Now you know why long term fund secretly buying plantation stock while keep talking bad about plantation.

Palm oil soon to be esg friendly

https://www.thestar.com.my/news/nation/2024/02/18/malaysia-on-right-track-for-mspo-recognition-from-eu-says-fadillah

KUCHING: Malaysia is on the right track to obtain the European Union’s (EU) "green light” in the near term for the recognition of the Malaysian Sustainable Palm Oil (MSPO) certification scheme, says Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah, who is also the Energy Transition and Water Transformation Minister, said the EU leadership is expected to make the announcement by June at the latest.

Been calling that eu will soon give in to malaysia and indonesia as asean politcal power is much stronger now and eu had weaken tremendously.

If you look at tsh sgx chart above 0.315 (1.10) no resistance.
TSH SGX mthly chart already GC .
Its so easy to pull tsh from sgx when the time is ripe.
Once it cross over 0.315 or 1.10 .
Firework will start.
Sky is the limit

1.10 looks so weak

One by one plantation stock started monthly macd GC like Jtisia.
Bollinger Band Squeeze BO coming.
Jtisia went from 50 sen to 1.20 after Mthly GC
TSH likely will folow from RM1 to RM2.00
Tsh will follow soon.

Buffett's increase in holdings of Chevron and OXY (Occidental Petroleum), two oil companies*, shows that the demand for energy in the future is unlimited.NVIDIA's stock price soared above 700, and seven sisters in the US stock market drove this round of surge in US stocks .
Why doesn’t Mr. Buffett invest in Nvidia or AI-related stocks? Since we are already in the era of large models and artificial intelligence
Why investin the world's two largest energy companies?
The underlying logic is very simple, because the era of artificial intelligence has greater demand for energy and electricity. It is estimated that no one can predict how much this demand will reach.However, without the support of strong energy and electricity, it will definitely limit the development of artificial intelligence and computing power. Data centers distributed around the world consume a lot of energy. Nvidia’s super graphics cards consume a lot of energy.

Palm oil is now food/industrial/energy commodity.
It feed both human and industial and energy
needs.
If energy needs keep going up,
Palm oil needs will go even higher.

The United States has quietly completed its economic transformation
Data for 2023,
1.U.S. natural gas exports exceeded 91 million, nearly 100 million tons
2. grain exports reached 97 million tons, nearly 100 million tons.
3.Arms exports exceeded $238 billion,
4.Oil exports reached 4.2 million barrels per day, 200 million tons.
All the above four items are ranked first in the world.
In addition, about US$4 trillion in U.S. debt is sold to the world every year.

No wonder commodities price need to remain high.See US is secretly changing revenue to commodity based from tech base as China will break the west monopoly in future.

Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple.
Added commodity stock chevron.
What signal is he giving?

Every 10 to 15 yrs.
There will be major breakthrough in palm oil technology.
Follow by big rally in plantation sector.
Almost time .

https://bnnbreaking.com/tech/mpobs-palm-oil-innovations-revolutionize-animal-feed-production-and-boost-economic-benefits

Who say palm oil no technology involved?

https://www.nst.com.my/news/nation/2024/02/1013315/johari-urges-private-sector-work-palm-oil-board-commercialise-technology

Agriculture commodities is in oversold region.
Agriculture had corrected almost 50 to 70% from their top.
Palm oil is going towards 4200 again.
Wheat,corn and soybean oil had found their support and is hugely oversold.
Ta wise their trajectory will be going back up again.


Going forward, agriculture will get stronger as fed is going to cut rate minimum 3 x this year in a few mths time .

Any correction is time to add.

www.tradingview.com/chart/ZW1!/c2IC21ir-ZW1-Wheat-Futures-Capital-Rotation-To-Commodities/


Looking at risk on assets they have made quite the advance into old highs and some all time highs while many commodities are reaching old lows and past long term support levels.

When looking at these charts technically we can see wheat futures have retraced 75% of its last advance and currently sitting on the last real support resistance flip. Many other commodities such as corn, and soy are sitting in the same position.



www.tradingview.com/chart/ZW1!/cvFdI3YN-The-weakness-of-ag-commodities-that-can-be-turn-into-their-power/

https://www.moomoo.com/community/feed/economists-warn-that-a-liquidity-crisis-may-erupt-in-march-111765735276549
Economists warn that a liquidity crisis may erupt in March. Is the end of QT imminent?

https://www.moomoo.com/community/feed/the-impending-early-rate-cut-why-the-market-believes-the-111770812416005

Analysts point to several signs suggesting that a Fed rate cut may be imminent. On one hand, rising financial instability risks are causing market concerns and necessitating a rate cut to relieve liquidity pressures. On the other hand, the Fed's record-setting losses may take up to four years to recover from, while surging fiscal deficits and heavy interest burdens necessitate early rate cuts. In addition, some economic recession signals are already flashing red, which could undermine the foundation of maintaining higher rates for longer.

Fed can continue to drag higher for longer.
The longer it drags, the worse the liquidity crisis.
Let see how long powell can drag .
Let see some liquidity firework starting in march. Already we see bank exploding in January.
If the employment is so good ,salary is increased and Inflation is near 2 %.
I think the last thing the fed would do is to destroy a booming economy by releasing a liquidity crisis caused by high interest rate.
Higher for longer doesnt work now

Everyone waiting for T3 to buy TSH?
Seems correct to redirect jtisia to TSH.
Hopefully can double Jtisia profit on TSH.

Judging from Treasury bond trading and the Fed's losses, March is the deadline. If the economy is good, the Fed will not lose money and there is no need to shrink its balance sheet. Even when the balance sheet was reduced, it still suffered a loss of hundreds of billions of dollars. This loss did not refer to a floating loss on the book. If interest rates are not cut in March, any floating losses that are not recorded on the books will turn into actual losses. There is a chain reaction. A national debt liquidity crisis will erupt. This is a complete global economic recession.

So the earliest to cut rate is march.
The latest is also march.
Be prepared to see bank exploding again going into march.
If Fed do not cut in March.
Be prepared for hard landing.

TSH is building 4-5 biomass plant.
Probably why plantation is slowly going uptrend on monthly chart.
Long term fund is expecting this biomass trend going forward.
Termed as GAME changer....
https://www.klsescreener.com/v2/news/view/1271993/tapping-biomass-potential

Tapping biomass potential

THE time is ripe for Malaysian palm oil producers to seize the untapped the potential found in the biomass industry, which is set to be a game-changer for the country in the coming years.

The country's palm oil industry churns out millions of tonnes of oil palm biomass yearly which that can be turned into hydrogen by breaking down the carbon and hydrogen molecules.

This transformative venture is poised to materialise within the next three years, propelled by several preliminary attempts between Dongguan University of Technology and the Malaysian Palm Oil Board (MPOB). The effort presents a golden opportunity to convert this abundant waste into hydrogen.

www.businessinsider.com/black-swan-nassim-taleb-us-debt-death-spiral-government-spending-2024-1

'Black Swan' author Nassim Taleb says the US is heading for a debt 'death spiral'

----------

Let me recommend a solution.

Double your debt by 2 x to 50 trillion.
Spend them asap for physical assets and commodity.
Texas declare secession and become ndependant nation.
Followed by California. Join by other states.
USD peg to hard commodity like oil, soybean oil or gold etc.
No more USA.
All debts zerolised.
After dust settle.
New capitol in Texas or California.
rejoined by other states.
Rename USB.
Reuse USBD as currency.

Technology index is poised for a monthly bolinger band breakdown.
If you want save your investment stay out of tech.
Future looks bleak.
Majority of long term fund almost liquidated their position after selling for past 2 years.
They are not obliged to support the sector already.

Plantation is the reverse.
Slow accumulation in process for the past 2 years in stealth mode.
Poised for BB squeeze break out on monthly.
Future is promising.

Which Plantation company is growing by 30% in cultivated land now? And got 50 % spare land to grow?
IF expanding by 30% cultivated land doesnt warrant 30% increase in stock price then there is no logic to investment at all.

Invest 10 million now and get a least 3 million return with dividend in a few yers when the plantation turn harvestable.
Is this a scam ? I think most of the investor will think it is.
As TSH stock price doesnt reflect the growth.

FCPO will go towards 4200 after this profit taking and correction.

https://www.thestar.com.my/business/business-news/2024/01/30/tsh-land-sales-to-lead-to-solid-growth

TSH Resources Bhd will embark on new expansion after a selective divestment of land that brought about minimal net gearing for the plantation group, says Kenanga Research. According to Kenanga Research, TSH should still have 60,000 ha of land left with only 40,000 ha planted with oil palm.

“The group has started work to expand its oil palm area by another 20%-25% within the next two to three years. It is also studying carbon market opportunities following its secondary listing on the Singapore Exchange (SGX) Mainboard,” said the brokerage firm in a report yesterday.

https://my.linkedin.com/jobs/view/general-manager-business-development-solar-at-tsh-resources-berhad-3807481369

Working hard on solar business . Building solar farm for Green Tech Park ?
General Manager, Business Development (Solar)
TSH Resources Berhad Kuala Lumpur

Responsibilities:



Develop, explore and implement a comprehensive business strategy for the solar energy division, aligning with the overall corporate objectives.
Conduct market research to identify trends, potential partners, and business opportunities in the solar energy sector.
Identify, negotiate and engage with potential solar energy partners, including solar companies and technology providers.
Collaborate with internal stakeholders, project teams, and external partners to ensure the timely and efficient execution of solar energy projects.
Stay abreast of regulatory requirements and incentives related to solar energy projects in Indonesia & Malaysia.
Ensure compliance with all relevant permits, regulations, and standards.
Identify potential risks and challenges associated with solar energy projects and develop mitigation strategies.
Implement risk management protocols to ensure the success and sustainability of solar ventures.
Qualifications:

Bachelor's degree in Business, Engineering, Renewable Energy, or a related field; Master's degree preferred.
Proven track record in business development, with a focus on renewable energy, preferably solar.
Extensive experience in project management, including the planning and execution of large-scale energy projects.
Strong network and connections within the solar energy industry.
In-depth knowledge of regulatory frameworks and policies related to solar energy in Indonesia.
Willing to travel outstation and overseas to meet suppliers, customers and project sites
Exceptional presentation and communication skills, both verbal and written, in order to express technical and non-technical concepts clearly and concisely
Strategic thinker with the ability to identify and capitalize on business opportunities.

How can TSH real NTA above 6 be trading at rm1? When super inflation on land price still not factor in to the share price after so many years?

MKHOP got a 45,000-acre land near Nusantara is recently valued at 1.2 billion . already more than TSH market cap?

https://www.klsescreener.com/v2/news/view/1262725/%E6%9B%BE%E8%B4%B5%E7%A7%8B%E7%82%B9-%E6%B2%B9-%E6%88%90%E9%87%91-%E7%BE%8E%E6%99%AF%E6%B2%B9%E6%A3%95%E5%86%B2%E4%B8%8A%E5%B8%82

In 2008, Tsang invested RM400 million in the hard-won land, planted oil palm in just three and a half years, and patiently cultivated it for another ten years to finally turn a vacant land into a high-yield oil palm plantation, and even repaid the RM400 million loan two years ahead of schedule because of the bumper yield.

The land, which was originally purchased for RM400 million, is currently worth RM1.2 billion according to the latest valuation by the appraiser, and MKHOP is also actively preparing to go public.
-----
(Meaning he started with 0 and paid off the 400 million loan 2 yrs early, if he disposed the land now he make a profit of 1.2 billion !!! Already beat numorous stock in BURSA and growth stock like Tech. Who say plantation has no growth?

Same with TSH already paid off the loan and now sitting with free land worth several billions !)

Like i said b4, If KLCI is to reach 1700.
Plantation index have to reach 9k .
1st foreign fund start buying to 8k, then follow by institution to 9k.
Push above 9k retailer flocking in.
B4 these local fund keep pressing down and talk bad about plantation .

Very good.
Weekly Bollinger band squeeze breaking out ! Following by Mthly MACD GC.
Good sign. Last two time wkly squeeze break out TSH rally by 50 to 80%.
As usuall rm1 no one buying.
Everyone start chasing after 1.30
Nusantara 1st phase completing with airport coming.
But no one buying.
HSR still light years away from completion already overheated.

When commodity go on up trend for the next decade and those massive project like HSR start overblow their cost....
Those investor probably will be holding their construction and property stock at decades high.

Let c can close above 1.10 today and close the wk above 1.10 as well.

Like i warn before .Civil war drum rising in Us.
War n more war.
Now fed can cut Interest rate cut .
Commodity rising .

Jtisia went up from 65 sen to 118 (almost 80% since mthly macd cross above 0 in june 2023.

What will happen when TSH cross Mthly macd Golden cross above 0 in feb? from rm1 to 2 ?
Coincidentally TSH last Bollinger band squeeze break out and MACD monthly move above 0 happened in Feb 2022.
So i sold Jtisia and bot more TSH.
Going buy more if any correction.

FCPO break above 4k as expected.
Commodity market is warming up to rate cut .
since FED think inflation is at 2% now ( although i disgree but u cant argue with the boss) and it means cpo ihad already found its bottom price at 4k now.
All commodity had found it bottom now since Fed declare 2% target reach.
Becareful of sector like property, infra and construction as commodity affect bulk of their profit.

I sold jtisia n bot more tsh.
Jtisia had no monthly bolinger band squueze breakout.
The run might be loosing steam.
It is reaching triple top on mthly chart.
I wont take risk here.
For tsh mthly bb squeeze is much tighter.many had been washed out.
Imminent break out coming.

Dun follow can be wrong.

Weak and contra going out to more crowded place. very good sign.

TSH provides very good liquidity for bigger fund and rich investor.
They can move in and out with ease.
Imagine they gonna buy other low liquidity plantation stock and throw in 10 million.
The price will go high up in the sky and not good for them. Likewise if they want to divest.

Mthly uptrend still intact.
Fundamental and price is in divergent.
Gonna issue 32 sen new share to Evermix boss and he will become new major shareholder.
Now price is 50 % discount to 32 sen.
How can price be lower than new major shareholder issue price by 50%?
More likely is more than 50% of 32 sen instead.
Fa and logic does not support current price.
TA must follow sooner or later.
New major shareholder = new play.

TSH is not best stock. But it is a good fundamental stock.
Why so much negativity. Many poeple think this is a trash stock. Thats what interest me.
When there is divergent there is opportunity.

TSH is not so favoured in the past due to some reasons

1. Insane condemn relentlessly for personal reason. Most retailers will avoid this counter .
Then who is buying in big tickets recently? Definitely they bought for some long term reason as wkly and monthly chart already show reversal sign and breaking out imminent.
Thus they must have known of any short term blip or bad news like production drop (probably due to flooding).
Then why are they still buying so much. Any short term blip is always good to flush out contra and weak investor.

2. Dividend yield. /Retailers and long term fund love dividend. So likely they will choose high dividend plantation counter.
If a plantation counter keep paying high dividend it might mean they have limited fund for replanting and acquisition. If they also servicing high debts mean they have limited chance for acquisition for growth.
No replanting will cause future susutainable in revenue and no acquisition means no much growth.
So it might signal you may be paying a current historical high price for their limited growth future.


Tsh is utilizing their cash these past few years for

1. Automation. this increase future profitability and these will be reflected gradually in future as it is not a one day process since this is a big company.
2.Replanting. TSH got a lot of spare land for replanting . TSH now have plently of spare cash for replanting as well. Replanting need alot of spare cash not many plantation enjoy that. This assured investor their revenue is sustainable and will ensure growth as well.
3. Acquisition. TSH reserve a lot of cash and will have no problem making acquisition for future growth.TSH is also net cash soon and will have no issue to borrow from bank or raise capital from Bursa or SGX.
4. Buidling 4-5 biogas plant and solar project. Everyone knows there is a increasing trend in power tariffs. Especially green power fetch a even higher price.
This investment will buffer them from future rising cost and also gain additional profit when sell back to power grid. ESG rating will be better as well.
Looking around how many plantation company are building so many biogas plant?

Since TSH going to net cash soon.
So they might increase their dividend yield in future.
Then current price will be the a cheap price when you look back in future.

https://themalaysianreserve.com/2024/01/25/golden-agri-resources-and-verborg-group-forge-strategic-partnership-for-tropical-oils-supply/

Holland buying lots of palm oil.
Europe say dont want palm oil but action speaks louder than words!
With soybean oil out of market due to red sea problem.
They need more palm oil for replacement.
They want sustainable palm oil.
Good news for big company with sustainable practice.
Bad news for small planters as most of them do not.

Why i like TSH
Insanely cheap and super unvervalued.
Insanely condemned (best point)
Boss is a very filial son to his parent . This type of boss won't con you.

Invest in Plantation stock is like buy property.
Get rental and enjoy the value appreciation over long term.

If tsh can generate 1 billion revenue per annum.
it can at least generate 20 to 30 billion for the next 20 yrs.
Why is it only valued at 1.3 billion now.
Current planted land mass is only 50% of its total land mass.
So why a 30 to 60 billion potential revenue generating business over the next 20 yrs is only valued at 1.3 billion now?

If TSH able to give only 30% of profit as dividend.
30 billion x 10% margin = 3 billion x 30% = 900 million
u will be getting didivend over 70 sen and that is not considering any windfall profit or higher profit along the way.
Basically rm1 now is risk free.

If cpo at 4k yet production yield is dropping.
It mean 4k is not a high price that will kill high price.
Meaning current price is too low to grow production so it can only go higher until it find a higher price that can boost production.

Plantation index hit 9000 point when palm oil is at 4k in 2011 that is the resistance until now.
Now the 4k resistance is almost turning to support hence plantation index will break 9k point in the future.
Remember all the lagged index like utitlites ,property and construction already run a lot and some even break previous high.
It will rotate to plantation as it had not break previous high and not even started running high even though fundamental like CPO price and Land Value had changed drastically higher.
Most plantation company like TSH still carry land value at super cheap old book value .
TSH NTA shld be around 6 to 7 if revalued.

Phillips 66 PSX is on the verge of launching its Rodeo Renewed plant, a revolutionary renewable diesel facility in Rodeo, CA.

The significant step forward comes after successfully navigating a comprehensive environmental review, marking a milestone in the company’s transition from traditional oil refining to renewable fuel production.

Phillips 66’s Rodeo Renewed project is poised to become the world’s largest renewable fuel production facility upon completion. This ambitious project is expected to significantly reduce the facility’s greenhouse gas emissions by 50%, as it ceases to process crude oil. The facility’s conversion aligns with broader industry trends toward renewable energy sources and reflects growing environmental consciousness in fuel production.

The Rodeo Renewed plant represents a significant shift in energy production toward more sustainable practices. Phillips 66’s initiative is a response to both regulatory pressures and market trends favoring renewable energy sources. While the project promises substantial environmental benefits, it also highlights the ongoing challenges and complexities involved in transitioning from traditional fossil fuel sources to renewable energy.

soybean oil had reach bottom and wkly gc is coming.
Monthly double bottom formed.
Palm oil will cross 4k soon as soybean oil march toward 60 again .

TSH can make decent profit at price around 3200 to 3300 k base on recent qtrs.
Going forwatrd above 4k to 5 k.
You know how much every rm100 increase will bring?

Soybean Oil Rises With More US Demand Forecast for Biofuels.

The HUGE philip 66 world largest biofuel plant will be operating in a few weeks.

The Phillips 66 facility in Rodeo, California, has received environmental approval to start operating soon, a Zacks report said. That pushed most-active soybean oil futures up 2.7%, the biggest daily advance since. Dec. 7.

The plant — a former crude oil refinery — will use waste oils, fats, greases and vegetable oils to produce an initial 800 million gallons of renewable fuels per year, including renewable diesel, renewable gasoline and sustainable aviation fuel, according to the company.

“This is a big project,” said Victor Martins, Latin America risk manager at brokerage Amius Ltd., and is an indication of more demand for soy oil in the US. Palm oil and crude oil futures also advanced on Monday.

Both soybean oil and palm oil found their bottom on monthly chart.
Soon FCPO will be above 4k

https://finance.yahoo.com/news/china-corn-prices-tumble-three-042452394.html

Effect of Nusantara radiates thru whole ASEAN region.
Nusantara is new future Capitol .

JB cannot compare.

TSH finishing Monthly MACD correction above 0.
GC in feb soon.
Continue Monthly uptrend towards rm2 in 2024.
Fire element is indeed good for Earth element plantation.
Do not wait until Nusantara complete its 1st phase then buy.
At current price Nusantara is not priced in at all.

Wall Street’s Call to Diversify into Commodities as Inflation Figures Redefine Market Expectations

According to their 2024 outlook reports – a long list of Wall Street banks have raised their price forecasts for the year ahead and are advising their clients to shift away from Stocks and Bonds and diversify into Commodities for 2024.

JP Morgan, Citigroup and Goldman Sachs believe the risk-to-reward in Equities and Bonds is now heavily skewed to the downside. While on the flipside, Commodities look much more appealing and present the most attractive risk-to-reward heading into the end of the year and 2024.

Last week, a normal week for markets became something extraordinary after the closely watched Consumer Price and Producer Price Inflation figures gave traders a greenlight to declare that the Federal Reserve’s fight against inflation was finally over.

U.S Producer Price Inflation cooled off in October, reversing a three-month trend that had seen the cost of energy push up prices. The Producer Price Index, fell 0.5% on a monthly basis – its largest monthly drop since April 2020.

Meanwhile, a day earlier, U.S Consumer Price Inflation also fell more than expected to 3.2% in October – the first decline in four months.

The Fed held its benchmark interest rate steady at a 22-year high this month. Traders had put the likelihood of another rate hike at 30% just before the PPI and CPI releases, but by Wednesday that had been priced out altogether. Instead, they moved to ratchet up the likelihood of a cut, with the prospect of a cut by March soaring from 23% on Monday to 86% by Wednesday’s close.

Anticipating Record Highs in Commodity Prices Amidst Shifting Rate Cut Expectations

Right now, we are seeing the market narrative rapidly shift away from “higher-for-longer interest rates” to “bigger-than-expected rate cuts in 2024”.

As traders know – “the bigger the rate cut, the more bullish it will be for Commodity prices”.

If history is anything to go by, then this new shift in narrative almost certainty sets the stage for Commodity prices to hit new record highs in the coming weeks and months ahead.

According to UBS, the Fed will start cutting rates as soon as March, on the expectation that the U.S economy will slide into recession by the second quarter. This in turn will prompt the central bank to cut rates by 275 basis points next year, with the terminal rate plunging to 1.25% by early 2025.

The big question now is when will the Fed start cutting interest rates?

The physic in commodity world is , kill high price with higher price.
But biden try to kill high price with low price using interest rate.
So it will result in even higher price.
Please obey the law of physic

If biden win for 2nd term.
Prepare all commodity to fly high because he doesnt care anymore .
All hard tactic by him to press down commodity prices will open the door for super inflation.
This will leave a big mess for opposition win next term as planned.

See soybean oil is at double bottom of monthly chart.
And cant go down much further.
when both palm oil and soybean oil found their hardest bottom.
Whats next?

Why so many investor want to invest in those lapsap counter?
Because they cannot tolerate slow win.
They want fast win and fast win follow by fast lose. You got no time to respond.
Slow win mean slow lose u got time to respond.
Warren Buffet taught slow earn is the secret to success.
Even you buy most undervalued plantation stock and keep for 10 years.
You will find that your investment grow slowly over time with dividend and capital.
No need heart attack day and night.

If you want play play for fun in those punter counter for entertainment then no problem

中国等国大举购买美国农地 具体数量不明确

https://www.klsescreener.com/v2/news/view/1265407/%E4%B8%AD%E5%9B%BD%E7%AD%89%E5%9B%BD%E5%A4%A7%E4%B8%BE%E8%B4%AD%E4%B9%B0%E7%BE%8E%E5%9B%BD%E5%86%9C%E5%9C%B0-%E5%85%B7%E4%BD%93%E6%95%B0%E9%87%8F%E4%B8%8D%E6%98%8E%E7%A1%AE

Why buy so much. Many sifu say plantation no future.

https://www.thestar.com.my/business/business-news/2024/01/18/indonesia039s-biomass-consumption-target-in-2024-nearly-triples

TSH going to build 4 to 5 in future. YTLpower got clean energy.
TSH also got many clean energy power plant in future .
Most likely near to the Kalimantan Greentech park which they sold to the Indonesia government.
Now you see the synergy?
And why TSH is not paying as much dividend as other4s?
They need a lot of fund to expand.

Further boosting its operations, HLIB said, TSH will expand its renewable energy efforts into Indonesia by investing in four to five biogas plants over the next few years.

Just get ready for 4300 in a few mths time.

SGX no movement for 2 days....even bursa bloodbath. No effect over there.
Here so panic. If SGX no drop here cannot drop more btw.
IF you want drop further , u must sell down there as well.

SGX TSH still at 0.285 x 3.51= rm1.00