Bursa Malaysia Stock Watch

TSH Resources: Maintain Buy - Bounteous crop

kltrader
Publish date: Thu, 23 Feb 2012, 09:50 AM
kltrader
0 20,407
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Positive trend continues. TSH's 2011 net profit of RM120.5m (+43% YoY) is in line with our and market estimates. We are upbeat on its FFB production growth momentum, with a 3-year forward CAGR forecast of 19%. Revision of our CPO ASP forecast (+8%) lifts our 2012-13 net profit estimates by 13.9-14.4%. Reiterate Buy with a higher TP of RM2.50 (+14%, from RM2.19) based on an unchanged 15x 2013 PER.


Maybank Research 23 Feb 2012

Click here for full report
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment