trading at 20x PE is cheap compared to downstream core Simeplantation which trading at sky high PE of 54x..and simeplt up by 0.11

late next week..

trend reversal to up after the second deep on 2nd october

great closing at 0.985 upper trend line now

crude oil price up,la nina around the corner,high soy price,india great festival around the corner,stock pile down for 2 giant purchaser india and china to support cpo price rally in 4th qrt

wow 4thqrt net profit going to be very solid as now cpo already trading btw 2900 - 3000

https://www.thestar.com.my/business/business-news/2020/10/09/cpo-futures-rally-to-two-week-high-of-rm2936

https://www.freemalaysiatoday.com/category/nation/2020/10/08/festive-food-craving-set-to-boost-indian-demand-for-palm-oil/

tsh core is Upstream palm oil production

if 4thqrt cop price even higher..TP could be even higher above 1.5

3qrt net profit anticipate to be around 30 mill plus minus

market TP consensus is 1.10..1.20.

1.31..1.40

average cop price for 3rdqrt is around 2700

late next week....

consolidation and based building is over ..waiting for suitable time to stage a meaningful up trend..as the 3rd art result is super good

cpo 3000 now

https://www.theedgemarkets.com/article/tsh-resources-may-be-staging-rebound-says-rhb-retail-research

correction phase is deemed over

.consolidation and base building around 0.97 to 1.00.

https://www.theedgemarkets.com/article/analysts-neutral-plantation-sector-after-jump-palm-oil-supply

https://www.thestar.com.my/business/business-news/2020/09/11/new-plantings-set-to-help-tsh-resources-grow

free fall

nothing to see now til Nov

nothing to see from now onwards til Nov

if price break below 0.935 down trend

trend reversal.

looks like double tops formation?

https://www.theedgemarkets.com/article/cpo-meet-initial-rm3000-tonne-target-earlier-expected-%E2%80%94-mpob

https://www.theedgemarkets.com/article/cpo-meet-initial-rm3000-tonne-target-earlier-expected-%E2%80%94-mpob

https://www.thestar.com.my/business/business-news/2020/09/04/the-week-that-was---ringgit-rising-genting-hk-palm-oil-loan-growth

https://www.thestar.com.my/business/business-news/2020/09/04/the-week-that-was---ringgit-rising-genting-hk-palm-oil-loan-growth

https://www.thestar.com.my/business/business-news/2020/09/04/biodiesel-and-new-markets-boost-palm-oil-price#cxrecs_s

https://www.thestar.com.my/business/business-news/2020/09/04/biodiesel-and-new-markets-boost-palm-oil-price#cxrecs_s

https://www.theedgemarkets.com/article/cpo-futures-extends-uptrend-hits-eightmonth-high

https://www.theedgemarkets.com/article/cpo-futures-extends-uptrend-hits-eightmonth-high

all the SOP chart pattern are pointing to bullish trend

last wednesday volumn was 341.7k which is higher than average volumn of 281.8k for the past 20 days from last tuesday .

next tuesday.SOP price should break up above the upper bollinger .uptrend after wednesday volume closed more than the average volumn of 281.8k for the past 20 trading days from wednesday closes volumn
.after wednesday price surged above upper bollingger,price staged a pull back on last thursday and friday...symetrically trianger breakup pattern.

https://www.thestar.com.my/business/business-news/2020/08/29/hsr-full-speed-ahead

https://www.thestar.com.my/business/business-news/2020/08/29/hsr-delay-is-a-blessing-in-disguise

https://www.theedgemarkets.com/article/tsh-resources-sells-two-indonesian-plantation-units-klk-pay-debts

https://klse.i3investor.com/m/blog/targetinvest/2020-08-19-story-h1512396433-TSH_BENEFIT_FROM_HIGH_FCPO_AND_TIMBER_PRICE_AGGRESSIVE_EPF_PURCHASE_PRI.jsp

if cpo price above 3000 mt.
all plantation stock would go high.overweight sector.TSH tp above 1.6

heard rumours that some plantation cos are planning to give bonus issues

hope next week plantation stocks also flyhigh
thi round is plantation play

all palm oil plantation company 2nd qrt results flying high

qrt 3 results would even better than qrt 2.as july and august cpo price above 2600mt

https://www.nst.com.my/business/2020/08/616240/better-showing-pure-upstream-plantation-companies-latest-quarter

The more sideways zzz the more sustainable and firming the coming before a big spike in coming weeks.. the longer consolidate the stronger it spike.

2nd target rm6..order keep coming in from India
China ,middle east,US

Bullish

Soon price to spike to rm3.9 after brief consolidation