Dissecting TDM Bhd

Earnings

TDM Bhd net profit still largely depended on Plantation Division which mean their earnings still depended much on the Crude Palm Oil (CPO) price and Fresh Fruit Bunch (FFB) production. Please do not mistaken the FFB with CPO though. I will post some palm oil information in my next post.

Shareholders

                                                Source: TDM AR2008

As you can see from the list above, almost 70% of the share been tightly held by the state government ,thus, explaining the low daily volume of this share.

For all the readers, this is not a buy or sell call. Please exercise your own judgment or seek advise from your investment adviser.
I shall not be held liable if your share become like this...

or like this

                                       
Enjoy your weekend! :)

TDM Bhd - Dividends Don't Lie?

TDM Bhd (Current Price RM1.85) which involve in Plantation and Healthcare business declared a final dividends of 4 sen per ordinary share less 25% and 9 sen per ordinary share tax-exempted which still subject to Board approvals.
Just for information, TDM have a dividend policy statement of paying out at least 30% of its consolidated annual net profit which was approved on 12th April 2009. (you can refer to TDM website).
I am firm believer of Dividends Don’t Lie, but it should not be the only yardstick of stock selection. Understanding the business, balance sheet and their earnings should remain the main priority.

Some comments on this company by the readers for reference.

Healthcare business

Source: Data from KPJ AR2008

 Source: Data from TDM website and Q409 report

Source: TDM Q409 report

Not for comparison between both companies but to show the increase percentage of number of patients year-on-year.

I would like to add in the chart of healthcare cost in Malaysia but not able to locate it thus far. Please email to me if you have any for me to upload it.

KJMC and TDM Bhd

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.