Anyone who pass through Kelana Jaya via LDP should notice that there is one community hospital situated at the side of the highway called Kelana Jaya Medical Centre (KJMC). As I am visiting my friend today, I found out that KJMC actually belongs to a Public Listed company called TDM Bhd.
A check on the website of the TDM Bhd shows that the company actually having core business in Plantation and Healthcare. A quick glance through its latest quarterly report reveals that the earning is impressive and a healthy Balance Sheet. Need some time to digest the reports and get more information on this company. Keep in view.
The market is valuing TDM's 37k hectare of plantation land at a ridiculously low RM10,369/hectare. If we subtract out the cash hoard of RM108m net cash, then the plantation land is even cheaper at RM7450/hectare.
ReplyDeleteJust perform a check across companies having less than 50k hectare of planted land and you will find that most are RM20k/hectare - RM35k/hectare.
I think it is a candidate for privatization. Health care and plantation are its main income drivers. Very, very undervalued.
Here's more info abut TDM: TDM Berhad was formed in 1965 and was listed on Bursa Malaysia in 1969. The company is presently listed on the Main Market of Bursa Malaysia.
ReplyDeleteTDM Group's core businesses are in oil palm plantation and healthcare.
The Group's plantation division is involved in the development and management of oil palm plantations and in the processing of crude palm oil and palm kernel. The division currently manages approximately 37,000 hectares of oil palm plantations and owns two palm oil mills in Terengganu. In 2007, the Group ventured into the setting-up of oil palm plantations in Kalimantan, Indonesia.
The Group's healthcare division operates three specialist hospitals, namely the Kelana Jaya Medical Centre in Petaling Jaya, Selangor, Kuantan Medical Centre in Kuantan, Pahang, and Kuala Terengganu Specialist Hospital in Kuala Terengganu, Terengganu.