• TDM is involved in: (i) the oil palm plantation business (via the group’s 44,247 hectares of planted oil palm at its estates in Terengganu and Indonesia); and (ii) the healthcare sector (as the group owns and operates four specialist hospitals in Kuala Lumpur, Petaling Jaya, Kuala Terengganu and Kuantan).
• After posting net losses in the preceding two quarters, the group turned around with net profit of RM13.3m in 3QFY21, lifted mainly by stronger plantation contributions.
• For the 9MFY21 reporting period, TDM’s YTD net earnings stood at RM5.6m (versus net loss of RM2.2m previously). The plantation business logged a PBT contribution of RM34.5m (+55% YoY) while the healthcare division made a marginal PBT of RM1.2m, which combined to offset losses from the investment holding & others segment.
• With the current month CPO futures price now hovering at a record high of RM5,869 per MT vis-à-vis its YTD average CPO price of RM4,135 per MT, the plantation division is expected to show an even stronger earnings jump going forward.
• Technically speaking, TDM shares are currently on an uptrend after bouncing up from a recent low of RM0.225 in late January this year.
• And the upward trajectory will likely extend as the strengthening trend in the Parabolic SAR, MACD and momentum indicators are signalling a positive bias for the share price.
• On the chart, the stock could climb towards our resistance thresholds of RM0.33 (R1; 20% upside potential) and RM0.36 (R2; 31% upside potential).
• Our stop loss price level is pegged at RM0.225 (representing a downside risk of 18% from the last traded price of RM0.275).
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....
james70
327 posts
Posted by james70 > 2022-02-16 10:06 | Report Abuse
From Kenanga:
TDM Bhd (Trading Buy)
• TDM is involved in: (i) the oil palm plantation business (via the group’s 44,247 hectares of planted oil palm at its estates in Terengganu and Indonesia); and (ii) the healthcare sector (as the group owns and operates four specialist hospitals in Kuala Lumpur, Petaling Jaya, Kuala Terengganu and Kuantan).
• After posting net losses in the preceding two quarters, the group turned around with net profit of RM13.3m in 3QFY21, lifted mainly by stronger plantation contributions.
• For the 9MFY21 reporting period, TDM’s YTD net earnings stood at RM5.6m (versus net loss of RM2.2m previously). The plantation business logged a PBT contribution of RM34.5m (+55% YoY) while the healthcare division made a marginal PBT of RM1.2m, which combined to offset losses from the investment holding & others segment.
• With the current month CPO futures price now hovering at a record high of RM5,869 per MT vis-à-vis its YTD average CPO price of RM4,135 per MT, the plantation division is expected to show an even stronger earnings jump going forward.
• Technically speaking, TDM shares are currently on an uptrend after bouncing up from a recent low of RM0.225 in late January this year.
• And the upward trajectory will likely extend as the strengthening trend in the Parabolic SAR, MACD and momentum indicators are signalling a positive bias for the share price.
• On the chart, the stock could climb towards our resistance thresholds of RM0.33 (R1; 20% upside potential) and RM0.36 (R2; 31% upside potential).
• Our stop loss price level is pegged at RM0.225 (representing a downside risk of 18% from the last traded price of RM0.275).