Its chairman, Kelvin Tan Aik Pen, said the secondary listing on SGX will “facilitate a new phase of development” for the company.

“While continuing to grow our plantation portfolio, we will also be open to businesses on solar energy and decarbonisation for our 100,000 ha of sustainable forestry asset,” he said.

https://my.linkedin.com/jobs/view/senior-solar-project-manager-at-tsh-resources-berhad-3779315909

United Plantations Berhad is a plantation group in Malaysia with a total cultivated land bank
of approximately 63,000 hectares.

United Plantations has successfully acquired Pinehill Plantations Estates in Malaysia, which is an agricultural land area of 3,642 Hectares including subject properties, from Pinehill Group for a sum of RM413.57 million (RM46,000/Ha) in 2019.

In 2019, 3642 Ha land bought at= 415 million
United Plantation, 63K ha land bank
Market Cap = 7.8 billion

TSH 120000 Ha Landbank= 1.2 billion
Mean plenty of land and growth for TSH.

Klk original plan is to buy 97 ha of bplant at 3.5 billion.
Tsh 120 k ha only at 1.5 billion.

If u got 1.5 billion u can buy 120k ha land at tsh.
120k ha palm oil land that is worth billions.
So cheap. 1.5 billion can buy rich land mass bigger than singapore.

No wonder so many plantation company ended up privatise.
So cheap , the market valuation is so priced in and distorted.
No wonder Bplant ended up privatized so cheap.

TSH Resources Berhad is a company that primarily earns from its plantations. Over the years, TSH has increased its plantation footprint and activity with a healthy expansion of its land bank and planted areas across East Malaysia, as well as in Sumatera and Kalimantan, Indonesia.

As of June 2021, TSH Resources has a total land bank of 132,000 hectares in both Indonesia and Malaysia .

TSH Resources Bhd announced the sale Oil palm plantation measuring 13,214 hectares of land together with uncertified land adjoning the plantation measuring 683.36 hectares in North Kalimantan for RM731.09 million.

13, 214 hectare = 731 million

132,000 hectre = 7.31 billion

7.31 billion / 1.381billion share

5.30 per share @2021

2024 after deduct land sales at kalimantan = 4.80 per share
NTA now is only 1.48
The true net asset value of TSH is more than RM5.
Not including other assets.
If 13000 hectare is valued at 730 million in 2021
why 120000 hectare at 2024 is valued only at 1.3 billion market caps (not considering other valuable assets like cash )?
Everything is priced in ?
You mean the attap house (10 x smaller n land size ) next to your bungalow is worth 100k and yours worth only 200k?

Thats why klk buy over was rejected because its too cheap.
They wont let klk buy over at so cheap price.
If klk were to offer 6 to 8 billion they sure sell.
3.5 billion they rather eat it up themselves.

So u think Ltat or klk is wise to take private bplant at 3.5 billion?

Tsh sold 680 million land parcel comprises about 10% of total landbank.
That is non productive land.if it is productive land price will even be higher.
That price is 2 to 3 yrs ago price not current inflationary environment.
10 x 680 million is 6.8billion .

Base on current inflationary land price environment.
All tsh land is worth 6 to 8 billion at least.
So u think 3.5 billion enough to make boss sell his stake?

If its not revealed to public.How can it be priced in?
If its not public aware means its grossly undervalued by market.

If tsh were to sell all their plantation land at current market land price.
It will fetch them 6 to 8 billion . Period.
If u can fork out 3.5 billion u cant even buy over tsh coz the boss wont sell.

Bplant profit and operation is terrible and far far worse than TSH
Yet it can sell at 3.6 billion market cap almost 3 x of TSH.
KLK and LTAT doesnt think its expensive.

Just benchmark similar plantation company with Bplant you know roughly what the sellable value is.
Dun just value it by using operation profit.
Your property can't rent out temporarily doesnt mean it shld sell at 50% discount.

Utility downtrend for 5 yrs broke out and uptrend for 1 year in 2023. It had been bullish for 1 year and its coming to its end soon probably.
Plantation downtrend for 9 years, broken out downtrend in 2022 feb and finish correction in 2023 resume reversal in 2024.

Plantation downtrend is already over in monthly chart in 2022.
2023 is pull back and consolidating to resume uptrend reversal in 2024.

If KLCI is marching to 1700. They cannot do without plantation as it is one of the heavy weight sector.
It is still very undervalued.


EPF had dumped a lot of Planation stock in 2022 for several pay out in last 2 years.
PM already directed local fund need to concentrate more on local market.
Time for them to buy back what they sold off.

Everyday pass by Tsh and plantation index is nearer to Monthly Bolliger Band SQUEEZE breakout.
This is a Monthly BB squeeze break out.
Worth to take note.

A Monthly Bollinger Band Squeeze Break out is coming for TSH and plantation index within one or two mth.
Are u ready?

The ONLY glove related counter that make a continuous accumulated profit of

105 million for 13 consecutive qtrs even after covid. Beating all glove counters.

still valuing at 150 million market caps now.
Crazy super undervalued.

It will break if people can see the potential in Esceram.
Moreover profit over 65 mill for past 8 qtrs still valued at 150 milllion.
Think its a bit crazy .

K+ 180 million vol VS Esceram 18 mil vol.
Esceram still Super undervalued

K+ loss 250 mill over past 8 Qtrs basically wiped out all Super profit earn thru Covid from 2020
Valuation at 270 million.

Esceram earned 65 mill past 8 qtrs only valued at 150 mil

Expecting K+ volume to swim to Esceram

Another prophecy came true....

Stock: [TSH]: TSH RESOURCES BHD

1 month ago | Report Abuse

Most likely us will want war, and commodity will fly high to make import inflation into china.There is no point to keep commodity cheap for china anymore.
If us fails in tech, they will want capitalise on commdoity price as she is a commodity rich country.
Inflation is really not their real concern.

Ready Get set Go..are u ready to break 40 sen decisively soon

Everyone think bplant at 1.55 is overpriced.
Because all pyscho by the investment fund.
Infact all plantation counter after correction of 9 years already at rock bottom cheap price.

All psycho by fund house that Tech is cheap and is future and Tech index is already at 9 years bull tail end.

To LTAT share price is more important.
Profit is not.

I am not surprise it might end up higher than 1.55 eventually.
Since everyone so bearish.

If i am LTAT i will buy as much as possible below 1.55 and then keep it listed .
Then it will stay above 1.55 until their truthful price.
By that time It will then reflect how cheap other plantation counter is.

All these palm oil land are very valuable now.
You can do many types of crops and agriculture.
Can even build solar farm.
All palm oil company can go into solar farming if they want.
They got the most resources to do so.

Who say palm oil company can only do palm oil.
If Gomen wants they can convert all the BPlant land into solar farming.

Generally all plantation counters are too cheap if counting in their land value.

Know why Gomen stop this offer?
Because 1.55 is too cheap.
If KLK offer rm3.00 or 4.00 , you think gomen will stop.
Gomen think if 1.55 so cheap i can buy up myself why sell to KLK.

Ready Get set Go.
Mthly up trend resume.

Look at plantation yearly chart. 2024 is the reversal year for this sector after 9 years correction.
Already implies a lot of push by gomen coming soon.

LTAT Y reject and offer to take over bjplant.
Because they now know the 1.55 buy by klk is too cheap.
Gomen gonna abolish or cut windfall tax.
Gonna give replanting allowance.
Gonna raise biofuel to industrial sector, and eventually to b20 by 2025.
A lot of push to palm oil and agriculture coming.
Why sell now to klk when gomen gonna help push palm oil sector.

Now u know why tsh price always fall back to rm1 over the year.
To prepare for sgx listing

Why sell here at 1.01.

Sgx is trading at rm1.07 now

Improve our production and operational efficiencies
We have continually made efforts to mechanise, automate and refine the operations at our oil palm
plantations to improve production and operational efficiencies. For example, we have adopted the
mechanised grabber solution at our oil palm plantation estates for efficient loading of FFB into the
evacuation transport system. The mechanised grabber has automated gripping and release
mechanisms to enable precise and secure handling of FFB, which reduces damage and losses during
loading. In addition, it reduces labour dependency and decreases loading time, thus resulting in faster
turnaround and improved operational efficiency. We are also using battery-powered wheelbarrows for
FFB evacuation at some of our oil palm plantation estates. The battery-powered wheelbarrows enable
faster evacuation of FFB by reducing the physical effort required, allowing operators to transport larger
quantities of FFB more efficiently. By reducing the manual effort required to push heavy loads, the use
of battery-powered wheelbarrows also minimises the risk of strain-related injuries for our workers.
Another example of mechanised activity is the use of tractor-mounted sprayers for mechanised
spraying instead of manual application. Similarly, we continue to look at ways to enhance the efficiency
of our palm oil milling activities. In this regard, we have employed the high speed separator machine to
minimise oil losses during the oil recovery process, which ultimately improves the extraction rate of
CPO.
Another piece of technology which we have employed to enhance the productivity of our oil palm
plantation estate activities is the use of drones. We have used drones for, amongst others,
infrastructure mapping, counting of oil palm trees and the identification of potential flood-prone areas.
The potential uses of drone technology are extensive, and we intend to maximise the use of drone
technology to further enhance the effectiveness and efficiency of our oil palm plantation operations.
We believe continuous improvements in our operational processes will drive productivity and improve
efficiency, ultimately leading to a reduction in unit costs of production. Accordingly, process
improvement through mechanisation and technology adoption are increasingly applied across our oil
palm plantation operations. In addition, information systems for performance monitoring and reporting
will continue to be upgraded to facilitate faster and more informed decision-making. In this regard, we
will continue to invest in digitalisation and data encryption to minimise paperwork and ensure the
integrity of our data for operational monitoring, reporting and decision-making.
Beyond investments into new technologies, machines and other implements, we recognise that it is
also critical to have a systematic management approach to achieve the desired results of efficiency. As
such, we will continue to provide training and continual reinforcement to our managers based on our
management approach

We have land bank with new planting potential, supported by a strong balance sheet with low
gearing which enables us to support development and expansion
As at 31 December 2022, we have an estimated land bank of approximately 76,400 Ha in Malaysia
and Indonesia. As our planted area covers only approximately 51.1% of the estimated land bank as at
31 December 2022, we are well-positioned to increase our planted area in the coming years.

In any case, we believe that we can
increase our cultivated oil palm plantation land by another 7,000 to 10,000 Ha over the next few years.
In this regard, we intend to undertake new planting at a steady pace of approximately 1,000 to 2,000
Ha per year. We will also seek opportunities to increase the size of our land bank and planted area
through selective acquisitions, particularly in Indonesia.
Furthermore, we have significantly reduced our total borrowings from approximately RM1.31 billion in
FY2020 to approximately RM0.56 billion in FY2022, and increased our shareholders’ equity from
approximately RM1.45 billion in FY2020 to approximately RM1.90 billion in FY2022. As such, we now
have a strong balance sheet with a low gearing ratio, with greater financial capacity to pursue new
developments and expansion opportunities. Accordingly, we believe that we will be able to leverage
our strong balance sheet position and low gearing ratio to invest in, expand and further strengthen our
business, which may include undertaking any strategic opportunities to acquire land bank and investing
in the latest available technologies to raise productivity at our oil palm plantations and palm oil mills.

OUR BUSINESS STRATEGIES AND FUTURE PLANS
Expansion of our oil palm plantation assets
We employ a strategy of constantly evaluating our portfolio of assets and investments and where
appropriate, to unlock and realise the value of our assets and investments for the benefit of our
Shareholders. For instance, our Group had disposed of two oil palm plantation estates and a palm oil
mill in Sabah, Malaysia in FY2022. Our Group had also entered into an agreement for the disposal of
land located in Kalimantan, Indonesia, such disposal having been partially completed, with the
22
proposed disposal of the remaining balance of the land expected to be completed in the first half of
FY2024.

We also have plans to undertake IFM activities at our forest management unit in Sabah, Malaysia. IFM
refers to forest management activities aimed at increasing carbon stock within forests and/or reducing
23
greenhouse gas emissions from forestry activities when compared to a project baseline. We plan to
enrol our proposed IFM project under a carbon registry and have it validated for carbon credits, which
will help to reduce our carbon footprint.

Simple logic is .
Which company want to spend so much time and money go dual listing and see price crash...

Dont you see all the ipo in bursa fly like nobody ignore all fundamental

Seems like the introduction price is rm1.00 or 30 cent sing.
Good things will be left for the correct timing.

Now we got 4 malaysia company dual listing in sgx.
Ihh
Msc
Topglove
Tsh

All perform very well over long term.
Tg listed 52 sen even now after big crash still maintain at 80 sen.
So no dual listed stock ever trade below introduction price and if there is not for long.
All very much above listed price.

https://theedgemalaysia.com/node/682909
Putrajaya reviewing windfall tax on palm oil industry — Fadillah

Malaysia is reviewing an existing windfall tax on the palm industry and hopes to complete it next year, Plantations and Commodities Minister Datuk Seri Fadillah Yusof said on Monday.

Planters in Malaysia, the world's second largest producer of palm oil, have for years asked the government to reassess the tax rate and the threshold for the windfall profit tax.

The yearly chart already show 2024 rebound from 9 year correction.
2024 windfall tax will be reviewed.
Bullish for whole sector.

And big funds loves high liquidity stock.

No worry about plantation.
When yearly chart turns up.
All big fund can safely park in plantation for years and get big reward with capital gain + dividend.
Only big fund considers in years .

TSH listing in SGX b4 2024 is the best timing when plantation resume its yearly bull trend.

Let me warn again.
Tech index is pointing down in yearly chart after 9 years bull run.
This is year chart pointing down.
2024 is the begin of downturn.
YEARLY downtrend remember.
No force can push this up.

Plantation is finishing 9 years correction after breakout in 2003.
2024 will resume yearly uptrend.
YEARLY uptrend remember.
No force can press this down.

https://m.aliran.com/thinking-allowed-online/will-malaysia-be-able-to-cope-with-an-emerging-global-food-crisis

No one bother about agriculture because food is a luxury not a necessity.
Thats why it will get more n more expensive

Farmer is like a poor hardworking cow that dont make much profit.
Who want to be farmer?

Tech is a necessity thats why all fund go in tech .
You dun need food water or air ,jus need tech.
Everyone want to be technologist
Thats why it get cheaper and cheaper.

China will have own lithography tech soon .
When it comes in a few years which is much earlier than everyone expected, western tech company can earn cabbage profit like farmer.
Pro western tech company will have dim prospect.
Prochina tech will be sanctioned.
See the price of Asml.

UOB is better as it is forward looking.
All the others are backward looking..

Planters set to ride on CPO price rise
Reiterating its “overweight” call on the local plantation sector, UOBKH Research named Hap Seng Plantations Holdings Bhd and IOI Corp Bhd among its top picks, with target prices of RM2.65 and RM4.80 a share, respectively.

https://www.thestar.com.my/business/business-news/2023/09/14/planters-set-to-ride-on-cpo-price-rise

PETALING JAYA: UOB Kay Hian (UOBKH) Research is keeping its upbeat outlook on the plantation sector, fuelled by expectations that crude palm oil (CPO) prices will trend higher from the fourth quarter of 2023.

In a research note yesterday, the firm cited Oil World executive director Thomas Mielke, who predicted that CPO prices would appreciate by at least US$100 per tonne within the next four to six months, in anticipation of a supply deficit in 2024.

UOBKH Research said Mielke’s CPO price forecast was in line with its prediction.

“Mielke highlighted that major vegetable oil (vegoil) prices are currently undervalued due to ample global inventories at present.

“However, prices should appreciate with the anticipation of a potential global vegoil production deficit in 2024,” said the research house.

As a result, it believed palm oil will be the price leader in 2024 and its pricing discount gap to soyoil should narrow as supply tightens after the strong CPO inventory drawdown in Indonesia, which is already producing four million tonnes less up to August 2023 compared to a year ago.

UOBKH Research said higher CPO prices are projected between October this year and September 2024, due to below-average production growth and declining stocks, which is a mild consequence of the present dry weather.


STARPICKS
The smarter choice: U Mobile Biz Unbeatable 5G U Biz 98 5 Lines Bundle for your business savings
It said the current uncertain weather pattern in South Africa may also affect soybean production, thereby possibly boosting prices for the crop.

Having said that, UOBKH Research sees a number of deviating trends for soybean and oil palm.

“Palm oil has lost its growth dynamics, which will raise global dependence on soybean, sunseed and rapeseed.

“During the past three years, oil palm planted areas only increased by about half-a-million ha, compared to soybean planted area at 4.9 million ha,” it observed.

On top of that, the research outfit said soybean productivity yield is on a rising trend, in stark contrast to the palm oil yield, which is declining.

It added that with rising worldwide vegoil demand and slower growth from palm oil, global expansion for the plantation sector has to come from higher oil yield crops such as sunflower and rapeseed or prices need to be very attractive as farmers plant on marginal land.

UOBKH Research estimated the annual production growth rate for palm oil for 10 years up to 2030 to be 1.8 million tonnes per year, against the 2.9 million tonnes annually for the 10-year period up to 2020.

It pointed out that soybean production would reach a record high in 2023 or 2024, mainly due to the huge planting expansion in Brazil – which had seen an increase of six million ha in the past three years – exceeding the total palm oil area in Malaysia.

According to Oil World, biodiesel production for 2023 is expected to grow by at least 8.2% year-on-year to 56.5 million tonnes.

It said the European Union is projected to be the largest biodiesel producer at 15.1 million tonnes this year, followed by the United States at 12.8 million tonnes, noting that these biodiesel productions have doubled in the past 10 years.

Reiterating its “overweight” call on the local plantation sector, UOBKH Research named Hap Seng Plantations Holdings Bhd and IOI Corp Bhd among its top picks, with target prices of RM2.65 and RM4.80 a share, respectively.

The Malaysian Palm Oil Association (MPOA) is set to hold its first ever National Palm Oil Conference 2023 next month, for stakeholders to discuss crucial issues and emerging trends in the palm oil sector.

The issues include the pressing need for a comprehensive review of the windfall profit levy's price threshold and levy rate, and oil palm replanting, it said in a statement on Saturday.

MPOA said the existing levy disproportionately burdens the palm oil industry, particularly in the face of escalated production costs at present.

https://theedgemalaysia.com/node/681917

In a few yrs time, big shortages is coming due to failure to replant.
Why there is no replant because cpo price is too low to attract replant.

WHEN alot of plantation company cannot replant but TSH is busy now doing major replanting after receiving bumper cash.
TsH will reap the big reward when the big shortage comes .

Crude palm oil (CPO) prices are expected to climb by at least US$100 within the next four to six months, according to ISTA Mielke GmbH (Oil World) executive director Thomas Mielke.

The rise in CPO prices, according to him, is driven by a combination of factors, including developments related to Indian crop production, Black Sea exports and weather conditions in South America, which could affect the production of competing vegetable oils, and in turn increase demand for palm oil.

“The threat of El Nino will cause dryness to the oil palms in Southeast Asia. If we get a strong El-Nino effect, we have to revise downward our [palm oil] production estimate and this would create more bullish prices,” Mielke said at the UOB Kay Hian-Bursa Malaysia Derivatives joint event.

“[However], there are many uncertainties which complicate price forecasting. Palm oil moved largely sideways of late. At around US$860 per tonne, they are currently undervalued,” he added.

Mielke pointed out that palm oil production has already been below historical trend since 2019 and average yields have declined alarmingly. This is due to challenges such as a lack of replantings in recent years with an estimated 30% of oil palms in Malaysia being 19 years old or older, a slowdown in new plantings that limits production growth, a shortage of skilled labour and management issues.

“Annual average growth in palm oil production is likely to slow to only 1.8 million tonnes or probably less in the 10 years to 2030. This compares with the average annual growth of 2.9 million tonnes in the 10 years to 2020. This is a loss of 1.1 million tonnes.

“Despite the slowing down of growth, palm oil is still dominating the global market of oils or fats, with a production share of 32% and it accounts for even 53% of world exports, although it [is] produced from only 6% of the area,” he added.

https://theedgemalaysia.com/node/682270

When global investors realize that blindly longing the U.S. dollar and shorting U.S. debt still fail to outperform commodities, it will be the twilight moment of the U.S. dollar.

There are two important principles for investing in the era of stagflation:

1: Don’t short commodity.

2: Don’t long bonds

Same like ytlpower n ytl.
7 years of downtrend.Once u turn and break through.
Very aggressive.
Lionind is 30 yrs downtrend.
If u turn n breakthrough, more agrressive.
Above rm1 is easy in 2024.