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Thursday, September 18, 2014

TDM sees ‘rock solid growth’

Source: http://www.nst.com.my/node/34354

TDM Bhd is one of Malaysia’s smaller plantations and healthcare group which is bucking the trend and headed towards “rock solid growth”.

TDM chief executive officer Badrul Hisham Mahari said the company’s businesses are progressing the way the company expects them to, albeit at a slightly slower speed than anticipated.

“Our profit remains good and so is our growth trajectory. I will not describe our business as anything less than rock solid,” Badrul Hisham told Business Times recently.

He said the company, which is owned by the Terengganu state government, is not pressured by the current low crude palm oil (CPO) prices

“Of course we are not affected by low CPO prices. Fluctuations are part of our commodity business. We expect them to be and are ready for them,” Badrul Hisham said.

He said the company has built enough cash reserves and has a growth plan.

“We have also created some kind of differentiation to our product. Currently, we are 100 per cent a RSPO (Roundtable on Sustainable Palm Oil) company.

“This has enabled us to enjoy some small premium on our CPO selling price,” Badrul Hisham said.

To mitigate CPO low price pressures, Ba-drul Hisham said, the company has a plan to increase production, through productivity as well as bigger matured hectares.

TDM owns 44,000ha of oil palm estates and two mills in Terengganu and another 25,000ha in Kalimantan, Indonesia. It also operates four specialist hospitals — Kelana Jaya Medical Centre in Petaling Jaya, Taman Desa Medical Centre off Jalan Kelang Lama, Kuantan Medical Centre in Kuantan and Kuala Terengganu Specialist Hospital in Kuala Terengganu.

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