@calvintaneng .... just to know what is your day job buddy? You have been promoting TSH and oilpalm counters from as far as i can remember, whats your stake in this? you need to come clean..... why all these efforts just sticking to one sector? Why not change sector as to the time and trend?
In year 2018/9 Petronas Pumped Rm30 Billions into Ogse upstream capex
Calvin picked Carimin (currymee) at 39 sen, Penergy, Uzma, Dayang and others After promoting Carimin at 39 sen it even dropped to the low of 21.5 sen as results for several qtrs were poor. Then one day i think Carimin showed a 5 sen profit and there it powered up to Rm1.48 up almost 500%
The sign is every lacklustre qtrly result , buyers will be slowly eating up the weak tickets. Then end up higher later post result. Basically Tsh is not running on result anymore. Why there is still buying on poor result and bad news ? Out of msci, buying up. Poor result buying up. No idea why is it so.
PublicInvest Research TSH RESOURCES - Ceasing Coverage
PublicInvest
Publish date: Tue, 21 May 2024, 10:48 AM
TSH Resources reported a headline 1QFY24 net profit of RM25.2m (YoY: - 33.6%), mainly dragged by lower FFB production and losses from other segment. No dividend was declared for the quarter. Management expects CPO prices to hover at current level of RM3,800/mt while FFB production is expected to stay flattish this year. Given limited growth drivers amid sluggish FFB yields expected, we are ceasing coverage on TSH as we also redeploy our internal resources to broaden coverage on other sectors. Our last call on the stock is Neutral with a TP of RM1.02.
1QFY24 financial performance. The Group reported a lower revenue of RM242.4m, down 3.2% YoY, largely due to lower FFB production despite higher CPO prices. Meanwhile, bottomline tumbled 33.6% YoY to RM25.2m, dampened by plantation earnings (-9%) and widened losses of RM3.8m under the other segment due to weaker wood sales. Excluding the impact of negative movement in fair value adjustment of FFB amounting to RM4.7m, the plantation earnings would have been flat compared to 1QFY23. Average CPO prices improved from RM3,555/mt to RM3,587/mt while FFB production slipped 1% YoY to 196,566mt.
Limited growth drivers. FFB production growth is expected to be muted this year due to the disposal of plantation assets in Indonesia and Sabah (13,214ha) in the last 2 years. Meanwhile, age profile is also inching uptrend (current: 13.4 years old) while FFB yield remains sluggish given the lack of replanting activities in the past.
Dragged by hefty CPO export tax in Indonesia. Due to current unfavourable CPO export tax policy in Indonesia, TSH incurred sizeable CPO taxes when it exports its CPO products out of the country. During the first quarter, it incurred lower Indonesian export levy of RM20.3m compared to 1QFY23’s RM26m.
Ceasing coverage. Investors should no longer depend on any of our financial forecasts for TSH in making investment decisions, nor infer any adverse opinion as a result of our decision to cease research coverage.
The sign is every bad news out is buy up.Proven again. They are buying every possible weak ticket before huge break out in 2025. Where yearly kdj line golden cross. Yearly kdj line golden cross , you know it mean a minimum 100% gain. Last time tsh kdj yrly gc ,it gained 400% in 4 yrs. You still got few mths more to buy. Nov to dec will be busy mth for yrly breakout.
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....
Johnchew5
11,339 posts
Posted by Johnchew5 > 2024-05-21 12:10 | Report Abuse
Oh see my posts replied Conartist Callvin that he Missed the 2020 Glove Opportunity as he is too busy promoting NFCP theme on Netx ,
saying here Bodo editor ( financial) , resimier and ppl …
.. Singapore glove’s company price is Up higher than here .. what what Malu-sia lah ..