@Richmore Mabel, where did u get the above info..i mean the competitors
It's coming from my Mabel Research House. It's best efforts and that's for I Stone. Please do your own research too..and do share if you have better information..
Revenue is now anchored in the bright cashless payment future ...a must buy stock since cashless payment still only in early growth stages in Malaysia...hope Greatec will champion in AI automaton and solar energy...they have bright future too...but to boost investors' confidence further...they have to prove that they are capable of replacing their biggest revenue source if they lose their one and only major customer tomorrow...Having said that, I'm confident the management is fully aware of this risk and has plans in place.
Source : copy from Bulldog ( TDM) OTHERS TDM BERHAD ("TDM" OR THE "COMPANY") - SIGNING OF MEDIUM-TERM SUPPLY AGREEMENT FOR THE SUPPLY OF CRUDE PALM OIL / RSPO CERTIFIED CRUDE PALM OIL (CPO/CSPO) BETWEEN TDM PLANTATION SDN BHD AND IKHASAS CPO SDN BHD TDM BERHAD
Type Announcement Subject OTHERS Description TDM BERHAD ("TDM" OR THE "COMPANY") - SIGNING OF MEDIUM-TERM SUPPLY AGREEMENT FOR THE SUPPLY OF CRUDE PALM OIL / RSPO CERTIFIED CRUDE PALM OIL (CPO/CSPO) BETWEEN TDM PLANTATION SDN BHD AND IKHASAS CPO SDN BHD The Board of Directors of TDM Berhad (“TDM” or “the Company”) wishes to announce that TDM Plantation Sdn Bhd, a wholly-owned Subsidiary of the Company had on 8 July 2019 entered into a Medium-Term Supply Agreement (“Agreement”) with Ikhasas CPO Sdn. Bhd for the supply of crude palm oil and/or RSPO certified crude palm oil (“Products”) for a Supply Period of forty three (43) months from the first day of the calendar month following the month when payment of the first tranche of the Upfront Payment is made in accordance with the Agreement .
The details of the announcement are set out in the attachment below.
Bulldog : for you the credit of TDM For the purchase of the Products, an upfront payment with the total sum of Ringgit Malaysia One Hundred and Eighty Nine Million (RM189,000,000.00) (“Upfront Payment”) shall be paid by the Buyer to the Seller in three (3) tranches at the beginning of the Supply Period subject to deduction for the provision of a sinking fund as required under the Agreement. The value with respect to the Products delivered shall be deducted from such upfront payment made to the Seller.
KUALA LUMPUR, July 8 (Bernama) -- TDM Bhd has secured a deal to sell 107,500 metric tonnes (MT) of crude palm oil (CPO) to Ikhasas CPO Sdn Bhd over 43 months.
Its wholly owned subsidiary, TDM Plantation Sdn Bhd, today entered into an agreement with Ikhasas for the supply of 2,500 MT of CPO and/or Roundtable on Sustainable Palm Oil (RSPO)-certified CPO products per month.
"An upfront payment of RM189 million will be paid in three tranches at the beginning of the supply period, subject to deduction for the provision of a sinking fund as required under the agreement.
"The value with respect to the products delivered will be deducted from such upfront payment made to the seller," TDM said in a filing with Bursa Malaysia today.
The transaction would enable the group to partly secure placement of its future CPO and certified CPO as well as improve liquidity through the repayment of a portion of its borrowings that were due in the near term, it added.
@Mabel Ipo UWC first day selling price is higher than GTT. What do you think about this stock, UWC vs GTT? Will you change counter from GTT to UWC? Compare to their biz, which is better to hold?
Thanks for sharing TDM. Yes, TDM is another one of my collection in the Palm Oil Sectors in addition to the other 3 existing companies (Sime Darby Plantation, Sarawak Palm Oil and FGV). It's looking good and I'm very excited about the potential of this company. Let's continue to promote TDM in the TDM Forum together with the TDM Team.
Richard.
Congratulation for all UWC Investors. It's looking good in that counters.
As I said earlier, overall the business is growing. However, it remains highly dependent on 5 key customers for its financial results in the future. In addition at this moment there is an absence of long-term contracts. Pricing to me is on a high side to me when I compare it to my collection of steel companies which is Masteel and Prestar. Time will only tell. Right now UWC is really looking good on the 1st day. 27% increase from 1.10 is really commendable. Let's give UMC sometime to stabilize.
For me I have already two steel related company with another Blue Form offer coming in the pipeline from Prestar i.e. Tashin. It’s going for listing on 1st of August 2019 at 0.58 cents. Hence I said earlier, I will not bid for UMC IPO since I have 3 already. Even Tashin, I'm still contemplating even though I have the Blue Form Offer.
Hope the above information is useful for you decide..
@MingGoon Mabel at Mabel Research House Saw you Mabel, at TDM, pls promote TDM as it is a very good counter Today, lots of volume queue up for TDM
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Primary Industries Minister Teresa Kok is optimistic Malaysia will be able to achieve 100% sustainable palm oil production by January 2020 despite only 36% of oil palm growers attaining the Malaysian Sustainable Palm Oil (MSPO) certification as of May 31.
“We will still push for it; we have another five months. We are working very hard on the ground.
Let's extend our hand to give our support to Teresa to make Malaysia Great Again..
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....
Bursa1575
918 posts
Posted by Bursa1575 > 2019-07-09 10:13 | Report Abuse
Go... Go... Gooooooooo