Fantastic QR, finally both health are and msian plantation segments profitable. Best yet they obtained a usd50m offer for the indo plantations and with our great fx rate should be able to net rm215m to pare down debts. No wonder tengku keeps buying the shares. Next QR min 20m profit or more... Share shld move back to 30sen and break the highs once cpo prices starts moving back. Demand for CPO can't be culled due to the deep rooted linkage to f&b products and consumables. The bio diesel offset mops up a smaller % and could cap prices around the 2,800rm/ton range which is good enough.
Can I ask two question here, hope all the TDM comrade here can help to answer:-
1) With the disposal price of RM210mil, TDM will have realised gain or loss on the disposal? i try to google, but cannot find how much cost that previously TDM invested for its indonesia unit.
2) TDM or Terengganu is belong to which politic party? If Muhydin gang win, is it good for TDM or bad for TDM?
From Monday until Friday close, the total outflow was recorded at RM1.1 billion, the largest foreign outflow for this year compared with last week’s RM447.9 million.
After seeing the Great Circus this week, I'm more inclined to see a very positive rebound next week.
It's high time for us to reaps what we have sow..
Anyone who can boast our economy and stock market will get my support.
Few reasons why TDM is a counter to hold 1. Disposal of their loss making indo plantations 2. Diversified business where healthcare biz will contribute rm12m to 14m to the bottom line 3. Key focus in msia and crops which are entering their prime 4. Rationalising their debt with the payment received from indo sale 5. While demand is low currently due the corona virus outbreak, production of palm oil which is the cheaper alternative now will suddenly surge once the outbreak is contained and all countries start building up their stock piles. The stock is pretty stable at this levels but potential to spike 2 to 3x to even rm60sen is very high in the next 3 qtrs. 6. You are not just buying into future PE, it's asset backed.
In the short term avg might be 26 to 28 sen with a high of 32sen and low of 23sen.
Don't forget if TDM proceeds to buy TH plantation assets their mill utilisation will spike and cost per ton reduce due to better leverage and supply chain optimisation
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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....
MoneyAndHoney
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Posted by MoneyAndHoney > 2020-02-28 20:59 | Report Abuse
Maybe when new government initiates something to begin mending strained economic relations with India