Posted by moneySIFU > 2021-11-07 18:10 | Report Abuse

I really don't understand what AmInvest has tried to say, but seem like they didn't do their works to verify the situation before giving out the analysis:


QUARTERLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

30-Sep-21 239,222 (YOY: +61,746MT / +34.8%)
30-Jun-21 255,151 (YOY: +36,069MT / +16.5%)
31-Mar-21 228,187 (YOY: +20,460MT / +9.8%)

31-Dec-20 180,963
30-Sep-20 177,476 (note 1)
30-Jun-20 219,082
31-Mar-20 207,727


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From AmInvest:
We believe that TSH’s FFB production in 2HFY21 would be lower YoY after a bumper harvest in 1HFY21. TSH’s oil palm trees in Indonesia were productive in 1HFY21 as reflected in the 16.7% YoY increase in FFB production. Recall that in August 2021, a few SGX-listed Indonesia planters had said that their FFB production in 2H2021 would be the same as 1H2021.

https://klse.i3investor.com/servlets/ptres/61105.jsp

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(note 1)
The decline in FFB production in Q3 2020 was primarily due to the lagged impact of the drought in Indonesia in Q3 2019. We anticipate the production to normalise in Q4 2020.