It is a leading healthcare provider in the East Coast region, as it owns the two largest private hospitals in Kuala Terengganu and Kuantan.
Standard & Chartered in its report notes that TDM’s healthcare segment has expanded 15% per year in the last five years in tandem with the rising per capital income levels of Malaysians. More interestingly, the firm says that despite the company’s no-frills strategy and 25% below-peer pricing, the segment had generated a higher pre-tax margin of 9.4% to 13.7% between 2009 and 2013 as opposed to KPJ Healthcare Bhd’s 6.5% to 10.7% for the same period.
Badrul says that TDM is on track to double its capacity to 450 beds by 2016, primarily by expanding its existing hospitals and via acquisitions, with the focus remaining on the East Coast and the Klang Valley. It is looking to expand into new markets such as Kota Baru, Kelantan.
As new capacity comes online, the company hopes to triple healthcare revenue by 2017.
TDM is planning to spin off and list its healthcare division, although this may be slightly later than the initial 2016 timeline set. “In terms of regulatory requirements, we meet the rules. However, we still have enough cash to fund our growth internally, so there is no urgency to list,” he says.
Analysts say there is a need to expand bed capacity to 600-800 beds before TDM can proceed with the listing plan to improve economies of scale and make its healthcare unit noticeable to investors.
TDM’s current size of 204 beds is significantly smaller than that of its listed peers, namely, KPJ with 2,600 beds, Sime Darby Bhd’s 913 beds and IHH Healthcare Bhd’s 4,800 beds.
"It is now hiring a host of personnel of various medical fields, thus, offering more job opportunities, including for retirees" said Razif, adding that it planned to list the hospital on Bursa Malaysia next year. KTS Hospital is managed by state-owned TDM Berhad which also operates the Kuantan Medical Centre in Pahang, the Kelana Jaya Medical Centre in Petaling Jaya and Taman Desa Medical Centre in Kuala Lumpur.
no frills hospital is the way to go and in such economy landscape...tdm will gain and govt will support..hohohoho..huat ah..wait for tomorrow you all shall know what I am saying..hohohoho
Brand new Kuala Terengganu hospital to open its doors in October 10 JANUARY 2016 @ 7:20 PM BY ADRIAN DAVID KUALA TERENGGANU:
The new RM184 million Kuala Terengganu Specialist (KTS) Hospital will help reduce congestion at the main government referral hospital and offer comprehensive healthcare when it opens its doors in October. Menteri Besar Datuk Seri Ahmad Razif Abdul Rahman said the KTS Hospital on a 34,000sq metre plot in Jalan Sultan Mahmud, Batu Burok is 97 per cent complete after construction began on Nov 26, 2012. "There will be ample facilities for cardiac, paediatric, skin, ear-nose-and-throat, cancer, diabetic, dieting, endoscopic, pathology, multi-resonance imaging, vacular, surgical theatre and intensive care. "This hospital will offer an alternative platform for pecialised and personalised first-class healthcare, thus, helping to reduce dependance on the state's main referral hospital - the Sultanah Nur Zahirah Hospital," he said after a working visit to the KTS Hospital. When ready, he added, the new eight-storey hospital would replace the existing 33-bed one in Jalan Kamaruddin, which is being rented, which has been unable to cope with demand for patients. The new KTS Hospital will have 130 beds, five operating theatres, five maternity rooms, one testing laboratory, one intensive care unit with 12 beds, one infant care unit with 19 beds and 25 ultra-modern clinics to complement a host of specialists and consultants. "In short, the hospital will have all the modern, sophisticated and latest equipment to offer top notch, quality healthcare at affordable rates. "In fact, the hospital is designed to meet European and American standards with single rooms for patients to offer privacy and prevent the spread of contagious diseases. "It is now hiring a host of personnel of various medical fields, thus, offering more job opportunities, including for retirees" said Razif, adding that it planned to list the hospital on Bursa Malaysia next year. KTS Hospital is managed by state-owned TDM Berhad which also operates the Kuantan Medical Centre in Pahang, the Kelana Jaya Medical Centre in Petaling Jaya and Taman Desa Medical Centre in Kuala Lumpur.
With Price over book of 0.69 & low PE compare to peer how come no body realize this gems?... Plus healthcare arm listing next year RM0.69 is definitely undervalue
Hope maintain this price until next year. Every month I buy 10 lot..approx 7k per month. Currently only 50 lot . My target is 200 lot for this share. Dunno it will like other palm oil counter get flying color result like klk, United, genp , batukawan . Anyway hope will not like Fgv, lose money during good time .. If all guy like to buy fgv, better buy tan, at least better than fgv.
Aiyooo sama mcm FGV?...ini company listed berapa punya lama lah...ITU FGV Baru berapa tahun...
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Posted by wakakaka88 > 2016-10-18 08:42 | Report Abuse
palm price keeps adding up..wakakakakaka..huat lo..wakakakakaka