Tuesday, July 16, 2013

TDM to reduce dependency on plantation sector

TDM to reduce dependency on plantation sector
Business & Markets 2013

Written by Charlotte Chong of theedgemalaysia.com  
Tuesday, 16 July 2013 10:04
KUALA LUMPUR: TDM BHD [] is keen to reduce its dependency on its PLANTATION [] division and enhance its other core division, healthcare.

Its chairman Datuk Roslan Awang Chik said it is planning to cut down the plantation sector revenue contribution to 70% from the existing 85% to 90%.

TDM chief financial officer Amir Mohd Hafiz Mohd Khalid, meanwhile, said the group will continue to drive its brand for both sectors in the face of increasing competition.


For the plantation division, the company will continue to be operationally effective via its efficiency and productivity programmes which aim to reduce cost and improve yield.

TDM aims to grow its oil extraction rate (OER) by 1% in 2013 and upgrade its mill front-end system and oil recovery system.

TDM operates two palm oil mills, which are located in Sungai Tong and Kemaman in Terengganu, with an aggregate annual milling capacity of 600,000 tonnes of fresh fruit bunch (FFB).

The average age of the company's oil palm trees is 17 years, with more than 50% of the trees aged between 11 and 20. Younger trees (four to 10 years) comprise about 9%, while about 24% of the trees are three years old or less. The remaining 16% are 21 years and above.

"The significant percentage of immature trees (24%) translates into good growth in FFB production going forward," Amir told The Edge Financial Daily in an interview.

Consultancy firm iCapital said in a report recently that TDM's first bio-composting plant in Sungai Tong commenced operations last year, converting mill waste into bio-organic fertiliser.

TDM is able to produce 12,000 tonnes of fertiliser at this plant annually to fulfil 40% of its organic fertiliser requirement. TDM will start operating its second bio-composting plant in Kemamam in December 2013, which will add another 24,000 tonnes of fertiliser.

This may lead to the group saving up to RM6 million in fertiliser cost, said iCapital.

Amir said the organic fertiliser produced at the two plants is for the company's internal consumption.

"We do not expect to sell the organic fertiliser externally. Thus, there will not be any direct profit from this exercise."

Meanwhile, the company is positioning itself as “no frills secondary care community hospital" provider, where the emphasis is on patient care and medical procedures, minus the luxuries.

"You pay for good care, not for the luxury and this is without compromising the quality of care," Amir said.

"It also means that the locality of the hospital must be convenient to the community that it is trying to serve."

The group's premier hospital, Kuantan Medical Centre, is expected to open its doors to the public in early 2014. Its Kuala Terengganu Specialist Hospital is expected to be completed in 2016.

These two hospitals will each have five operating theatres and an intensive care unit (ICU) with 12 beds. The group currently owns four community specialist hospitals, including Kelana Jaya Medical Centre and Taman Desa Medical Centre. These medical centres, with 80 to 150 beds each, provide affordable secondary healthcare services.



This article first appeared in The Edge Financial Daily, on July 16, 2013.



Source/Extract/Excerpts/来源/转贴/摘录: http://www.theedgemalaysia.com/
Publish date: 16/07/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock