TDM BHD

KLSE (MYR): TDM (2054)

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Last Price

0.25

Today's Change

-0.015 (5.66%)

Day's Change

0.24 - 0.265

Trading Volume

24,337,200


21 people like this.

22,490 comment(s). Last comment by fusing79 2 days ago

Posted by ITreeinvestor > 3 weeks ago | Report Abuse

PT RKA was officially served with the decision of the Supreme Court that the Court rejected the appeal and upheld the decision of Pengadilan Tinggi Pontianak as follows:

i) PT RKA is to pay a compensation of IDR188,977,440,000 (approximately RM56,677,646) for the environmental loss to the National Account of Indonesia as per the claim by the Respondent; and

ii) PT RKA is to rehabilitate the environment on the affected area due to the fire incident of 2,560 ha and to reactivate the affected ecology system with the cost of IDR731,036,640,000 (approximately RM219,250,698).

Albukhary

2,717 posts

Posted by Albukhary > 3 weeks ago | Report Abuse

TDM is back on track, heading to its Wawasan 2030.

Below is quote by TDM's chairman before :-

"Under the group's transformation model, TDM hopes to attain a market capitalisation of RM2bil, RM100mil in annual dividend and RM1bil in revenue".

old boy

165 posts

Posted by old boy > 3 weeks ago | Report Abuse

Hi Albukhary, can you share the link where the statement from?

arif42

8 posts

Posted by arif42 > 3 weeks ago | Report Abuse

kepala sawit

Superb99

6,577 posts

Posted by Superb99 > 2 weeks ago | Report Abuse

Price like stuck below 0.3

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

As long as the market maintain its stability (no big bad news or political change), I strongly believe that TDM will marching across 30sen and heading to 35sen. Reason being:-

1) TDM have been undervalue for many years
2) The Indonesia bad news have been passed, whatever losses have been recognised, and the Indonesia subsidiary have been sold (I believe the disposal can be completed within this year, so all the legal issue will be no longer related to TDM)
3) Its healthcare business is really doing good, and it will be doing even better in 2024. I believe the Healthcare business can generate minimum EBITA of RM50mil per year.
4) CPO price will be continue at above RM3700 level, so TDM plantation unit will not facing losses anymore, and it could be generate RM30-40mil per annum.

In overall, I estimate RM70mil PAT for Year 2024 (approximately RM15-20mil per quarter), and EPS will be minimum 4 sen per quarter.

Based on minimum 10 times PE, TDM should be at least worth 40sen.

This 40sen Target Price sure can be achieve if TDM continuous posted PAT above RM15mil++ for Q1 and Q2 2024.

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

KUALA TERENGGANU: Plantation and healthcare group TDM Bhd has invested RM29.1mil in two new hospitals this year.

Executive director Najman Kamaruddin said the healthcare sector contributes about 50% to the group’s overall profits and the two new hospitals are expected to increase the profits considerably.

“An investment of RM14.1mil is allocated for the construction of the 100-bed KMI Chukai Medical Centre in Kemaman, while Razif Hospital, in Klang, Selangor, involves an investment of RM15mil for the takeover process.

“Both of these hospitals will be managed by TDM’s subsidiary Kumpulan Medic Iman Sdn Bhd,” he said at a press conference.

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

TDM Bhd embarks on its five-year plan to become one of the top 100 companies listed on Bursa Malaysia, it intends to invest up to RM1 billion to expand its plantation and healthcare businesses.

lck1300

458 posts

Posted by lck1300 > 2 weeks ago | Report Abuse

let big player collect , we just wait

lck1300

458 posts

Posted by lck1300 > 2 weeks ago | Report Abuse

2nd wave coming ,

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

我曾经跨过山和大海
也穿过人山人海
我曾经拥有着的一切
转眼都飘散如烟
我曾经失落失望
失掉所有方向
直到看见TDM
才是唯一的答案

lck1300

458 posts

Posted by lck1300 > 2 weeks ago | Report Abuse

See how high can it go for 2nd wave , will hold tight my ticket

see2sea

2,194 posts

Posted by see2sea > 2 weeks ago | Report Abuse

TDM, one of my favourite

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

When a counter hit 52week high, then 3 year high. then 5 year high..
It will shoot all the way to the sky, because there is no resistant anymore.
All the shareholder are making money, there is no one still holding the share with paper loss.

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

Not sure there will be any privatisation or not... If yes, please offer fair price based on the company actual value. Any price below 50sen will not be accepted.

Posted by majuJayaInsyaAllah > 2 weeks ago | Report Abuse

fly high TDM. the future is bright with steady palm oil price and expansion of healthcare biz.

x_abe81

105 posts

Posted by x_abe81 > 2 weeks ago | Report Abuse

Whats TDM share target price yeah considering the expansion /transformation plan?

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

Without any expansion plan, and assume market economy sentiment is not good, TDM should worth 40sen.
Without any expansion plan, and assume market economy sentiment is good, TDM should worth 50sen.
With the expansion plan, or sub listing of its medical unit, and assume market economy sentiment is good, TDM should worth 70sen.

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

TDM could be the leader (Dragon Head) for this round of Plantation Counter.

speakup

25,013 posts

Posted by speakup > 2 weeks ago | Report Abuse

aduh! missed this one ☹

shiby

214 posts

Posted by shiby > 2 weeks ago | Report Abuse

Double up from cost.i will continue holding

Albukhary

2,717 posts

Posted by Albukhary > 2 weeks ago | Report Abuse

Smart move... TDM announce self clarification before Bursa issue UMA Query.
So this can avoid UMA query.. Let TDM rest for few days, then continue to shoot up to next level.
Perhaps 70sen? Haha...

smartly

6,379 posts

Posted by smartly > 2 weeks ago | Report Abuse

70sen ? possible.

KingKKK

343 posts

Posted by KingKKK > 2 weeks ago | Report Abuse

TDM is undervalued at 7.3x FY24 PE.

Compare this to Healthcare PE:
IHH: 17x
KPJ: 28x

And plantation stocks PE:
TSH: 15x
TH Plantation: 20x
Kretam: 13x
KimLoong: 14x

I assume TDM can generate 4.4 sen EPS in 2024.

In Q4 2023, TDM EPS for continuing operation is 1.1 sen.

KingKKK

343 posts

Posted by KingKKK > 2 weeks ago | Report Abuse

TDM intrinsic value is 60sen.

This is calculated by multiplying 13.6x PE with FY24 EPS of 4.4 sen.

13.6x PE is at 40% discount against average healthcare stocks PE in Malaysia.
It is also at 20% discount against plantation stocks average PE of 17x. Lower PE due to lower marker cap.

Overtime TDM PE should be higher than this as its earnings become more concentrated to healthcare.

In FY2023, healthcare earnings (PBT) is RM31m vs plantation RM14m.

Healthcare contributed 69% of 2023 earnings. This is much higher than 2022 healthcare contribution of 22%.

Posted by loonisback > 1 week ago | Report Abuse

game over? nice timing to run?

Albukhary

2,717 posts

Posted by Albukhary > 1 week ago | Report Abuse

For today is game over d.
Tomorrow will be a fresh new start.
Gambateh

3101575000

494 posts

Posted by 3101575000 > 1 week ago | Report Abuse

I still hold. Looking forward for better profit.

Michael Kwok

6,057 posts

Posted by Michael Kwok > 1 week ago | Report Abuse

Stock to caution
Sell call tdm 29 cents.
Usually in this time of situation will go below 25 cents,stay for a while.
11/4/24 6.23pm

Albukhary

2,717 posts

Posted by Albukhary > 1 week ago | Report Abuse

I am not good at Technical Analysis, so I am not sure whether it will go down to 25sen.
But I am a fundamental guy.. I see value in TDM, and its value compare to its share price now, TDM is a very good buy. As a fundamental guy, I notice that for the past 3 months, more n more hidden gem with good fundamental have been buy up, and their share price never come down after go up.
With less and lesser good fundamental stock with low share price, I believe TDM will be in the radar for many investor, and its share price should be continue to go up.

3101575000

494 posts

Posted by 3101575000 > 1 week ago | Report Abuse

If go down I’ll buy more to keep

Posted by AlphaInvestor > 5 days ago | Report Abuse

The stock is trading at Moving Average 20 support of 28 sen. This is a good entry level.

Historically, share price rebounded every time it drop to Moving Average 20 on the following date:
i) 16-Feb-2024
ii) 27-Feb-2024
iii) 21-March-2024
iv) 3-April-2024

Albukhary

2,717 posts

Posted by Albukhary > 5 days ago | Report Abuse

Yup, it drop because of market fear of war.
If no war, by right TDM has cross 32sen today

Posted by AlphaInvestor > 5 days ago | Report Abuse

Actually TDM indirectly benefit from war.

As crude oil price goes up, CPO price will follow because it can be converted into biodiesel

Healthcare business not affected since Middle East is too far away.

Posted by loonisback > 5 days ago | Report Abuse

ggwp, push to 0.25 plz

Albukhary

2,717 posts

Posted by Albukhary > 5 days ago | Report Abuse

Banyak sakit...
My TDM portfolio unrealised gain drop a lot this two days.
Luckily I can hold... but feel sorry for many punter that playing contra.

fusing79

99 posts

Posted by fusing79 > 2 days ago | Report Abuse

in dilemma as the stock has break 30 days MA for 3 days

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