Meanwhile, on its healthcare business, Mohamat says the listing of the healthcare unit is expected to take place in 2018 or 2019.
TDM’s target is to increase its bed size to 1,000 by 2022, from 297 beds now.
“While we meet the requirement set by Bursa Malaysia to list our healthcare unit, we want to grow our bed size substantially to ensure that we have a stronger footing.
“We will maintain our focus on providing affordable healthcare services,” he says, adding that the group has targeted for its new Kuala Terengganu Specialist Hospital to open in July this year.
The facility has 143 beds.
He reveals that the company is in the midst of discussion to either acquire or build another hospital.
MENTERI Besar Dr Ahmad Samsuri Mokhtar (kiri) mendengar penerangan mengenai projek bio-gas oleh Ketua Pegawai Eksekutif TDM Berhad Datuk Mohamat Muda (dua, kiri) ketika melakukan lawatan kerja di kilang Bio-Organik dan Bio-Gas di Pelantoh. - Foto BERNAMA TDM Bhd bina dua loji biogas Share
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Share KEMAMAN: TDM Bhd, anak syarikat kerajaan Terengganu akan membangunkan dua projek loji biogas di Kemaman dan Sungai Tong, berkonsepkan teknologi hijau.
Projek bernilai RM38 juta yang menggunakan sistem 'covered lagoon' itu dijangkakan bermula pada September tahun ini dan siap sepenuhnya dalam tempoh setahun.
Ketua Pegawai Eksekutifnya Datuk Mohamat Muda, berkata projek berkenaan adalah inisiatif di bawah program Tranformasi TDM baharu yang akan dilaksanakan oleh syarikat Concord Renewable Energy Sdn Bhd yang berpengalaman luas dalam bidang biogas.
"Projek ini menggunakan konsep 'boot' iaitu bina, operasi dan pindah, yang ditanggung sepenuhnya oleh pemaju.
"Loji biogas mengutamakan teknologi hijau dalam memastikan penjagaan alam sekitar yang mampan dan juga membantu mengukuhkan lagi sistem rawatan olahan kilang kelapa sawit yang sedia ada supaya tidak mencemarkan alam sekitar," katanya pada majlis perasmian kilang bio-organik, rumah pekerja dan taklimat projek biogas di Pelantoh, Kemaman yang disempurnakan oleh Menteri Besar, Dr Ahmad Samsuri Mokhtar, hari ini.
Turut hadir, Pengerusi Jawatankuasa Infrastruktur, Kemudahan Awam, Utiliti dan Teknologi Hijau negeri, Mamat Puteh dan Pengerusi TDM Berhad, Datuk Wan Nawawi Wan Ismail.
Mengulas lanjut, Mohamat berkata setiap loji bio gas akan menghasilkan dua megawatt (MW) elektrik untuk disalurkan ke grid Tenaga Nasional (TNB) dengan anggaran janaan pendapatan TDM berjumlah RM28 juta selama 16 tahun.
Selain itu, menurut Mohamat pihaknya juga sedang bekerjasama dengan Universiti Putra Malaysia (UPM) bagi tujuan penyelidikan teknologi mikrob untuk mengurangkan pembelian bahan tersebut dari pasaran luar.
"TDM Berhad mempunyai kilang pertama bio-organik automasi sepenuh di Semenanjung Malaysia. Kilang itu menggunakan teknologi penghasilan mikrob secara dalaman dan kedua selepas kilang baja organik di Sungai Tong.
"Kita sudah menandatangani Memorandum Persefahaman (MoU) dengan UPM untuk tempoh lima tahun bagi membangunkan teknologi ini dengan UPM akan berusaha memastikan projek ini mencapai kejayaan," katanya.
Sementara itu, Ahmad Samsuri berkata kerajaan negeri berpuas hati terhadap perkembangan TDM Bhd yang terus berkembang maju dan merangka pelbagai pelan perniagaan.
Beliau berkata kerajaan negeri mahu syarikat berkaitan kerajaan Terengganu menyumbang dalam meningkatkan ekonomi negeri.
"Saya amat berbangga kerana TDM tersenarai antara 1,500 syarikat yang disenaraikan di Bursa Saham Malaysia.
"Saya meletakkan prinsip Al- Qawwy dan Al-Amin menjadi teras kepada pengupayaan dan pembangunan sumber manusia atau modal insan kumpulan TDM," katanya - BERNAMA
TDM in transformation mode Plantation and healthcare company eyes a place in the top 100 of Bursa Malaysia StarBiz11 Aug 2018By ZUNAIRA SAIEED zunaira@thestar.com.my
Raja Idris: TDM will be looking at M&As in an effort to expand its existing businesses in the oil palm and healthcare sectors. PLANTATION and healthcare group TDM Bhd is undertaking a major restructuring exercise in its core businesses and has set a goal to be one of the top 100 public-listed companies by market capitalisation on Bursa Malaysia by 2022.
Under the group’s 2017-2022 transformation model, TDM hopes to attain a market capitalisation of RM2bil, RM100mil in annual dividend and RM1bil in revenue within the next five years. .
Under the group’s 2017-2022 transformation model, TDM hopes to attain a market capitalisation of RM2bil, RM100mil in annual dividend and RM1bil in revenue within the next five years. .
To perform this challenging task , Raja Datuk Idris Raja Kamarudin, who was previously the group’s executive director back in 2000 to 2004, has made a comeback to assume the position of the group’s new chairman.
With over 30 years of experience in the corporate scene, Raja Idris has helmed top management posts in private limited, public-listed and multinational companies with a proven track record of turning around the balance sheets of loss-making companies.
He is a director in Terengganu Inc Sdn Bhd, an investment-holding company of the Terengganu state government, which is a major shareholder of the TDM group.
He is a director in Terengganu Inc Sdn Bhd, an investment-holding company of the Terengganu state government, which is a major shareholder of the TDM group.
Raja Idris tells StarBizWeek in a recent interview that “for the group to attain its ambitious target, several aggressive corporate changes within the group will take place starting from January 2019 onwards.
“We will need to undertake an expansion exercise as we only have four months left until the end of the year.
“So, the management and major shareholders will need to sit down to discuss on creating the right game plan for the group,” says Idris who recently took helm of the TDM group in July this year.
“TDM will be looking at mergers and acquisitions (M&As) in an effort to expand its existing businesses in the oil palm and healthcare sectors,” he says adding that the group would also be eyeing for new growth opportunities from the two business segments.
“TDM will be looking at mergers and acquisitions (M&As) in an effort to expand its existing businesses in the oil palm and healthcare sectors,” he says adding that the group would also be eyeing for new growth opportunities from the two business segments.
In plantations, Raja Idris says the group is considering to expand its plantation land beyond the borders of Terengganu as well as venturing into downstream activities such as setting up palm oil refineries.
As for the healthcare segment, the company is looking to increase its bedcounts to 1,000 beds, from 407 beds currently.
Earlier this year, TDM started the operation of its 143-bed at Kuala Trengganu Specialist Hospital (KTS), which will feature a heart centre by end of this year or early next year.
Earlier this year, TDM started the operation of its 143-bed at Kuala Trengganu Specialist Hospital (KTS), which will feature a heart centre by end of this year or early next year.
TDM also plans to build a 100-bed, purpose-built hospital in the Klang Valley which will likely take place next year with the definitive details to be finalised by year-end.
Paring debts
Apart from expansion growth and M&As, Raja Idris says top on his priority list will be to pare down the group’s current net gearing level of 0.7 times to drive value creation for its stakeholders moving forward.
Raja Idris admits that the biggest challenge would be to improve the balance sheet of TDM, given its high gearing ratio. “I have given myself six months to sort out this issue, particularly pertaining to the liabilities of the company.
Raja Idris admits that the biggest challenge would be to improve the balance sheet of TDM, given its high gearing ratio. “I have given myself six months to sort out this issue, particularly pertaining to the liabilities of the company.
“Personally, I believe that achieving profits alone will
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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....
bulldog
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Posted by bulldog > 2018-07-16 12:10 | Report Abuse
Tdm coming....