TDM: Time to let go of this stock

1. 1Q13 profit down 20%.Yesterday, TDM reported its 1Q2013 net profit which tumbled 20% to RM14.2m against same period last year.
2. Key reason for the drop is due to lower CPO prices of RM2265/mt (down 26% against same period last year).
3. Healthcare division is doing better with but contribution is just too small to counter the lower CPO prices effect.
4. TAKE PROFIT. Given that this stock has jumped so much this year (Year To Date share price jumped 50%), it may be wise to take profit by sell into strength. The increase in share price due to corporate exercise involving bonus issue and share split has been all priced in.