Posted by Carlsbg Move > 2013-11-18 16:33 | Report Abuse

and never come back

Posted by GF888 > 2013-11-18 16:42 | Report Abuse

Can go more & more ....

Posted by stockcrazy > 2013-11-18 16:48 | Report Abuse

look like the market want it to close at 2.88....

Posted by Fortunebull > 2013-11-20 03:21 | Report Abuse

Bone! I recommend TSH against your Tanco! See who bring others to holland!

Posted by GF888 > 2013-11-20 10:45 | Report Abuse

TSH... I will keep u till RM 4.50.

Posted by zamsaham > 2013-11-20 10:46 | Report Abuse

can meh this TSH run high $4? Palm... susah want to perchaya

Posted by zamry zainal abidin > 2013-12-05 23:58 | Report Abuse

any info for this counter.....

Posted by GF888 > 2013-12-10 21:49 | Report Abuse

TSH...my next target RM3.50..then RM4.00.... because it goes up & will never come back.

Posted by teor cheosoon > 2013-12-11 16:30 | Report Abuse

TSH IS COUNTER FOR BUY AND KEEP, I BOUGHT TWO YEARS AGO ONLY 1.35, WILL STILL KEEP

Posted by Thamil Muthu > 2013-12-13 07:00 | Report Abuse

Profitable company with good management team.

Posted by GF888 > 2013-12-16 20:46 | Report Abuse

TSH...I trusted u..I will not sell u..

Posted by carson > 2014-01-07 17:59 | Report Abuse

i believe the best plantation stocks are tsh and bumitama at sgx

Posted by gark > 2014-01-08 11:47 | Report Abuse

carson no.. look at First Resources.. >50% unplanted, high FFB yield and high OER

Posted by 逍遥子 > 2014-01-08 22:31 | Report Abuse

Buy now, mid term TP $3.5 !!

Posted by novice8 > 2014-01-09 19:29 | Report Abuse

is it time to bring in?

Posted by emma > 2014-01-11 23:05 | Report Abuse

Kulim not good? ?

Posted by jonatlau79 > 2014-01-12 14:36 | Report Abuse

From Chart .. RM2.88 is strong support ... Time To Buy Now ... TP RM3.00 ... (short Term) ... http://www.stocktalk2u.com/2013/12/technical-analysis-dec-2013-tsh-9059.html

Posted by kenken85 > 2014-01-28 19:08 | Report Abuse

Yay.. nice rebound. Keep it up ..

Posted by ray81 > 2014-02-06 11:26 | Report Abuse

go go go..up up up....

Posted by ray81 > 2014-02-11 11:05 | Report Abuse

up up up

Posted by 逍遥子 > 2014-02-11 11:07 | Report Abuse

Qtr results coming......should be quite good.

Posted by ray81 > 2014-02-13 11:57 | Report Abuse

i LOVE this stock

Posted by 逍遥子 > 2014-02-13 12:55 | Report Abuse

Warming up for the results.... Ke ke ke

Posted by Stockman > 2014-02-13 15:04 | Report Abuse

TSH had profit of RM86 million when sell Pontian to FGV

Posted by ray81 > 2014-02-17 11:31 | Report Abuse

any palm oil in sarawak? if have must pull out

Posted by ray81 > 2014-02-18 09:56 | Report Abuse

When is the quarter result out for TSH?=..all broker asked buy buy buy

Posted by klinnsman39 > 2014-02-18 10:01 | Report Abuse

Is kalimantan consider part of sarawak? lol

Posted by ray81 > 2014-02-18 10:04 | Report Abuse

Ya..claried. no impact to TSH...just that after the news, Plantation stock on cautious mode

Posted by iafx > 2014-02-20 15:26 | Report Abuse

cpo shoot up $2733 already and doesn't seem to even pause... weather factor kicks in already

As for mid-cap top pick, Kenanga likes TSH due to its high FFB growth, recalling that its 9M13 FFB output is already showing 34pc growth year-on-year to 379,673mt, which is the strongest growth among its peers.

Read more: Overweight on plantation stocks: Kenanga http://www.btimes.com.my/Current_News/BTIMES/articles/20140219132013/Article/index_html#ixzz2tkcSBEHu

http://research.maybank-ib.com/pdf/document/TSH_Resources_4Q13_RP_20140217_MKE_5756.pdf

Posted by klinnsman39 > 2014-02-20 15:30 | Report Abuse

http://www.theedgemalaysia.com/business-news/276344-vegoils-palm-oil-firms-on-strong-exports-supply-concerns.html

Posted by iafx > 2014-02-20 16:59 | Report Abuse

17 months on export high: http://www.btimes.com.my/Current_News/BTIMES/articles/20140220163654/Article/index_html

Posted by klinnsman39 > 2014-02-21 10:18 | Report Abuse

CPO price 2755 already
http://www.mpoc.org.my/Daily_Palm_Oil_Prices.aspx

Posted by gark > 2014-02-21 16:55 | Report Abuse

ka-boom!

Posted by GF888 > 2014-02-24 16:15 | Report Abuse

Plantations - CPO Futures Surge Above RM2,700/mt.
TSH Resources (BUY; TP: RM3.28).
http://klse.i3investor.com/servlets/ptres/21274.jsp
Buy..buy more!!...

Posted by ray81 > 2014-02-25 13:36 | Report Abuse

result out.......increase net profit....

Posted by chooheng > 2014-02-25 13:39 | Report Abuse

yeah, increase in net profit as expected....but not share price yet. a good news that no longer making impact. what good does the good news make

Posted by ray81 > 2014-02-25 14:05 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1547177

Posted by iafx > 2014-02-25 14:29 | Report Abuse

http://www.theedgemalaysia.com/business-news/277125-tsh-declares-35-sen-dividend-with-4q-profit-up-marginally.html

Posted by chooheng > 2014-02-25 15:10 | Report Abuse

this share is cursed by its warrant current rm0.39 due Mar 14, exercise price rm2.2. way much cheaper than its share. don't expect it to break rm3.00. by march will further dilute. should escape...bo chao xi.

Posted by klinnsman39 > 2014-02-25 15:31 | Report Abuse

Good Q4-2013 results release
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1547169

Posted by klinnsman39 > 2014-02-25 15:41 | Report Abuse

3.5 sen proposed for dividend..better than last year

Posted by ray81 > 2014-02-26 00:08 | Report Abuse

Collect $ in 5 days. .up up bang bang..

Posted by rookie > 2014-02-26 10:55 | Report Abuse

chooheng, the warrant will not dilute TSH share base. Bcos it is a CALL WARRANT issued by investment bank, not by the Company.

Posted by jinv9 > 2014-02-26 11:19 | Report Abuse

According to The Edge article referred to above, the core underlying pretax profits for the financial year improved by 30% from RM112.6m to RM146.4m. Similarly, q-o-q results improved by 44.6%.

The Company also said that with FFB production expected to increase significantly In 2014, "the group can expect to achieve improved profit in the coming quarters."

The confidence in the performance of the company and the outlook of the business is underpinned by an increase in its dividend by 40% from 2.5s to 3.5s.

PER based on EPS of 17.89s and a share price of RM3.00, is 16.7x.

Posted by chooheng > 2014-02-26 11:27 | Report Abuse

16x is cheaper for plantation. hey hv to consider yo-yo palm international price, world crazy weather, short term call warrant. aint invest for 5 - 6 yrs. short term 1-2 yrs bo kang tao, sorry.

Posted by jinv9 > 2014-02-26 13:22 | Report Abuse

TSH Res 2013 profit jumps 132pc

KUALA LUMPUR: Sabah-based TSH Resources Berhad (“TSH”) registered the highest record profit after tax (“PAT”) of RM224.6 million for the financial year ended 31 December 2013, which was 132pc higher than the core PAT of RM97 million in the previous corresponding year.

This spectacular result was achieved on the back of very strong growth in fresh fruit bunches (FFB) production in 2013 and reduction in production costs, in the face of lower crude palm oil (CPO) prices registered during the year. This record PAT was contributed by core PAT of RM139.3 million and investment disposal gain of RM85.3 million.

In line with the decrease in production costs realized by TSH through better efficiency, the gross profit margin escalated to 30.6pc in 2013 from 25.5% in the previous year. The gross profit margin improved despite a 15pc lower average CPO price of RM2,251 in this year compared to RM2,650 in 2012. The effective reduction in unit production cost has been very significant over the last one year.

“Since 2008, TSH’s FFB production has been growing on average at 34.4pc per annum. With cash from the disposal of non-core investment in Pontian United Plantation Berhad, we have a stronger platform to accelerate our new oil palm planting and acquisition of primarily greenfield plantations,” said Chairman, Datuk Kelvin Tan.

“Almost 80pc of oil palm plantation trees of TSH are now immature and young matured.These young trees will continue to fuel FFB production growth. Coupled with our on-going new planting, we believe that we can sustain a double digit growth in FFB production for the next 5-7 years. In addition, we expect our unit production cost to continuously undergo downtrend as our FFB yield increases for the next few years,” Kelvin Tan further explained.

For the 4th quarter ended 31 December 2013 (“4Q 2013”), the core PAT of TSH jumped by 53pc to RM50.0 million as compared to the core PAT in the previous quarter (“4Q 2012”) of RM32.7 million. The Core PAT is calculated after excluding non-operating items such as currency translation difference.

TSH has announced a proposed first and final single tier dividend of 3.5 sen per ordinary shares for the financial year ended 31 December 2013

The above article is from today's NSTP:
Read more: TSH Res 2013 profit jumps 132pc - Latest - New Straits Times http://www.nst.com.my/business/latest/tsh-res-2013-profit-jumps-132pc-1.492769

Posted by jinv9 > 2014-02-26 14:37 | Report Abuse

Average CPO price in the 2013 results is RM2,251, as stated in the previous report.
Now it is 2,763. Lowest CPO price in Jan 2014 is around 2,500.
Whether it will go up or down, nobody knows; industry players seem to be optimistic.
But they would, wouldn't they?


Per Hong Leong research today:

Valuation

SOP-derived TP raised by 1 sen to RM3.13 as we updated the share prices of subsidiary and associate. Downgrade from Buy to Trading BUY following the recent share price run-up. 

Although our SOP-derived TP provides a total potential return of only 5.5% (including a projected DPS of 2.5 sen), we believe share price could potentially overshoot our TP in the short term, as TSH is one of the major beneficiaries from the recent CPO price run-up. Based on our sensitivity analysis, every RM100 rise from CPO price assumption will lift our FY15 earnings forecast and TP by 8.4% and 6.1% respectively.

Source: http://klse.i3investor.com/blogs/hleresearch/47106.jsp

p/s So, every RM100 increase in CPO price would lift HL's TP by 19sen (6.1% of RM3.13) but they didn't say what their CPO price assumption is..



Per Hwang research today:

TSH Resources; BUY; RM3.00
Price target: RM3.70 (Prev RM3.60); TSH:MK
Record high quarter

4Q13/FY13 core net profit beat our and consensus’ estimates. Stronger earnings attributed to higher FFB production and operational efficiencies. Raised FY14-16F earnings by 5-6%. Maintain BUY with RM3.70 TP.

Source: http://klse.i3investor.com/blogs/hwangdbs/47116.jsp



Per Kenanga research today:

TSH Resources - Superb FY13 But The Best Is Still To Come!

Date: 26/02/2014

Source : KENANGA
Stock : TSH Price Target : 4.10 | Price Call : BUY
Last Price : 3.00 | Upside/Downside : +1.10 (36.67%)

Period 4Q13/FY13

Actual vs. Expectations TSH Resources (TSH)’s FY13 core net profit (CNP)* of RM143m trumped consensus estimate as it came in 36% and 24% above the street’s consensus estimate of RM105m and ours at RM115m, respectively.

We may have underestimated TSH’s effort to enhance its efficiency in managing cost during the tough time of low CPO prices. Note that FY13 cost of sales actually declined 4% YoY to RM705m despite revenue growing 3% YoY to RM1.02b.

Dividends As expected, a final dividend of 3.5 sen was announced (subject to approval in the Annual General Meeting).

Key Results Highlights YoY, FY13 core net profit surged 53% to RM143m. Despite having to accept lower CPO prices of RM2251/mt (-15% YoY), TSH managed to outperform its peers with superior earnings growth as its FFB volume jumped 28% to 542,951 mt.

QoQ, 4Q13 core net profit jumped 37% to RM56m due to better CPO prices (+7% to RM2392/mt) and seasonally higher FFB volume in 4Q13 (+24% to 159,721 mt).

Outlook Management expects “improved profit in the coming quarter” and we believe FY14 will be a much better year than 2013. We reiterate our view that TSH will benefit most from higher CPO prices due to its highest FFB growth potential among all planters under our coverage. Due to its young age profile, we expect TSH to deliver FFB growth of 18% in FY14E and this is much higher than peers’ average FFB growth of 10%.

Change to Forecasts FY14E earning is increased by 2% to RM204m while FY15E earning is raised by 3% to RM214m as we assumed lower general cost.

Rating Maintain OUTPERFORM TSH is still undervalued as it is only trading at 13.2x Fwd. PE despite spectacular earnings growth potential of 43% in FY14E.

Valuation We raised our TP to RM4.10 (previously: RM3.38) after applying higher Fwd. PE of 18x (from 15x) on higher FY14E EPS of 22.7 sen (previously 22.6 sen). Our new valuation of 18x has been upgraded to +1.0SD (from +0.5SD). The premium valuation reflects its good cost management and best FFB output growth potential.

Risks to our call Lower-than-expected CPO prices and FFB growth.

Source: http://klse.i3investor.com/servlets/ptres/21455.jsp

Posted by Firdaus Zaki > 2014-02-26 15:17 | Report Abuse

nice one..

Posted by chooheng > 2014-02-26 16:33 | Report Abuse

i like the last part, good cost management and best FFB growth..... a lot people haliluya on palm price...wa 2700 liao...wa2750 liao...wa2880 liao. this price already taken into consideration and sentiment already tuned for this type of news. hard to further influent the price even if someone would to yell look palm price 2999 liao. however huge gain from revenue without good cost management to bring up net profit margin, stil no use.

Posted by jinv9 > 2014-02-26 16:54 | Report Abuse

TSH Resources FY13 earnings double to RM153.1m (Update)
Updated: Tuesday February 25, 2014 MYT 3:30:03 PM

KUALA LUMPUR: Sabah-based TSH Resources Bhd's earnings jumped 98.7% to RM153.1mil in the financial year ended Dec 31, 2013 (FY13) from RM77.03mil in FY12 and proposed a dividend of 3.5 sen a share.

It said on Tuesday the profit after tax for FY13 was the highest ever at RM224.6mil, an increase of 132% higher than the core profit after tax of RM97mil a year ago.

"This spectacular result was achieved on the back of very strong growth in fresh fruit bunches (FFB) production in 2013 and reduction in production costs, in the face of lower crude palm oil (CPO) prices registered during the year.

"This record profit after tax was contributed by core profit after tax of RM139.3mil and investment disposal gain of RM85.3mil," it said. TSH said its revenue rose 3.3% to RM1.016bil from RM983.65mil.

The company said production costs were lower due to better efficiency. This saw gross profit margin rising to 30.6% in 2013 from 25.5% a year ago.

The gross profit margin improved despite a 15% lower average crude palm oil price of RM2,251 in this year compared to RM2,650 in 2012. The effective reduction in unit production cost has been very significant over the last one year.

TSH chairman Datuk Kelvin Tan said since 2008, TSH's FFB production had been growing on average at 34.4% per annum.

"With cash from the disposal of non-core investment in Pontian United Plantation Bhd, we have a stronger platform to accelerate our new oil palm planting and acquisition of primarily greenfield plantations.

"Almost 80% of oil palm plantation trees of TSH are now immature and young matured. These young trees will continue to fuel FFB production growth. Coupled with our on-going new planting, we believe that we can sustain a double digit growth in FFB production for the next five to seven years.

"In addition, we expect our unit production cost to continuously undergo downtrend as our FFB yield increases for the next few years," Tan said.

For Q4, 2013 the core profit after-tax jumped 53% to RM50mil from the core profit after-tax of RM32.7mil a year ago.

The core profit after tax was calculated after excluding non-operating items such as currency translation difference.

Its revenue rose 6% to RM278.15mil from RM216.81mil. Its earnings per share were 3.64 sen compared with 3.72 sen.

Source: http://www.thestar.com.my/Business/Business-News/2014/02/25/TSH-Resources-FY13-earnings-double-to-RM153m/