The whole weekend thinking and having high hopes for this counter. BUT the reality today is really a BIG letdown. Sob, sob, sob....

https://www.theedgemarkets.com/article/th-plantations-returns-black-3q-net-profit-rm16m?type=malaysia

https://www.theedgemarkets.com/article/systematization-plans-second-placement-raise-funds-glove-venture?type=malaysia

0.03!!!

Hopeless counter. Itu Dato' planning what? No news, how to move...

For now still got patience, but not for long - potentiallly will become patient of mad stock disease....hehehe.

The announcement is very vague.....

The question is when is the 'ex date' and when will the be the pay out?

From www.tnb.com.my

TNB Weathers Challenging 1H 2020 To Register RM1.4 Billion PAT
28/08/2020
Tenaga Nasional Berhad’s (TNB) group profit after tax (PAT) declined by 46.7 percent to RM1.41 billion in the First Half Financial Year 2020 (1HFY2020) from RM2.65 billion in the corresponding period last year. The lower PAT was largely due to the economic slowdown brought about by the COVID-19 pandemic and the implementation of the Movement Control Order (MCO), as well as volatile foreign exchange.

The Group’s revenue decreased 13.7 percent to RM22.55 billion from RM26.12 billion in the same period last year mainly due to the lower contribution from subsidiaries and Imbalance Cost Pass Through (ICPT) being in a rebate position of RM520 million compared with RM1.79 billion surcharge position in the previous year’s corresponding half.

Electricity sales for the six-month period was impacted by the closure of business premises during the MCO, moderating to 53,535.7 GWh compared with 58,521.1 GWh in the same period last year.

However, electricity demand is showing an uptrend with peak demand recorded at 17,484 MW in June, 17,724 MW in July, and 18,307 MW in August.

“The country is showing positive signs of economic recovery following the reopening of industrial and commercial sectors during the Recovery Movement Control Order (RMCO), which is also reflected by the upturn in electricity demand,” said TNB President and Chief Executive Officer, Datuk Seri Amir Hamzah Azizan. “We expect the positive trend to continue and stabilise in the second half of the year.”

EBITDA margin improved 4.9 percent year-on-year due to a 19.6 percent decrease in operating expenses in the first half of 2020 as the Group adapts to the prevailing operational requirement.

Despite the challenging environment, TNB continues to honor its dividend policy, rewarding shareholders with a RM1.26 billion interim dividend payout which translates to dividend per share of 22.0 sen.

Indeed. Pity to all of us...

Hope for some positives on this counter today....

https://www.theedgemarkets.com/article/salconmmcahmad-zaki-jv-initiates-rm85m-arbitration-proceedings-against-pengurusan-aset-air?type=malaysia

Hope to see some positive movement tomorrow....

https://www.theedgemarkets.com/article/th-plantations-returns-black-helped-stronger-cpo-prices?type=malaysia

@ismail. Been holding for months. Always 1 day show. Boring lah....

https://www.theedgemarkets.com/article/icon-offshore-collaborates-sime-darby-industrial-remote-fleet-vision-technology-pilot?type=malaysia

@su1801/az60.
Only 0.315 sen now.... What is going on?

Any leads for short and long term for this counter?
Asking sifus here for possible directions...

Remiser advised to go in. But the signs are not good....

Volume is too thin. How to fly? Plus haze from Sumatra today. Other counters also generally bad....

@steady31. With that being said, it is not a good time to invest in TADMAX?

Punters should be jumping in, in droves right now...

Can go in now?

PPA not attractive?

Why market seems no reaction to the PPA news?

What is limit up price for today, if limit up?

Also from The Edge.....

KUALA TERENGGANU (Aug 3): Terengganu state-owned company TDM Bhd has completed the purchase of a 70% stake in THP-YT Plantation Sdn Bhd from TH Plantations Bhd on July 31, following the fulfilment of all conditions precedent stipulated in the share purchase agreement.

Chairman Raja Datuk Idris Raja Kamarudin said with THP-YT Plantation officially becoming a TDM subsidiary on Aug 1, TDM had taken over the management and governance of the former's 2,594.5-hectare (ha) Bukit Bidong Estate in Setiu, Terengganu.

“Under our business development plan, TDM is always on the lookout for assets to be developed and which have the potential to give accretive earnings in the fields of healthcare and plantations.

“This acquisition is part of the group’s strategy to increase its average tree age profile and reduce the volatility in its earnings.

“TDM is strategically positioned to weather the challenges in a very demanding market,” he said in a statement.

TDM is paying RM7 million for the shares in THP-YT and has also agreed to the proposed settlement of the RM78.68 million inter-company advances by THP-YT to TH Plantations’ unit THP Suria Mekar Sdn Bhd.

Under the settlement agreement (SA), THP-YT, TDM and THP-YT’s other shareholder, the Terengganu Foundation (holding 30 per cent of THP-YT) will settle part of the advances amounting to RM62 million while the balance will be assigned to THP Suria Mekar for a consideration of RM1.

In a filing with Bursa Malaysia today, TDM said the SA would be completed at a later date and an announcement would be made accordingly.

Of the 2,594.5 ha owned by THP-YT, 2,307 ha have been planted with oil palm.

Hence the acquisition would increase TDM's total cultivated area in Terengganu from 31,346 ha to 33,653 ha, said Raja Idris.

"The oil palm plantation, with an age profile of two to nine years, will enhance the tree age profile of TDM's overall plantated area favourably. This is also part of the plan to increase the plantation area in Terengganu.

"The THP-YT plantation is located near the Sungai Tong refinery. Therefore, this acquisition is expected to optimise the capacity and efficiency of the processing of fresh fruit bunches (FFB) and lower the processing cost at the refinery.

"TDM is confident that the strategic value derived from this acquisition will translate into operational efficiency which will yield long-term profits,” he said.

TDM’s wholly owned subsidiary, TDM Plantation Sdn Bhd, obtained the Roundtable on Sustainable Palm Oil (RSPO) and Malaysian Sustainable Palm Oil (MSPO) certifications in 2013 and was the maiden plantation company in Terengganu to obtain the RSPO accreditation.

Established in 1965, TDM is listed on the Main Board of Bursa Malaysia with core businesses in plantation and healthcare.

Through its plantation division, it manages 16 oil palm estates and three palm oil mills in Terengganu and West Kalimantan, Indonesia.

Meanwhile, its healthcare division under Kumpulan Medic Iman Sdn Bhd manages four specialist hospitals, which offer affordable healthcare services.

The four hospitals are Kelana Jaya Medical Centre in Selangor; Kuantan Medical Centre in Pahang; Kuala Terengganu Specialist Hospital and TDMC Hospital in Kuala Lumpur.

From The Edge....

KUALA LUMPUR (Aug 3): TDM Bhd announced today that the deal to sell two loss-making subsidiaries for US$50 million (about RM210.3 million) to an Indonesian company has fallen through, despite multiple extensions given to the buyer to effect the deal, with the last until July 31.

"After due consideration that the execution deadline had been extended several times since the acceptance by the board of the offer from PT Aragon [Agro Pratama] on Feb 28, 2020, coupled with the uncertainties posed by the global pandemic of Covid-19 that affected PT Aragon in finalising the CSPA, on behalf of the board, RHB Investment Bank wishes to announce that on Aug 3, 2020, the board has decided to withdraw the said acceptance of the offer, which expired on July 31, 2020," TDM said in a stock exchange filing.

"Notwithstanding the above, the management is committed to disposing of the said assets and will continue to identify appropriate buyer(s) and follow up with necessary announcements when there is further development," it added.

Prior to this, the deal's final date had been postponed from March 13 to April 3, April 30 and to May 29.

TDM first announced the offer for its 93.75%-owned PT Rafi Kamajaya Abadi (RKA) and 95%-owned PTA Sawit Rezki Abadi (SRA) on Feb 28.

RKA owns 37,208ha of plantation land in Kabupaten Melawi in West Kalimantan. It also has a palm oil mill with a 60-tonne-per-hour capacity, and four crude palm oil storage facilities with a capacity of 120,000 tonnes. SRA, meanwhile, owns 10,000ha of plantation land.

Both RKA and SRA have been loss-making for the past three financial years ended Dec 31 2016, 2017 and 2018.

TDM shares finished 2.08% or half a sen lower at 23.5 sen today, giving it a market capitalisation of RM404.88 million. It saw 12.18 million shares done.

TP, anyone???

From the EdgeMarkets...

KUALA LUMPUR (July 23): Nexgram Holdings Bhd's subsidiary has partnered with Indonesian firm PT Mitra Abadi Propertindo Utama (MAPU) to distribute personal protection equipment (PPE) in Indonesia.

In a stock exchange filing, the loss-making firm said its wholly-owned Nexgram Biomedic Sdn Bhd (NBSB) has inked a conditional offtake and purchase agreement with MAPU, under which NBSB will sell PPE — including AAMI isolation gowns powder-free nitrile examination gloves — to MAPU that MAPU will promote, market and distribute in Indonesia.

Under the agreement, NBSB will sell two million pieces of the isolation gowns and 500,000 boxes of gloves to MAPU every month, starting from November 2020 until October 2021. There is also an option to extend the deal for another 24 months on mutual agreement of both parties.

Nexgram expects this agreement to contribute positively to its earnings during the tenure of the agreement.

Nexgram's shares closed unchanged at four sen today, giving it a market capitalisation of RM94.35 million, after some 57.38 million shares were traded.

What are the prospects?
Can anybody give some expert advice?
TQ kindly....

This IPO is now available on M2U.