Shares in TDM registered significant gains over the past two weeks as investors picked up the stock leading up to the Kuala Besut by election in Terengannu.
Investors snapped up TDM shares in anticipation of the ruling coalition BN victory in Kuala Besut.
The preservation of the status quo allows the state government to proceed with existing investment initiatives.
TDM’s majority shareholder is Terengganu Inc Sdn Bhd, which is the state government’s investment arm. Terengganu Inc whose chairman is MB Datuk Seri Ahmad Said, holds a 47% stake in the plantation and healthcare company.
It is worth nothing that the shares in TDM, which have gone from a share split exercise, have been in the limelight over the past two months over abnormal trading activities.
TDM has a dividend policy of declaring at least 30% of its earnings as dividends.
The group’s interests lie in twp core segments within and outside Terengganu – plantations and healthcare.
TDM, which derives 77% of its income from the plantations segment, owns two palm mills and manages 32000ha of oil palm plantations in Terengganu.
The group also has made inroads into Indonesia with 8000ha of planted oil palm land. About half of its oil palm trees are at peak yield age, between nine and 18 years with the rest being mainly immature trees.
In the healthcare segment, TDM is gaining a foothold as the leading private healthcare provider in the East Coast. It operates four specialist hospitals with another two under construction.
No comments:
Post a Comment