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TSH (9059) : TSH RESOURCES BERHAD
ILoveDividend
Member StarMember Star
Posts: 521
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
Member Star
Posts: 46
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
Member Star
Posts: 7
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
Member StarMember Star
Posts: 746
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: 172
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: 172
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
Member StarMember Star
Posts: 746
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

i4value
Member StarMember Star
Posts: 528
Joined: Aug 2020
Male, MYS
28 Jan 2024, 08:10 AMPost #8

The ROE of TSH, a Bursa Malaysia plantation company had under performed my reference plantation company – KLK, for many years. But over the past few year TSH’s ROE have been improving. In fact in 2022 it did better than KLK and its 2023 ROE is probably going to match that of KLK.

Is this then a company with improving fundamentals? The plantation sector is cyclical and you have to look at its performance over the cycle for any meaningful conclusion

 

But from the short term perspective there may be a trading opportunity as the market have yet to price in its improved performance.

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

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