Prevailing CPO Price as of yesterday is RM 3354. Cost of producing is between RM 1500-1800. This will be good for our farmers. So we expect more movements in this counter due to feel good effect on the latest Indian Oil Palm Contract, Bullish FCPO (Jan FCOP has already breaches RM 3,144), current CPO prices plus the feel good effect of 2021 Budget which will be tabled tomorrow.
>>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.
note : Depreciation n amortisation is ( 20,836,000)
#Refer to FY20 QR1 ended March 2020 :
Revenue Profit/ ( Loss)
Plantations 57,120,000 ( 6,502,000)
Healthcare 61,915,000 3,008,000
#FY19 QR4 ended December 2019 :
Revenue Profit/ ( Loss)
Plantations 58,754,000 5,426,000
Healthcare 65,101,000 5,770,000
Note : Profit is reduced and become in Loss , and a lots of court cases , one court case is instructed to deposit RM 1.0 million as to winding up case.
>> note : Depreciation n amortisation is ( 20,836,000), Hospitals equipments n facilities is too Old .. sudden Huge amortisation although each years had done the amortisation .
@calvintaneng Posted by Mikecyc > Nov 6, 2020 11:06 AM | Report Abuse Haha con artist callvin keluar dari tdm plantation .. mesti tak dapat tsngkap ayam hutan .. tak ada rezeki loh ..
HEHEHE!! Squirrel attacks TDM? TDM got defensive hospitals & palm oil Ecrl ongoing will also spur land values in Trengganu HMMM? MICKEY MOUSE KEPT BRINGING UP TDM? MUST BE A GOOD STOCK THEN SEEhttps://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-27... 06/11/2020 11:12 AM
Good one @Calvintaneng , squirrels are a type of rodent similar to a mouse or rat. So the rodents know when a good fruit is going to ripe and will attack it when the time is right. Haha! Good logic. No wonder the dreaded mouse has been incessantly attacking TDM lately coz he can sense that its getting ripe for harvesting oredi. And he knows it is a good fruit since it also contain healthcare components in it.
>>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.
Price had been hovering at 18 sen for a long time .., when cpo rm1800-rn2000/ton Market priced in 43sen when cpo 3200/ton last December. Covid hit cpo price back to rm2000/ton and market price back to 18 sen .. Cpo price rebound back to rm2300/Ton.,, market price 20sen Now cpo back to rm3200/Ton ..., market still waiting to go back to 43sen
@Mikecyc Technical Outlook: With the uptrend formation recently established, TDM has experienced a flag formation breakout above RM0.26. We reckon that the upbeat share price movement that was accompanied by rising volumes may spur price towards RM0.29-RM0.315, with long term target at RM0.34. Support is pegged at around RM0.25 level, while cut loss point is located at RM0.245.
Thanks Mickey for your positive posting, however the upward price range target should be around 0.40-0.45 based on the historical price movement in relation to CPO price as described by @Tanhboon : CPO RM 1800-2000/ton - 18c CPO RM 2300-2500/ton - 22-30c CPO >RM 3200/ton - 43c (last December) and + healthcare component = 55c
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....
CoolBull
3,675 posts
Posted by CoolBull > 2020-11-05 22:09 | Report Abuse
I give you TP 50, then what