Highlights:
Shariah Setting
1
TSH (9059) : TSH RESOURCES BERHAD
ILoveDividend
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Joined: Dec 2011
Male, MYS
14 Jan 2012, 11:54 PMPost #1
(吉隆坡13日讯)由于油棕树平均树龄只有7.5年,陈顺风(TSH,9059,主板种植股)因而具备非常好的增长潜力,2012至2013财年盈利料录得1亿4500万至1亿5900万令吉。

肯南嘉投资研究预计,以平均7.5年树龄计算,陈顺风的鲜果串(FFB)产量预计在2012和2013财年内将分别增长32%和20%。

他说:“2010至2012年是油棕树鲜果串产量巅峰期,因此,未来3至5年将是陈顺风的高增长期。未来3年的鲜果串复合年成长率(CAGR)为20%,比我们所观察的种植业者都强,除了大安(TaAnn,5012,主板工业产品股)。”
“陈顺风的长期增长展望非常稳定,因公司有54%的种植园还未成熟,同样超越我们所观察的所有业者,其它业者的未成熟园比重介于11%至38%。”

合理价2.23
此外,分析员补充,陈顺风共有8万5730公顷土地,惟目前只有2万7957公顷或33%种植。

他预测,假设每年有4000至5000公顷地段种植油棕,公司的种植地仍能扩展10至15年。同时,分析员认为,尽管平均原棕油(CPO)价预计走低至每吨3000令吉(比2011年低8%),增长强劲的鲜果串仍有助陈顺风盈利在2012至2013年期间维持8%至10%增长率。

“我们相信,只要原棕油价维持在每吨2850令吉以上,2011财年盈利表现将能延续至2012至2013财年。”
肯南嘉投资研究将陈顺风的合理价定在2.03令吉,并表示,如果根据2013财年的1亿5900万令吉盈利预测,该股估值将提高至2.23令吉。

http://www.nanyang.com.my/node/413869?tid=462
airasia
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Joined: Dec 2011
Male, MYS
11 Mar 2012, 11:23 PMPost #2
TSH - Small but Leaping High

The pace of growth in FFB will be the key determinant factor for earning growth.


The recent Q4 results showed TSH achieved significant 43% YoY increase in FFB production was among the best within the sector.

Thus, 2012 setting FFB harvest forecast with an CAGR 20% increase, riding on:
- new planting approxiamate 4000ha (benchmark to 2009, 2010) on vast unplanted land bank ~ 2/3 of total 99.4ha
- higher contribution from Indonesia (achieved 65% ratio at 2011), estimated 25% increase this year with higher yield.
- approxiamate another 8-10% of young trees entering into prime production age.


Aggressive target set:
FFB production: 480,000MT
Annual Earnings: RM150m (@ average CPO RM3000/MT and net margin 13%)
EPS: 18.2cents (24% increase to 2011)

Note: Upside remain if average CPO sustained above RM3100.
(Local monthly average; Jan - RM3211, Feb - RM3207, Mar MTD - RM3264)
earlybird123
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Joined: Apr 2019
Male, MYS
16 Jul 2019, 11:53 AMPost #3

价位蛮低,买进一些来收藏。。。yeahyeahyeah

Sebie_Kelate
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Posts: 736
Joined: Dec 2016
Male, MYS
07 May 2020, 11:33 PMPost #4

On Wednesday, TSH Resources Bhd (TSH:KLS) closed at 0.735, 31.25% above the 52 week low of 0.56 set on Mar 19, 2020.

Kajian Saham Picisan

IVKLSE
Member Star
Posts: 147
Joined: Aug 2015
Male, MYS
09 May 2020, 09:46 AMPost #5

Top Ten Oil Palm Companies:

  1. SIMEPLT
  2. FGV
  3. BKAWAN
  4. KLK
  5. SOP
  6. BLDPLNT
  7. GENP
  8. UTDPLT
  9. KMLOONG
  10. TSH
IVKLSE
Member Star
Posts: 147
Joined: Aug 2015
Male, MYS
09 May 2020, 09:46 AMPost #6

Top Ten Oil Palm Companies:

  1. SIMEPLT
  2. FGV
  3. BKAWAN
  4. KLK
  5. SOP
  6. BLDPLNT
  7. GENP
  8. UTDPLT
  9. KMLOONG
  10. TSH
Sebie_Kelate
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Posts: 736
Joined: Dec 2016
Male, MYS
05 Oct 2020, 07:22 AMPost #7

On Friday, TSH Resources Bhd (TSH:KLS) closed at 0.935, 66.96% above the 52 week low of 0.56 set on Mar 19, 2020.

Kajian Saham Picisan

1

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry


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