TADMAX (fundamental: 2/3, valuation: 0.9/3) jumped 9.4% in active trade to end the trading session at 35 sen yesterday. Originally a Sarawak-based timber concessionaire, it has diversified into property development, construction, industrial supplies and oil palm development.
Tadmax was loss-making in the past five years and had a high net gearing ratio of 110% as at end-December 2014. However, it posted a net profit of RM71.6 million in its second quarter ended June 30, 2015 (2QFY15) after it disposed of 310 acres of land in Pulau Indah, Klang, to a subsidiary of 1Malaysia Development Bhd for RM294.4 million.
With the bulk of proceeds used to repay bank borrowings, Tadmax has successfully de-geared and is now focusing on its property development project in Labuan. For its 3QFY15, it reported a net loss of RM2.8 million due to site progress of the development works being hampered by the frequent rainfall.
Tadmax is currently in the process of disposing 60 acres of land in Pulau Indah for RM48.4 million.
company that makes profit from selling govt land that was given "almost" free.... syabas, btw its loss making not for past 5 years.... but past 10 years
domperrier i told hng33 to keep some but he told me that he know what to do. Look like he is an expert. i believe by now he had already accumulate a lot .
Tadmax Resources Bhd forms bullish "Bottom Triangle" chart pattern Mar 02, 2016
Recognia has detected a "Bottom Triangle" chart pattern formed on Tadmax Resources Bhd (TADMAX:MYX). This bullish signal indicates that the stock price may rise from the close of 0.34 to the range of 0.40 - 0.42. The pattern formed over 21 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
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....
nickyeo55
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Posted by nickyeo55 > 2015-11-09 19:57 | Report Abuse
HAHA BN any thing so important about brokerage service ? Which security offer the best fee ?