Posted by mfbs > 2019-02-20 08:04 | Report Abuse

today can go 22 cent??

Posted by pasarku > 2019-02-20 08:25 | Report Abuse

Shit company

Posted by mfbs > 2019-02-20 08:25 | Report Abuse

hihihi

Posted by bulldog > 2019-02-20 09:49 | Report Abuse

Very defensive stock....sold 20 qbuy 19.5

Posted by bulldog > 2019-02-20 10:37 | Report Abuse

Coming...

Posted by bulldog > 2019-02-20 10:38 | Report Abuse

Vroom

Posted by bulldog > 2019-02-20 10:38 | Report Abuse

Ini kalilah

Posted by bulldog > 2019-02-20 10:43 | Report Abuse

Open the gate for 22 please ..

Posted by bulldog > 2019-02-20 12:16 | Report Abuse

Fuyyo...21 will be clear Soon

Posted by commonsense > 2019-02-20 14:39 | Report Abuse

TDM is not the only plantation company that posted disappointing results in the most recent quarters. If you go through other financial reports, most (if not all) plantation companies are affected by the low CPO price in Jul-Sept period.

In terms of valuation, all plantation stocks are currently trading at a high PE multiple (for those that still managed to record profit) or in TDM case, negative PE. This is reflective of the downturn cycle of the plantation industry. I don't think that the industry will reverse their down cycle anytime soon given the general demand of the commodity is expected to go down in the future. China for example, is negotiating with US to take in more agriculture products from US which would potentially include soybean (or soybean oil). In general, Chinese consumption of oil would not actually go up that much. So the increase of soybean oil import from US to China would actually be at the expense of other oil commodities from other countries (in particular palm oil from Indonesia and Malaysia). Another issue is on the European demand of palm oil which is expected to go down exponentially given the proposed ban of palm oil use in food and transportation industries in the future. They have already agreed to phase out the use of palm oil in transport fuel by 2030. Some countries like France and Norway have already started to move away from palm oil.

With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies like TDM as the return to upcycle might not be in the near future. 4Q18 result will most probably still be in the negative territory.

If you are looking to diversify your portfolio outside of TDM (due to its weak earnings outlook) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 7.0x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 6.0x PE.

Please go through the analyst reports and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by mfbs > 2019-02-20 14:59 | Report Abuse

hihi

Posted by bulldog > 2019-02-20 15:21 | Report Abuse

21 clear...next 21.5....marching towards 22

Posted by bulldog > 2019-02-20 15:22 | Report Abuse

Huatt chai..

Posted by bulldog > 2019-02-20 15:24 | Report Abuse

Tunjuk langit......

Posted by pasarku > 2019-02-20 15:35 | Report Abuse

Tunjuk saja bos. Lembik

Posted by bulldog > 2019-02-20 15:44 | Report Abuse

Slow and steady bossku....

Posted by pasarku > 2019-02-20 15:51 | Report Abuse

Bila mau terbang bos

Posted by mfbs > 2019-02-20 16:26 | Report Abuse

sabar boss

Posted by bulldog > 2019-02-20 17:04 | Report Abuse

Hero biasanya kalah dulu......

Posted by bulldog > 2019-02-20 17:04 | Report Abuse

Lepas tu kita buat macam frontkn style...

Posted by pasarku > 2019-02-21 10:12 | Report Abuse

Lanjau punya company

Posted by longvalley > 2019-02-21 12:48 | Report Abuse

Just collect........!

Posted by pasarku > 2019-02-22 12:44 | Report Abuse

Lanjau punya company

Posted by Bursawise > 2019-02-22 13:21 | Report Abuse

haha...

Posted by pasarku > 2019-02-25 08:18 | Report Abuse

Ini lanjau bila mahu jalan

Posted by bulldog > 2019-02-26 16:04 | Report Abuse

Qbuy@18 5

Posted by pasarku > 2019-02-28 11:13 | Report Abuse

Lanjau company go total loss

Posted by barcelona > 2019-02-28 11:39 | Report Abuse

Tiu Dia Ma company.

Posted by pasarku > 2019-02-28 12:47 | Report Abuse

Lanjau punya company. Worst management

Posted by mfbs > 2019-02-28 18:58 | Report Abuse

Total loss

Posted by pasarku > 2019-02-28 19:01 | Report Abuse

Siiialan punya company

Posted by pasarku > 2019-02-28 19:07 | Report Abuse

Impairment losd 41m. Siiaalaan

Posted by smartly > 2019-02-28 19:08 | Report Abuse

holland

Posted by mfbs > 2019-02-28 19:44 | Report Abuse

For future, hospital segmen very attractive & high profit. Buy for long term will be good and not regret

Posted by KakLimah > 2019-03-01 00:07 | Report Abuse

0.15

Posted by ming > 2019-03-01 02:15 | Report Abuse

opportunity lai liao.. but palm price still weak

Posted by bulldog > 2019-03-01 12:09 | Report Abuse

Qbuy@16

Posted by pasarku > 2019-03-01 23:15 | Report Abuse

Bulldog2

Posted by IvanC > 2019-03-02 18:04 | Report Abuse

this stock can only play short term. long term sure die. TDM problem is bad management, segmen good will only let this company die slower. Will be PN17 very soon.

Posted by KakLimah > 2019-03-03 00:21 | Report Abuse

keep invest....good company...CPO lower, not bcz of bad management...

Posted by bulldog > 2019-03-04 09:52 | Report Abuse

Accumulation in progress...

Posted by pasarku > 2019-03-04 19:34 | Report Abuse

Bulldog2

Posted by bulldog > 2019-03-05 09:06 | Report Abuse

Tdm coming.....qsell@18.5

Posted by bulldog > 2019-03-05 09:13 |

Post removed.Why?

Posted by bulldog > 2019-03-05 09:13 | Report Abuse

Qsell some more@19

Posted by bulldog > 2019-03-05 09:16 | Report Abuse

Parking sales partial@19.5 and 20..... buyer lai lai......

Posted by bulldog > 2019-03-05 09:16 | Report Abuse

Fuyyo...ini kalilah

Posted by kevin5059 > 2019-03-05 09:41 | Report Abuse

In Year 2018, our total palm oil export to the world was around 18.4 million tons. China just increase their portion for another extra 1.62 million tons. To be precious is it 8.8%+ increased. However, the effect will not be so soon to be reflected in the company report. For long term, it is definitely a good sign for CPO counter.

Posted by kevin5059 > 2019-03-05 09:44 | Report Abuse

You may get the CPO export data from:
http://bepi.mpob.gov.my/index.php/en/statistics/export/192-export-2018/867-export-of-palm-oil-to-major-destinations-2018.html

Posted by YF24 > 2019-03-05 22:23 | Report Abuse

Trend for palm oil courter next week sure fly 0.23 should be no problem