Posted by -M2- > 2018-05-21 10:55 | Report Abuse

Because BN lose the Ge14.

Posted by TheLegend27 > 2018-05-22 14:11 | Report Abuse

dividend last day for collection guys

Posted by sysz820 > 2019-01-10 15:50 | Report Abuse

All plantation start fly

Posted by Nedu Ned > 2019-01-12 21:06 | Report Abuse

will this stock price ever goes up again?

Posted by commonsense > 2019-01-25 16:10 | Report Abuse

Hi Nedu,

TSH Resources is not the only plantation company that posted disappointing results in the most recent quarters. If you go through other financial reports, most (if not all) plantation companies are affected by the low CPO price in Jul-Sept period.

In terms of valuation, all plantation stocks are currently trading at a high PE multiple (for those that still managed to record profit) just like TSH. This is reflective of the downturn cycle of the plantation industry. Don't think that the industry will reverse their down cycle anytime soon given the general demand of the commodity is expected to go down in the future. China for example, is negotiating with US to take in more agriculture products from US which would potentially include soybean (or soybean oil). In general, Chinese consumption of oil would not actually go up that much so the increase of soybean oil import from US to China would actually be at the expense of other oil commodities from other countries (in particular palm oil from Indonesia and Malaysia). Another issue is on the European demand of palm oil which is expected to go down exponentially given the proposed ban of palm oil use in food and transportation industries in the future. They have already agreed to phase out the use of palm oil in transport fuel by 2030. Some countries like France and Norway have already started to move away from palm oil.

With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies like TSH as the return to upcycle might not be in the near future.

If you are looking to diversify your portfolio outside of TSH (due to its earnings uncertainties and relatively high valuation) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by Jona0724 > 2019-03-08 10:41 | Report Abuse

company declare 1 cent dividend, but havent announce when the dividend expired and pay out date?

Posted by shpg22 > 2019-04-06 22:19 | Report Abuse

The only thing that grow in this company is the debt.

Posted by James Ng > 2019-04-22 09:51 | Report Abuse

https://klse.i3investor.com/blogs/general/203306.jsp
[转贴] [TSH RESOURCES BHD：由于树龄较好且种植面积较多，陈顺风预计其本年度FFB产量将较上年进一步改善，毛棕榈油价格也开始上涨，如果价格恢复能够持续，预计2019年的核心盈利表现也会有所改善] - James的股票投资James Share Investing

Posted by Jona0724 > 2019-04-22 15:19 | Report Abuse

finally can see more trading transaction. good sign no matter up or down

Posted by Jona0724 > 2019-04-27 07:42 | Report Abuse

finally declare dividend 1 cent, expired date 27/May.

Posted by BILLION_Q > 2019-10-15 01:44 | Report Abuse

This company should be waking up soon..

Posted by monetary > 2019-11-13 09:37 | Report Abuse

TSH has spent huge capex planting in Indonesia for the past 5yrs. With current up trending CPO price the planted palm will boost it's earning & reduce it's borrowing. It's current BV is under estimated. TSH also jv with Wilmar Int in 50 50 basis in palm oil refinery n kernel crushing plant. When CPO uptrends it will generate profit at faster rate compared to other planters (without refinery).

Posted by monetary > 2019-11-20 12:21 | Report Abuse

wow! why no one celebrating?!

Posted by Invest_888 > 2019-11-20 15:42 | Report Abuse

TSH deserve higher price.

Posted by monetary > 2019-11-20 16:35 | Report Abuse

retailers all cut loss. now insiders play the game. that's why so quiet.

Posted by kalteh > 2019-11-20 18:51 | Report Abuse

higher than expected production?

Posted by sysz820 > 2019-11-20 21:38 | Report Abuse

Tsh start fly

Posted by mjy88 > 2019-11-21 01:14 | Report Abuse

If can break resistance around 1.25 by end of Nov when Q3 result announce, TSH could be a super stock

Posted by monetary > 2019-11-21 09:32 | Report Abuse

It's share price has been down trending since 2014 from its peak of 2.5 (after adjustment for bonus). The rebound is going to b v strong!

Posted by perangbrown > 2019-11-21 13:37 | Report Abuse

TSH Resources Posts Oct Production Of Crude Palm Oil 10,412 MT

Posted by monetary > 2019-11-22 13:02 | Report Abuse

if CPO continues uptrend looking at the chart TP1 should b $1.8

Posted by monetary > 2019-11-22 13:14 | Report Abuse

today ffb mill gate price up another $9 - $10 across the country.

Posted by whitesheep > 2019-11-23 07:41 | Report Abuse

false break out ... may trend down ...

Posted by SpicyMcDeluxe > 2019-12-05 12:23 | Report Abuse

Vroom

Posted by perangbrown > 2019-12-05 14:16 | Report Abuse

Sentiment towards palm oil is expected to sustain into 2020 due to supply constraints, lower output of alternative oils and prospects of better demand.

Posted by bc8660 > 2019-12-06 06:51 | Report Abuse

Below link would help people to understand how strong of CPO and FFB daily price.

http://bepi.mpob.gov.my/admin2/price_local_daily_view_cpo_msia.php

http://bepi.mpob.gov.my/admin2/price_ffb_region_view2.php

Posted by longvalley > 2019-12-07 09:47 | Report Abuse

Wa ka ka......

Posted by bc8660 > 2019-12-12 09:18 | Report Abuse

EPF keep acquiring the past two days, it looks like the rebound uptrend still a long way to go.

Posted by Mabel > 2019-12-14 00:20 | Report Abuse

Meow!

Posted by MasterYoda > 2019-12-17 14:31 | Report Abuse

tsh

Posted by bukithot > 2019-12-27 12:30 | Report Abuse

Come come come

Posted by alantiang > 2019-12-28 10:44 | Report Abuse

www.sinchew.com.my/pad/con/content_2182629.html

Posted by alantiang > 2019-12-28 10:45 | Report Abuse

New record since this few years, CPO $3103

Posted by Mabel > 2019-12-28 11:06 | Report Abuse

Let's break 1.50..

Posted by LouiseS > 2020-01-03 11:41 | Report Abuse

TSH's main business segments include oil palm plantations and milling.

Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -7.85 sen to 10.31sen. In 2018 financial year, TSH reported lower revenue than previous year due to lower average prices of crude palm oil (CPO). Dividend declared is 2 sen per share, which amounts to a dividend yield of 1.29%.

https://louisesinvesting.blogspot.com/2020/01/comments-on-tsh-resources-berhad-9059.html

Posted by Plantermen > 2020-01-07 07:20 | Report Abuse

Price underperforming compared to its local peers

Posted by mjy88 > 2020-01-10 14:04 | Report Abuse

Reiterate OUTPERFORM with an unchanged TP of RM1.90 based on an unchanged Fwd. PER of 24.4x applied on FY20E EPS of 7.69 sen, reflecting +1.0SD valuation basis, justified by: (i) current CPO price of c.RM3,060/MT (TSH was also traded at +1.0SD levels when CPO prices were at RM2,700-2,900/MT in 2017), and (ii) the likelihood of significant sequential earnings improvement ahead. Valuations of other planters under our coverage are pegged at mean to +1.0SD levels.

Risks to our call include sharp falls in CPO prices and a precipitous rise in labour/fertiliser/transportation costs.

Source: Kenanga Research - 9 Jan 2020

Posted by alantiang > 2020-01-10 15:33 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2198951.html

Posted by dalpinia > 2020-01-14 17:00 | Report Abuse

Switched to MKH as India will buy more CPO from Indonesia, MKH plantation 100% in Kalimantan will be benefited

Posted by dlau8899 > 2020-01-14 22:54 | Report Abuse

Tsh a lot plam oil plantation at Indonesia, good management and with dividend. Going up as soon.

Posted by Jonathan Keung > 2020-01-15 06:35 | Report Abuse

TSH kalinantan facing issues

Posted by dlau8899 > 2020-01-17 13:16 | Report Abuse

Going up 1.54

Posted by dlau8899 > 2020-01-17 13:19 | Report Abuse

https://www.theedgemarkets.com/article/india-has-not-put-curbs-imports-malaysia-turkey-%E2%80%94-india-minister

Posted by dlau8899 > 2020-01-17 20:49 | Report Abuse

Going up 1.58 as soon

Posted by dlau8899 > 2020-01-17 20:54 | Report Abuse

https://klse.i3investor.com/blogs/nanyang_stock_expert/2020-01-14-story-h1482152117.jsp

Posted by Mabel > 2020-01-22 08:24 | Report Abuse

Huat Chaiiii

Posted by LouiseS > 2020-01-27 14:01 | Report Abuse

Based on comparison of 44 plantation counters listed in Bursa Malaysia, it is found that currently TSH is not ranked as one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. However, TSH stands out in performance indicators such as having high market capitalization (RM 2,073 million).

https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html

Posted by Hafid > 2020-02-06 10:47 | Report Abuse

TSH got wilmar support

Posted by dlau8899 > 2020-02-06 13:53 | Report Abuse

Palm oil price up

Posted by Plantermen > 2020-02-10 17:00 | Report Abuse

2019 much better compared to 2018. TSH and other plantations should report much higher profit. If not something not right. Replanting cost is more or less the same whereas selling price for CPO & PK average selling price much higher