KLSE (MYR): TSH (9059)
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Last Price
1.14
Today's Change
0.00 (0.00%)
Day's Change
1.12 - 1.15
Trading Volume
759,000
2024-08-18
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Investorrr
659 posts
Posted by Investorrr > 2022-07-06 11:18 | Report Abuse
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.
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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