Highlights
KLSE: TSH (9059)       TSH RESOURCES BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
1.02   +0.02 (2.00%)  1.00 - 1.03  774,600
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Overview

Market Cap: 1,409 Million
NOSH: 1,382 Million
Avg Volume (4 weeks):1,285,855
4 Weeks Range:0.99 - 1.11
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.90 - 1.89
52 Weeks Price Volatility (%):
12.12%
Average Price Target: 1.55
Price Target Upside/Downside: +0.53

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  23-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  24-May-2023
T4Q P/E | EY: 3.04  |  32.84%
T4Q DY | Payout %: 10.28%  |  31.31%
T4Q NAPS | P/NAPS: 1.3764  |  0.74
T4Q NP Margin | ROE: 40.24%  |  24.34%

Headlines

Date Subject
13-Mar-2023 Plantation - Inventory Dips MoM On Weaker Output
07-Mar-2023 Plantation Sector: 4Q22 Earnings Review - A Mixed 4Q22, with Challenging Outlook Ahead
24-Feb-2023 TSH Resources - Earnings Below Expectations
24-Feb-2023 TSH Resources - Dragged by Weaker CPO Prices
24-Feb-2023 TSH Resources - Stronger balance sheet
24-Feb-2023 TSH Resources - Dragged by Lower Palm Product Prices
13-Feb-2023 Plantations - A Weak Start
13-Feb-2023 Plantation - Weak Export Swells Inventory
02-Feb-2023 Technical Buy - TSH (9059)
30-Jan-2023 TSH Resources - To swing into net cash in FY23F
16-Jan-2023 MQ Market Updates - 16 January 2023
16-Jan-2023 TSH Resources - Balance Sheet to Strengthen Further
12-Jan-2023 Analysts Neutral on Plantation Sector, See CPO Price Ranging From RM3,500-RM4,000 in 2023
11-Jan-2023 Plantation - Little Surprises Save Good Dec Output
28-Dec-2022 Daily Market Update - 28 Dec 2022 (TSH, RENEUCO)
14-Dec-2022 Plantation - Defensive But Lack of Catalysts
14-Dec-2022 Plantation - Flattish 2022 Output In Sight
01-Dec-2022 陈顺风挑战RM1.30/敏源
24-Nov-2022 TSH Resources - Affected by lower price and higher costs in 3QFY22
24-Nov-2022 TSH Resources - 3QFY22 Results Review

Business Background

TSH Resources Bhd owns oil palm plantations, mills, and forest areas in Southeast Asia. Crude palm oil and palm kernel are extracted from the oil palm plantations. The products are transferred to a mill and processed into ready-to-sell products. Additionally, one branch of the business focuses on generating and supplying electricity from a biomass plant. The forest areas are cultivated to manufacture and trade wood products. Reforestation becomes an integral part of the process to safeguard against shortages. Furthermore, the company will manufacture, sell, and trade cocoa products. Its processing facility primarily produces cocoa butter.
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  11 people like this.
 
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Similarly, NETX, the favourite company invested heavily by calvintaneng. He sold 8 houses to plough recklessly into this, taking many others along with him too.

Netx was raising funds all the time. Netx had only a few staffs in the company and many were buying these new shares issued by Netx. If one were diligent enough to do the homework, many of these shares bought were eventually loaded off to the public not long soon after.

Only calvintaneng was harping that insiders were buying in Netx and this was good. Because he was "tunnel visioned" :-) and blinded by his enthusiasm and greed, he did not see what others saw and actually pointed out in the Netx forum many times.

The rest is history. calvintaneng lost his trousers and was swimming naked when the tide flowed out on Netx.
28/03/2023 4:36 PM
calvintaneng in year 2008 and 2021 both Tsh and Ijmplant went up to cross Rm4000

both Tsh and Ijmplant are identical as they got palm oil lands in Sabah, East Kalimantan and Sumatra

both got 6 palm oil mills and about same amount of palm oil lands

Tsh exceeded Ijmplant with these extras


1. it has 21.9% in Inno shares
and is in charge of Inno

2. it has a palm oil refinery in Sabah (50/50:jv with Wilmar)

3. Sabah Govt which asked Tsh to manage Inno also gave 300,000 acres timber land to Tsh as concession lands

Klk wanted to buy Tsh Nusantara lands but aborted then Klk rushed to pay Rm3.10 for Ijmplant

Tsh Director Lim Fook Hin thinks Ijmplant got a good deal from Klk

now if Ijmplant is worth Rm3.10 what is the real value of Tsh
28/03/2023 4:40 PM
calvintaneng the associations of Tsh

1. Sabah Govt asked Tsh to manage it's Inno estates

Inno is now the most successful Glc in Sabah

2. Robert KUOK Wilmar is in 50/50 Jv with Tsh in Sabah Refinery

3. Fong Siling or cold eye trust Tsh's management in investing in Inno until he emerged as Top 30 holders

Chairman of Tsh Tan Aik Siong is a director of Tsh and brother of Chairman Kelvin Tan

4. Public Bank Teh Hong Piow has 3 public Mutual Funds invested in Top 30 of Tsh

5. Morgan Stanley chose Tsh and Taann to be in the Msci Malaysia

two chosen palm oil among 42

6. Billionaire Thohir Garibaldi chose to partner Tsh in Palm oil business in Indonesia

7. above all Director Lim Fook Hin, Director Tan Aik Yong and Chairman Kelvin Tan are holding lots of Tsh shares (check it up in Annual Report)

all these are facts
28/03/2023 4:47 PM
calvintaneng Director Tan Aik Siong is now Chairman of Inno
28/03/2023 4:48 PM
calvintaneng Chairman of Inno was Kelvin Tan Aik Pen and he resigned to pay way for His brother Tan Aik Siong to be next Chairman of Inno while Kelvin took up chairmanship in Tsh resources

Through 2007 till now Datuk Kelvin Tan Aik Pen has made Inno into a great company

however

Chairman Kelvin Tan does not own inno shares (or insignificant )

He walloped over 330 Million Tsh shares with his life savings and more

he event went into margin to buy Tsh shares

of course Calvin does not encourage anyone to use margin

ask your selves this question

Why Chairman Kelvin Tan bought so much Tsh shares and not Inno?
28/03/2023 4:52 PM
calvintaneng we know Tsh owns 94700 acres of lands in Kutai at cost Rm5k per acre or only 13 sen psf

now Kutai is transformed into Nusantara the new admin capital of Indonesia

land prices have reached Rm10 psf as we type now and still going up
28/03/2023 4:55 PM
calvintaneng Rm10 psf still cheap as one day Nusantara will rise up to match Putrajaya

in Putrajaya you got to pay Rm50 psf or more

in s
28/03/2023 4:56 PM
calvintaneng In some bungalows enclave in Putrajaya land prices have crossed Rm100 or more psf
28/03/2023 4:57 PM
calvintaneng Great minds talk ideas
Good minds talk things
Weak minds talk people

Seek to associate with great minds and avoid weak minds unless you can do something to help them

If weak minds still insist on gossip about people then better avoid them

If life better avoid all contentious and quarrelsome people
28/03/2023 5:19 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ >>>>

OTB Calvin can share his stocks picked to everyone as a reference. We can select them and invest if we feel confident.

I do not like Calvin attacked many writers and recommended his stocks to override the writers. If he is good, I appreciate his sharing.

Most of the times, I check his stock selections, most of them are lousy stocks in term of fundamental. In term of TA, they are down trending. I just keep quiet because I do not like to attack any writer in I3.

Most of his actions are very irritating and he does not show any respect for others.

Hope he can improve after reading this posting. It is not an attack, I say it out sincerely from the bottom of my heart.

Thank you.
Ooi
25/11/2016 10:32 PM
>>>>
29/03/2023 8:25 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ https://klse.i3investor.com/servlets/pfs/47695.jsp?stockWhatIf=SCOMI

I googled soon to be delisted SCOMI and this link turned up.
29/03/2023 8:29 AM
Berlin @3iii; Thanks for the past links. Goes to indicate Calvin is a serial stock recommender through the years and a stock market addict with a strong streak of narcissism. He just cannot stay away. He needs constant adulation and to be proved right.
29/03/2023 8:55 AM
calvintaneng That was in year 2016
Otb said cannot buy Kulim at Rm2.50 because it was a down trending stock

Then Jcorp took it private at Rm4.10

Scomi went bankrupt we already know but Scomies still got Rm10 millions cash and will still be listed



29/03/2023 9:43 AM
calvintaneng Fcpo now Rm3700
Cost Rm2000

Gross profit Rm1700

Very few industries can make such good profits now
29/03/2023 9:48 AM
Berlin See Calvin's psycho mind at work here? Fcpo can fluctuate up and down according to market forces but cost remains at RM2000. Simple Calvin. Simply wonderful for planters.
29/03/2023 10:00 AM
Shootup mr calvin, do u remember how good u talked about scomies?

u said huge asset worth the value of share price traded that time about 40sen(as correct as what i can remember)

scomies collapsed, u totally dissapeared?

what made u so sure about scomies at that time??

we want to learn more about how u think, then we apply on tsh, we want to know how great mind thinks.. we need to consider seriously b4 buying... not follow u pump n dump modus operandi... and the beneficiary would only be you who bought in earlier, but never advise ur followers when u start dumping
29/03/2023 10:11 AM
calvintaneng Now please be reasonable

Peter Lynch said buy a basket of value stocks say 10

Even if a stock goes bankrupt and get delisted the maximum loss is 100%

But if out of 10 one or two outperform will more than make up
And upside for a stock is unlimited as it could go up like a 10 baggars or up 1000%

Why you don't go check up Calvin's great calls on Texchem, Bonia, Complete Logistic or Ancom which gone up 400% to 500%
29/03/2023 10:22 AM
calvintaneng There are many stocks taken private which are up as much as 200% like Super Enterprize from Rm1.25 to Rm3.80

Others are
The Store
Kulim
Tmakmur
Kbunai
Daiman
Ijmplant
Kwantas
Weida
TA Enterprize

Note:

Out of 10 above taken private 4 are palm oil shares

Kulim
Tmakmur
Kwantas
Ijmplant

Palm oil co with vast lands of great value are all candidates for privatisation

Tsh is a prime candidate as well
29/03/2023 10:30 AM
calvintaneng And top palm oil stocks are these

1. Tsh resources
Long term best Value

2. Jtiasa
Fastest growth story

3. Bplant
Best dividends beat all banks

4. Thplant
240,000 acres
Deep deep hidden valye
29/03/2023 10:54 AM
calvintaneng Thplant just like boustead, amprop, mmc corp is full of deep value
29/03/2023 10:56 AM
calvintaneng Taann

Great peace in Chinese

Tahan in Malaysia

All lands owned by Taann bought by sweat and blood in cash
29/03/2023 10:57 AM
calvintaneng Sop (Sarawak Oil Palm)
With over 300,000 acres maturing palm oil

Plus like others it has a property arm called SOP Properties

This one a great palm oil stock
29/03/2023 10:58 AM
calvintaneng Simedarby plant

World largest palm oil land owners

Great value
29/03/2023 10:59 AM
calvintaneng Taann gave 40 sen dividend which translates to more than 12% now

Very rock solid

Price goes any lower means dividend by percentage goes higher

Value of Values
29/03/2023 11:01 AM
calvintaneng Hs plant

A cash rich co with Rm505 million or 63 sen net cash

Can expect good dividends
29/03/2023 11:02 AM
calvintaneng Cost of Cpo production was Rm1400 and Cpo price was Rm2200 in year 2019

When Cpo crossed Rm5000 to Rm6000 range cost of production also gone up to Rm2500-Rm3000 range due to higher fertilizer cost and labour cost

Now Fcpo dropped back to Rm3700 and cost also dropped back to Rm2000

Now cost of production will come down further due to 3 factors

1. Natural gas down by 80% from Usd10.00 to only Usd2.00

Nitrogen fertilizer will be cheap

2. Opening of borders bring in lower cost labour

3. Automation cut cost and labour further
29/03/2023 11:06 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ >>>

Bizfuneng Guys, why blame Calvin if u flwed him blindly. Do ur own homework too. Recalled many guys flwed him on GSB previously which he promoted very aggressively and gone to Holland. What is the point for those guys pointing fingers at him blaming him taking them to Holland.....those poor souls as oni themselves to blame.
21/09/2016 5:20 AM

>>>>


calvintaneng = JohnMaster :-)

29/03/2023 11:27 AM
29/03/2023 11:30 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2017-04-17-story-h1450489839-ColdEye_bought_sold_GSB_Better_tell_ColdEye_to_buy_back_all_his_GSB_sha

29/03/2023 11:49 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ >>>>
THE INVESTMENT APPROACH OF CALVIN TAN
ColdEye bought & sold GSB? Better tell ColdEye to buy back all his GSB shares By Calvin Tan Research

calvintaneng
Publish date: Mon, 17 Apr 2017, 12:57 AM
>>>>>

https://klse.i3investor.com/web/stock/overview/9059#:~:text=https%3A//klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2017%2D04%2D17%2Dstory%2Dh1450489839%2DColdEye_bought_sold_GSB_Better_tell_ColdEye_to_buy_back_all_his_GSB_sha
29/03/2023 11:50 AM
DickyMe Great minds also twist and turn to manipulate the gullible for their selfish benefit.
They are called Conman.
29/03/2023 12:06 PM
kl_guy waiting for 96sen to pick up . worth holding long term .
29/03/2023 12:25 PM
SEERESEARCH2023 Cash rich also nothing to do woth u.
Why shall a boss who earn the money, share the profit with you?
29/03/2023 1:04 PM
JalanTembok A cash rich company is a positive factor in the company's favour. It is certainly better to be cash rich than another company that is burden with large debts; which in a worst case scenerio may cause bankruptcy when it is no longer able to service debts and interests.
29/03/2023 4:42 PM
drken91 betul tu, JalanTembok
kita jalan terus
apa peduli yini org gaduh2 masa bulan puasa haiyaaa
29/03/2023 7:13 PM
drken91 been collecting TSH 1K unit / month,
no worries,
price remains averaging well, never went all in

I like boring, cash rich, high dividend yield stocks

alamak... kena kecam pulak lepas ni haiya..
29/03/2023 7:14 PM
Mikecyc 西方银行爆雷 棕油领域或迎黑天鹅

2023年03月27日
(吉隆坡27日讯)西方银行爆雷风波未停,分析员担忧,蔓延至全球金融业的可能,导致美元短缺,原棕油价恐面临潜在“黑天鹅”事件。

马银行投行研究在最新的报告中指出,尽管目前的银行业危机与过去全球金融危机情况不同,但若出现全球美元短缺的情况下,仍可能导致意外的贸易中断、 库存堆积和大宗商品价格承压。
30/03/2023 7:47 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Great minds talk ideas
Good minds talk things
Weak minds talk people


The above statements are true. I have observed these on numerous occasions especially in my dealings with ten of thousands of people in my lifetime.

For example:
1. Weak mind talks about people

The TSH Chairman is now holding over 330 million Tsh shares tightly.


2. Good mind talks about things

Bought repeatedly 500,000 shares in his company. Why repeatedly 500,000 shares? Programmed buying, why?

3. Great mind talks about ideas

TSH
Number of Share : 1.382b

>>>
For Tsh the Chairman now holding over 330 million Tsh shares tightly

For many other crashing left and right their insiders/directors sold like no tomorrow

Latest is Revenue. Its insiders sold until ceased to be substantial shareholders
>>>


Can you see the flaws in calvintaneng highlighting the above?
There are so many major shareholders in many companies who never sold.

Why TSH chairman bought more shares recently? There are many reasons. He was not holding a lot of shares for a company that was previously listed by the senior members of his family. The dividends gave him cash to invest into the company. Maybe another member or related party wished to sell and he obliged to buy these to maintain their related shareholdings from being diluted.
30/03/2023 8:27 AM
SEERESEARCH2023 since world trade use usd the most.
In the sense of inadequate usd, the trade cant be done and hence, the reduce demand and they will choose other options.
CPO gonna drop and so do their stock counter. The trend not gonna change regardless of the cash rich/in debt status.
If u think these counters still got potential, it is always not the right timing to enter yet.
30/03/2023 8:31 AM
Mikecyc
Haha no worries, wait till April : 

1) Boss bought 25 million share .. Top 3 Tunas with 4.92 % is Sold Over 50 million share as at March 2022 … Balance ard 16 million share .. still Selling ke ?? No need to Report,no body know !!! Top 4 Embun Yakin with 4.88 % is started Selling ke ??? And the 4 with surname Tan whom are Not in BOD , holding Less than 5 % , Total ard 14 % … Got action ke ??? 


>> Waiting See see look look on FY22 Annual Report …
30/03/2023 8:37 AM
Mikecyc Haha These Vacant Principal Officers position still No Appointment until today : 




2) Resignation of Principal Officer : 




A) ED Tan is resigned on June 2022 
 



B ) Ex CFO is resigned on June 2022 
 



C) CFO Tan whom is appointed on June is resigned on 4/8/2022 ….
30/03/2023 8:38 AM
Mikecyc Haha oh a New Independent Director Appointment on 1/3/2023 : 



Change in Boardroom 


TSH RESOURCES BERHAD 

Date of change 01 Mar 2023 
Name MR PAUL LIM JOO HENG 
Age 67 
Gender : Male 
Nationality Singapore 
Designation Independent Director 
Directorate Independent and Non Executive 
Type of change Appointment
30/03/2023 8:39 AM
Mikecyc Haha after Cocoa and Flooring subsidiaries being Winding Up , another One ke … anymore impairments .. water money liew liew ke !!! 




WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR 


Member's Voluntary Winding-Up of Polar Vertix Sdn. Bhd. 
2023-03-27 - 5:41 pm
30/03/2023 8:39 AM
Mikecyc Haha yes got Company Secretary Appointment on Dec 2022 … alamak
30/03/2023 8:40 AM
Mikecyc Haha mana ED ?? CFO ?? Both are Tan loh …
30/03/2023 8:40 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ >>>>
calvintaneng

Calvin also recommended pm corp in year 2013 at 15 sen and it did gave an 8 sen cash payout

after that pm corp still paid some dividends which brought down pm corp overall cost to 7 sen

so now after 9 years pm corp now 19.5 sen means it is up by double digit gain for each of 9 years

>>>>>>



Such a creative way of calculating returns. Only calvin can fool himself. At least be honest.

Your capital was $x
Your total dividends received were $y
The present price is $z

Total % return over 9 years
= [($z - $x + $y)/$x] - 1


Then calculate the CAGR.
30/03/2023 10:30 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ >>>
JJPTR

@1.20 buy 8sen dividend. PE3
@1.18 buy ,boss keep buying
@1.14 buy, keep, next dividend fat fat when BuluganLand payment come
@1.09 buy more, boss is waiting 26m dividend. you should follow
After ex ,price drop to 1.00, dividend wiped out by capital loss.
2 hours ago>>>>



Dividends of 8 sen
At this price, DY is so so high.
Calvin continues to make the same mistake deliberately in his wanton promotions.
Perhaps, it is deliberate to trap the uninitiated.
30/03/2023 10:32 AM
JalanTembok drken91,
Gaduh tak baik walaupun bukan semasa bulan puasa.
Investing in stocks requires independence of thoughts and not be undully influenced by unstable emotions. Invest after checking at sufficient good reasons for putting in capital. Buffett said there are two rules for investing.
1. Never lose your capital.
2. Refer to rule No.1
I think your cost-average investment of buying 1 lot each month is a good idea. Much better than putting into fixed deposit.
30/03/2023 10:38 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ 2022-10-20 11:31 | Report Abuse

Share prices adjusted for capital changes

TSH
28.12.2007 RM 1.09
20.10.2022 RM 1.05
DY 2.83%

Nestle
26.12.2007 RM 25.50
20.10.2022 RM 134.00
DY 1.73%

It is obvious that Nestle has rewarded its shareholders a lot more compared to TSH over the long term.

Calvin's excitement over TSH is his usual promotions of getting suckers into his shares for the short term for his own benefits.

Stay with quality and long term.


Weak mind: 8 sen dividends announced for TSH. This equate to high DY.

Great mind: Over a lifetime of investing, which stock will deliver the returns that will meet my investment objectives?
30/03/2023 10:39 AM
Mikecyc Haha Conartist posted pm corp earlier here , blowing with sessions , after the 1 st session is Stopped oredi …

Just want to blow , but there is One Sleeping beauty coincidence is woke up after 7 years …
30/03/2023 10:48 AM


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