rubber cultivation and processing, as well as diversified operations in property development, landscape services, and construction, the Smartkarma Smart Scores provide valuable insights. With a strong Momentum score of 5, indicating robust market performance, IOI Corp Bhd is showing positive signs of growth and investor interest. Additionally, scoring moderately well in Dividend, Growth, and Resilience at 3, the company demonstrates stability and potential for future expansion. However, with a Value score of 2, there may be room for improvement in terms of the company’s valuation relative to its peers.

Overall, based on the Smartkarma Smart Scores, IOI Corp Bhd presents a favorable outlook for investors looking at factors such as market momentum, dividend potential, growth prospects, and resilience. With a solid foundation in its core businesses of oil palm and rubber, coupled with diversified revenue streams from property development and other services, IOI Corp Bhd appears well-positioned for continued growth and stability in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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