Forget about the Indonesia land, I believe all provision has been made. Focus on its Malaysia Plantation and Hospital Business. Next quarter PAT should not be lower than RM50mil (based on current CPO price)
with current CPO price, share TP should easily RM0.35, foundation is there. Palm Oil and Healthcare. Good combo just need good management to ride the momentum.
Q4 2021 Operational Profit is 45m which translate to 2.61 cents per share. The Forward PE is now only 2.8 and since Kalimantan Land is now allocated provision losses. Means, future results only account from Msia Plantations and 4 Hospitals. Expecting PAT will jump to at least 60m base on Jan and Feb CPO price around 6000+
Market is concerned about the civil suit brought by the Govt again the Indonesian subsidiary.
The Board of Directors of TDM wishes to announce that TDM Berhad has been informed by its Indonesian subsidiary, PT. Rafi Kamajaya Abadi (“PTRKA”) that it has been served with a summon together with a statement of claim dated 27 December 2021 by the Ministry of Environment and Forestry of Indonesia.
1. The Ministry of Environment and Forestry of Indonesia as the Plaintiff is claiming against PTRKA as the Defendant for the alleged action against the law committed by PTRKA in the fire incident case occurred in 2019. The total damages claimed is IDR270,807,710.959 (approximately RM79,381,562.00), the details are as tabulated below:
2. The Plaintiff is also claiming a total compensation of IDR731,036,640.00 (approximately RM214,287,963.00) against the Defendant in order to make good an area of 2560 hectares affected by the fire incident..
The Company is analysing its potential financial and operational impact against PTRKA, the Company and the Group.
As at the date of this Announcement, there is no material impact on the operation of PTRKA and the Company’s current financial year. However, the Company is consulting with its auditor on any potential impairment to be made.
PTRKA has appointed its Indonesian legal counsel to advise and represent them in Court. As advised by the legal counsel, the Company are confident that there are grounds of defending and dismissing the said claims.
The matter has been fixed for the first hearing on 10 January 2022 at the Court of Sintang, Kalimantan Barat, Indonesia.
The Board of Directors of TDM Berhad wishes to announce that on the court hearing of the case at Pengadilan Negeri Sintang, Kalimantan Barat, Indonesia on 31 January 2022, the panel of the judges has directed the parties on the following:
1. PTRKA to file its statement of defence and counter claim on 14 February 2022;
2. The Plaintiff to file its reply to defence and counter claim on 21 February 2022; and
3. PTRKA to file its reply to the Plaintiff's reply to defence and counter claim on 1 March 2022.
Wait for uncle's next posting on this. He may turnaround and said he was misinformed, and TDM is not as undervalued as he thought. He'll be selling off and no longer interested in it. Sounds familiar? Lol
China just said, like Putin said days ago, no interference by outsiders...the war there the Nato better not to send any army/personnel in, the magnitude of the invasion is too much for the Nato to digest.
In the war, it is not unusual for the winning side to even suffered for the casualties...western media/journalists may got shot also if traveled into the war zone, then put the blame on Russia.
Russia is disciplining Ukraine...like fighting between the family/neighbours. No outsiders please, Russia is not bombing Nato members. But if Nato members are supplying arms/ammo to Ukraine...likely it may lead to nuclear war
This Pompeo in Taiwan, if there is anymore of 1 more gram of self-respect or ashamed of himself...
Why so many u-turns on your stocks promotion n such a fast one that one had hardly warm up to the investment before u ask people to sell. KYY, u had lost all your credibility. U now are no more trustworthy n accurate in your judgement. How many times can we trust u and let down. Is your stock promotion a scam? So that u can quickly sell off your shareholding? If not what?
Please la! Don't continue to post your comments of stocks so that other unsuspecting investors will not got trapped. U keep your inaccurate info to yourself once n for all.
Still remember uncle comment on TDM a very undervalued plantation counter but why suddenly becomea stock to avoid buying in a matter of few weeks from the posting??? This showed how accurate is KYY in his judgement
Although the disposal price of RM115mil seem very unfair compare to the initial cost of investment, but from business view this is the only for the group to move on.
If TDM continue involved in Indonesia and there are so many lawsuit need to face with the Indonesia Government, TDM will never able to move on.
It is better to cut everything, loss also never mind, since the share price have reflected all the losses d.
Now just need to focus to increase Malaysia plantation profit, increase the hospital profit, and separately listed the hospital business.
I am not greedy, just market cap 500mil for hospital, and market cap 500mil for plantation will do.
Maybe not Bonus, should be dividend. Remember TDM's dividend policy is 30-35% from Operational profit. Q4 2021 TDM operation profit after tax is 45m. Maybe dividend will still declare for 2021
Palm Oil Inventories in the world’s second-largest producer, Malaysia are forecast to 1.53 million tonnes, rising for the first time in five months. Exports are seen rising 6.3% to 1.17 million tonnes, in line with estimates from cargo surveyors showing a rise in shipments to top buyers India and China.
Exports rose at the back of strong demand for palm olein particularly in the Middle East and countries with large Muslim populations to meet rising demand ahead of the Ramadan fasting month. Countries like Egypt, Iran and Saudi Arabia which typically rely on sunflower oil had to switch to buying palm to meet the strong seasonal demand. Shipments of palm oil to the region will remain strong in April.
Global supply of sunflower oil has taken a hit after Russia’s invasion of Ukraine damaged port infrastructure and disrupted supply of the edible oil from the key Black Sea region, forcing buyers to seek alternatives. In April, a sustained rise in production aided by favourable weather outlook will keep prices under pressure, but the behaviour in crude oil prices will keep palm prices in check
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....
Albukhary
3,044 posts
Posted by Albukhary > 2022-03-01 21:32 | Report Abuse
Dont worry, TDM will catch up.
Forget about the Indonesia land, I believe all provision has been made.
Focus on its Malaysia Plantation and Hospital Business.
Next quarter PAT should not be lower than RM50mil (based on current CPO price)