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Top News In Tsh Resources Today - Breaking & Trending Today
KUALA LUMPUR: Stocks that saw recent corporate news flow include Top Glove Corp Bhd, Serba Dinamik Holdings Bhd, TSH Resources Bhd, Chin Hin Group Property Bhd (CHGP) and Velesto Energy Bhd, according to JF Apex Research. ....
KUALA LUMPUR: TSH Resources Bhd’s 90% owned subsidiary, PT Bulungan Citra Persada (BCAP) is disposing of seven pieces of agricultural land in Kalimantan, Indonesia for RM678.97mil cash. ....
KUALA LUMPUR: RHB Research has a Buy call on plantation company TSH Resources Bhd with RM1.25, which is a 16% upside, while it increased the FY20-21F earnings by 1%-2%, after imputing new fresh fruit bunches (FFB) revisions, capex and in-house forex assumptions. It said on Wednesday the RM1.25 was based on 16 times FY21F P/E for its upstream division, and 0.5 times price-to-book value (P/BV) for its other divisions. “Our TP implies an enterprise value/ha of US$12,000, in line with its peer range of US$10,000 to US$15,000/ha. We believe valuations remain undemanding, as TSH is trading at 17 times P/E (within the small-cap peer range of 11 to 18 times), while FFB growth and earnings prospects remain solid. ....