Wednesday, May 19, 2010

TDM Berhad

TDM has just released its 1Q result for the period ended 31.3.10. It shows earnings of 8.89 sen per share. This is an improvement of more than 4 folds over the EPS of 1.90 sen in the corresponding period of the preceding year. The company is well managed. It has plenty of cash in hand and very little borrowings. Its core business comprises oil palm and healthcare which have great potential for growth and profits.
At 1.95 cum-dividend of 13 sen, there is value for money. Buy some for the long term. Your children will love you for that. Buy before 21.5.10 to be eligible for the dividend.
As usual, buy at your own risk.