compared 2018 vs 2020 first 6 months , averagely 2020 is more RM 100 / ton , ie ard 4 % , but compared to 2018 n 2020 monthly output is reduced by 32.3 % .. scary ..
FY15 : revenue = 381 million , profit = 74.3 million
FY16 : revenue = 429 million , profit = 21.5 million
FY17 : revenue = 449 million , profit = 22.7 million
FY18 : revenue = 405 million , Loss = - 76.4 million
FY19 : revenue = 432 million , Loss = -79.6 million
>> FY20 (1Q ended March) : revenue = 107 million, Loss = -8.28 million
compared to FY19 (1Q) : revenue: 104.7 million , Loss = -4.91 million
## Referred to FY19 audited annual report:
Independent Auditors remarks :
>>EMPHASIS OF MATTER We draw your attention to Note 42 to the financial statements where various significant and material misstatements have been adjusted retrospectively in the 2018 financial statements. These errors have affected the financial position, results and the relevant disclosures of the prior years. Our opinion is not modified with respect to this matter.
>> Loans and Borrowings to be Maturity in year 2020 , total = RM 80,632,000
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.
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.
+FortuneBlooming we just keep on marching onward with our own strategy 03/08/2020 11:25 PM
+FortuneBlooming no need to layan any of them jealous envious sore arse sour grape non-stop bittching whining griping whingeing chickenshhit devouring stray mongrels
they cannot make any tree fall no matter how hard they try 03/08/2020 11:28 PM
Meow Fortune... Agreed!
Comparing MHC with TDM is like comparing Mickey Mouse and Florence Nightingale...
One still living in Fantasy while the other one light up the candle just like Mother Theresa..
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
12,157 posts
Posted by bulldog > 2020-08-04 00:08 |
Post removed.Why?