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.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
No comments:
Post a Comment