On 5 March I posted my article namely “TDM is ridiculously undervalued” in which I pointed out that TDM has 44,247 ha of oil palm plantation and 4 Hospitals which have an open market value many times larger than its market capitalization.
I am obliged to give you this additional information so that you can make good investment decision.
In 2021 TDM lost Rm 32.2 million
In 2020 TDM lost Rm 14.2 million
In 2019 TDM lost Rm 79.5 million
In 2018 TDM lost Rm 76.4 million
Obviously TDM management team do not know how to manage oil palm plantation and hospitals operation.
I wanted to meet TDM management.
About 1 week ago, I wrote to the Executive Director and CFO of TDM to make an appointment for discussion. But I did not get a reply. I wanted to find out why the company had lost money in the last 4 years.
My opinion
The best way to benefit shareholders is to sell away some of the assets and distribute the sale proceeds as dividend. I do not think TDM will do that.
My article “TDM is ridiculously undervalued” might encourage investors to buy TDM shares because it is so much undervalued. My advice is never to buy any stock based on NTA.
Among all the stock selection criteria such as NTA, cash flow, healthy balance sheet, debt free etc, the most powerful catalyst that can push up share price is profit growth prospect which TDM does not have.
Since TDM does not have good profit growth prospect, you should not buy it as there are many other better plantation stocks such as Jaya Tiasa etc.
Chart | Stock Name | Last | Change | Volume |
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Created by Koon Yew Yin | Apr 18, 2024
After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.
Created by Koon Yew Yin | Mar 29, 2024
Currently Sabah Government does not know that solar panel produces the cheapest electricity???
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During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.
Created by Koon Yew Yin | Mar 04, 2024
All property developers have just announced their annual profit for 2023. All of them reported increased profit.
Created by Koon Yew Yin | Mar 04, 2024
Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.
Created by Koon Yew Yin | Mar 01, 2024
What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...
Created by Koon Yew Yin | Feb 29, 2024
After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.
Created by Koon Yew Yin | Feb 29, 2024
KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.
Created by Koon Yew Yin | Feb 26, 2024
Several economists and local industry representatives are confident that Malaysia’s gross domestic product (GDP) growth will strengthen this year, despite easing in the final quarter of last year.
Created by Koon Yew Yin | Jan 08, 2024
KSL price chart is super bullish as shown below. KSL last traded at Rm 1.33.
Puts out article, "TDM best plantation stock to buy"
Reads comments
Oh s**t!
Puts out article, "TDM's poor track record," don't buy.
2022-03-11 09:13
At this point I rather take advice from my toddler than from KYY. She tells me to buy Harimau Bank.
2022-03-11 09:17
Spin the wheel. I think Uncle will select from HS Plant, Cepat or Jaya Tiasa after considering the traded volume & share price.
2022-03-11 09:44
Hahaha... don't know what to say about this old man. Now he mentions Jtiasa.
With no offense to Jtiasa's investors , from my knowledge Jtiasa is also not the well managed plantation company. Its timber/plywood business also show poor performance in most years.
The better managed pure plantation companies are SOP, Hsplant, KMloong, MHC/Cepat, swkplant, KLK, Utd plant etc. Taann which is like Jtiasa having timber/plywood business is much more superior than Jtiasa.
Bplant is also more superior than Jtiasa.
2022-03-11 09:49
He said email to TDM Board of directors, why the Board of director need to entertain him? Funny FUD.
2022-03-11 09:50
This Koon fella is ridiculous. Given his advancing years and obviously declining faculties, he should do everyone a favour and stop posting articles in I3Investor. But his ego won't let him.
2022-03-11 10:09
New candidate? Based on today volume, should be JayaTiasa or CepatWawasan.
2022-03-11 10:51
Hahahahaha its ok Mr Koon, we all know the quality of your stock tips. In a word --Misleading !!
2022-03-11 11:52
Given Grandpa Koon super fast u turn of late, i think it's better to avoid buying his recommendations!
2022-03-11 12:53
Hahaha. Looks like nowadays this Uncle only gasak and simply hantam. Then turn around and say he made a mistake. Must be have disposed all to his die hard fans. He better don't touch Cepat or he will bring it to holland
2022-03-11 13:24
I think he has lost his credibility. Any stock he touches with his comments sure sui one.
2022-03-11 14:05
Make up your mind la...I follow you all in TDM at 32sen now trap already.
2022-03-11 18:56
Wondering if KYY actually did put a gun on anyone's head... forcing them to buy or sell stocks. If not, grow up & stop displaying your immaturity, please !!
2022-03-12 12:20
this TDM if sell goreng pisang tepi jalan also will rugi,i remember before they had A&W also can rugi and sell away
2022-03-12 14:07
vcinvestor
Make up your mind old man, is it the "best plantation stock to buy" or what
2022-03-11 09:07