TDM with 5 hospitals (latest one acquired in Tawau/Sabah) & with 44,380 ha or 109,662 ac of oil palm estates, and with a share price of RM0.25/share, what is keeping me from investing more in TDM Bhd's shares for LT basis.
Mind-bogging that the share price can still hovering around RM0.24 to RM0.25 per share.
KMI Healthcare acquires Tawau Specialist Hospital SABAH MARIAH DOKSIL - SEPTEMBER 30, 2021
Seated from left: Datin Chua Wei Yee (Director of TSH), Datuk Dr Lee Wee Loong (Director of TSH), Dr Rayney Azmi Ali (CEO KMI Healthcare) and Badrol Abu Bakar (Company Secretary of TDM Berhad) at the signing ceremony on Thursday. Also seen are (standing from left) Mazli Zakuan Mohd Noor (Board of Director KMI) and Raja Datuk Idris Raja Kamaruddin (Chairman of KMI Healthcare). KOTA KINABALU (Sept 30): Kumpulan Medic Iman Sdn Bhd (KMI Healthcare), a group healthcare arm of TDM Berhad, through its wholly owned subsidiary, KMI Tawau Medical Centre Sdn Bhd has entered into agreements for the acquisition of operations of Tawau Specialist Hospital (TSH) and sub-lease of its building with Tawau Specialist Hospital Sdn Bhd (TSHSB) for a consideration of RM8 million.
The signing ceremony was held at Mandarin Oriental, Kuala Lumpur on Sept 30 which was live streamed on Facebook.
Upon acquisition, TSH will be renamed as KMI Tawau Medical Centre (KMI Tawau).
This rebranding forms part of a thorough transformation program canvassed by KMI Healthcare for KMI Tawau, which shall be followed by expansion of current capacity to 76 beds via development of a six-storey building to meet the demand for excellent and affordable healthcare services within Tawau and its surrounding areas.
The signed agreements consist of Business Transfer Agreement and Sub-Lease Agreement whereby the parties agree for full transfer of TSH operations and its underlying assets to KMI Healthcare.
Through the Sub-Lease Agreement, KMI Healthcare shall lease the hospital land and building from TSHSB for a gross period of 30 years (15 years and renewable for another 15 years).
Chairman of KMI Healthcare, Raja Dato’ Haji Idris Raja Kamaruddin, in his statement said, “The new building, which is in development now, will be ready by Q1 2024 with an extended Resident Consultant service introduced, such as Orthopedic, Ear, Nose & Throat (ENT), apart from the existing Consultant, Obstetric and Gynaecology (O&G), Paediatrician, Surgeon and Physician.
“Perhaps more subspecialties will be introduced. We invite and welcome more consultants to explore east Sabah,” he said
According to him, there are currently four other hospitals under KMI Healthcare, and they are KMI Kuala Terengganu Medical Centre, previously known as Kuala Terengganu Specialist Hospital, KMI Kuantan Medical Centre, KMI Kelana Jaya Medical Centre and KMI Taman Desa Medical Centre.
“With our strength, we are now able to reach more people and better serve our existing customers in East Malaysia.
“The acquisition is part of the company’s effort in its brownfield development strategy and to diversify its business operations in other parts of Malaysia. We are open to collaborations with industry experts and healthcare vendors who are similarly dedicated to safe and quality healthcare service,” he added.
Mabel today very busy with Mabel Energy Battleships and Super tankers as all of them cruising at full speed. So many missiles to fires....I think one of the missiles hit Mickey Mouse Plantation - MHC - Mickey Horrible Counter ...HiHiHi....
With less than a year left, TDM a long way from its five-year plan targets---The Edge. Looking back what Mohamat Muda said in 2017m now already a laughing stock,hahahahaha
Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables. The rest will be coming from our Plantation Bio Fuel and Malaysia is the 2nd Biggest Exporter of Palm Oil.
Crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday. Our palm oil exports is expected to grow by 39% m-o-m and 0.3% y-o-y in September 2021 to 1.62 million tonnes, likely due to higher exports to India, China and the EU (European Union)
Meanwhile Fossil Energy prices continue to surge to fresh records as renewed fears stoke panic of the worst shortage in decades. India has warned it has only four days of coal reserves left, German power plants are running out of fuel and China just unloaded an Australian coal shipment despite an import ban and icy relations. Supply is just not there as economies rebound from a pandemic-induced lull, while problems like logistical logjams and transport bottlenecks are adding to the pressure.
Bigger picture: OPEC+ didn't come to the rescue yesterday as the group decided to continue its original plan of gradually releasing 400,000 additional barrels of oil per month. That's despite calls from world leaders, including the White House, to bring more crude on to the market and keep a lid on prices.
It's looking good guys from both Frontiers. Mabel Energy Battleships and Supertankers as well as Bio Fuel Plantation are cruising at full speed.
Demand or high palm oil price nothing to do with tdm, with the mediocre management team, their work is sit and waiting for the income. The share price still stagnant dead water.
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 > 2021-09-17 12:45 | Report Abuse
Accumulation in progress
Huat chaiii