Bursa Alert
Global Market
NewsKenanga: TSH Resources an 'outperform'
Page 1 of 1
Kenanga: TSH Resources an 'outperform'
by hlk Wed 06 Jun 2012, 13:10
Kenanga Research started Malaysian plantation firm TSH Resources Bhd
with an outperform call on expectations of strong palm oil output
growth and higher production efficiency.
Kenanga
pegged a target price of RM2.50 (US$0.78) per share on the plantation
firm, which it called one of Malaysia’s most efficient planters.
It
also said it positive on TSH’s steady FY2012-2013 fresh fruit bunch
growth of 19-25 per cent. The company has yet to utilise 69 per cent of
its total plantation land, according to Kenanga.
“TSH’s key
earnings catalysts are better than expected crude palm oil prices and
higher than expected fresh fruit bunch growth,” said Kenanga in a
research note to clients.
Kenanga said immediate risks faced by TSH include a sustained drop in
crude palm oil prices and unexpected hikes in fertiliser and labour
costs. -- Reuters
with an outperform call on expectations of strong palm oil output
growth and higher production efficiency.
Kenanga
pegged a target price of RM2.50 (US$0.78) per share on the plantation
firm, which it called one of Malaysia’s most efficient planters.
It
also said it positive on TSH’s steady FY2012-2013 fresh fruit bunch
growth of 19-25 per cent. The company has yet to utilise 69 per cent of
its total plantation land, according to Kenanga.
“TSH’s key
earnings catalysts are better than expected crude palm oil prices and
higher than expected fresh fruit bunch growth,” said Kenanga in a
research note to clients.
crude palm oil prices and unexpected hikes in fertiliser and labour
costs. -- Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Kenanga keeps 'outperform' for Redtone, TP at 77 sen
» Kenanga ups Astro to 'outperform'
» (4588) Kenanga raises UMW to ’outperform’
» Kenanga ups Bursa Malaysia to outperform
» Sapura Kencana an 'outperform': Kenanga
» Kenanga ups Astro to 'outperform'
» (4588) Kenanga raises UMW to ’outperform’
» Kenanga ups Bursa Malaysia to outperform
» Sapura Kencana an 'outperform': Kenanga
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|