Last Price Today's Change   Day's Range   Trading Volume
0.285   +0.01 (3.64%)  0.275 - 0.295  2,780,400
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Market Cap: 223 Million
NOSH: 784 Million
Avg Volume (4 weeks):1,091,275
4 Weeks Range:0.24 - 0.295
4 Weeks Price Volatility (%):
52 Weeks Range:0.165 - 0.30
52 Weeks Price Volatility (%):
Average Price Target: 0.82
Price Target Upside/Downside: +0.535

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  15-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: -124.10  |  -0.81%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.4694  |  0.61
T4Q NP Margin | ROE: -1.40%  |  -0.49%


Date Subject
06-Dec-2018 Technical Buy - TADMAX (4022)
06-Dec-2018 Daily Market Update - 6 Dec 2018 (TADMAX, CRESBLD)
05-Dec-2018 Mplus Market Pulse - 05 Dec 2018
03-Dec-2018 TADMAX资源黑马突围
29-Oct-2018 M+ Online Technical Focus - 29 Oct 2018
07-Aug-2018 李勇坚‧TADMAX轻骑过关
31-Jul-2018 PublicInvest Research Headlines - 31 Jul 2018
31-Jul-2018 Mplus Market Pulse - 31 Jul 2018

Business Background

Tadmax Resources Bhd is a property development company. The company’s core business activities are categorized into four key segments - Property Development and Construction, Industrial Supplies, Timber and Palm Oil Plantation, and Investment Holding and Others. The Industrial Supplies business segment is principally involved in the production and supply of ready-mixed concrete. The company through its Singapore incorporated subsidiaries owns 80,000 hectares of land in the Province of Papua, Republic of Indonesia. The company does its sales via geographical segments that include Malaysia, Singapore, and Indonesia.
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  3 people like this.
Shinnzaii http://www.theedgemarkets.com/article/tadmax-inks-mou-selangorlinked-worldwide-develop-pulau-indah-power-plant
31/07/2018 08:26
Lim Tek Wai Wow, rise damn high. profit is good
31/07/2018 10:55
Jasper Coo The profit fly like a rocket
31/07/2018 11:12
Hitman wow profit
28/08/2018 19:23
rleong any news coming? Qtr results on 30.9.2018
15/09/2018 08:25
Jasper Coo Good stock, make huge profit !
18/09/2018 11:52
kllady_fidah any updates?
26/10/2018 15:13
kencanaaduka drop.. tommorow sell at 260
08/11/2018 17:42
Hitman http://www.bursamalaysia.com/market/listed-companies/company-announcements/5974789
15/11/2018 18:47
thesteward Tomolo gogo 30+ pls
15/11/2018 19:08
ckh823 Hahaha. Based on the chart, this stock only will move to the highest point after a week of quarter results announcement. Unless tomorrow got further update on power plant plus dow jones back to strong buy. 40 cents is possible....
15/11/2018 19:42
thesteward Agree ...
15/11/2018 23:18
ckh823 Stay tune. Power plant project no worry. The company had hit the highest revenue in pass 5 years. https://www.freemalaysiatoday.com/category/nation/2018/11/16/only-ipp-contracts-awarded-through-direct-negotiations-reviewed/

16/11/2018 07:47
Solehajb1989 TADMAX sudah Jalan Tunggu pasdec
16/11/2018 09:52
ckh823 Big shark is coming in. Hold tight everyone
19/11/2018 11:14
thesteward Result good but price drop n drop. Something seriously wromg
19/11/2018 12:22
ckh823 Expected bro. U will see the impact coming this few days
19/11/2018 20:24
nickyeo55 CKH any news ?
19/11/2018 20:31
ckh823 Bro. What i can said. Monitor this stock closely. If you not yet buy, enter at the price that you feel comfortable. If bought, hold it. This stock ready to fly at anytime.
19/11/2018 22:36
nickyeo55 Oh . Any target ?
19/11/2018 22:40
ckh823 Target 0.285. Long term 0.45. But market now up and down. Risk at your own bro.
19/11/2018 23:51
nickyeo55 CKH u mention that big shark is coming but why can move for such a small margin only ?
If the margin is too small the big shark will be making a loss .
Happy trading
20/11/2018 13:53
ckh823 Bro. This stock is cheap, earn by taking the volume. But monitor it closely la. Because the market very unstable this few months. Play safe eh.
20/11/2018 17:26
Mohd Fazlan http://www.theinvestor.co.kr/view.php?ud=20181119000608
POSCO E&C selected as preferred bidder for project in Malaysia
21/11/2018 09:28
ckh823 Time to run
23/11/2018 08:17
nickyeo55 Oh . Run forward or sideway ?
23/11/2018 11:20
ckh823 Jump out the boat as fast u can.
23/11/2018 20:51
nickyeo55 CKH serious or joking ?
23/11/2018 21:00
ckh823 Serious. The volume is getting lesser and people keep throwing this share in the past few days. Today only left few players. Shark is gone. Got few players supporting this counter only. Left the small fishes unless the shark swim back. No momentum at all....engine sudah mati.
23/11/2018 21:45
nickyeo55 Oh . Sound like u have some inside news .
I guess u must have sold yours today already.
Happy trading
23/11/2018 23:32
ckh823 Sold out some la. Buy back some at 0 225. Director bought in some of stock at 0.235. Good luck no shark ono luck
26/11/2018 22:38
commonsense The market was caught by surprised on the news of the MD, Datuk Seri Anuar bin Adam selling a total of 44.5mil shares of the company on the 30th Nov and 3rd Dec. The amount represent a total of 25% of his original holding (178.6mil shares). Upon the disposal he still owns 134mil shares. Still not sure if he is planning to pare down further his holding or not.

I don't think the disposal was done on the open market given that volume for both of the dates were only 1.5mil and 2.2mil respectively. Still not sure to whom he sold his shares to. If it is to the same party, it should be announce soon given that the 44.5mil shares represent 5.7% shares outstanding (falls under substantial shareholder)

Profit recorded in 3Q18 should continue in 4Q18 supported by the continuous progress billing of Mizumi Residences project which was at 23.7% completion. Assuming the company managed to post a PATAMI of RM16mil in FY19, at the current price the company is valued at 11x PE which is not overvalue but still higher compared to other property companies. NTA is at 47sens of which 28 sens is under "Timber concession rights".

Given the most recent major shareholder activities, it is better for those that are interested in the company to wait for some clarity from the company as to why the major shareholder is selling a big portion of his share.

Those that are already invested, would need to prepare for some volatility given the uncertainties of the recent events.

For those that are looking to diversify some of their holding outside of Tadmax (due to the near term uncertainties) I would recommend them to look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope that the MD share disposal is actually a decision to bring in new strategic partners.

Good luck.
05/12/2018 00:49
naaim207 as far as I know off, there's DBT transactions on 30Nov & 03Dec.. but, have no idea on the details. Hopefully, the other party who received the shares will be known soon
05/12/2018 17:17
Solomon7 I suspect another friendly party Tan is collecting
06/12/2018 19:53
ckh823 Something not right. MD sold his share at RM0. 22 which is a discount price compare 1 year ago. From last 3 days observation, got people curi run away la. Yeo Bee Nee might call off the energy project soon. That why they sell off the share so fast... Please aware and don't get trap at the end.
06/12/2018 20:39
sherlock i wonder who buy 17% stake from MD.
07/12/2018 04:57
ckh823 Bro. This Company already obtain the project and forseen can earn money. If undervalue, sharr will sell higher price. But now, MD only sold their share at 0.22. That's the question mark. Why below market price since they had spent so many effort.
07/12/2018 06:50
ckh823 Don't get trap
07/12/2018 06:50
ckh823 Get ready to buy... 0.215
11/12/2018 10:46
InsightDave Yes, don't get trapped. Papua property is stranded asset and permit likely to be reviewed.
21/12/2018 04:47
steady31 a total of more than 15% of the issued capital has changed hands off market.yet the name of the buyer is not disclosed.This is in breach of . regulations.
21/12/2018 11:58
steady31 Time to load up if buyer is Worlwide Holdings
21/12/2018 12:00
nickyeo55 Happy New Year everyone and wishing you all the best for the year 2019.
01/01/2019 21:30
ckh823 Take note on this counter. Some news going to release soon.
08/01/2019 22:32
ckh823 http://www.sinchew.com.my/node/1818078
14/01/2019 13:28
ckh823 Grab before too late
14/01/2019 13:29
ckh823 https://vassarnews.com/tadmax-resources-berhad-4022-kl-climbing-the-ladder-17-50-for-the-week/
15/01/2019 08:06
ckh823 Get ready. POSCO E&C will sign an EPC agreement with Tadmax early next year with the aim to begin commercial operation by January 2023. Source: POSCO E&C (19 Nov 2018)
18/01/2019 00:28
ckh823 Up Up Up
24/01/2019 12:46
steady31 Bursa should investigate why the buyer of the more than 15% stake from the M.D has not made any announcement of his purchase which is required by law to declare whenever it is more than 5%.Be careful of syndicate buying to distribute into the market
13/02/2019 11:43


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