Posted by ronaldo96 > 2014-02-21 11:06 | Report Abuse

Ahairytrader, what is the TP for you?

Posted by nagachan > 2014-02-21 11:36 | Report Abuse

if can close green, afternoon session shooting up. Hopefully!!!

Posted by CityTrader > 2014-02-21 11:38 | Report Abuse

Contra n those fear punters almost wiped off n our show is coming.

Posted by Ahairytrader > 2014-02-21 11:38 | Report Abuse

Without taking into account the future disposal or other corporate exercises relating to the Indonesian land, I arrive at my short term TP of RM0.85 (approx 8% discount from NA of 0.93 after disposal of Klang land to 1MDB)

But longer term, market should price in the possible land disposal or any corporate exercise at some sort for its land in Indonesia. Mid-long term TP = approx RM1.50

Cheers, just my 2 cents

Posted by FX Lee > 2014-02-21 11:40 | Report Abuse

now already 59.5 cent

Posted by FX Lee > 2014-02-21 11:41 | Report Abuse

lolz 61 cent d

Posted by Johnson Lam > 2014-02-21 11:42 | Report Abuse

Crg to just now who was buy in low price...

Posted by Candlestick > 2014-02-21 11:42 | Report Abuse

Rebound mali, congrats those collected at low earlier

Posted by FX Lee > 2014-02-21 11:43 | Report Abuse

intraday V shape curve !!!!!!!!!!!!!! today !!!!!!!!

Posted by CityTrader > 2014-02-21 11:45 | Report Abuse

Res 65 tough to break but once it breaks, kikiki,

Posted by Jjtrader > 2014-02-21 11:45 | Report Abuse

Just jump in at 58.5 . Tadmax now is a cash rich company.

Posted by FX Lee > 2014-02-21 11:47 | Report Abuse

Agree with Ahairytrader

"Without taking into account the future disposal or other corporate exercises relating to the Indonesian land, I arrive at my short term TP of RM0.85 (approx 8% discount from NA of 0.93 after disposal of Klang land to 1MDB)

But longer term, market should price in the possible land disposal or any corporate exercise at some sort for its land in Indonesia. Mid-long term TP = approx RM1.50 "

Posted by rmkfac100812 > 2014-02-21 11:49 | Report Abuse

Tq KyTan & Mr Jupiter & Others..

Posted by FX Lee > 2014-02-21 11:50 | Report Abuse

goreng down again...

Posted by Johnson Lam > 2014-02-21 11:51 | Report Abuse

Ya, down again

Posted by FX Lee > 2014-02-21 12:04 | Report Abuse

seems like got a support at 60 cent

Posted by Mr. Jupiter > 2014-02-21 12:08 | Report Abuse

it's like watching WWE Bull vs Bear on my screen...& end of the day Bull will capture the *FLAG* Good Luck everyone

Posted by FX Lee > 2014-02-21 12:22 | Report Abuse

resistance 61.5c, 62c, 62.5 c

Posted by nagachan > 2014-02-21 12:23 | Report Abuse

after clearing morning contra players, afternoon will be good.

Posted by nagachan > 2014-02-21 12:28 | Report Abuse

anyone bought this morning around 56sen would have made lots of lunch money

Posted by nagachan > 2014-02-21 12:29 | Report Abuse

good recovery. afternoon session sure good

Posted by Mr. Jupiter > 2014-02-21 12:31 | Report Abuse

support/resistance 56 - 63 - 70....... 63 is Key resistance here once broken heading to 70 cents... with afternoon comers backing 63 will be broken!!

Posted by Mr. Jupiter > 2014-02-21 12:36 | Report Abuse

good paper gain but i want to see that that that 80 CENTS!!!

Posted by FX Lee > 2014-02-21 12:52 | Report Abuse

see how it goes afternoon

Posted by Candlestick > 2014-02-21 13:03 | Report Abuse

Retailer started to realize the actual value, 0.7 mali mali

Posted by FX Lee > 2014-02-21 13:03 | Report Abuse

anyone enter this morning? untung lo

Posted by FX Lee > 2014-02-21 13:18 | Report Abuse

（吉隆坡20日讯）达玛斯资源（TADMAX，4022，主板工业股）將以3亿1733万令吉，脱售其子公司达玛斯电力私人有限公司所有股权，予1马发展机构的子公司。

达玛斯电力是一家从事產业发展业务的公司。

根据截至2012年12月31日止的经审核財务报告，达玛斯电力拥有2亿9191万令吉的净资產，截至目前的未审核净资產至大约是1亿3839万令吉，主要是一项位於雪州英达岛的土地。

买方是Ivory Merge私人有限公司，是1马发展房地產私人有限公司的独资子公司。

该公司表示，这项脱售土地的行动是要改善公司的財务状况。

完成脱售之后，公司负债率將显著的改善，並將对未来的现金状况有正面的贡献。

该公司今日午盘开始暂停交易，以作出这项宣布，並將会在明日恢复交易。

该公司今日早盘已经大幅走高，股价早盘结束时达到0.64令吉的52週新高，上涨11.5仙或21.9%，是週四涨幅第16大的股项。

成交量也达到3478万股。

Posted by Mr. Jupiter > 2014-02-21 13:27 | Report Abuse

meena fb pannunge add....

Posted by Jjtrader > 2014-02-21 13:29 | Report Abuse

Disposed Tadmax at 0.615. Thks bye bye Tadmax. See you next time.

Posted by Johnson Lam > 2014-02-21 13:35 | Report Abuse

Later will keep drop....

Posted by kukuman > 2014-02-21 13:40 | Report Abuse

You should feel sick after you read today Star newspaper about who is behind the Tadmax company. Will it be another case like what happened to PKFZ is in the offing? Offloading an unwanted lands to government at attractive price. A land where no one wants it if you sell at market value. But 1MDB wants it.

Posted by valuemaster > 2014-02-21 14:22 | Report Abuse

Ahairytrader, according to 2012 annual report, the land tenure is only 35 years, why is this so?

Posted by 1Bull > 2014-02-21 15:11 | Report Abuse

big BLOCK on 63c

Posted by FX Lee > 2014-02-21 15:32 | Report Abuse

60 cent, again....

Posted by SungaiPetani > 2014-02-21 15:37 | Report Abuse

similar V-shape to dsonic

Posted by FX Lee > 2014-02-21 16:12 | Report Abuse

stagnant there at 60 and 60.5 cent

Posted by FX Lee > 2014-02-21 16:20 | Report Abuse

Breaks support 60 cent

Posted by Superman88 > 2014-02-21 17:24 | Report Abuse

sudah jatuh balik support 60c. FX Lee, lu masih pegang?

Posted by FX Lee > 2014-02-21 17:42 | Report Abuse

maish pegang.. haha..you pun ada ke?

Posted by Superman88 > 2014-02-21 17:44 | Report Abuse

tangan ichy beli pagi tadi 64c..belum jual..kecewa jatuh balik lagi

Posted by FX Lee > 2014-02-21 18:09 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=4022

Posted by rooney2u > 2014-02-21 18:13 | Report Abuse

Lee, what about this..I am not understand

Posted by Ahairytrader > 2014-02-21 18:48 | Report Abuse

Thank you for pointing out valuemaster...

That was one of the reason why i wasn't sure for the Indonesia land whether will it be an outright disposal or other sort of corporate exercise.

Having done further research into it, this is my interpretation now:

It seems like the land is owned by Indonesian government and not TADMAX. However, TADMAX's two 90% owned subsidiary (which they acquired in 2011), holds the concession rights to undertake timber logging and oil palm plantation for 35 years for their 40,000 ha of land each (upon issuance of approval).

Based on the independent valuation report submitted to Bursa at the time of acquiring the two subsidiaries back in October 2011, the estimated income receivable from extractable timber on the said land
was RM872.7 million per year for 6 years.

Assuming income from oil palm plantation only come in from year 10 onwards and peak at year 16, a quick calculation on my side give it a valuation of at least RM1.5 billion (using conservative numbers). To put things into perspective, 80,000 ha is almost equivalent to the combined planted area of IJM Plantations Berhad and Sarawak Plantation Berhad. Due to their 90% shareholdings and potential JV of some sort with experienced oil palm companies, 50% of the RM1.5 billion already give it a price tag of RM750 million, which is equivalent to approx RM2/share.

Of course that is assuming that TADMAX obtains all the approvals in a timely and orderly manner.

Posted by 1Bull > 2014-02-21 21:51 | Report Abuse

No any research to give tp?

Posted by leslieroycarter > 2014-02-22 09:45 | Report Abuse

50:50 chance but looks bearish coz co losing money at 2.33 cts per share from the quarterly report . The possibility of moving sideways and going south further is great . that was the reason why it was traded down in the closing hours....

Posted by FX Lee > 2014-02-23 19:20 | Report Abuse

We refer to the article in the New Straits Times dated 6 February 2014 entitled “ Tadmax in RM1b land sale talks? ”.



The Company wishes to state that it is in very preliminary discussions with various parties, including Felda Global Ventures Bhd, with regards to its holdings in Indonesia. No definitive terms have been discussed with any party to date and discussions have been generally exploratory. The Company also further wishes to state that it has not appointed any Investment Banker for the purpose. As such the Company wishes to inform that there is no basis for the contents of the aforesaid article.



This means there still discussion with FGV regarding the Indonesia land deal. there will still be news coming soon

Posted by CityTrader > 2014-02-23 20:17 | Report Abuse

Based on ta, there will b another uptrend so now im looking closely the support n where is the bottom price or how long will it trade like crabs. Maybe not long as there is stil shortage of one upleg before it goes in sleeping mode. My 2s only.

Posted by Eskay > 2014-02-24 08:40 | Report Abuse

There is a piece of very good news in Business Times today ..... After reading it, I believed this counter still has plenty of potential to move up as they intend to also sell the irian jaya land and focus in malaysia? The new owner also wants to strengthen their shareholding in this counter.

Posted by xbotzz > 2014-02-24 08:59 | Report Abuse

http://www.nst.com.my/business/nation/tadmax-to-hive-off-assets-in-indonesia-1.491601

Posted by SANG-JERO > 2014-02-24 10:19 | Report Abuse

this counter looks bullish....