Plantation Commentary on the prospects, including the factors that are likely to influence the Group's prospects for the remaining period to the end of the financial year or the next financial year if the reporting period is the last quarter ThepalmpricescontinueditsmomentumandwentaboveRM3,100levelinearlyJanuary2020.However,newsontheCoronavirusdisease2019(Covid-19)outbreakinWuhan,China,haveshatteredtherallyandpressureddownthepalmoilprices.CPOpricenosedivedRM400towardsRM2,600permtlevel within just two days. TheGroupisoptimisticonthelong-termfundamentalsoftheindustryandwillremainfocusedinimprovingproductivityandoptimizingproductioncost.Wearecommittedtooursustainabilityagendainensuring our growth is benefiting our people, planet and stakeholders. WeareoptimisticthatourHealthcareDivisiongrowthwillcontinuetobesupportedbyourcapacityexpansionandintroductionofnewservices,despiteofchallengingeconomicenvironmentandentryofnew players to the industry that will continue to weigh on the Healthcare sector. TheGroupiscautiouslyoptimisticofachievingsatisfactoryoperatingperformanceinthenextfinancialyear. However,webelieveyear2020willstillbebetteryearforCPOpricesupportedbylowproduction,lowstock level, on-going higher biodiesel mandates and strong demand.
Q4FY19 revenue growth of 17% while EBITDA grew by 206% mainly driven by stronger operating performance of Plantation and Healthcare Kuala Terengganu – TDM Berhad (“TDM” or “the Group”) reported a strong full-year result with Revenue up 7% to RM431.7 million and EBITDA grew 70% to RM69.9 million year-on-year. Adjusted EBITDA which indicates operating performance, increased 84% to RM77.3 million.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
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Posted by Mikecyc > 2020-02-28 10:36 |
Post removed.Why?