Highlights
KLSE: TDM (2054)       TDM BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.21   0.00 (0.00%)  0.20 - 0.21  1,886,400
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.

Overview

Market Cap: 353 Million
NOSH: 1,683 Million
Avg Volume (4 weeks):3,223,670
4 Weeks Range:0.175 - 0.215
4 Weeks Price Volatility (%):
87.50%
52 Weeks Range:0.145 - 0.44
52 Weeks Price Volatility (%):
22.03%
Average Price Target: 0.77
Price Target Upside/Downside: +0.56
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  26-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: -22.10  |  -4.52%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.7165  |  0.29
T4Q NP Margin | ROE: -4.83%  |  -1.33%

Headlines

Date Subject
20-Feb-2019 TDM in transformation mode
12-Sep-2018 Mplus Market Pulse - 12 Sept 2018
07-Sep-2018 TDM undertakes debt rationalisation exercise
09-Jul-2018 Technical Analysis - TDM
18-Jun-2018 Technical Buy: TDM (2054)

Business Background

TDM Bhd is an investment holding company, which is engaged in the cultivation of oil palms and provision of healthcare services. It operates in the following segments: Plantation, Healthcare, and Others. The Plantation segment which generates majority revenue produces and trades oil palms and fruits. The Healthcare segment offers consultancy and medical care services. The Others segment consists of dormant firms. The firm is organized geographically across two principal operating segments: Malaysia and Indonesia. Geographically Malaysia accounts for the majority revenue of the firm.
Analyze this stock with MQ Trader system

  12 people like this.
 
pasarku aiyo 1 minggu lagi ka? ini lembu baru jalan ka??
15/02/2019 16:29
pasarku ini lembu banyak malas la
15/02/2019 16:44
mfbs Hihihi...lazy cow ya
15/02/2019 16:47
bulldog Qsell @22
16/02/2019 13:28
mfbs Wow bulldog to early qsell
16/02/2019 15:48
pasarku Ini lembu boleh pergi 25 cent ka next week???
16/02/2019 16:03
bulldog Mfbs...cari makan sikit...... support q buy@19 since down jones bullish...
16/02/2019 19:05
mfbs Bulldog: any TP?
16/02/2019 20:54
fl888 Ini minggu kali lahhhhhhhh....
17/02/2019 10:44
bulldog Ini kalilah....
17/02/2019 15:03
mfbs Nice 25 cent
17/02/2019 16:18
bulldog Fasten your seatbelts....
18/02/2019 09:27
bulldog Start your engine.
18/02/2019 09:28
fl888 Semenyih by election , need money so TDM must push up...
18/02/2019 09:30
mfbs 25 cents???
18/02/2019 11:45
pasarku no viagra
18/02/2019 16:54
bulldog Makan@20....
19/02/2019 09:32
mfbs Slow
19/02/2019 11:10
fl888 Fgv sudah naik , apa TDM ...
19/02/2019 11:40
mfbs TDM next FGV
19/02/2019 12:02
chyeoh1972 q to buy more at 0.195...block at 0.20 dun want push up..buy and keeo
19/02/2019 15:06
mfbs Waste money.
19/02/2019 15:23
fl888 1MDB from Trengganu
19/02/2019 15:25
mfbs Fgv now 1.20. TDM 20 cent. Worst
19/02/2019 15:36
mfbs Fgv 1.21
19/02/2019 15:56
pasarku Ini lembu tak ada otak ma. Managemnt bad
19/02/2019 16:19
mfbs today can go 22 cent??
20/02/2019 08:04
pasarku Shit company
20/02/2019 08:25
mfbs hihihi
20/02/2019 08:25
bulldog Very defensive stock....sold 20 qbuy 19.5
20/02/2019 09:49
bulldog Coming...
20/02/2019 10:37
bulldog Vroom
20/02/2019 10:38
bulldog Ini kalilah
20/02/2019 10:38
bulldog Open the gate for 22 please ..
20/02/2019 10:43
bulldog Fuyyo...21 will be clear Soon
20/02/2019 12:16
commonsense TDM is not the only plantation company that posted disappointing results in the most recent quarters. If you go through other financial reports, most (if not all) plantation companies are affected by the low CPO price in Jul-Sept period.

In terms of valuation, all plantation stocks are currently trading at a high PE multiple (for those that still managed to record profit) or in TDM case, negative PE. This is reflective of the downturn cycle of the plantation industry. I don't think that the industry will reverse their down cycle anytime soon given the general demand of the commodity is expected to go down in the future. China for example, is negotiating with US to take in more agriculture products from US which would potentially include soybean (or soybean oil). In general, Chinese consumption of oil would not actually go up that much. So the increase of soybean oil import from US to China would actually be at the expense of other oil commodities from other countries (in particular palm oil from Indonesia and Malaysia). Another issue is on the European demand of palm oil which is expected to go down exponentially given the proposed ban of palm oil use in food and transportation industries in the future. They have already agreed to phase out the use of palm oil in transport fuel by 2030. Some countries like France and Norway have already started to move away from palm oil.

With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies like TDM as the return to upcycle might not be in the near future. 4Q18 result will most probably still be in the negative territory.

If you are looking to diversify your portfolio outside of TDM (due to its weak earnings outlook) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 7.0x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 6.0x PE.

Please go through the analyst reports and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
20/02/2019 14:39
mfbs hihi
20/02/2019 14:59
bulldog 21 clear...next 21.5....marching towards 22
20/02/2019 15:21
bulldog Huatt chai..
20/02/2019 15:22
bulldog Tunjuk langit......
20/02/2019 15:24
pasarku Tunjuk saja bos. Lembik
20/02/2019 15:35
bulldog Slow and steady bossku....
20/02/2019 15:44
pasarku Bila mau terbang bos
20/02/2019 15:51
mfbs sabar boss
20/02/2019 16:26
bulldog Hero biasanya kalah dulu......
20/02/2019 17:04
bulldog Lepas tu kita buat macam frontkn style...
20/02/2019 17:04
pasarku Lanjau punya company
21/02/2019 10:12
longvalley Just collect........!
21/02/2019 12:48
pasarku Lanjau punya company
22/02/2019 12:44
Bursawise haha...
22/02/2019 13:21


FEATURED EVENT
 

324  458  490  595 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.315-0.01 
 IWCITY 0.63+0.04 
 AAX 0.26-0.03 
 VS 0.985-0.035 
 HSI-C3W 0.485+0.045 
 DAYANG 0.795+0.005 
 SAPNRG-WA 0.1050.00 
 BARAKAH 0.10-0.02 
 HSI-H4Y 0.135-0.03 
 DNEX 0.3250.00 

SPONSORED POSTS

1. Investment Bloggers Day 2019 MQ Trader Announcement!
2. Investment Bloggers Day - Get your sponsored ticket from MQ Trader today! MQ Trader Announcement!

TOP ARTICLES

1. Dayang Will Fly on Monday - Koon Yew Yin , Calvin Tan Comments (Please post comments here & contribute your ideas) THE INVESTMENT APPROACH OF CALVIN TAN
2. Dayang Will Fly on Monday - Koon Yew Yin Koon Yew Yin's Blog
3. PANTECH(5125) OR ALL-TECHNOLOGY STOCK IN THE OIL AND GAS SUPER BOOM TIME, CALVIN TAN RESEARCH THE INVESTMENT APPROACH OF CALVIN TAN
4. Tony Fernandes: This will be best year for Airasia. New platform business will grow ancillary Good Articles to Share
5. This company got 5G network prospect + Mahathir factor, ready to punch all the way into glorious moment again Target Invest - We Target, We Invest
6. DIALOG (O&G Stock) : Will This Be Another QL RESOURCES DUTCH LADY OR NESTLE, Calvin Tan Research THE INVESTMENT APPROACH OF CALVIN TAN
7. The Bonuses of Airasia Windfall Profit
8. FPI - Earnings dragged by higher operating cost (HLIB maintain BUY rating with TP of RM2.22) FPI 2大因素前景看好台灣聯友今年再 尋突破
Partners & Brokers