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763 comment(s). Last comment by Jona0724 at Mar 8, 2019 10:41 AM
 4 people like this.
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2 posts

Posted by stan1980 > Sep 13, 2016 11:03 AM | Report Abuse

bigearl, just wait for Right Issue 1:4,,,,, $$$$

86 posts

Posted by wjwong > Jan 13, 2017 11:16 AM | Report Abuse

can support edy!

9690 posts

Posted by probability > Jan 18, 2017 11:31 AM | Report Abuse


86 posts

Posted by wjwong > Feb 3, 2017 4:26 PM | Report Abuse

urh~~ keep partially matched waste my water money!

213 posts

Posted by willc48 > Aug 25, 2017 10:04 AM | Report Abuse

Baiting shareholders with right issues; technically will wipe out 75% of value to around RM0.40 if lucky. Rather sell now & buy in bulk later

110 posts

Posted by mawiLegend > Apr 12, 2018 12:02 PM | Report Abuse

Is that true tht crude palm oil been blocked in europe & us? Since last year i heard this rumours..seems its true..so sad

23 posts

Posted by bigearl > May 21, 2018 10:54 AM | Report Abuse

This company reports looks really good. But why is their shares dropping insanely?

1070 posts

Posted by -M2- > May 21, 2018 10:55 AM | Report Abuse

Because BN lose the Ge14.

636 posts

Posted by TheLegend27 > May 22, 2018 2:11 PM | Report Abuse

dividend last day for collection guys

52 posts

Posted by sysz820 > Jan 10, 2019 3:50 PM | Report Abuse

All plantation start fly

Nedu Ned
1 post

Posted by Nedu Ned > Jan 12, 2019 9:06 PM | Report Abuse

will this stock price ever goes up again?

421 posts

Posted by commonsense > Jan 25, 2019 4:10 PM | Report Abuse

Hi Nedu,

TSH Resources is not the only plantation company that posted disappointing results in the most recent quarters. If you go through other financial reports, most (if not all) plantation companies are affected by the low CPO price in Jul-Sept period.

In terms of valuation, all plantation stocks are currently trading at a high PE multiple (for those that still managed to record profit) just like TSH. This is reflective of the downturn cycle of the plantation industry. Don't think that the industry will reverse their down cycle anytime soon given the general demand of the commodity is expected to go down in the future. China for example, is negotiating with US to take in more agriculture products from US which would potentially include soybean (or soybean oil). In general, Chinese consumption of oil would not actually go up that much so the increase of soybean oil import from US to China would actually be at the expense of other oil commodities from other countries (in particular palm oil from Indonesia and Malaysia). Another issue is on the European demand of palm oil which is expected to go down exponentially given the proposed ban of palm oil use in food and transportation industries in the future. They have already agreed to phase out the use of palm oil in transport fuel by 2030. Some countries like France and Norway have already started to move away from palm oil.

With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies like TSH as the return to upcycle might not be in the near future.

If you are looking to diversify your portfolio outside of TSH (due to its earnings uncertainties and relatively high valuation) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

393 posts

Posted by Jona0724 > Mar 8, 2019 10:41 AM | Report Abuse

company declare 1 cent dividend, but havent announce when the dividend expired and pay out date?

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