PublicInvest ceases coverage on TSH Resource due to slow growth, sluggish FFB yield By Faiqah Kamaruddin May 21, 2024 @ 11:02am
KUALA LUMPUR: Public Investment Bank (PublicInvest) is ceasing its coverage of TSH Resources Bhd due to the company's limited growth prospects and sluggish fresh-fruit bunches (FFB) yield. The firm said it is reallocating its internal sources to other sectors.
Investors should no longer depend on any of our financial forecasts for TSH Resources in making investment decisions, nor infer any adverse opinion as a result of our decision to cease research coverage," said PublicInvest.
In a research note today, PublicInvest said FFB production growth is anticipated to be subdued this year due to the sale of plantation assets in Indonesia and Sabah (13,214 hectares) over the past two years.
"Additionally, the average age of the plantations is increasing (currently 13.4 years old), and FFB yield remains low due to insufficient replanting activities in recent years," PublicInvest said.
👉👉See my posts in TSH ..insiders n related parties keep Disposed shares .
@calvintaneng ..... i salute ur relentless pursuit of tsh, as one of the main shareholders i guess its just the right thing to do :-) but why u say tsh pare down loans of or to RM1.5b?? their balance sheet only shows RM218m in borrowings? PERx is still high lah at 19x for plantation company, try to increase yield and profits first lah..... later talk about land sale. Just imagine is airasia promotes its shares by saying that it makes money from selling planes, well while it can sell planes an dmake profit, the share price is determinant on its ability of raise profits from ticket sales..... like that loh, tsh needs to prove itself from selling palmoil rather than land..... the latter is just bonus when it comes by :-) cheers buddy
YAWWWWWNNNNN🙄 If stuck here, clean-shaven can turn into brad pitt BEARD...My recent recommendation to clients MUI Properties is FLYyiiinggg!😁 It's obvious many Sinkies have bought lots on the SGX & looking for dumbos to push higher....unfortunately, 1,381 MILLION tickets susah sangat!!! Even major holder kelvin tan GAVE UP!!!
I've been playing MUIPROP since 2013...Bought 17.5c, SOLD 48c in 2014, re-entered 18c in 2020, SOLD 49-50c in Aug '20, then this year. How many rounds have YOU made, Jurong west HDB dweller?🙂
There are so many better stocks than TSH. Don’t waste time here. Have a diversified portfolio with a bag of stocks better than putting a huge sum on this dead stock . One day it might rise but how many 10 years do we all have ?
Ya right. Small heart blame other as if their are fool. C what he said about bank stocks last time? He tell yall to go in tsh instead of bank wor. More than 3 years he promoted tsh, but it aint goes up instead , drop from ath since 2022. C bank stocks, all went up min30% with 6% divident rate.
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....
calvintaneng
56,242 posts
Posted by calvintaneng > 2 months ago | Report Abuse
Avoid Jaks
Jaks owner rewarded himself with lots of free shares
Tsh bosses bought Tsh with their own hard earned monies