Previous Technical Analysis Closed RM 1. 30 April 2021 1.07 2. 3 May 1.13 3. 4 May 1.15 4. 5 May 1.13 5. 6 May 1.13 6. 7 May 1.20 7. 10 May 1.24 / High 1.29
Earning Per Share Date Announced (i) 2.88 24 August 2021 (ii) 1.51 19 May 2021 (iii) 2.39 25 February 2021 (iv) 1.74 18 November 2020 ============================================================================== sub total : 8.52 x PER 18 = RM1.53 ============================================================================== Intrinsic value = RM1.53
Let us witness another explosive run up on the prices upwards
in another 7 to 14 trading days , will it be fast & furious to
RM 1.53 and above
========================================================================== From : calvintaneng
1. Name Date of acquisition No. of shares purchased Average purchase price per share (RM) % of shares purchased Kelvin Tan Aik Pen 26.08.2021 300,000 1.1053
Today -26 October 2021 -- TSH's Chairman -Kelvin Tan Aik Pen bought 300,000 shares of TSH at average price of Rm1.1053
A potential indicator of a stock’s future performance is the level of stock that insiders are buying. In this context, an insider is an employee of the company, usually, a high-level executive (e.g. CEO, CFO, COO) or it can be a hedge fund that is providing capital. Their access to non-public information puts more weight on their buying and selling decisions. With that in mind, it’s important to note that insiders may sell shares of stock for many reasons. However, they only buy for one reason.
That is, they believe that information is going to be released that will boost the stock price in the near future.
Or , the next step is to take the company into serious consideration for private exercise.
Let us endeavour to find the
REAL MOTIVES & OBJECTIVES OF THE TOP MANAGEMENT -
AT CHAIRMAN LEVEL -
KELVIN TAN AIK PEN ----
MASSIVE CONTINUOUS BUYING ORDERS
(FROM 1 MARCH 2021 TO 1 SEPTEMBER 2021 )
NOT MORE THAN 132 TRADING DAYS ON TSH SHARES .
sub total : number of TSH shares bought from
1 March 2021 to
1 September 2021 =
21,850 ,000 shares
( 21,850 lots X average prices RM 1.08 =
almost RM 23.6 millions on wards
THERE ARE NO INSIDERS FROM OTHER COMPANIES BUYING SO MASSIVE SHARES IN THEIR COMPANIES IN KLSE.
Please note at this current time the KLSE market conditions are not favourable
in view of political uncertainties and
also the economic conditions , coupled with the cases of Covid -19
are on the increase thus creating poor sentiments in KLSE.
There is huge potential corporate exercise on TSH ; target Price 1. Fully agreed with you : greenland ; it is another corporate exercise , with high upside on the price, it will be fast and furious , no doubt as the Public Bank research latest issued is Target Price RM 1.75
=========================================================================== TSH Resources - A Pair of Lucky Breaks Date: 25/08/2021
Source : PUBLIC BANK Stock : TSH
Price Target : 1.75 | Price Call : BUY Last Price : 1.08 | Upside/Downside : +0.67 (62.04%) Back
Riding on the strong CPO price performance and a steep FFB production growth from Indonesia, TSH saw its 1HFY21 earnings doubling to RM78.4m. The results beat ours and the street expectations, making up 73% and 71% of full-year estimates, respectively. No dividend was declared for the quarter. In view of the stronger-than-expected results, we revise up our FY21-23 earnings forecasts by 15%-38% after raising our profit margin and FFB production growth to 19% (previously 7%). Consequently, our TP also increases from RM1.46 to
RM1.75 based on 24x FY22 EPS.
Maintain Outperform call.
2QFY21 revenue (QoQ: +55%, YoY: +46%). The impressive topline of RM307m was mainly boosted by stronger plantation sales despite weaker contributions from non-core businesses. Plantation revenue jumped 84% YoY to RM335m, driven by stronger both CPO prices and higher production. Average CPO prices advanced from RM2,099/mt to RM3,441/mt, a massive growth of 64% YoY. FFB production rose 16.5% YoY to 255,151mt, led by stronger production in Indonesia (+21.1%) despite weaker production seen in Sabah (-15.3%). Non-core sales tumbled 38.1% YoY to RM17.7m, mainly dragged by weaker cocoa sales. Core earnings surged to RM45m. it would have been a record breaking quarter if not because of the additional Indonesian export levy and duty on CPO amounting to RM72.2m. the Group recorded core earnings of RM45m, bolstered by stronger plantation earnings as CPO and palm kernel prices rallied. Plantation EBIT margin jumped from 10.6% to 28.2%. On the other hand, earnings contribution from other businesses registered a loss of RM1.6m, as cocoa business was negatively affected by the Covid-19 pandemic due to lower consumption of cocoa butter globally. Meanwhile, earnings contribution from its 21.9%-owned Innoprise Plantations doubled to RM4.5m. Outlook guidance. In contrast to the earlier estimates of 7-11%, it is understood that the Group is now targeting higher FFB production growth of 18-20%. The steep FFB production growth achieved in Indonesia was surprising with the management attributing it to the i) young age profile, ii) consistent manuring programme and iii) high productivity backed by sufficient workforce. Meanwhile, we understand that the Group has a 2- month forward selling practice for its CPO production. Only a small replanting area was achieved during the quarter. Based on our sensitivity analysis, every RM100/mt change in CPO price would translate to 7-10% increase in the Group’s bottomline.
Source : PUBLIC BANK Date issued : 25/08/2021 TSH --- Price Target : RM1.75 06/09/2021 5:36 AM ==========================================================================
2. S H Chan / 4316 there is no impending corporate exercise .
very strange volume. Normally daily volume is less than 500 lots, and the buy and sell queues are extremely low. Now volume is almost 190000 lots within 20 minutes since the opening but the price hardly moves. Lousy operator.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....