TDM a subsidiary of the Terengganu state government, aims to be among the top-100 listed companies by market capitalisation on Bursa Malaysia by 2022, with RM2bn. TDM group managing director Datuk Mohamat Muda said TDM, which among other things, focused on the plantation and health sectors, also aimed to achieve a profit of RM200m within the next five years and pay out RM100m in dividends. (Bernama)
#Andry007, good question. I also don't know. :) The above cut and paste statement from Bernama news is just for sharing. 200m in 5 years=50m profit per year which is quite possible. Try to look back the statement 'which among other things, focused on the plantation and health sectors'. Perhaps they are planning to disposal palm oil landbank to The East Coast Rail Line (ECRL) to make gain?
@AAAinvestor, may be i misunderstand the point, at the moment TDM 2016 NP already 156 millions and for 2015 at 60 millions. So the statement by the TDM group MD is to achieve 200 millions in a year for 2022 (after 5 years) with the annual earning of 12cents and PE=10 and share price of RM1.2 , 2 billions market capitalisation.
The plan actually very easy to achieve if the palm oil price stay at 2,8 or 3 thousand level or they need to expand the new plantation area. As you know young tree need 3 to 5 years to mature.
So if GMD come out with a statement like this, he must had a plan
YoY comparison for CPO production & price April'17 6519 @ RM2754 vs April'16 5912 @ RM2653 May'17 7410 @ RM2804 vs May'16 6506 @ RM2602 June'17 5166 @ RM2450 vs June'16 5907 @ RM2542 51 mil vs 47 mil
Plantation segment seems slightly better YoY, let's see how well is Health segment contributing
today I start sapu tdm. actually is good to buy tdm and dutaland are so near. but finally i chosen tdm. I just feel.tdm.can give a good result rlthis month.
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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....
Myeye
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Posted by Myeye > 2017-06-28 13:40 | Report Abuse
steady ~.~