today intraday cup and handle formed with huge volume successfully break out 1.02,should stay above 1.02 today.

in fact uptrend convergence started since 21.6.2022,,,if I'm not wrong.

actually the most bearish point when RSI 14 hit 23.7754 on 21.6.2022.

@Trader Alwa

today price really over done,far below the lower bollinger band,it could be the lowest footing for TSh.(6 .7.2022)

today price really over done,far below the lower bollinger band,it could be the lowest footing for TSh.

TSh downtrend already over since 2 weeks ago,now is under consolidation phase ,trying to stabilise / to find a footing for a few more weeks

MIDF Research also maintained a positive stance on the plantation sector, with an unchanged CPO price forecast at RM5,500 per tonne for 2022.

However, the key risks to CPO prices include new variants resulting in another lockdown worldwide, higher-than-expected soybean and soybean oil stockpiles and supply as well as policy changes in importing countries.


STARPICKS
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The research house’s top picks for the sector are Kuala Lumpur Kepong Bhd with a target price (TP) of RM31.50 and TSH Resources Bhd (TP RM1.90).

Valuation wise, MIDF Research pointed out that Bursa’s KL Plantation Index is currently trading at price-to-earnings ratio of 25.4 times, which

MIDF also target 1.90

hope I'm right,my target price at end of year =2.7 - 2.80

based on same EPS for core and non core profit as 2 and quarter, the combined EPS for 3&4 quarter should earn 0.056 per share.( total EpS for the 4 quarters =0.1917)..

1st quarter EPS RM0.0699 +2nd quarter EPS RM0.0658 (0.0378 disposal profit from land sales+0.022 from core net profit+,0.006 non core net profit)
total 2 qrts EpS is 0.1357

@Calvintaneng
From "underweight" to "OVERWEIGHT" PALM OIL AND GAVE TSH RM1.90 TARGET PRICE.
achievable the coming 2nd quarter results. could achieve a EPS of 13.3 cent, per share

worst is behind us ..lowest at 0.66

worst is behind us ,lowest at 1.06...

should climb over 0.72 tomorrow

downtrend over,lowest 0.66

sp setia downtrend could be at the tail end,reversal from now is on the card

mirroring worldwide great depression in 1930 (world economy was dominated by western powers),Down jone rebounded til 1934 and econd leg down again in 1935(very much shallow compared with 1930 crash)...now we have China to balance up the world economy, and the crash in 2020 was only few months (eventhough was very steep)...and now the second leg down again,believe to be much shallow then 2020)

@willsmith,I maybe wrong,I don't think there will be worldwide recession/depression, if recession only for western countries and Japan,east Asia like us will experience slow down.(any recession or slowdown will be brief)

downtrend over for TSH,.but stiil volatile .

inflation fear should be waning soon

klse should test the lowest point 1450( 50% fibonacci retracemen)

bottomed at 1.13..the lowest,share to reverse (recovery onwards)

1.26 lowest yesterday closed could be the bottom

NTA RM2.98. most valued stock anytime re rating with large land banks

...foreigne funds preferred property blue ship stock with most landed property projects

...recovery of the pandemic play hedge against inflation play

recovery of the property sector play,coming general election play bandar Malaysian and highspeed rail project play

Russian won most part of eastern and southern Ukraine,Mariupol port to resume operation soon

0.78 yesterday could be the bottom

time to buy not sell

could be the last round of selling today

no worries,most projects are landed properties for Sp setia

will never see 0.80 again

those who bought properties during down cycle would be laughing end of 2023

panic selling over done
to rebound anytime

property super bull cycle peak in year 2013,-mid 2014

property 9 years down cycle is over.

report profit but slightly down.Price way below NTA 2.98
Value stock.

down with column,bad

hopefully can get 25 cents EPS 1st Qrt

good show from next Monday 23 May day,lifting of palm oil ban .

1st qrt results should out on 25 May,hv confident super good qrt results,0.075 EPS sold of land in Feb,21.2% profit from innoplant,and
on palm oil profit above rm6300 per tonne on about 200k tonnes sold

@Greenland,..i agreed yes Calvintenang's sharing is based on facts.

*innoprise..is a super small plantation company,almost ever qrt results reported more than 35% net profit
TSh stands to gain

...plus 21% Innoplus interest ,plus RM107 mil profit from land sales.TSH is undervalue now

SOP at current level should be at RM12

sales of kalimantan land alone would translate into RM0.35 EPS

let's aim for RM488 mill profit from the kalimantan land sales RM700 +mill1st qrt 2023 .price to surge above RM7

RM12 -RM13